cash – Ken May

MoviePass adds 500,000 subscribers within a month

MoviePass’ $10-per-month subscription service was a hit from the start, enough to crash the company’s website when it was first announced. It looks like demand isn’t slowing down anytime soon either: it has gained 500, 000 more subscribers merely a month after it reached 1.5 million users. The fact that MoviePass cut off members’ access to some popular AMC theaters had little effect, if any. It’s easy to see why 2 million would sign up: for 10 bucks a month — an ongoing promo even cuts the price down to $7.95 — they’re entitled to see one 2D film a day, every day, without paying extra. In 2017, members bought $110 million worth of tickets and generated an additional $146 million in ticket sales by bringing non-members to showings. MoviePass chief Mitch Lowe said in a statement: “We’re giving people a reason to go back to the movie theaters, and they’re going in droves. With awards season here, we hope we can make Hollywood and exhibitors very happy by filling seats with eager audiences.” As Bloomberg said, though, all these new users are both a blessing and a curse to the company. Every time a member watches a movie, the service pays for that subscriber’s ticket at full price. It loses money for every member that watches two movies a month, and its accountants apparently already warned the company that its system might not be viable in the long run. AMC shares the same sentiment and once called the business model unsustainable. It’s like turning “lead into gold, ” the theater chain said in a statement last year. So, how does MoviePass plan to make money if subscribers aren’t bringing in the cash? It’s hoping to sell ads, merchandise and data on moviegoers’ habits, as well as to get a cut of theaters’ refreshment sales as they go up from all the viewers it brings to cinemas. The company is also hoping to convince theater chains to sell it tickets for its members at a discounted rate. It’s unclear if MoviePass is already making headway with those plans, but when it dropped several AMC locations from its list, it said that the theaters it works with is subject to change as it “continue[s] to strive for mutually-beneficial relationships with” them. AMC chief Adam Aron has been quite a vocal critic of the service and already proclaimed that the chain has no intention of sharing its admissions or concessions revenue. Source: Bloomberg , Variety

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MoviePass adds 500,000 subscribers within a month

Five Major Credit Cards Are Now Blocking Cryptocurrency Purchases

An anonymous reader quotes CNBC: J.P. Morgan Chase, Bank of America and Citigroup said Friday they are no longer allowing customers to buy cryptocurrencies using credit cards. “At this time, we are not processing cryptocurrency purchases using credit cards, due to the volatility and risk involved, ” a J.P. Morgan Chase spokesperson said in a statement to CNBC. “We will review the issue as the market evolves.” A Bank of America spokesperson also said in an email that the bank has decided to decline credit card purchases of cryptocurrencies. Citigroup said in a statement that it has “made the decision to no longer permit credit card purchases of cryptocurrency. We will continue to review our policy as this market evolves.” Earlier in January, Capital One Financial said it has decided to ban cryptocurrency purchases with its cards. Discover Financial Services has effectively prohibited cryptocurrency purchases with its credit cards since 2015. Read more of this story at Slashdot.

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Five Major Credit Cards Are Now Blocking Cryptocurrency Purchases

Zero’s latest electric motorcycles can recharge in an hour

Zero Motorcycles’ electric bikes can be fun to ride , but recharging is another matter entirely. It’s tough to wait hours when all you want to do is go back on the open road. That shouldn’t be such a problem with the company’s just-introduced 2018 models. If you use a 6kW Charge Tank accessory with the newest Zero S, SR, DS and DSR, you can charge up to six times faster — as little as an hour for the S or DS ZF7.2 when you plug into an ordinary Level 1 outlet. Models with larger batteries can still top up in two hours if you use a Level 2 EV charger. Neither charging rate is as speedy as filling a gas tank, of course, but they’re fast enough that you could come home with a low battery and head out again after dinner. The new e-motorbikes should be more exciting rides, too. If you have the ZF7.2 power pack, you should get 11 percent more rear-wheel torque. The powertrains, meanwhile, have been tweaked to supply up to 30 percent more power and torque. Combine these with up to 10 percent added range on the ZF7.2 and ZF14.4 batteries (up to 223 miles) and you should have an easier time overtaking big rigs on the highway. There’s also an improvement in an unexpected area: your phone. You can now update your bike’s firmware through Zero’s mobile app, so you can improve your performance while sitting in your own garage. Prices for the bikes are the same as the 2017 models, which starts at $8, 495 for a Zero FX and culminates at $16, 495 for the SR and DSR models. Be ready to pay extra if you want that vaunted fast charging, though: the Charge Tank will cost you an extra $2, 295. That could make sense if you ride almost constantly, but you may want to save your cash if your bike only comes out for the daily commute. Via: CleanTechnica Source: Zero Motorcycles

