Netflix Plans to Double Spending on Original Content in Asia

(Bloomberg) — Netflix Inc. is planning to double its spending on original content in Asia next year to help stay ahead in a crowded streaming market, where billionaires including China’s Pony Ma and Hong Kong’s Richard Li are seeking to expand their presence.



a screen shot of an open laptop computer sitting on top of a desk: Netflix Inc. signage is displayed on an Apple Inc. laptop computer in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Thursday, Jan. 2, 2020. Netflix Inc. dominated Golden Globe nominations with 34 total, including four films up for best picture and four series nominated for the top television awards, the Associated Press reported.


© Bloomberg
Netflix Inc. signage is displayed on an Apple Inc. laptop computer in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Thursday, Jan. 2, 2020. Netflix Inc. dominated Golden Globe nominations with 34 total, including four films up for best picture and four series nominated for the top television awards, the Associated Press reported.

After producing widely watched Asia shows such as the Korean zombie period thriller “Kingdom” and reality series “Indian Matchmaking,” the world’s largest streaming platform is seeking to cement its stronghold in a region that’s seen the fastest growth in subscribers, said Minyoung Kim, Netflix’s vice president of

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Iconic Arecibo telescope in Puerto Rico collapses before plans to demolish

The famous Arecibo Observatory had been in service for 57 years.

The telescope collapsed Tuesday morning after showing signs of extreme weakness, according to scientists. The radio-telescope suffered major damage after a cable that helped support the 900-ton platform hanging 450 feet above the ground broke in August. Weeks later, a second cable gave in putting the telescope at greater risk.

According to the National Science Foundation, no injuries were reported. NSF

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Here are the latest Charlotte development plans

Amid a citywide affordable housing shortage, developers filed plans this month to build hundreds of income-restricted and senior homes across Charlotte.

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The proposals, released last week by the Charlotte Planning, Design and Development department, range from an expansion of retirement facility Aldersgate in east Charlotte to several projects along West Boulevard.

Here are some of the biggest projects planned. The Charlotte City Council will hold a public hearing and vote on each of the rezoning requests. The earliest a hearing could take place is at the council’s February zoning meeting, according to John Kinley, with the city’s planning department.

Aldersgate expansion

Retirement community Aldersgate filed a petition with the city to redevelop its 70-acre east Charlotte campus.

The expansion calls for up to 262 new senior homes, up to 380 residential units and a maximum of three group homes, according to the site plan.

The plan also includes

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Canada Plans Digital Tax in 2022 on Global Tech Giants Such as Facebook, Google | Technology News

OTTAWA (Reuters) – Canada plans to impose a tax on corporations providing digital services from 2022 that will stay in place until major nations come up with a coordinated approach on taxation, the Finance Department said on Monday.

The Organisation for Economic Cooperation and Development is working on a common approach to ensure digital behemoths, such as Alphabet Inc’s Google and Facebook Inc, pay their share of taxes as the coronavirus hammers budgets.

Canada said it was concerned about a delay in reaching agreement. The threat of digital services taxes has prompted threats of trade retaliation from outgoing U.S. President Donald Trump’s administration.

The new tax would come into effect on Jan. 1, 2022, and remain in place until a common approach is agreed upon. The measure would raise federal revenues by C$3.4 billion ($2.6 billion) over five years, starting in the 2021-22 fiscal year.

“Canadians want a tax system

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More plans revealed for 3,500-home development in Lincolnshire

Further plans have been revealed for a new 3,500 home development near Lincoln.

Improvements to public transport, walking, cycling, climate change and biodiversity will be key components of the development if new rules and design guides are approved next week.

The South East Quadrant is a development planned for land between Canwick and Bracebridge Heath around the Lincoln Eastern Bypass.

It would include new schools, a new district centre, a local centre and seven hectares of commercial land.

It’s expected to take up to 2036 to complete and is part of a much larger plan for 6,000 homes in the Central Lincolnshire Local Plan — though there is no deadline for this higher number.

New plans have been revealed

North Kesteven District Council’s executive members will examine feedback to the Lincoln South East Quadrant Concept Plan and Design Codes on Thursday.

The document before councillors next

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Dallas ISD plans to build cell towers, pay for internet to help students

Almost none of the students at W. W. Samuell High School had access to district-issued laptops or internet hotspots in their homes just one year ago.

In what would now be viewed as a prescient decision, Principal Jennifer Tecklenburg started handing out Chromebooks to students in December so that every student could have a device to take home.

