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Cinemark Launches A New Kind of Loyalty Program

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MoviePass has been lowering their prices to build up their business, and now theater chain Cinemark is firing back with their subscription service called Cinemark Movie Club. The company will use a different business model than an all-you-can-watch style. It is more of a rewards program that comes with a ticket price lock-in. Members who pay $8.99 per month, will get one 2D movie ticket anytime they want and lets them buy any additional fare at $8.99 throughout the month.

While the program does not sound anything like MoviePass’ deal, which gives members one movie ticket per day for a $9.95 per month flat fee. But Cinemark is hoping the program will compete with the company. Movie Club customers will also be able to upgrade their tickets to other formats including 3D, or their D-Box motion similar chairs. Meanwhile, MoviePass customers will only have access to 2D screenings. Members can also buy their tickets in advance, which is more flexible than MoviePass since MoviePass requires audiences to purchase tickets at the theater.

Movie Club members also receive a 20% discount on concessions. If members do not use their free ticket in a given month, it will roll over on to the next month.

As theatrical movie attendance continues to decrease, theater chains are looking to create new business models to increase revenue. Currently, theater chains are using premium-format screens to entice people to watch movies at theaters instead of at home.

Netflix Writes Danny Masterson Off of ‘The Ranch’ After Sexual Assault Accusations

Netflix says the streaming company will write actor Danny Masterson out of its original series The Ranch after allegations from multiple women say he raped them in the early 2000s. A Netflix statement says Monday was Masterson’s last day on set, and the comedy series will continue without him.

The announcement came after the Huffington Post revealed that one of Masterson’s alleged victims confronted Netflix Andy Yeatman at a children’s soccer game in Los Angeles this weekend and asked why Netflix had not responded to the allegations against Masterson. Netflix’s director of global kids’ content, reportedly responded, “We don’t believe them.” Yeatmen later reportedly said he was not in a position to make any decisions about Masterson’s future on the show.

Four women have accused Masterson of raping them in the early 2000s. Masterson has been under investigation by the Los Angeles Police Department for about a year, according to the Huffington Post. But the cast has stalled, allegedly due to Masterson’s Scientology affiliation. The Huffington Post reports that after one of Masterson’s accusers filed a police report in 2004 saying Masterson raped her while she was “passed out,” “the Church of Scientology intervened and submitted more than 50 affidavits from Scientologists who denied the woman’s account.”

Then in March, journalist Tony Ortega revealed that Masterson was being investigated by the LAPD “at least three alleged cases of rape or sodomy of women who were also Scientologists and who claim they were pressured by the Church of Scientology not to contact police or go public with their accusations.”

The Huffington Post also reports that evidence against Masterson was “overwhelming,” but the case was not moving forward due to the Los Angeles district attorney’s office.

Masterson is known for playing Steven Hyde on That 70’s Show. He has denied the allegations.

YouTube is Now Testing a Stories Feature

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YouTube is reportedly testing a new feature called “Reels”, which will be similar to the Stories feature you currently see on Snapchat and Instagram.

TechCrunch reports Reels will be given their own tab, which will be separate from the creator’s main list of video’s. YouTube’s reasoning behind this new feature is similar to the arguments put forth by Facebook and Snap. People want to share content without having to curate, edit and publish a traditional YouTube video. Reels are currently being tested among a small group of the company’s creators and the video-streaming platform has not yet revealed when this new feature will be rolled out to the public.

It is important to note that YouTube’s Reels will be different than traditional Stories. Reels will not disappear after 24 hours and YouTube will let users have multiple Reels, each with their own set of videos. That is different from Instagram and Snapchat, where your posts are temporary and part of one set story.

Instagram Stories
via TechCrunch

TechCrunch explains the process of making Reels is as follows: you shoot “a few quick mobile videos of up to 30 seconds each” and can edit them with the filters or by adding music and text. “We’re also bringing creator-focused features like linking to YouTube videos and YouTube-y stickers,” YouTube’s Roy Livne said in a blog post.

