Categories
Business Culture Digital - AI & Apps Economics Entertainment News International & World Lifestyle News Now! Perspectives

Korean hit film ‘12.12: The Day’ sets North American digital release – Global Bulletin

NORTH AMERICAN DIGITAL RELEASE

 

— North American digital distributor Echelon Studios has come on board “12.12: The Day,” the highest grossing film from Korea last year.

 

The film has been on theatrical release in North America, through 815 Pictures since last year and grossed over $1 million. Echelon said that the film will have a streaming release later this year. It will also be available to pre-order to own on iTunes, Apple TV, Google Play, YouTube Movies, Vudu, Vimeo OnDemand and OnDemand Korea shortly.

 

Directed by Kim Sung-su and with a Korean gross exceeding $90 million, the action drama is based on true events in December 1979, which resulted in an eight-year military junta in South Korea.

 

The film stars Hwang Jung-min (“Deliver Us from Evil”), Jung Woo-sung (“Asura: The City of Madness”), Lee Sung-min (“The Spy Gone North”), Park Hae-joon (“Believer”), Kang Gil-woo (Netflix series “The Glory”), and Jung Hae-in (Netflix’s “D.P.”).

TREASURE ISLAND

Principal photography has now wrapped on Kent Donguines’ feature documentary, “Treasure of the Rice Terraces,” produced by Crawford Filmworks and Aimer Films. Donguines is the first Filipino-Canadian filmmaker to travel to Buscalan, a secluded mountain community in Tinglayan, Kalinga, Philippines, to find the legendary artist Apo Whang-Odand her apprentices to learn about the history and symbolism of Kalinga tattoos.

 

“Treasure of the Rice Terraces” explores how this old practice, once banned and despised in Philippine society, is evolving into a chic and in-demand type of body art that has become a source of pride and belonging for many Filipinos, both at home and abroad. The documentary highlights the importance of preserving the tattoo culture for future generations and the challenges faced by the community in doing so. It also delves into the issues of stolen mummified bodies, cultural appropriation, stigmatization, and discrimination faced by tattooed individuals.

 

Anthropologist, Lars Krutak, Kim “Kuya Kim” Atienza, Miss Universe Philippines 2023 Michelle Dee, and Designer Mark Bumgarner are among the people interviewed for this documentary. Knowledge Network has the Canadian rights to the film.

 

SILENT SEASONS

Rabbit Films is to give birth to two additional seasons of “Silent Library Suomi,” a Finnish adaptation of a Nippon TV format. The first two seasons aired on the Walt Disney Company-owned Star Channel with 36 episodes in 2023, and a fourth season is also planned for autumn 2024. Riku Rantala, the multi-talented reporter, author, and host of a popular local documentary program, will continue to navigate the series.

 

First airing in 2001 on Nippon TV, Silent Library has been a primetime, family-oriented television sensation in Japan. It was created by the legendary Japanese comedian Matsumoto Hitoshi from the famed duo DOWNTOWN, and is produced by Nippon TV in association with Yoshimoto Kogyo.

 

Since its launch as an international format in 2007, local versions of Silent Library have been developed in more than 20 countries around the world, including MTV in the U.S.

 

 

Read More

 

— Variety

Categories
Business Culture Foodies/Tastylicious Lifestyle Special/Sponsored Content

Beyond St. Paddy’s Day, Sugar Plum Chocolates available for Easter celebrations, too

— Sugar Plum Chocolates are festive and delicious treats for St. Paddy’s Day and/or Easter. 

 

Sugar Plum Chocolates Happy Easter Box

 

The Happy Easter Chocolate Collection Box is bursting with chocolate-covered treats for your loved ones, including milk and white chocolate-covered pretzels, milk chocolate-covered cookies with pastel drizzle and milk chocolate-covered graham crackers with pastel drizzle. But this Easter Bunny keeps the Easter fun going, because the Happy Easter Chocolate Collection Box also includes chocolate bites, strawberry delights, jelly beans, and a milk chocolate Easter Bunny. Every bunny is going to love this sweet collection of chocolates and candies this Easter. Retails for $55 at https://www.sugar-plum.com/collections/easter/products/happy-easter-box

 

 

 

Fun Easter Basket Treat – Sugar Plum Chocolate Zombie Bunny

 

Zombie Peter Rabbit is Sugar Plum’s classic white chocolate bunny with a twist! Made of white chocolate and designed to be a one-of-a-kind piece that will make kids and adults alike scream and start running for the hills, our Chocolate Zombie Bunny comes beautifully wrapped in a cello bag with a festive bow and a gift tag. Don’t let Zombie Peter Rabbit hop…err…stagger away – order today! Retails for $29.95 at https://www.sugar-plum.com/collections/easter/products/chocolate-zombie-easter-bunny

 

 

 

