Feature

Good day, Bad day

Mixed media, Minding the Gulf

GOOD DAY FOR: Mixed media, after state-owned Abu Dhabi Media Co., which owns media assets such as Holy Quran Radio, is starting a $1 billion Hollywood production company that will invest in up to eight movies a year. The new company, Imagenation Abu Dhabi, is stepping in after other sources of Hollywood funding dried up in the credit crunch. (Bloomberg)

BAD DAY FOR: Minding the Gulf, after U.S. residential and commercial insurance claims from Hurricane Gustav were estimated at between $4 billion and $10 billion. The storm was less destructive than feared, though, and much less expensive than Hurricane Katrina, which cost insurers $41 billion. (AP in Yahoo! Finance)

Recommended

Will Apple's $3,500 VR headset take off?
Vision Pro headset
Today's big question

Will Apple's $3,500 VR headset take off?

Why is Riyadh going it alone on oil cuts?
An illustrated image of oil rigs and oil barrels
Today's big question

Why is Riyadh going it alone on oil cuts?

Jamie Dimon 2024?
Jamie Dimon on Capitol Hill
Profile

Jamie Dimon 2024?

MoviePass stages a Hollywood comeback
MoviePass illustration
Briefing

MoviePass stages a Hollywood comeback

Most Popular

What is Mike Pence thinking?
Former Vice President Mike Pence on a motorcycle
Talking point

What is Mike Pence thinking?

Ban the Bible?
Holy Bible.
Briefing

Ban the Bible?

Actors union votes to authorize strike
A writers strike picket line outside Sony Studios in Culver City
strike two?

Actors union votes to authorize strike