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The Verge 02 August, 2021 - 12:56pm 72 views

Reese Witherspoon's women-focused production company behind television hits such as Big Little Lies is being purchased by a new private equity-backed venture aiming to break into Hollywood's fast-expanding streaming market.

The majority investment from a not-yet-named media venture backed by US private equity giant Blackstone and announced Monday reportedly values Witherspoon's Hello Sunshine at $900 million, according to the Wall Street Journal and CNBC.

"I started this company to change the way all women are seen in media," said Witherspoon of the entity behind series including The Morning Show and Little Fires Everywhere.

The Blackstone deal "will enable us to tell even more entertaining, impactful and illuminating stories about women's lives globally," she said in a statement.

The new media venture is headed up by two former Disney executives, Kevin Mayer and Tom Staggs.

Its launch comes as multiple Hollywood giants are competing to expand their streaming services, with the likes of Netflix, Disney+, HBO Max and Amazon Prime Video hungry for content.

Witherspoon, 45, who won a best actress Oscar for 2005's Walk the Line, has moved increasingly into producing in recent years, although she also stars in Apple TV+ hit The Morning Show, alongside Jennifer Aniston.

The company is working on feature films including Legally Blonde 3 and an adaptation of best-selling novel Where The Crawdads Sing, which was boosted by its selection as part of Witherspoon's Hello Sunshine Book Club.

She will continue to oversee Hello Sunshine's day-to-day operations along with current CEO Sarah Harden, a joint statement said.

"We look forward to backing Reese, Sarah, and their world-class team as they continue to produce and identify dynamic, engaging content for years to come," said Mayer and Staggs.

Mayer and Staggs are reportedly targeting further purchases of content creators to build an "independent, creator-friendly home for cutting-edge, high-quality, category-defining brands and franchises," joining a fiercely competitive market.

In May, Amazon agreed to buy MGM studios for $8.45 billion, giving the US tech giant a vast content library to further its ambitions in streaming.

Read full article at The Verge

Hot Chips 33: AMD, Intel and TSMC will tease 3D packaging technology

TweakTown 02 August, 2021 - 07:45pm

The organizers of Hot Chips 33 have confirmed an exciting schedule, where we will receive some juicy details on "Advanced Packaging" technology. Intel and TSMC will be discussing their "packaging technologies for chiplets and 3D" while AMD will only be discussing their 3D packaging technology.

Intel will be talking about its next-gen Alder Lake and Sapphire Rapids CPU architectures on day two of Hot Chips 33, which I'm sure is going to be a different deep dive than traditional ones where we hear about specs, performance, and all that jazz. The packaging technology side of things is probably going to get a total nerd-out, which is going to be awesome.

AMD will detail its Zen 3 CPU core during the second day of Hot Chips 33, while on day three of Hot Chips 33 we'll see Intel discussing its next-gen Ponte Vecchio GPU architecture, which will be great to see -- while AMD will be detailing its current-gen RDNA 2 GPU architecture.

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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