Sugar Plum Chocolates Happy St. Patrick’s Day Box

This delightful assortment of delectable treats will turn your St. Patrick’s Day celebration into a truly magical and mouthwatering experience. This box is the pot of gold you’ve been looking for, as it features a sweet and whimsical Chocolate Shamrock Lollipop, rich Whiskey Nuts & Irish Stout Nuts (seasoned to perfection), yummy smooth and creamy Milk Chocolate Beer Mugs with Green Sprinkles, irresistibly sweet and crunchy Caramel Corn, salty and succulent White Chocolate Covered Pretzels with Green Drizzle, and whimsical and delicious Gold Chocolate Coins. Retails for $45.00 at https://www.sugar-plum.com/products/happy-st-patricks-day-box

 

 

Categories
Art & Life Business Culture Foodies/Tastylicious Lifestyle Perks

Campbell names Anthony Kyles Chief Customer Officer of Meals & Beverages

CAMDEN, N.J. — (BUSINESS WIRE) — Campbell Soup Company (NYSE: CPB) today announced the appointment of Anthony Kyles as Chief Customer Officer, Meals & Beverages, effective March 4, 2024.

 

Kyles will lead the U.S. retail sales team for Campbell’s soups, meals, sauces and beverages, driving growth across the Meals & Beverages division with the company’s retail customers. He will be responsible for profitably growing an iconic portfolio of brands, including Campbell’s, Chunky, Pacific Foods, V8, Prego, Pace, Swanson and SpaghettiOs. He will join the Campbell Leadership Team and will report to Mick Beekhuizen, Campbell’s Executive Vice President and President, Meals & Beverages.

 

“The Meals & Beverages division is focused on driving growth with our retail customers and transforming our categories through our portfolio of iconic and distinctive brands, while providing value for our consumers,” said Beekhuizen. “Anthony is a results-oriented leader, and I’m confident his extensive industry experience will help us set the standard for accelerating profitable growth.”

 

Kyles joins Campbell from PepsiCo, where he most recently served as the Vice President of National Accounts for Frito-Lay. Since joining PepsiCo in 2007, Kyles has held multiple roles with increasing leadership responsibilities overseeing category growth strategies across various channels. These experiences enabled him to build cross-functional and divisional experiences in operations, marketing, sales, shopper insights and manufacturing. Previously, he worked at IBM as a systems engineer for several years, before transitioning to sales as a senior executive and leading sales and engineering teams in the banking and automotive industry. He earned his B.A. degree in Industrial Marketing and Finance from Western Michigan University.

 

About Campbell

For more than 150 years, Campbell (NYSE:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, the company generated fiscal 2023 net sales of $9.4 billion. Our portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell has a heritage of giving back and acting as a good steward of the environment. The company is a member of the Standard & Poor’s 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com.

Contacts

Investor Contact:
Rebecca Gardy

(856) 342-6081

Rebecca_Gardy@campbells.com

Media Contact:
Dervela Paul

(856) 536-0523

Dervela_Paul@campbells.com

Categories
Business Digital - AI & Apps Energy Environment International & World Lifestyle Science Technology

South Korea’s leading display makers LG and Samsung close ranks as they cede ground to Chinese TV and smartphone screen manufacturers and face OLED competition

—  After taking over mass-market LCDs, Chinese manufacturers are threatening to undercut South Korean makers on premium OLED technology

 

Financial Times:

 

South Korea’s leading display makers LG and Samsung are closing ranks as they cede more ground to Chinese manufacturers of TV and smartphone screens and face being undercut on their leading-edge OLED technology.

 

In what has become a battle for survival for the once-dominant companies in the sector, Samsung closed its last liquid crystal display factory in China in 2021 and is set to rely this year on its domestic rival to produce more of its panels there. The unusual level of co-operation comes as LG seeks to sell its remaining LCD plant in the country, according to reports, after a slump in global IT sales following the lifting of pandemic-era lockdowns in China.

 

Having conquered the market for cheaper mass-market LCD technology, Chinese display manufacturers are now making inroads on the last bastion of South Korean technological superiority, with their leader — state-owned BOE Technology — building a $9bn plant to produce cutting-edge organic light-emitting diode panels in the southwestern Chinese city of Chengdu.

 

South Korea’s display industry is facing the same fate as Japan’s in the $160bn global market, analysts said, citing the worst-case scenario of JOLED, a Japanese joint venture between Panasonic and Sony’s advanced display businesses, which went bankrupt last year with $250mn in liabilities after struggling to match South Korean investments in the sector.

“Just as Korea overtook Japan as the display industry leader, China is likely to outsmart us on the back of its huge domestic market, abundant capital and technological development,” said Park Chong-hoon, head of research at Standard Chartered in Seoul.

 

Park added that the display battle was indicative of the wider struggle for South Korea to preserve its technological edge over China in industries ranging from chips and batteries to smartphones and shipbuilding.

 

“This phenomenon will not be confined to just the display market. China is catching up fast in other capital-intensive industries and will soon overtake Korea in most key manufacturing industries,” he said.

 

Samsung and LG rose to pre-eminence in the global display market in the 2000s, following a series of aggressive investments that helped them overthrow the Japanese incumbents. They relied on their in-house display businesses to supply panels to their TV and smartphone divisions, but that model was disrupted by the rise of Chinese alternatives supported by generous government subsidies and a giant domestic market, as well as by Taiwanese competitors.

