Hustlers earned Jennifer Lopez the best live-action opening of her career over the weekend, as the real-life stripper story beat expectations with a $33 million domestic debut. The film hit theaters just six days after it premiered to rave reviews at the Toronto International Film Festival, with audiences seeing eye-to-eye with the strong critical buzz coming out of TIFF.
The movie is based on a 2015 piece in The Cut called "The Hustlers at Scores" and follows a group of New York strippers who scammed their Wall Street clients in the wake of the 2008 financial crisis. Lopez plays Ramona, a fictional version of the operation's real-life ringleader, who takes Destiny, a younger dancer played by Constance Wu (Crazy Rich Asians), under her wing.
Lopez plays a supporting role to Wu's lead, but her performance is already the most acclaimed acting role of her 30-year career in the spotlight. What started as breathlessly-tweeted hosannas from critics at TIFF, now looks to be building towards an all-but-guaranteed Best Supporting Actress nomination for Lopez at next year's Oscars, thanks to popular consensus, impressive ticket sales, and an Academy-friendly pre-packaged comeback narrative.
Despite the encouraging numbers, Hustlers was only the second biggest movie of the weekend, coming in behind It: Chapter Two which made $40 million in its second week at the box office. But it still opened almost $30 million ahead of another prestigious adaptation: The Goldfinch.
The big-screen take on the 2013 Pulitzer Prize-winning novel bombed in its debut, making just $2.6 million; good enough for the eighth spot on the weekend box-office rankings. Despite an A-list cast toplined by Nicole Kidman and Ansel Elgort, the movie failed to make a dent with audiences. A 25 percent rating on Rotten Tomatoes probably did not help its theatrical performance, with the site's top critics using words like "lifeless," "mangled," and "dull" to describe the movie.
With most of the major festivals complete and Labor Day fading fast, this weekend marked the unofficial start to the Fall movie season, and dozens of other awards contenders are sure to follow from now until New Year's. But, we can already assume two clear takeaways about this year's race: Jennifer Lopez will compete for an Oscar in 2020. Nicole Kidman — probably not.
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
Amazon is betting that ammonia could be the fuel of the future, participating in a Series A round for the Brooklyn-based company Amogy in December. Amogy aims to de-carbonize transportation with a clean energy system that uses ammonia as a renewable fuel. Amogy is partnering with Amazon on its first commercial product - an ammonia-powered cargo-shipping vessel. Amogy CEO Seonghoon Woo joins Cheddar Climate to discuss.
One of the world's largest transport companies is kicking off Black History Month with a new initiative aimed at the next generation of business leaders. Today, FedEx announced the launch of its Student Ambassador Program. Participants selected from eight historically black colleges and universities will receive career guidance from FedEx executives. The program is part of FedEx's ongoing commitment to HBCUs and will also help the company expand its pipeline for diverse talent. Cheddar News welcomes senior vice president at FedEx, Jenny Robertson, and Jerryl Briggs, President of Mississippi Valley State University, to discuss.
"Sing 2" has overthrown "Spider-Man: No Way Home" as the number one film at the UK box office. The animated sequel brought in $8.1 million, in just its two first weekends. However, "No Way Home" is still on track to beat "Avatar" as the number one grossing movie of all time.
Big Brothers Big Sisters of America has been a driving force for youth mentorship since 1904. The nonprofit organization is launching its annual Big Draft campaign this month in partnership with the NFL, and Artis Stevens, the first Black CEO of Big Brothers Big Sisters of America, joined Cheddar to discuss the push for adding more "Bigs" as mentors on his one-year anniversary leading the non-profit organization. "While the NFL is recruiting and drafting more players, they're also helping us to draft more mentors and, particularly, men all the way from across February to all the way to April of this year," Stevens explained.
The Supreme Court will reconsider race-based affirmative action in college admissions. The court will examine admissions policies at Harvard University and The University of North Carolina Chapel Hill, which count the race of applicants as a factor in admissions. The court has upheld affirmative action policies in the past, saying it helps to create more diverse student bodies. However, the conservative Supreme Court could be skeptical and even possibly hostile to such policies. Nick Anderson, Higher Education Writer, Washington Post joined Cheddar's Opening Bell to discuss.
The value of most cryptocurrencies have plummeted in recent months since reaching all-time highs in November, wiping out more than $1 trillion in value globally. The steep crash has some talking about the possibility of a crypto winter, a term referring to a prolonged bearish period where asset prices persistently fall over many months. This all comes as the Fed is expected to raise interest rates, and the Biden administration is working on an executive order to regulate Bitcoin and other assets. Josh Goodbody, COO of Qredo, joined Cheddar's Opening Bell to discuss the crypto crash, and how the industry might recover from it.
Recent data reveals that streaming giants are struggling to retain subscribers in the months following a major release.
According to data from Antenna, subscriber trends show that users will subscribe to a given streaming service just to watch a particular show, and then cancel those subscriptions shortly after. This comes as the streaming space continues to heat up as new entrants crowd the space. Jon Christian, Founding Partner + Digital Supply Chain Leader at OnPrem joined Cheddar's Opening Bell to discuss.
