{"id":113607,"date":"2022-07-09T01:18:48","date_gmt":"2022-07-08T19:48:48","guid":{"rendered":"https:\/\/centralrecorder.com\/elon-musks-twitter-drama-and-mixed-signals-about-live-events-comeback\/"},"modified":"2022-07-09T01:20:03","modified_gmt":"2022-07-08T19:50:03","slug":"elon-musks-twitter-drama-mixed-signals-about-live-events-comeback","status":"publish","type":"post","link":"https:\/\/centralrecorder.com\/elon-musks-twitter-drama-mixed-signals-about-live-events-comeback\/","title":{"rendered":"Elon Musk’s Twitter Drama & Mixed Signals About Live Event’s Comeback"},"content":{"rendered":"\n

The Tesla CEO is scheduled to speak Saturday as reports suggest his Twitter takeover is in \u201djeopardy\u201c<\/p>\n

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\u201cI\u2019m not seeing a lot of concern about Musk and Twitter, outside of some clients that think he\u2019s an egomaniac and\/or a creep or weird guy,\u201dOne entertainment lawyer said that. \u201cI don\u2019t have a lot of clients that are personally regularly as active on Twitter anymore as they used to be.\u201d<\/p>\n

The $44 billion deal hit a speed bump as Musk\u2019s team have raised concerns regarding the amount of data sold to corporate customers and the volume of spam accounts active on the social media platform, the Post reported. As Parag Agrawal, the current CEO of Twitter, is also visiting Sun Valley, it must have created a consternation that has caused a unique atmosphere. To be a fly on that wall\u2026<\/p>\n

\n\t\t\t\t\t\t\t\t\t\"Latest<\/p><\/div>\n

These are just a few of the takeaways from this conference.<\/p>\n

Live events are going great\u2026 for now<\/h2>\n

Julia Boorstin (CNBC reporter) on Thursday Interviewed<\/a>Michael Rapino, CEO of Live Nation, stated that ticket sales and concert attendance are still strong despite recession fears and inflation. Certain live events, including sports and entertainment, have made a remarkable comeback since the dark early days of the pandemic. Endeavor\u2019s surging quarterly revenue earlier this year was largely credited with the full return of the UFC, Super Bowl and NCAA. In May, StubHub\u2019s Adam Budelli <\/a> \u201cThis may be the busiest concert season on record.\u201d <\/p>\n

However, not all live events are as welcoming since the COVID-related shut downs were lifted. Due to the pandemic, hybrid film festivals like Sundance and Toronto have been created with both digital and in-person access. The Cannes Film Festival\u2019s future as a relevant cultural epicenter appears to be waning rapidly<\/a>. As a result, people’s behavior has changed. A general one-two punch in convenience and pricing just before another possible recession could burst the happy bubble.<\/p>\n

\u201cFor most clients, we\u2019re making plans assuming things will get worse on both the revenue and expense side, just to be safe,\u201dThe entertainment lawyer spoke of live events.<\/p>\n

Skeptics point out that cost increases are a major concern. These include fuel and travel, as well as food and catering costs and salaries for crew and staff. COVID is still a major obstacle to the restoration of live events despite the relative recovery of daily life. \u201cconsistently back to normal,\u201dThey said. <\/p>\n

The bottom line is: Enjoy the good times while it lasts. \u201cStranger Things\u201d-esque ticking clock<\/a>Industry leaders are omnipresent. <\/p>\n

\n\t\t\t\t\t\t\t\t\t\"What<\/p><\/div>\n

What\u2019s happening with Paramount Global?<\/h2>\n

Shari Redstone\u2019s move to remerge Viacom and CBS in late 2019 into the recently rebranded Paramount Global was widely viewed as an effort to prepare the company for sale. Despite many years of speculation, however, no clear suitors have been identified and no deal is likely. <\/p>\n

Sun Valley’s merger and acquisition talks are being discussed this week The Business podcast<\/a>, Puck News co-founder Matt Belloni surmised: \u201cMaybe the Paramount strategy is stay the course, have a streaming service, and milk these linear television networks. So the wheeling and dealing that we thought was going to happen in the next two to three years, maybe won\u2019t.\u201d<\/p>\n

Despite a string of box office hits dating back to last summer, a growing portfolio of streaming subscribers across Paramount+ and Pluto TV, and a cascade of cash from CBS, Paramount Global\u2019s share price has dropped 38% over the last 12 months. <\/p>\n

Given external economic factors and Netflix\u2019s subscriber losses creating uncertainty in the market, \u201cIt\u2019s totally reasonable that Paramount Global is not going to be acquired in this merger wave, but it will be a viable target in the next wave,\u201d David Offenberg, associate professor of entertainment finance at LMU\u2019s College of Business Administration, told .<\/p>\n

Some acquisition sales are borne out of desperation, but that isn\u2019t the case for Paramount Global, which houses a very manageable $17 billion in debt as of March. \u201cThey don\u2019t need a miracle to survive. They\u2019re doing fine and don\u2019t need to be acquired right now,\u201d Offenberg said. <\/p>\n

For the immediate future, staying on the same course seems to be the most sustainable strategy. <\/p>\n

\n\t\t\t\t\t\t\t\t\t\"Box<\/p><\/div>\n<\/p><\/div>\n