 

“The massive expansion of Chinese panel production capacity and the resulting price competitiveness led Korean panel makers to exit the LCD supply chain under loss pressures,” said Iris Yu, an analyst at Taiwanese consultancy TrendForce.

 

The two South Korean companies have focused their investments instead on OLED displays for high-end TVs, smartphones and tablets, as well as next-generation micro OLED displays for virtual and augmented reality devices such as Apple’s Vision Pro headset. LG Display is the world’s only mass producer of large OLED panels, although OLED TVs only make up 3 per cent of the global TV market. Now the two are finding themselves under pressure in the OLED segment as well.

BOE’s new Chengdu plant will produce OLED substrates using the latest 8.6-generation technology — setting up a head-to-head battle with Samsung to supply OLED panels to Apple for next-generation iPads and MacBooks.

 

“Korea is far advanced in terms of OLED quality, but China’s OLED panels are much cheaper than Korea’s,” said Yi Choong-hoon, a display expert and head of Seoul-based UBI Research.

 

“China suffers huge losses, but it still supplies OLED panels at cheap prices to increase its market share, meaning it will kill off competitors as it has done in the LCD market,” he added.

 

“China will overtake Korea in the OLED market, too, if things are left as they are.”

 

The South Korean companies must also contend with an intensifying Chinese campaign to acquire their display-making expertise.

 

According to South Korean government figures, between 2016 and 2023, Chinese entities were able to steal more technology from the country’s display sector than from any other industry apart from the chip sector. Last year Samsung Display filed a complaint against BOE with the US International Trade Commission aimed at stopping the Chinese company from selling displays in the US using tech that was allegedly stolen, according to the South Korean company.

 

BOE, which denies the allegations, has responded with a barrage of lawsuits against several Samsung subsidiaries in China. Having cut ties with BOE, Samsung is now getting more LCD panels from LG Display’s Chinese plant in the southern city of Guangzhou. Yu of TrendForce predicts that Samsung “will significantly reduce its dependency on Chinese panel makers in 2024, dropping its procurement share from 55 per cent to 38 per cent.”

The new partnership between the South Korean companies also constitutes a lifeline for LG, which suffered seven straight quarters of losses before finally reporting an operating profit in the final quarter of 2023.

“Samsung and LG need each other because the all-out display war between Korea and China has spread to the premium market,” said Nam Sang-uk, a researcher at the Korea Institute for Industrial Economics & Trade.

 

Samsung and LG declined to comment on their co-operation. Yi of UBI Research said Washington should consider intervening on South Korea’s behalf, arguing that a Chinese takeover of the sector would complicate US-led efforts to enlist Seoul’s assistance in reducing China’s access to more sensitive technologies such as semiconductors.

 

“China dominating the display sector will undermine US chip strategy because it gives Beijing such leverage over Seoul,” said Yi.

 

“If Korea reduces its chip supply to China, then China can reduce its display supply to Korea. The more dependent Korean IT companies become on Chinese suppliers, the more this kind of retaliation will hurt.”

 

 

Read More

 

— Techmeme

Categories
Business Culture International & World Lifestyle Technology

INVIDI Technologies and Tata Play revolutionize television advertising landscape in India with launch of data-driven addressable advertising

PRINCETON, N.J. & CHENNAI, India — (BUSINESS WIRE) — #AddressableTVINVIDI Technologies, the global leader in advanced TV advertising solutions, has joined forces with Tata Play, India’s leading content distribution and Pay TV platform, to introduce targeted advertising on linear TV channels.

 

The collaboration leverages INVIDI’s innovative addressable advertising technology, empowering Tata Play to deliver personalized ads to over twenty million connections across Tata Play’s footprint. This marks a significant milestone in the evolution of television advertising in India.

 

Addressable advertising opens doors to a new realm of possibilities in India, where advertisers can now deliver ads tailored to each identified region or audience cohort, ensuring that every household receives content aligned with their interests. This not only maximizes the impact of advertising campaigns but also increases the value of Tata Play’s advertising inventory.

 

“Addressable advertising is a game-changer for advertisers. The technology will not only boost advertising effectiveness but also create an opportunity for small and regional brands to reach viewers of national TV,” said Harit Nagpal, Managing Director and Chief Executive Officer of Tata Play.

 

“INVIDI Technologies is proud to join forces with Tata Play to introduce cutting-edge addressable advertising solutions to the Indian television landscape. This collaboration marks a significant stride toward a future where advertising is optimally relevant, with minimal wasted reach. Through personalized and targeted content delivery, we aim to redefine the viewer’s relationship with advertising, creating a more engaging and meaningful experience. Our advanced technology is poised to elevate the standard of television advertising in India, and we are thrilled to be at the forefront of this transformative journey with Tata Play,” said Prasad Sanagavarapu, Managing Director of India and EMEA for INVIDI Technologies.

 

The partnership between INVIDI and Tata Play represents a significant leap forward in the evolution of television advertising in India. By adopting addressable advertising, the industry is not just embracing innovative technology, it is putting viewers at the center of the advertising experience.