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Zero’s latest electric motorcycles can recharge in an hour

‘Cowboy Bebop’ director made a ‘Blade Runner’ animated short

Over 35 years since Blade Runner came out, its sequel is almost upon us. Blade Runner: 2049 hits theaters in less than a month. And (depending on who you ask) it’s either been too long a wait, or it should never have seen the light of day. For anyone still on the fence, the film’s marketing blitz is on hand to help part you from your cash. We’ve seen trailers , a VR tie-in , and a short prequel featuring Jared Leto’s impeccable beard. Just in the last 24 hours, a new promo starring Dave Bautista has hit the web, along with another (more exciting) teaser: Sony Pictures just unveiled a new anime spinoff for the upcoming film. Blade Runner Black Out 2022, as it’s known, will be directed by none other than Shinichiro Watanabe. For all those out of the loop, he’s the legend behind Cowboy Bebop and Samurai Champloo . As you can tell by its title, the anime short will serve as a prequel to the upcoming film, with the action taking place during a power outage, according to NetLab . The brief video above also offers a closer look at its test animation, concept art, and some actual footage. “The work that has influenced me the most in my anime profession would be, of course, Blade Runner , ” says Watanabe in the video. That’s high praise. But, Ridley Scott’s sci-fi classic left its imprint all over pop culture, so it’s no surprise its reach extends to Japanese animation. Anime studio Cygames Pictures is producing the short, and Shukou Murase ( Halo Legends , Mobile Suit Gundam Wing ) is on hand as character designer and animation director. Plus, electronic mastermind Flying Lotus will be in charge of the score. You can watch Blade Runner Black Out 2022 in full on the Sony Pictures Japan YouTube channel on September 26th. Source: Sony Pictures Japan (YouTube)

Bitcoin Plummets Below $3,000 on Rising China Worries

Bitcoin dropped below $3, 000 on Friday as the cryptocurrency extended a brutal eight-day sell-off that has reduced its value against the dollar by a third. Financial Times reports: The currency traded as low as $2, 972, marking a 36 per cent fall from bitcoin’s close on September 7, and a collapse of 40 per cent from the highs struck earlier this month. The latest bout of selling came after BTCChina, one of the country’s biggest bitcoin exchanges, said it would halt trading at the end of the month. Focus has now shifted to the communist country’s other two big exchanges: OKCoin and Huobi. Alternative source. Read more of this story at Slashdot.

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Bitcoin Plummets Below $3,000 on Rising China Worries

Bitcoin Circulation Hits Record High Of $14 Billion

Bitcoin, the digital currency that most people have never actually used, has hit a record value of $14 billion after jumping 5 percent on Thursday. From a report on The Guardian: The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014, putting the cryptocurrency on track for its best daily performance in six months. That compared with levels around $435 at the start of the year, with many experts linking bitcoin’s rise with the steady depreciation of the Chinese yuan, which has slid almost 7% in 2016. Data shows the majority of bitcoin trading is done in China, so any increase in demand from there tends to have a significant impact on the price. Read more of this story at Slashdot.

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Bitcoin Circulation Hits Record High Of $14 Billion

Samsung 960 Pro review: The fastest consumer SSD you can buy

(credit: Edward Chester) The all new Samsung 960 Pro, released today, is the follow up to last year’s 950 Pro . It offers the same core set of features, with an M.2 form factor , four-lane PCIe 3.0 interface, NVMe communication standard, and 3D V-NAND. But the 960 Pro isn’t just a minor spec bump. Samsung has seriously cranked up the speed (and capacities) of its flagship drives to the point where such ludicrous performance may be lost on all but the most demanding of users. These are some seriously hardcore SSDs. Where the 950 Pro was available in just 256GB and 512GB versions, the 960 Pro starts at 512GB, with 1TB and 2TB versions also available. For the first time, you can reasonably consider replacing an entire array of spinner hard drives or even 2.5-inch SATA SSDs with these things—so long as you’ve got the cash, of course. With a 256GB starting capacity, Samsung was able to offer the speed, longevity, and warranty of the 950 Pro to those only able to budget £170 ($199) for an SSD. But with the 960 Pro starting at $329 for the 512GB model (probably ~£330), rising to $629 for 1TB, and an eye-watering $1,299 for 2TB, you’ll need to save some extra pennies to buy one, or wait it out for the Evo drives Samsung is launching later this year. Although a marked step down from the Pro range in some regards, the Evos are in theory faster than the 950 Pro drives for less money (thanks to using cheaper and more tightly packed TLC V-NAND). The 250GB will cost just $129 (~£130), 500GB will be $249 and 1TB will cost $470. There won’t be a 2TB version of the 960 Evo. Read 35 remaining paragraphs | Comments

