I N T E R N A T I O N A L
I N T E R N A T I O N A L
16 Pages Number 79 10th year
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Tuesday, March 27, 2018
‘Pacific Rim Uprising’ Conquers ‘Black Panther’ at Weekend Box Office
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Tuesday, March 27, 2018
LOS ANGELES - After weeks of speculating which film could slow “Black Panther’s” impressive roll, “Pacific Rim Uprising” took the top spot at the domestic box office.
Universal and Legendary’s “Pacific Rim Uprising” landed a respectable $28 million opening weekend at 3,708 locations. The monster battle movie has garnered mixed critical response, with a current 46 percent on Rotten Tomatoes. Though it opened with a softer debut than Guillermo del Toro’s predecessor “Pacific Rim,” which saw $37 million in July 2013, the sequel was enough to dethrone “Black Panther” in the superhero tentpole’s sixth weekend. Steven S. DeKnight co-wrote and directed “Pacific Rim Uprising” with a reported $150 million budget. The original, which starred Idris Elba, Rinko Kikuchi, Charlie Day, Charlie Hunnam, and Robert Kazinsky, went on to gross $411 million at the worldwide box office, thanks to a strong international showing, especially in China, where it made $112 million compared to the U.S.’ $101.8 million. The sequel is set 10 years after the Battle of the Breach with a new generation of Jaeger pilots ready to combat the evolving Kaiju monsters and prevent humanity’s extinction. John Boyega plays Jake Pentecost, the son of Elba’s character Stacker Pentecost, who sacrificed his life in the first film. Scott Eastwood, Jing Tian, Cailee Spaeny, Kikuchi, Burn Gorman, Adria Arjona, and Day also star. Still, in its sixth weekend “Black Panther” continues to be a powerhouse, nabbing the No. 2 spot with $17 million at 3,370 sites. That number lands “Black Panther” one of the seven highest sixth weekends in history. To date, the Marvel film has taken in $631 million, making it the fifth-highest all-time domestic grosses ahead of “The Avengers.” (rtr)
A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018.
REUTERS/Mario Anzuoni
Cast member Lily Ji poses at the premiere for “Pacific Rim: Uprising” in Los Angeles, California, U.S. March 21, 2018.
Academy of Motion Pictures chief denies sexual harassment allegation
REUTERS/David McNew/File Photo
Motion Picture Academy President John Bailey
LOS ANGELES - The president of the Academy of Motion Picture Arts and Sciences, the organization behind the Oscars, has denied a sexual harassment allegation, Variety reported on Saturday. In a memo sent to academy staff, President John Bailey said allegations in Hollywood trade publications that he tried to touch a woman inappropriately a decade ago on a movie set were untrue, Variety reported.
A representative for Bailey did not immediately respond to a request for comment. Reuters could not independently confirm any of the allegations. Bailey, a cinematographer whose credits range from “Groundhog Day” to “How to Be a Latin Lover,” said in the memo that media reports describing complaints to the academy were false and served only to tarnish his 50-year career, Variety reported. (rtr)
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Uber sells Southeast Asia business to Grab after costly battle
SINGAPORE/SAN FRANCISCO - Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said on Monday, marking the U.S. company’s second retreat from an Asian market. The industry’s first big consolidation in Southeast Asia, home to about 640 million people, puts pressure on Indonesia’s Go-Jek, which is backed by Alphabet Inc’s Google and China’s Tencent Holdings Ltd. A shake-up in Asia’s fiercely competitive ride-hailing industry became likely earlier this year when Japan-based SoftBank Group Corp’s Vision Fund made a multibillion dollar investment in Uber. “It was really a very independent decision by both companies,” Grab President Ming Maa told Reuters, adding that SoftBank CEO Masayoshi Son was “highly supportive”. Uber will take a 27.5 percent stake in Singapore-based Grab and Uber CEO Dara Khosrowshahi will join Grab’s board. Grab was last valued at an estimated $6 billion. “It will help us double down on
our plans for growth as we invest heavily in our products and technology,” Khosrowshahi said in a statement. The Competition Commission of Singapore (CCS) said it has the mandate to review whether any mergers will result in a “substantial lessening of competition” and to take action, but it has yet to receive a notification from the companies. “For example, CCS can require the merger to be unwound or modified to prevent the substantial lessening of competition,” the agency said in a statement. For Grab, the deal will help its meal-delivery service, which will
now merge with Uber Eats, compete with Go-Jek, according to a person close to Grab. Go-Jek is a dominant player in Indonesia, the region’s biggest economy, and has rapidly expanded beyond ride hailing to digital payments, food delivery, ondemand cleaning and massage. “Go-Jek is such a different app, with different behaviours, it is something I can’t see Grab competing with well in Indonesia for a long time, like at least a year,” said Vinnie Lauria, partner at Southeast Asia’s Golden Gate Ventures. Ridehailing companies throughout Asia have relied heavily on discounts and promotions, driving down
profit margins and increasing pressure for consolidation. Uber, which is preparing for a potential initial public offering in 2019, lost $4.5 billion last year and is facing fierce competition as well as a regulatory crackdown in Europe. Uber invested $700 million in its Southeast Asia business, less than the $2 billion it burned through in China before ceding its operations there to Didi. MORE CONSOLIDATION Uber anticipated making more deals with rivals, but said it had no plans to do another sale in which it consolidates its operations in exchange for a minority stake in a rival. “It is fair to ask whether consolidation is now the strategy of the day, given this is the third deal of its kind ... The answer is no,” Khosrowshahi said in a note to employees
that was shared with Reuters. “One of the potential dangers of our global strategy is that we take on too many battles across too many fronts and with too many competitors.” A source familiar with Uber’s strategy said the company was going to step up its battle with Ola in India, another competitive and costly market where rivals have heavily subsidised rides in an effort to gain market share. Uber has close to 60 percent of the market there, by some estimates. Continued to page 6 News can also be heard in “Bali Image” at Global Radio FM 96.5 from 9.30 until 10.00 am. Listen to Global Radio FM at http:// globalfmbali.listen2myradio.com or live video streaming at http:// radioglobalfmbali.com and http:// ustream.tv/channel/global-fm-bali.