 

The launch of addressable advertising solutions by INVIDI and Tata Play is poised to reshape the television advertising landscape in India. This move aligns with the global trend towards more targeted and data-driven advertising, bringing India to the forefront of innovation in the industry.

 

About INVIDI Technologies

INVIDI Technologies’ patented advanced advertising technologies unlock the maximum value of premium video by uniting distributors, programmers, and data providers to ensure advertisers reach the right audiences when, where, and however they are watching. INVIDI launched the first broadly deployed addressable advertising system in the world and its products enable cross-platform campaign execution to provide maximum reach and optimal viewer experience management. Our partners use INVIDI’s software to produce billions of dollars in advertising revenue and relevant messaging, while protecting viewer privacy. INVIDI’s Emmy® Award-winning technical excellence, industry-leading experience, and innovative linear and digital precision-based solutions are deployed in the United States and around the world. INVIDI is co-owned by AT&T, DISH Network L.L.C., and WPP. Learn more at www.invidi.com.

 

About Tata Play

Incorporated in 2001 and with services launched since 2006, Tata Play is India’s leading content distribution platform providing Pay TV and OTT services. Its objective is to connect to leading content in the world on any budget, any screen, anytime and anywhere.

 

Staying true to its commitment of making tomorrow better than today, Tata Play’s growth over the years has been cemented by many innovations and enhancements. The company has invested in advanced digital infrastructure, partnered with global leaders to provide superior technology and set up high-end 24×7 call centers in 12 languages across the country manned by multi-lingual customer service associates to offer professional and efficient customer service. Tata Play has footprints pan India with 23 million connections.

Contacts

INVIDI Technologies:
media@invidi.com

Tata Play:
Atrayee Chandra

Atrayee.chandra@tataplay.com

Categories
Business Culture Entertainment News International & World Lifestyle Perspectives

British production sector regains its swagger after strike hiatus: ‘Demand is going to be ramping up’

Despite being significantly hit by the WGA and SAG-AFTRA strikes in 2023, U.K. film studios and production facilities are looking to pick back up where they left off after a record-breaking year for film and high-end television production spend in 2022.

 

When asked what the industry can expect in terms of business in the year ahead, Samantha Perahia, head of production U.K. at the British Film Commission, says she feels positive that demand “is going to be ramping up.”

 

She continues, “We already know that some of our studio facilities in the U.K. are getting very busy. While not every facility in the U.K. is jampacked again, there seems to be some momentum now, which is very welcome.”

 

The production spend in the U.K. jumped from £726 million ($376 million) in 2016 to $7.8 billion in 2022. At the same time, the U.K. considerably expanded its studio and stage provision to accommodate steadily increasing demand by major U.S. studios and streamers.

 

A traditionally popular base for screen production thanks to skilled crews, generous tax incentives and a diverse landscape, the U.K. began heavily investing in purpose-built studio facilities back in 2020, when the BFC received a $6 million government boost to expand its work promoting the U.K. as a destination of choice for studio space investment. “I wouldn’t have been able to say we have enough studio space five years ago, but I can say so now,” says Perahia.

 

Edinburgh’s FirstStage Studios is one of the many facilities to come onto the scene since then. With 8.9 acres of stages, offices and workshops, FirstStage is run by BAFTA-winning producer Bob Last and actor-director Jason Connery. Since first opening in 2020, the studios have welcomed major productions including Marvel’s “Avengers: Infinity War” and Netflix’s “Eurovision Song Contest: The Story of Fire Saga.”

 

“We’ve been fortunate with the demand and are currently incredibly busy,” says Last, who adds that FirstStage offers a unique “scale of building and imagination” formerly reserved for London facilities. “Historically, productions conventionally did location work elsewhere but returned to London for studio work. Now it’s a logical option to look at the U.K. as a whole if you want to shoot something ambitious.”

 

Conveniently uniting state-of-the-art studio facilities with easy access to locations has also proved a great strategy to Andrew Reid, chief content officer at Northern Ireland Screen. “We have been very fortunate that when large-scale productions come to Northern Ireland, they use the country as a whole to the best. One of our main pitches is that you can be on a stage in the morning and the beach in the afternoon,” says Reid.

 

Reid oversees Northern Ireland’s three leading studio facilities, Belfast Harbour Studios, Loop Studios and Titanic Studios. Recent projects filmed in Northern Ireland include BBC/Showtime’s “The Woman in the Wall,” Paramount Pictures’ “Dungeons and Dragons” and Universal’s upcoming live-action adaptation of “How to Train Your Dragon,” which is currently filming at Titanic Studios.

 

When looking at current demand, Reid observes that “streamers and U.S. studios are still dealing with 2023 and productions meant to wrap in the past year,” adding that while their studios are not seeing “a floodgate opening just yet,” there is hope for productions to pick back up, albeit a bit later in the year.

 

Location-wise, the U.K. has also seen an increase in local cities doubling for international capitals. Director Jon S. Baird turned Aberdeen into Cold War Russia for Apple TV+’s “Tetris,” while Warner Bros. subbed Liverpool and Glasgow for “The Batman’s” Gotham.