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Samsung 960 Pro review: The fastest consumer SSD you can buy

Thieves find an even more insidious way to swipe your PIN

The secret service has issued a warning to banks and ATM companies about a new way that thieves can steal your credit card information . A report from Krebs on Security explains that “periscope” skimmers have been found inside teller machines in Connecticut and Pennsylvania in the last two months. Of course, since the devices attach to the internal mechanism, there’s absolutely no way for an end user to tell if they’re at risk. The report explains that ATMs with openable lids are the most at risk, since nefarious types can easily gain access inside. The “periscope” probe is installed in a pre-existing hole in the card reader to skim the magnetic stripe, while the other end contains a battery and storage unit. It’s believed that the device can store up to 32, 000 numbers and will last 14 days on a charge. What the gear can’t do, however, is harvest PINs, so it’s theorized that these devices were tests in preparation for a bigger heist. Krebs goes on to add that putting your hand over the cash dispenser’s number pad will defeat a large proportion of scammers with skimmers. Thieves who use pin-pad overlays — fake buttons over the real thing — are relatively rare because the hardware is expensive to reproduce. Krebs also advises users to avoid, wherever possible, standalone ATMs where the lid is easily accessible. Instead, people should favor cashpoints that are mounted in the wall, like those outside banks, and in well-lit areas. Source: Krebs on Security

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Thieves find an even more insidious way to swipe your PIN

Hidden FBI Microphones Exposed In California

An anonymous reader writes: “Federal agents are planting microphones to secretly record conversations, ” reports CBS Local, noting that for 10 months starting in 2010, FBI agents hid microphones inside light fixtures, and also at a bus stop outside the Oakland Courthouse, to record conversations without a warrant. “They put microphones under rocks, they put microphones in trees, they plant microphones in equipment, ” a security analyst and former FBI special agent told CBS Local. “I mean, there’s microphones that are planted in places that people don’t think about, because thats the intent!” Federal authorities are currently investigating fraud and bid-rigging charges against a group of real estate investors, and the secret recordings came to light when they were submitted as evidence. “Private communication in a public place qualifies as a protected ‘oral communication’…” says one of the investor’s lawyers, “and therefore may not be intercepted without judicial authorization.” Read more of this story at Slashdot.

Kodak is giving free film to Kickstarter directors

Crowdfunded filmmakers will be able to shoot on film for a lot less money thanks to a partnership between Kodak and Kickstarter. Kodak says it will provide free 35mm or Super 16mm film stock for select projects, up to a total of around $20, 000 for 35mm film, depending on the total budget. Beyond that, the company will provide discounted film and mentoring for packaging, financing and sales strategies. The choice of filmmakers appears to be at Kodak’s discretion, but so far the company has picked several Kickstarter productions that will launch this spring. Kickstarter has successfully funded 20, 000 productions totalling $330 million so far, though it didn’t say which were shot on film. The platform has garnered a lot of bad publicity in the past by funding large projects like Veronica Mars and Zach Braff’s Wish I Was Here , since the well-known producers probably could have raised the cash elsewhere. On the other hand, it’s an excellent platform for up-and-coming filmmakers, and has helped get Oscar-nominated projects with very small budgets off the ground. Kodak VP Anne Hubbell says that “Kodak understands that artists working at all budget levels strive to tell their stories with the unique quality and emotion that film provides.” The company points out that footage can be purchased by Kickstarter producers in eighteen countries, including the US, UK, France and Canada. Kodak’s situation is a lot more secure in the film industry since it struck a deal with Hollywood to supply film for the foreseeable future. DarkFall, a Kickstarter film backed by Kodak However, it’s equally likely that many young, inexperienced directors would rather shoot digital, given advantages like speed and the ability to easily review takes. As we have pointed out , the costs of shooting on film go way beyond the stock itself. Filmmakers also need to consider processing and transferring footage to a format that can be edited, color corrected and converted to a final screening format. That, combined with the lower sensitivity of film compared to digital cameras (which necessitates more complex lighting) means that the total budget will likely still be higher, even with the film thrown in. That said, it’s always good to have choices, so if it’s an aesthetic that a director absolutely can’t live without, good old celluloid is now a much more feasible option. Source: Kodak

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Kodak is giving free film to Kickstarter directors