“It was an equity issue,” she said. “The students needed the technology at home as much as they needed it at school.”

Most of Samuell’s students had a device when the pandemic forced campuses in Dallas and across the country to close last March. But there was still the glaring issue of internet connectivity – what good was a laptop if a student didn’t have a Wi-Fi connection to use it on?

Students completed work on their phones, submitted assignments via text message or parked outside of libraries and restaurants to access

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Grand Rapids economic development group working to improve the success rates for Black businesses plans HQ

GRAND RAPIDS, MI — Grand Rapids Area Black Businesses (GRABB) is still aggressively working on plans to construct the organization’s first-ever headquarters on the city’s Southeast Side, according Jamiel Robinson, founder and chief executive officer.

The economic development social enterprise, launched in July 2013, works to expand opportunities for Black businesses in the Metro Grand Rapids area. The proposed headquarters, District 2012, will be located at 2012 Eastern Ave. SE in Seymour Square, a business district in one of Grand Rapids Opportunity Zones known as Southtown.

Robinson said the District 2012 headquarters there will serve as a hub for entrepreneurship, innovation and culture.

“GRABB having its HQ located in this business district attracts new resources, investments that benefit existing residents and brings new Black businesses to the area,” Robinson said.

“We also believe being there will ignite action from residents, small businesses, community organizations and other local economy stakeholders around

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Jowell Global Seeks U.S. IPO For Expansion Plans

Jowell Global Ltd. (JWEL) aims to raise $26 million in an IPO of its common stock, according to an F-1 registration statement.

Shanghai, China-based Jowell was founded to develop a membership-based online platform to sell products directly to consumers as well as facilitate third parties to operate their own online stores.

Management is headed by Chairman and CEO Mr. Zhiwei Xu, who has been with the firm since 2019 and has served at Chairman of Jiangsu Longrich Group and Shanghai Juhao Information Technology Co, a subsidiary of the company.

The company’s primary offerings include:

  • Online Direct Sales
  • Authorized Retail Store Distribution
  • Third-party Merchants
  • Live streaming marketing

Jowell has received at least $4.2 million from investors.

The company pursues customers via online search optimization and marketing efforts.

In addition, the firm advertises via outdoor media and cooperative advertising arrangements with some of its vendors.

Marketing expenses as a percentage of total

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Disney plans to lay off roughly 32,000 workers in the first half of 2021



a person wearing a costume: Guests wear required face masks due to the Covid-19 pandemic on Main Street, U.S.A. in front of Cinderella Castle at Walt Disney World Resort's Magic Kingdom on Wednesday, August 12, 2020, in Lake Buena Vista, Fla. Charles Sykes/Invision/AP


© Charles Sykes/Invision/AP
Guests wear required face masks due to the Covid-19 pandemic on Main Street, U.S.A. in front of Cinderella Castle at Walt Disney World Resort’s Magic Kingdom on Wednesday, August 12, 2020, in Lake Buena Vista, Fla. Charles Sykes/Invision/AP

  • The Walt Disney Company said Wednesday it plans to terminate the employment of some 32,000 people in the first half of 2021, Variety reported.
  • “Due to the current climate, including COVID-19 impacts, and changing environment in which we are operating, the company has generated efficiencies in its staffing, including limiting hiring to critical business roles, furloughs, and reductions-in-force,” the company said.
  • Visit Business Insider’s homepage for more stories.

Disney is laying off some 32,000 people who work for the company in the first half of 2020.

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In a filing this week with the US Securities and Exchange Commission, The Walt Disney Company said it would be terminating

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Plans for luxurious Eastern Wharf development on track months after devastating fire – Business – Savannah Morning News

Descending off the Truman Parkway to downtown Savannah, it’s hard not to notice the towering structures taking shape at the Eastern Wharf development. From office, retail and apartments to a new 193-room Hyatt branded hotel, crews remain at work on the $600 million mixed-use project along east President Street.

Despite a massive fire in February that destroyed a large portion of the Riverworks Apartment building, the space is scheduled to have its first move-ins in May and design of phase two is also getting underway.

“We want to keep our momentum going, we got pushed back with fire, but we didn’t stop,” said Trent Germano, co-founder of the Mariner Group, who along with Regent Partners and financial partner ELV Associates are behind the development. “I will say that working with everybody out here in the field and with our design teams, development teams, we overcame the fire and it was

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