 

Veteran Scottish line producer Wendy Griffin, whose credits include “The Lost King” and “Limbo,” fondly recalls shooting Warner Bros.’ “Batgirl” in Glasgow. “Shooting in Glasgow allowed the directors to do things they would have never been allowed to do elsewhere. We closed down streets and had a fire truck shooting fires six meters above.

 

“It’s really sad how it all turned out,” Griffin says of the film’s shelved release. “But at the same time, Warner Bros. demonstrated an interest in bringing a lot more productions to Glasgow. This could cause an industry boom because they employed a huge number of people while shooting here.”

 

Not only are studios across the U.K. becoming more diverse in terms of location, but major production facilities are making strides to better accommodate crews. In 2020, the Wonder Works became the first nursery dedicated to the film and TV production sector to operate from a major U.K. studio, based at Warner Bros. Studios Leavesden Park.

 

The Wonder Works’ director and co-founder Charlotte Riley, an actor whose credits include “Peaky Blinders” and “Edge of Tomorrow,” claimed the idea for the company came from her first-hand experience with how difficult it was for crew members to return to work after having a child.

 

“In the U.K., we have huge amounts of investment in grassroots talent, but the problem is that, when people reach an age when they want to form a family, we lose that talent. The experienced people leave the industry and you end up with sets entirely made up of crew working those positions for the first time. We need experienced people to stay in the industry and mentor those who are coming through,” she says.

 

Perahia has also seen an increase in studio facilities taking into account the physical and mental well-being of crews. “There has been a noticeable change in attitude. Productions themselves are actively providing nursing rooms in their bases and offices for mothers who are returning to work. Wolf Studios in Cardiff offers quiet rooms and other studios have opened dedicated green spaces and mental health resources.

 

“At BFC,” she continues, “we’ve been working with an organization called Soulless Mind, donating confidential counselling sessions for client productions. The productions will then often take it on themselves to carry on for future productions.”

 

Regarding the U.K.’s competitiveness on an international level, Perahia believes the country remains a leading force in the biz due to a combination of “a wonderful landscape, sophisticated crew base, great studio space across all four nations and what is considered by our clients to be the most user-friendly, transparent and accessible tax release.”

 

Perahia notes that “we have been proactively partnering with European jurisdictions since we left the E.U. As a filmmaking nation, we are exponentially more valuable if we make it easier for big productions to use the U.K. as a hub and then jump off and work in other parts of Europe. We look at those parts of Europe not just as competitors, but as opportunities for partnership, and we made really positive strides in that regard.”

 

With the consensus that the U.K. currently offers an adequate provision of studio space, one issue lingers in the mind of executives in the area: oversupply. “If all the studio spaces planned come to fruition, then we will have too much. It is a delicate balance to ensure a steady stream of work without causing too much scarcity and having projects cannibalizing each other,” warns Reid.

 

Perahia echoes the sentiment: “We need to keep a very close eye on not oversaturating. We have studios that we did not have previously, so we’re in a really good place when it comes to studio availability, but we need to remain vigilant.”

 

 

Read More

 

— Variety

Categories
Business Culture Economics Government Lifestyle Local News Perspectives Regulations & Security

NJ’s Project Labor Agreements discriminate against minority businesses and workers

By John E. Harmon Sr.
For USA Today

— In 2024, during Black History Month, the African American Chamber of Commerce is shining a spotlight on the racial disparities in New Jersey’s government procurement process.

New Jersey Statehouse rotunda. — Credits: Danielle P.

 

Recently, the Murphy Administration released a study that showed a “statistically significant disparity” when it comes to public contracts awarded to minority businesses.

 

In fact, according to the study, minority — African American businesses received less than half of 1% of $18.5 billion dollars the state awarded to contractors. A prime example of the disparity: Minority owned businesses represented 9.19% of the available construction businesses but received only 0.14% of the dollars on construction contracts valued from $65,000 to $5,710,000.

 

New Jersey has to fix its Project Labor Agreement policy

The release of the data contained in the Disparity Study helps to move stakeholders and the administration forward to find solutions. However, significant obstacles remain in the fairness of the state procurement process for minority- and women-owned businesses; the state’s Project Labor Agreement, or PLA, requirements, which inherently discriminate against non-union enterprises.

 

Since 2002, the State of New Jersey has allowed discriminatory PLAs to be placed on any public works contract over $5 million. PLAs discriminate against workers who are non-union, which is more than 78% of the construction workforce in the state. And an overwhelming 98% of all African American and Hispanic construction companies are non-union. Furthermore, at $5 million, New Jersey has the lowest threshold for PLAs for state works of any state in the country, meaning there are fewer and less lucrative projects for non-union and minority firms to bid on.

 

PLAs also come at a huge cost to New Jersey taxpayers. The most recent study conducted by the New Jersey Department of Labor and Workforce Development found that PLA projects costs were 30.5% higher than all non-PLA projects and they had a longer duration by approximately 22 weeks. Over 10 years have passed since this study was prepared, and not a single body or association has refuted the analyses and conclusions.

