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Richemont Sales Surge Against the Odds
Fashion

Richemont Sales Surge Against the Odds

by jummy84 November 14, 2025
written by jummy84

By geography, Richemont sales in the Americas were up 20% in Q2, Europe was up 11%, Asia-Pacific increased by 10%, Japan rose by 10%, while the Middle East and Africa was up 22%.

“ You will recall a few years ago when there was general hopefulness that China would recover quickly, I noted caution, so the share price dropped — but it’s proven to be correct now. We believe that the Chinese clientele are becoming more selective and it may remain so even upon a full recovery, which we are happy about,” Richemont chair Johann Rupert told reporters.

The company noted a return to growth in China, Hong Kong and Macau in the second quarter, led by the jewelry maisons, but Rupert remains cautious: “The downtrend has changed, so we are seeing some early signs. But I wouldn’t say that they are green shoots of recovery.”

Bos noted a shift from the YOLO (you only live once) to the YONO (you only need one) mentality. “ It’s an anecdote that’s part of the conversation in Korea and China, but I think it applies to a lot of countries. YOLO was referring to the idea of instant gratification. And it has evolved toward what they call the YONO, which is in a way that they still buy, but they buy with a much more discerning eye,” he explained. “[For YONO buyers,] the interesting quality of the product, the investment or the long-lasting value really play a role. This is something that we truly see particularly for jewelry. The clientele — which is very demanding and very discerning — understands the long-term quality and value of our collections. It has been really a driving force these past few years behind the success of Richemont.”

The 39% tariffs imposed by the US on Swiss imports since August have been a blow to the Swiss watch industry. Asked for an update about the negotiations, Rupert said: “We did not negotiate in the White House. You negotiate if you have aircraft carriers, when you buy millions of tons of soybeans, that’s called negotiations. I think you’ve got to wait for the Swiss representation. They’ve been there this week. We believe that they’re doing a very good job, but we are merely businesspeople and we did not negotiate, we didn’t have a mandate to negotiate. That’s the Swiss government’s job, but I think there are signs that the misunderstanding has been cleared up.”

November 14, 2025 0 comments
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Florida Expects Production Surge with New Stage 32 Partnership
TV & Streaming

Florida Expects Production Surge with New Stage 32 Partnership

by jummy84 November 2, 2025
written by jummy84

There’s a recurring theme in David Fincher’s 2020 film “Mank” about Los Angeles film workers fretting that the studio bosses are going to move Hollywood to Florida. That never happened, and certainly Florida’s paltry statewide tax incentives throughout the 2020s made that seem less likely than ever. However, there are signs that things could be changing, and quickly. Consider it a prelude to Florida’s version of the sudden massive film investment in New Jersey that Paramount and Netflix have carried out by building new studios there.

That level of investment for Florida is still quite some way off, but some tracks are being laid to make it more possible. IndieWire can exclusively announce that Stage 32, the world’s largest online entertainment education program, is partnering with Film Florida to launch a statewide below-the-line certification program. The idea is to begin creating a large, ready-to-work crew base in the state that can spring into action as film and TV productions ramp up.

'Bugonia'

The training will cover key roles, including line producing, location management, post production supervision, production accounting, being an assistant director, being a production assistant, being a production coordinator, and script supervising. In-person workshops will be included as well, and industry veterans leading both online and in-person courses include post-production producer Brad Carpenter (“The Diplomat,” “Fosse/Verdon”), post-production supervisor Leslie Coverse (“Babygirl”) Shalonda Ware (senior production finance manager at Paramount), DGA assistant director Korey Pollard (“SEAL Team”), and location manager Miranda Carnessal (“Barbie,” “Killers of the Flower Moon”).

Though a statewide incentive has been nonexistent for years in Florida, local jurisdictions have offered their own incentives. Across the state, in places like St. Pete/Clearwater, Tampa, Jacksonville, and Broward County, there is a cumulative total of over $30 million in tax incentives for productions, with some allowing up to $2 million in incentives for a single production.

In addition, IndieWire has heard rumbles about the Trump administration encouraging new statewide Florida production tax incentives that could go into effect in the future. There’s no such thing as film tariffs. Supporting film production through new statewide tax incentives, though? That could work.

Tampa Bay in particular has been a magnet for some time for Lifetime and Hallmark movie productions, as well as being one of the leading destinations for shooting commercials in the entire country. Car companies love that it only costs $2,000 to shut down a key toll freeway in Tampa when it isn’t rush hour as a way to really show off their vehicles on-camera. There’s also a growing DIY spirit, with a major indie TV production of Patrick D. Smith’s multi-generational Florida Western novel “A Land Remembered” planned for a 2026 production from “The School Duel” director Todd Wiseman Jr.

