Fear and loathing in Hollywood at streamers’ stranglehold

Cate Blanchett. (AP)
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Updated 08 September 2020
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Fear and loathing in Hollywood at streamers’ stranglehold

  • Several expressed unease at the dominance streamers established during the pandemic at the Venice film festival

VENICE: Hollywood stars and top directors are getting increasingly anxious about the hold streaming giants Netflix and Amazon are exerting over cinema.

Several expressed unease at the dominance streamers established during the pandemic at the Venice film festival — the first major industry gathering since the coronavirus struck. With many cinemas still closed and studios wary of releasing movies with social distancing in force, the two big US giants have virtually had the film-going public to themselves.

Oscar-winner Cate Blanchett, who is chairing the jury at Venice, said cinema needed support and warned it could be tricky “moving from a monoculture of streaming over the last six months to how we open cinemas.

“I think it will be a very important conversation to have. It’s a global issue,” said the actress, who admitted spending lockdown watching animated movies by the Japanese master Hayao Miyazaki with her family.

Legendary Spanish director Pedro Almodovar, who has argued for the regulation of all-powerful tech firms, painted a grim future where towns and cities could lose their cultural hearts, with cinemas and theaters going dark.

“The platforms have had an essential role in this period, but it’s nevertheless also negative and reason for concern,” he told reporters.

He pleaded for a return to shared experience, saying cinemas and theaters were the antidote to the “forced reclusion and imprisonment.”

“The Greeks talk of catharsis, so you find yourself crying or rejoicing with other people you don’t know, and it’s essential in our lives as humans,” Almodovar said. “If a film of mine is shown in a cinema I can hear the audience breathe, it gives me the pulse of to what extent my film excites people.

“If I put my film on a platform like Netflix, I lose that contact with the spectator,” Almodovar said.

Even those who have embraced the streamers, like Venice’s departing director Alberto Barbera — who premiered three Netflix films including “Marriage Story” last year — now have reservations.

“We are tired of seeing films in streaming,” he told AFP.

“Watching them online helped us get through the lockdown, but we cannot lose the experiences of seeing them on a big screen,” he said. But “one of the consequences of confinement is that the streamers now have enormous sway,” Barbera added.

Rising American director Gia Coppola, whose sharp new satire on online culture, “Mainstream,” is showing at Venice, told AFP that lockdowns may have only hastened the inevitable.


Asharq Business with Bloomberg, Nasdaq to bring real-time US equities data to MENA

Updated 13 January 2026
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Asharq Business with Bloomberg, Nasdaq to bring real-time US equities data to MENA

  • Nasdaq to deliver exclusive real-time US equities market data
  • Real-time updates fully integrated into Asharq Business’ data infrastructure and available across all platforms

RIYADH: Asharq Business with Bloomberg, the region’s leading business and financial news multi-platform channel, announced Tuesday a strategic three-year collaboration with Nasdaq, to deliver exclusive real-time US equities market data and updates to investors and decision-makers across the Middle East. 

Through access to Nasdaq’s official data product, Nasdaq Last Sale (NLS), Asharq Business with Bloomberg will receive real-time last-sale trade updates and calculated insights across major US exchanges directly from the Nasdaq Market Center. The collaboration strengthens market transparency, enhances data-driven storytelling, and provides audiences and partners with deeper insight into global financial activity. 

With a rapidly growing investor base in the region — and with Nasdaq serving as a primary destination for many Arab and regional investors — Asharq Business with Bloomberg reinforces its mission to deliver timely, accurate, and exclusive financial updates by integrating NLS data into its digital platforms, live markets coverage, and broader data ecosystem. 

Leveraging its partnership with Bloomberg Media — which grants access to reporting from over 2,700 journalists and analysts worldwide — Asharq Business with Bloomberg continues to build on its reputation as the region’s most trusted and credible multi-platform business news source. The collaboration with Nasdaq underscores its commitment to providing reliable, data-backed content across social, digital, and streaming platforms, available for audiences anytime and anywhere. 

Dr Nabeel Al Khatib, General Manager of Asharq News Network, commented: “It has been five years since the inception of Asharq Business with Bloomberg, and our audience has always been at the center of everything we do. We invest time and effort to understand what matters to them, ensuring we deliver data and stories that genuinely support informed decision-making. With growing regional interest in global markets, our collaboration with Nasdaq marks a strategic step toward offering a clearer, more comprehensive view of international financial activity. Through Nasdaq Last Sale, we aim to further empower our audience with transparent, real-time insights, strengthening their ability to navigate an increasingly interconnected global investment landscape.” 

The Nasdaq leadership team added: “We are pleased to collaborate with Asharq Business with Bloomberg to broaden access to high-quality US market data in the Middle East. Through Nasdaq Last Sale, we aim to enhance transparency, support informed decision-making, and contribute to a more connected global investor community.”