 

Unfortunately, some unions are pressuring local towns, such as Parsippany, Montclair and Brick, into passing ordinances to require PLAs on all public works projects in their municipalities and school districts. These ordinances are being passed with little input or knowledge to taxpayers, who will ultimately pay for artificially inflated construction costs contained in the PLAs. Despite false assurances from union officials with a vested interest in these discriminatory schemes, PLAs have been proven to be an expensive and deceptive practice that hurt taxpayers and discriminate against local and minority workers.

 

For example, last April, the New Jersey Superior Court Appellate Division ruled that the Delaware Joint Toll Bridge Commission “violated its fiduciary and legal duties” because it required a PLA for its project that resulted in just one bid at $69 million, or roughly 20% more than the estimated project cost. This is just one instance that shows how PLAs exclude qualified contractors and raise costs considerably for taxpayers.

New Jersey policy cannot discriminate a majority of its workers

If the Legislature is looking for solutions, they need to search no further. To ensure more of our public works contracts are afforded to minority- and women-owned businesses, New Jersey needs to increase the threshold from $5 million to $35 million so that our state is in alignment with the federal contracting levels as recently stipulated by President Joe Biden. The current PLA requirements discriminate against the majority of New Jersey’s workers and only benefits the union special interests.

 

Ensuring that taxpayer-funded construction projects are open to all workers who are paying for these projects with their own tax dollars is what is fair and equitable. Equal access to public works projects is the only way to ensure fair and equitable change for our state’s minority- and women-owned construction businesses.

 

 

— John E. Harmon Sr., IOM, founder, president and chief executive officer, African American Chamber of Commerce of New Jersey.

 

— Special to the USA TODAY Network

Categories
Business Economics Healthcare Lifestyle Programs & Events Science

Cell therapy company Tevogen Bio Holdings Inc. (Nasdaq: TVGN) rings opening bell at Nasdaq Exchange on Feb. 15, begins public trading on the open market

WARREN, N.J. — (BUSINESS WIRE) — Tevogen Bio Holdings Inc. (‘Tevogen Bio’) (Nasdaq: TVGN) celebrated commencement of its public trading by ringing the opening bell at the Nasdaq Stock Exchange in Times Square, New York, on Feb. 15, 2024.

 

This major milestone underscored the company’s commitment to its valued shareholders and its mission to develop commercially attractive, affordable, genetically unmodified off-the-shelf T cell therapies for large patient populations in virology, oncology, and neurology.

“We are deeply honored to become part of the Nasdaq family, a significant milestone that highlighted the commitment and dedication of our team,” remarked Ryan Saadi, MD, MPH, Chief Executive Officer of Tevogen Bio.

 

“This event not only reconfirmed company’s growth strategy but also reinforced our commitment to our mission. As we embark on this new chapter, we look forward to contributing to the market’s vibrancy and delivering value to our shareholders and patients.”

 

About Tevogen Bio

Tevogen Bio is a clinical-stage specialty immunotherapy company harnessing one of nature’s most powerful immunological weapons, CD8+ cytotoxic T lymphocytes, to develop off-the-shelf, genetically unmodified precision T cell therapies for the treatment of infectious diseases, cancers, and neurological disorders, aiming to address the significant unmet needs of large patient populations. Tevogen Leadership believes that sustainability and commercial success in the current era of healthcare rely on ensuring patient accessibility through advanced science and innovative business models. Tevogen has reported positive safety data from its proof-of-concept clinical trial, and its key intellectual property assets are wholly owned by the company, not subject to any third-party licensing agreements. These assets include three granted patents and twelve pending patents, two of which are related to artificial intelligence.

 

Tevogen Bio is driven by a team of highly experienced industry leaders and distinguished scientists with drug development and global product launch experience. Tevogen Bio’s leadership believes that accessible personalized therapeutics are the next frontier of medicine, and that disruptive business models are required to sustain medical innovation.

 

Forward-Looking Statements

This press release contains certain statements that are not historical facts and are forward-looking statements within the meaning of the federal securities laws, including without limitation statements regarding the anticipated benefits of the recent business combination with Semper Paratus Acquisition Corporation (the “Business Combination”), the future financial condition and performance of Tevogen Bio, and the product candidates, products, markets, and expected future performance and market opportunities of Tevogen Bio. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “think,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “seeks,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.

 

Factors that could cause actual future events to differ materially from the forward-looking statements in this communication include without limitation: (i) the effect of the announcement of the Business Combination on Tevogen Bio’s business relationships, operating results, and business generally; (ii) the outcome of any legal proceedings that may be instituted against Tevogen Bio related to the Merger Agreement or the Business Combination ; (iii) changes in the markets in which Tevogen Bio competes, including with respect to its competitive landscape, technology evolution, or regulatory changes; (iv) changes in domestic and global general economic conditions; (v) risk that Tevogen Bio may not be able to execute its growth strategies or may experience difficulties in managing its growth and expanding operations; (vi) risk that Tevogen Bio may not be able to develop and maintain effective internal controls; (vii) costs related to the Business Combination and the failure to realize anticipated benefits of the Business Combination or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder redemptions; (viii) the failure to recognize the anticipated benefits of the Business Combination and to achieve Tevogen Bio’s commercialization and development plans, and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of Tevogen Bio to grow and manage growth economically and hire and retain key employees; (ix) the risk that Tevogen Bio may fail to keep pace with rapid technological developments to provide new and innovative products and services or make substantial investments in unsuccessful new products and services; (x) the ability to develop, license or acquire new therapeutics; (xi) the risk that Tevogen Bio will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xii) the risk of product liability or regulatory lawsuits or proceedings relating to Tevogen Bio’s business; (xiii) uncertainties inherent in the execution, cost, and completion of preclinical studies and clinical trials; risks related to regulatory review, and approval and commercial development; (xiv) risks associated with intellectual property protection; (xv) Tevogen Bio’s limited operating history; and (xvi) those factors discussed in Tevogen Bio’s filings with the SEC and that that are contained in the Proxy Statement/Prospectus relating to the Business Combination.