This new feature is currently in its initial beta phase and sounds like users will not be forced to view the news-feed of Stories in the same way other apps present the short video functionality. That said, only if users start to “engage with Reels” will YouTube start considering placing them in your main home tab recommendations, according to TechCrunch.

“We’ll be experimenting with a beta version of Reels to learn and improve the product before expanding to more creators,” Livne said.

The Man Behind Trump’s Twitter Deactivation is Revealed (VIDEO)

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Earlier this month, a Twitter employee temporarily deactivated the Twitter account belonging to President Donald Trump. After initial reports stating that it was an error, Twitter said a contractor had taken action on his last day. Now, after a massive search by journalists, the former employee revealed himself to TechCrunch. Bahtiyar Duysak, a German citizen of Turkish descent, was the man behind Trump’s Twitter account deactivation. He had reportedly worked for Twitter as a contractor with a firm named Pro Unlimited.

Duysak said the move was a “mistake” and he told TechCrunch that he never thought his account would be deactivated. He claimed the deactivation took place due to a series of “coincidences” that took place on his last day. “I had a wild time in America,” Duysak said. “I was tired sometimes. And everyone can do mistakes. I did a mistake.”

Duysak told TechCrunch that a Twitter user had reported Trump for abuse on his last day. “As a final, throwaway gesture, he put the wheels in motion to deactivate it,” TechCrunch reported. “Then he closed his computer and left the building.” Duysak did not explain his motivation or offer any other comments on the president. He said he did not believe that Trump’s account would be deactivated.

Duysak says he does not believe he is under investigation by the FBI, while Twitter has asked him for more information. He said he hopes to live a regular life and said he did not plan to work in the tech field anytime soon. “But I love Twitter,” he told TechCrunch. Duysak added, “And I love America.”

America is Facing a Christmas Tree Shortage

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The United States is currently facing  Christmas Tree shortage. According to the National Christmas Tree Association, NCTA, America is facing a tree shortage, which may cause the price for a Christmas tree to rise for consumers.

The cause of the shortage could be traced back to the Great Recession that took place nearly a decade ago. During the economic downturn, tree farmers started cutting back on their crops to save money during the time of decreased demand.

“In those years we were in a recession. Tree sales were down, prices were down, and we weren’t planting as many trees,” Doug Hundley of the NCTA told News 12 Long Island.

A traditional Christmas tree can take up to ten years to reach their full height of 7 to 8 feet, so Americans are now facing the effect of the 2008 economic recession.

Hundley points out that early shoppers should not face any issues with availability and variety of trees, but to expect prices may be higher due to the limited stock. He also adds that many farms tend to lower prices right before Christmas to get rid of their extra trees, so those hoping to pinch a few pennies should wait until the last few weeks of December to purchase a Christmas tree.

Here Are the Several New Features Instagram is Reportedly Working On

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The Next Web reports Instagram is testing new features including the ability to search for GIFs to add to your Instagram stories. The Next Web reveals that there are a number of new features Instagram appears to be testing including a close friends list to share with only a small group, an automatic archiving option for all of your stories, hashtag and emoji search functions, and the feature to follow hashtags to get top posts and stories on a particular trending topic.

“It looks like Instagram may finally join the GIF party and allow users to search for and add GIFs to their Stories or regular posts. We don’t have a lot of information about this — other than the test version being hideous — but it seems Instagram is tapping Giphy, like you do, to source GIFs in-app.” via

Keep in mind, all of these are just tests, so we may never see these features any time soon.

The new feature The Next Web revealed is pretty interesting. The screenshot shows a repost button that would appear next to the like, comment and send buttons. An official “regard” button will allow users to easily repost photos from friends and other followers. A feature that has been highly requested by Instagram users for several years and with several third-party apps offering this functionality. Ultimately, reshaping is a popular feature found on many social networks including Twitter and Facebook. For example, Facebook offers the ability for users to share a photo, video or any time of the content. Meanwhile, Twitter allows users to retweet.