But the mini-renaissance of Florida-based filmmaking in the 2010s, with “Magic Mike” and the A24 trifecta of “Spring Breakers,” “Moonlight,” and “Zola” hasn’t continued this decade.

However, if these expanded incentives come through, the Stage 32 program could mean that there’s a ready-to-go crew base in Florida for when production does ramp up again. Local crew bases did indeed spring up around production hubs in New Mexico and Atlanta, and though New Mexico is still going strong, major studio productions have started leaving Georgia en masse. Disney’s MCU films always shot in Atlanta — now they’re in London, reflecting the unfavorable financial environment for films in the U.S. altogether. (On the other hand, production seems to keep ramping up in Texas, thanks to the Taylor Sheridan-motivated tax incentives there.)

Could New Jersey and Florida really pick up the slack for California and Georgia? At the very least, a trial program for Stage 32 in Florida has succeeded so far just in the Tampa Bay region, with the collaboration and support of Film Tampa Bay commissioner Tyler Martinolich, who’s done as much as anyone to bring filmmaking to the area. That program was focused on everything involved with being a production assistant: on-set protocols, paperwork, and collaboration. Those who completed the program were entered into Stage 32’s Certification Portal to be matched with relevant productions across the state and beyond.

“Film Florida is thrilled to partner with Stage 32 to bring world-class training to our members and elevate Florida’s film industry,” said John Lux, Executive Director of Film Florida. “By providing access to Stage 32’s certification program, we’re empowering our film commissions and organizations to build a robust, skilled workforce, starting with this exciting program in Tampa Bay.”

“Stage 32 is honored to collaborate with Film Florida to strengthen Florida’s production ecosystem,” said Amanda Toney, managing director of Stage 32. “After successfully training talent for over 50 film commissions worldwide, including an impactful program with St. Pete/Clearwater, we’re excited to launch this initiative in Tampa Bay and expand opportunities for below-the-line professionals across the state with Film Florida.”

Could New Jersey and Florida really be places where major film productions are taking place all the time? Time will tell.

November 2, 2025 0 comments
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Ariana Grande accepts the Video of the Year Award for Brighter Days Ahead onstage during the 2025 MTV Video Music Awards at UBS Arena on September 07, 2025 in Elmont, New York.
TV & Streaming

VMAs 2025 TV Ratings Surge on CBS

by jummy84 September 9, 2025
written by jummy84

The audience for the MTV Video Music Awards, unsurprisingly, spiked with a move to CBS.

The broadcast network, airing the awards for the first time, fueled a 42 percent increase in viewers for the VMAs. Sunday’s show, which also aired on MTV and streamed on Paramount+, delivered 5.5 million viewers, according to Nielsen’s earliest-available numbers (that include out-of-home viewing). That’s the most for the show in six years.

The 2024 telecast, including the pre-show and encore airings, averaged 4.09 million viewers on MTV and 11 other Paramount cable outlets. (The directly comparable number here is 3.91 million viewers, according to Paramount; final adjustments for the ‘25 telecast to follow.) CBS has a much wider reach than MTV does, as it’s available (at least in theory) to anyone with a TV — some 125 million homes in the United States — and means to capture the broadcast signal. MTV, by contrast, is available in only about half as many households.

The 2025 Video Music Awards were the most-watched entertainment special on CBS since Feb. 2’s Grammy Awards.

Last night’s VMAs had some serious competition from an all-time great Sunday Night Football game on NBC. The close out the NFL’s opening weekend of 2025, the Buffalo Bills came from behind to defeat the Baltimore Ravens as time expired. Buffalo erased a 15-point deficit in the final 4:05, winning 41-40 at home.

Lady Gaga won the award for artist of the year along with three other awards Sunday. Ariana Grande and Sabrina Carpenter each took home three honors; Grande’s “Brighter Days Ahead” won video of the year, and Carpenter’s Short n’ Sweet took album of the year.

The 2025 VMAs were hosted by LL Cool J, who has quite a history with CBS and its sister cable channels, which were formerly (twice) under the Viacom umbrella. LL was a cast member on CBS series NCIS: Los Angeles and NCIS: Hawaiʻi, and he hosted Lip Sync Battle on Paramount Network. As a rapper, he was a staple on MTV and was named among VH1’s “100 Greatest Artists Of All Time” list.

September 9, 2025 0 comments
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