 

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Proxy Statement/Prospectus and other documents to be filed by Tevogen Bio from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while Tevogen Bio may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Contacts

Tevogen Communications

T: 1 877 TEVOGEN, Ext 701

communications@Tevogen.com

Categories
Business Foodies/Tastylicious Lifestyle Special/Sponsored Content

Eat a Sub: Be a Valerie Fund Hero

Jersey Mike’s Celebrates 14th Annual “Month of Giving”

 

MAPLEWOOD, N.J. — (BUSINESS WIRE) — #becauseofvalerieThe Valerie Fund is joining forces with over 130 Jersey Mike’s Subs across the entire state of New Jersey for the 14th Annual March “Month of Giving” campaign to support local charities.

 

During the month of March, customers will have the option to round up their purchase to the nearest dollar or donate $1, $3, or $5 when placing their order.

The Month of Giving campaign will culminate with Jersey Mike’s “Day of Giving” on Wednesday, March 27, when local Jersey Mike’s restaurants will give 100 percent of the day’s sales – not just profit – to The Valerie Fund.

 

“We are deeply honored and immensely grateful to be chosen again as Jersey Mike’s charity partner for their Month of Giving campaign. The support from Jersey Mike’s has been tremendous. It is not just a partnership; it’s a heartfelt commitment of support for The Valerie Fund’s mission of providing critical psychosocial care to children with cancer and blood disorders, supporting the entire family at a hospital close to home,” said Barry Kirschner, Executive Director of The Valerie Fund. “This support will go a long way to helping The Valerie Fund meet the needs of the over 6,000 children who come through our eight centers every year.”

 

On Day of Giving, local Jersey Mike’s owners and operators throughout the country will donate their resources and every single dollar that comes in – whether in-store, online or through the app – to more than 200 different charities including hospitals, youth organizations, food banks and more. This March, Jersey Mike’s hopes to exceed last year’s record-breaking national fundraising total of $21 million and help local charities striving to fulfill their missions and make a difference.

 

“I would like to extend a personal invitation to you and your family to visit Jersey Mike’s Subs throughout the month of March, and especially on Day of Giving when 100 percent of sales – every penny – goes to help a great local cause,” said Peter Cancro, Jersey Mike’s founder and CEO, who started the company when he was only 17 years old.

 

Since Month of Giving began in 2011, Jersey Mike’s has raised more than $88 million for local charities. For a list of restaurants in your area, please visit our charity listing by state.

 

About Jersey Mike’s

Jersey Mike’s Subs, with more than 2,500 locations nationwide, serves authentic fresh sliced/fresh grilled subs on in-store freshly baked bread – the same recipe it started with in 1956. Passion for giving in Jersey Mike’s local communities is reflected in its mission statement “Giving…making a difference in someone’s life.” For more information, please visit jerseymikes.com or follow us on Facebook (facebook.com/jerseymikes), Instagram (instagram.com/jerseymikes), TikTok (tiktok.com/@jerseymikes) and X (formerly Twitter) (twitter.com/jerseymikes). Join in the conversation at #JerseyMikesGives.

 

ABOUT THE VALERIE FUND: After their nine-year-old daughter Valerie succumbed to cancer in 1976, Sue and Ed Goldstein were determined that no family should have to travel great distances to receive superior medical care. Along with a group of close friends, they began fundraising efforts from their living room – tireless work that would lead to the 1977 opening of New Jersey’s first pediatric oncology facility at Summit’s Overlook Hospital. Forty-five years later, The Valerie Fund’s mission remains that of supporting comprehensive health care for children battling cancer and blood disorders.

Contacts

Bunny Flanders

The Valerie Fund

973-761-0422 ext. 14

www.TheValerieFund.org

Categories
Business Culture Economics Entertainment News International & World Lifestyle Perspectives Programs & Events

African cinema set to shine at Berlin Film Festival, but continent’s moviemakers insist ‘there’s always room for more’

Africa’s growing screen industries are making their mark on the global stage, with three titles in the main competition at this year’s Berlin Film Festival, but how to unlock the continent’s still-untapped potential was a question on the minds of many at a conference hosted on Saturday by the European Film Market.