It is not clear what the button in the screenshot means, while it is certainly likely that Instagram is testing how this new button will play out on the social network. If this does become a new feature, it will surely be a useful one and will surely drive those third-party applications out of business.

Prehistoric Women Arms Were Stronger Than Modern Day Female Atheletes

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Scientists studied the bones of nearly 100 women who lived in farming communities in Central Europe from 5300 BCE to around 850 AD and found that prehistoric women had stronger arms than modern day women. That is likely because farming women from the past had to work hard and they probably started at a very young age, according to a study published by Science Advances.

The research findings show that prehistoric women did not leave the physical labor solely to the men. In fact, they worked long hours and were a major “driving force” behind the social and cultural development of communities for nearly 6,000 years, according to lead author Alison Macintosh, an anthropologist at Cambridge University.

“Now we can kind of see, actually there are these thousands of years of rigorous manual labor that had been completely underestimated,” she told The Verge. “It’s really important to be able to understand the contribution of women.”

Scientists looked at the archaeological evidence to determine who men and women lived in the past. But, bones provide us additional information including what they ate and their levels of physical activity throughout their life. Mainly, the more you work out, the stronger bones you have.

Previous research examining prehistoric bones showed that when hunter-gatherers started farming and settled down instead of migrating, their legs got weaker and their arms got stronger. That is because people stopped moving around so much and focused on a more sedentary lifestyle, which included working on crops and taking care of livestock. These changes were more significant in men than women, Macintosh tells The Verge. She explains this is due to men’s bones responding differently to physical activity than women. As a result, it’s incorrect to compare the lifestyle of women versus men by only looking at their bones. That’s why Macintosh and her team decided to put prehistoric female bones side to side with modern female bones.

“They just look much weaker than men, so we think they’re not doing anything when that’s really not the case,” Macintosh says. “You need an appropriate comparison to see that.” Consequently, Macintosh and her team compared bones from back then to modern day women. She scanned the upper arm bones and shinbones of 94 women from the Neolithic to Middle Ages, as well as the bones of 83 living women in Cambridge who either lived a sedentary lifestyle or played sports such as soccer, running or rowing. The researchers found that the prehistoric women had consistently stronger arms. For example, the Neolithic women living around 7,000 years ago had 11 to 16 percent stronger arm bones than modern day rowers. That suggests while modern-day athletes who mainly use their arms were not as strong as women from 7,000 years ago.

However, some prehistoric women had weaker legs than today’s women, while others had legs as strong as runners. “It suggests that women were doing a huge range of things,” Macintosh says. She argues that each group of women may have had different lifestyles and responsibilities.

There is a significant limitation in the study, however. For example, the researchers did not take into account genetic factors, which can influence whether a person has stronger bones than another. That said, Macintosh points out her research points towards the advancement in looking at how women lived their lives 7,000 years ago.

“This kind of work just highlights the role of women in the development of life as we know now,” Macintosh says. “We all pretty much live in agricultural societies now. And these couldn’t have developed without all of this manual labor done by women over thousands of years.”

Amazon Announces AWS DeepLens – An AI-Powered Camera

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Amazon reveals new tools for companies to invest in artificial intelligence. Today, Amazon’s business subsidiary, Amazon Web Services (AWS), announced a new line of products with the mission to sell artificial intelligence products. Among them is a $250 AI-powered camera called DeepLens, a new platform for developing and revealing machine learning algorithms called SageMaker, and services for AI-powered translation and transcription.

It is clear that Amazon’s new focus is jumping on the AI bandwagon, which Google has been building their enterprise of AI products and tools.

One of the major announcements made during AWS’ re:Invent conference is the DeepLens camera. Similar to Google Clips, it is a camera with AI technology. However, unlike Google’s Clips, it is targeted towards developers and not mainstream consumers. DeepLens comes with AI tools pre-installed including optical character recognition, and image and object recognition. “These will help you detect cats and dogs, faces, a wide array of household and everyday objects, motions and actions, and even hot dogs,” said AWS in a .

