Common shares outstanding plus shares underlying stock-based awards totaled 523 million on September 30, 2021, compared with 518 million one year ago.
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Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations decreased to an outflow of $3.9 billion for the trailing twelve months, compared with an inflow of $17.9 billion for the trailing twelve months ended September 30, 2020.Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $8.8 billion for the trailing twelve months, compared with an inflow of $18.4 billion for the trailing twelve months ended September 30, 2020.Free cash flow decreased to $2.6 billion for the trailing twelve months, compared with $29.5 billion for the trailing twelve months ended September 30, 2020.Operating cash flow decreased 1% to $54.7 billion for the trailing twelve months, compared with $55.3 billion for the trailing twelve months ended September 30, 2020.(NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2021. Jordan’s “swagger,” and his billions, have proved more enduring than most.SEATTLE-(BUSINESS WIRE)-Oct. To its co-producer Alex Gibney, Becker’s life reflects how sports stars depend on “their swagger” to carry them through life’s problems.
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Nike’s first endorsement deal was with Ilie Nastase, the fiery Romanian tennis star and entrepreneur who helped guide Boris Becker’s career into both sports endorsements and also prison time (his story is told in a new Apple TV doc). Jordan emerged a billionaire, but Allyson Felix, the Olympic winner, ultimately charged that the company penalized female athletes on several grounds (including for pregnancy) with a 70% penalty. Nike’s adventures in sports endorsement have been intriguingly combative. The Guardian, however, argued that its obsessive dealmaking rhetoric modeled the film into “an expensive in-house corporate promotion for Nike.” Most of Air takes place in meeting rooms, but many critics found it “smart and entertaining” ( Washington Post). Air focuses on the stalwart efforts of Sonny Vaccaro (Damon) to persuade then-NBA rookie Michael Jordan to agree to a giant deal with Nike, thereby changing the future of sports marketing.
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The movie business from its inception has been built on optimism, especially those intersecting the sports world. Some 39,000 screens were functional at the end of 2022 at roughly 4,700 theaters, compared with 42,000 screens and 5,700 theaters at end of 2019. All this despite the extra-terrestrial opening of The Super Mario Bros Movie. National CineMedia, the theater advertising firm, also is edging toward bankruptcy. Its ventures also seem committed to theatrical openings along with Amazon releases including The Covenant, starring Jake Gyllenhaal, and Challengers, with Zendaya.īut one question looms: Will the theaters stay healthy long enough to feast on these offerings? Last week Cineworld, the bankrupt owner of Regal, canceled its effort to sell its entire business. It was a co-venture with their ambitious Artists Equity film company, a sort of profit-sharing creators’ co-op that wants to foster three other films in 2023, sharing earnings among contributors both above and below the line. Before the arrival of its chief, Jennifer Salke, a TV executive, Amazon was making well-reviewed releases for the adult audience like The Big Sick and Manchester by the Sea.Īir starring Damon and Affleck seemed to scream “mainstream” from the outset. When Amazon bought MGM in 2021, Hollywood nervously predicted that its product would be committed to streamerville. RELATED: ‘Air’ Trailer: Ben Affleck & Matt Damon Court Michael Jordan In Nike Dramedy Overall, the agonies of movie theaters seem to be worsening during this “recovery” year, rather than improving.Īir nonetheless is a fascinating and smartly made venture that represents the commitment of Amazon and its subsidiary, MGM, to give theatrical openings a major shot and perhaps open as many as 12 movies a year in theaters. “There’s too much riding on every new theatrical release,” says one distributor, who notes that ticket sales are down 25% this year. It s box office numbers for the opening week were auspicious but inevitably did not fully match those expectations.
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