Tyler Ricketts (l.) and Carmen Thompson (Courtesy of Christopher Vourlias)

 

A partnership between EFM and Prudence Kolong’s Stockholm-based consulting firm Yanibes, AfroBerlin was launched to give a platform to filmmakers from Africa and the diaspora and “to find a place where they can share stories and experiences and be heard,” said Kolong, who also organizes the Cannes Film Festival’s AfroCannes industry showcase.

 

The event brought together industry professionals from the continent with their counterparts in Europe and beyond, underscoring the ways in which the often-marginalized African screen industries have elevated their international profile. “When we’re talking about the global film market…we are part of the discussion,” Kolong said. “People are thirsty to know more about African stories.”

 

This year marks an auspicious Berlinale for filmmakers from the continent, with veteran Mauritanian-Malian auteur Abderrahmane Sissako’s “Black Tea” and French-Senegalese director Mati Diop’s “Dahomey” both bowing in the main competition, alongside Nelson Carlos De Los Santos Arias’s “Pepe,” a co-production between the Dominican Republic, Namibia and Germany. The jury, meanwhile, is headed by actor Lupita Nyong’o, who was raised in Kenya and whose ascent to A-list status in Hollywood is a source of pride and inspiration for many up-and-coming African talents.

 

The day’s sessions — wide-ranging, spirited, at times fractious — highlighted both the dynamism of film and TV production in Africa and its diaspora, as well as the challenges filmmakers face at a time when global crises and shifting economic headwinds have rattled screen industries worldwide.

Mati Diop’s “Dahomey” is competing for the Golden Bear in Berlin. Courtesy of Berlin Film Festival

 

“Financing is a problem. Because we don’t have the infrastructure as such on the continent. We don’t have the funding bodies you have in Europe and the Americas,” said Jacqueline Nsiah, a member of the selection committee for the festival’s competitive Encounters strand, who appeared in conversation with Berlinale executive director Mariëtte Rissenbeck and Neom’s managing director of media industries, entertainment and culture, Wayne Borg.

 

“The biggest challenge is to find a way to create networks to create funding opportunities on the continent,” she continued. “Producers are trying to find ways to tap into private investors, private companies. And I think that needs to happen more.”

 

In recent years, the panacea for many African creators has been an uptick in commissioning spend from global streaming platforms, though that optimism has dimmed in light of Amazon’s decision last month to press pause on its original content production on the continent, and broader questions about whether streaming giants are fully committed to Africa.

 

Borg, however, stressed that “there’s a lot of movement the other way” into the region, adding that his growing Saudi Arabian production powerhouse is “keen to engage more with the African industry.”

 

“For us, the African market, the Indian market, are equally important to us. What we’re keen to do is to create the right recipe, the right ingredients, to do that,” he said. “We’re open for business.”

 

Crossing borders

Africa’s diaspora community was out in full force on Saturday, reflecting on the multiplicity of cultures and backgrounds that shaped them; the term “Afropean” — a mélange of African and European identities — was adopted by several of the speakers, while others represented the wider diaspora in Latin America, the Caribbean and the U.S.

 

“To be an African is not to belong to a so-called country,” said Welket Bungué, a multi-hyphenate of Bissau-Guinean and Portuguese descent who’s based in Berlin. “We can be simultaneous. We don’t have to be one thing or another.”

Abderrahmane Sissako is competing at this year’s Berlinale with “Black Tea.”“Black Tea” (© Olivier Marceny, Cinefrance Studios, Archipel 35, Dune Vision)

 

For many young Africans — whether the children of immigrant parents in Europe and the U.S. or the consumers of global content on African soil — the old borders no longer apply. The growth of the continent’s screen industries is likely to reflect that trend: While Neom’s Borg made a strong pitch for the Saudi biz — which, with financing tools such as the Red Sea Film Fund, is fast becoming a key player in the African market — Saturday’s conference also made the case that there’s room for more trans-Atlantic collaboration between countries in the global South.

 

Luiz Toledo of Brazil’s Spcine, the city of São Paulo’s film and TV body, which signed a co-production agreement with South Africa’s National Film and Video Foundation last year, underscored that Brazil is home to the second-largest Black population on the planet — making it ripe for co-productions and other collaborations with African partners.

 

Throughout the day, speakers highlighted the need for African creators to seize control of their own narratives. “In order to tell our story properly, three-dimensional, with an impact…we need to be in power positions at every step of the process,” said Tyron Ricketts, one of Germany’s most successful Black actors, who produced the series “Sam — a Saxon” for Disney Plus through his Panthertainment label.

 

What that looks like, the world is only beginning to find out. Africa is yet to produce a paradigm-shifting movie or series on the level of South Korea’s “Squid Game,” but Editi Effiong’s revenge thriller “The Black Book” became the first-ever Nigerian film last year to reach #3 on Netflix’s worldwide film charts, breaking the streamer’s Top 10 list in more than 69 countries.

 

“There’s nothing to say that content from the African continent, from the Middle East, shouldn’t find a global audience. Great stories will travel,” said Neom’s Borg. Despite the strong African representation at this year’s Berlinale, Nsiah insisted: “There’s always room for more.”

 

 

Read More

 

— Variety