DeepLens will allow developers to test and develop new vision-based AI-functions faster. Every DeepLens captures 1080p video and audio and is powered by an Intel Atom processor. DeepLens also features Wi-Fi, USB, and micro HDMI ports.

DeepLens will also have the ability to be integrated to other AWS products and services.

AWS also revealed SageMaker, an “end-to-end machine learning service” that helps data analysts build, train and, and host AI services. It will also support popular machine learning frameworks including Facebook’s Caffe2 and Google’s TensorFlow. Sagemaker will help developers identify data they need to train their AI model.

Amazon also announced new AI-powered translation tools, which will compete with Google’s translation services.

AWS is currently one of Amazon’s most profitable business subsidiaries, and with these new features, the company can expect to make a lot more money. AWS is already leading the industry with their servers, and if the demand for artificial intelligence continues, Amazon will be at the forefront of technological space.

NASDAQ Plans to Allow Investors to Invest in Bitcoin Futures

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Yesterday, the cost of a single Bitcoin reached $10,000. Today, it was reported NASDAQ, the second largest stock exchange on planet Earth, plans to launch futures contracts for Bitcoin starting 2018. This will allow investors to invest and essentially bet on the rise and fall of the cryptocurrency and in essence profit on the future of price of the cryptocurrency.

It is important to note that NASDAQ is not the only finance firm to join in on the Bitcoin parade. Earlier this month, Chicago’s CME Group said they will begin providing futures contracts to investors.

The introduction of these new financial products will allow investors to more substantial risks on the rise and fall of Bitcoin. According to The Verge, Cantor Fitzgerald announced that they also plan to launch Bitcoin derivatives starting 2018.

As Bloomberg points out, the New York Stock Exchange owner Intercontinental Exchange Inc. will be the only one of the four major U.S. exchanges without public financial offerings for bitcoin derivatives.

bitcoins valuation
(Roman Pyshchyk / Shutterstock.com)

What are Futures and Derivatives?

A derivative is a security with a price that is dependent upon or based on one more underlying assets. The value is depended upon the rise and fall of the underlying asset. Currently, investors can invest in derivatives where their underlying assets include stocks, bonds, interest rates and currencies. For instance, a futures contract is a type of derivative.

Future contracts are a type of financial contract which obligates the buyer to purchase an asset, for example, a Bitcoin, at a predetermined future time and price. The opposite is also true, a seller can create a futures contract, which obligates the seller to sell the assets at a later date and price.

All of these new financial instruments come with a warning. The financial collapse of 2008 is partly due to the rise of derivatives connected to real estate assets such as mortgages.

Bitcoin is Now Worth Over $10,000

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Bitcoin is worth over $10,000. The cryptocurrency surged past $10,000 on Tuesday evening as it climbs closer to $11,000, according to CoinDesk. Bitcoin had spiked 933 percent since the start of 2017, when it traded at $968.23, according to the Wall Street Journal.

Despite concerns with Bitcoin’s association with criminal activity, investors have invested into the cryptocurrency and see it as an alternative to more traditional assets like gold. The Wall Street Journal does point out that the rise in price has been substantial, but it is doubtful many investors made a significant profit since 75% of digital wallets, the method by which cryptocurrencies are saved, have less than 01. Bitcoin in them. Some say the rise in Bitcoin is just based on speculation and that bubble may soon burst. For example, according to data from SEMrush, a search-engine-data-analytics company found the price had a 91% correlation with Google searches surrounding bitcoin, suggesting news surrounding the cryptocurrency increases the valuation of Bitcoin. Moreover, earlier this year, the head of JP Morgan called out the cryptocurrency as a “fraud.”

BitInfoCharts says the current Bitcoin market value is $180 billion, which is substantially more than the value of blue-chip stock General Electric. Rumors have surrounded the cryptocurrency with questions as who is the mysterious creator the cryptocurrency. The only name that is associated with Bitcoin is a pseudonym of Satoshi Nakamoto.

It is important to note that just last month, the value of Bitcoin was $5,000. Not to mention, bitcoin could have been bought for around $570 just about a year ago.