It worked for “Straight Outta Compton,” which charted the rise and fall of the rap group, N.W.A. So, apparently, Universal thinks the rap biopic genre is something worth exploring with an upcoming film based on the life and career of Snoop Dogg.
20.10.2022 - 23:49 / deadline.com
Snaptchat parent Snap kicked off earnings season for social media and tech companies today on a sour note with solid user numbers but lower than expected revenue and a dime outlook for the fourth-quarter where sales are expected to be flat. That forecast spooked the Street with Snap down over 25% in late trading.
Snap is seen as a bellwether for digital advertising ahead of numbers coming next week from Facebook parent Meta, Google parent Alphabet, Amazon, Twitter and others. Those stocks also lost some ground after-hours but nothing comparable.
Snap’s daily active users, or DAUs, hit 363 million, an increase of 19% form the year before and above the 358+ million anticipated.
Net losses widened to $360 million — including restructuring charges of $155 million — from $72 million in the year-earlier quarter. Revenue up 6% at $1.128 billion was shy of forecasts. The one-time charge was due in large part to layoffs announced in August.
In a letter to shareholders, CEO Evan Spiegel cited numerous “headwinds.”
“We are finding that our advertising partners across many industries are decreasing their marketing budgets, especially in the face of operating environment headwinds, inflation-driven cost pressures, and rising costs of capital,” he said.
Snap’s numbers follow a tumultuous few months as two top advertising executives left for Netflix and the company in late August announced a restructuring with hefty layoffs. It had signaled plans to slow hiring and spending after a tough second-quarter report in July when it stopped providing financial guidance because “forward looking visibility remains incredibly challenging.” The volatile shares fell 25% then and continued to lose ground — down over 80% from a Sept. 2021 high.
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It worked for “Straight Outta Compton,” which charted the rise and fall of the rap group, N.W.A. So, apparently, Universal thinks the rap biopic genre is something worth exploring with an upcoming film based on the life and career of Snoop Dogg.
Incorporating music from his vast catalogue, Universal Pictures is developing the definitive biopic of entertainment industry mogul and icon of gangsta rap, “Snoop Dogg,” that will mark the first film from Snoop’s Death Row Pictures, the studio announced on Wednesday.Joe Robert Cole (“Black Panther” films) will write the screenplay. Allen Hughes (“Menace to Society”) is attached to direct.Snoop Dogg will produce with Sara Ramaker for their Death Row Pictures, alongside Hughes.“I waited a long time to put this project together because I wanted to choose the right director, the perfect writer, and the greatest movie company I could partner with that could understand the legacy that I’m trying to portray on screen, and the memory I’m trying to leave behind,” Snoop Dogg said in a statement to TheWrap.
Disney stock has fallen more than 11% today on double its normal trading volume, as investors recalibrate their expectations in light of a shaky quarterly earnings report.
Snoop Dogg, the rapper, singer, songwriter, producer, media personality, actor and entrepreneur, has signed with WME in all areas.
Looking through Stacey Solomon’s Instagram grid, life seems to have been a case of non-stop fun at Pickle Cottage this month. The Solomon-Swash family have just celebrated daughter Rose turning one, and doting mum (and Halloween fanatic) Stacey recently transformed their sprawling £1.2m Essex pad into an autumnal extravaganza.
Jonah Hill has quickly turned into one of the most interesting people in Hollywood. He’s proven himself to be an incredible actor, who is very picky about his roles.
Snap Inc. investors registered a “no-confidence” vote today following the Snapchat parent’s earnings report, sending shares plummeting to nearly 4-year lows.
Oprah Winfrey is the latest big name to join Stacey Abrams on the campaign trail. Winfrey will host a virtual event with the Democratic Georgia gubernatorial nominee titled "A Thriving Life!" on Thursday night. "I’m excited to join an extraordinary storyteller and my friend,@Oprah, for a conversation about this historic election, the #UnfinishedBusiness we have here in Georgia, and how we can write the next greatest chapter in our state's history," Abrams, 48, wrote on Twitter.
Democratic gubernatorial candidates Stacey Abrams and Beto O'Rourke became liberal media darlings in their 2018 bids for statewide office in red states Georgia and Texas. They lost, but their futures as national stars appeared set.
Mount Westmore have announced a new album called ‘Snoop, Cube, 40, $hort’.The West Coast rap supergroup comprising Snoop Dogg, Ice Cube, E-40 and Too $hort will release their record on December 9 via Mount Westmore/MNRK Music Group.To build excitement the group have shared a teaser of the album’s upcoming single ‘Too Big’ featuring rapper P-Lo, which you can watch further below.Mount Westmore were expected to drop their debut album in 2021 after several hints. However, the group instead shared their debut collection of recordings ‘Bad MFs‘ as an NFT in June of this year via the blockchain platform Gala Music.‘Snoop, Cube, 40, $hort’ is a 16-track album that will be available across all digital platforms.To date, Mount Westmore have shared the singles ‘Big Subwoofer‘ and ‘Bad MF’s’, the latter of which arrived as a music video in March.Watch Mount Westmore’s teaser for ‘Too Big’ below.https://www.instagram.com/reel/CjlPt2OpNu4/In an interview with HotNewHipHop last year, Snoop said of the project: “You bring the legends of the West Coast together, something great will always happen.“Cube, 40, Short, and I have been running the game for years.
Layoffs are underway at Warner Bros. Television Group. The cuts include the closing of digital shortform programming division Stage 13 and of the famous Warner Bros. Television Workshop, which has been around for more than 40 years.
Joe Swash has admitted to feeling 'guilt' over his happy family life with new wife Stacey Solomon. The couple tied the knot over the summer in an intimate Jewish ceremony in the garden of their gorgeous home, affectionately dubbed Pickle Cottage.