Even then he knew it needed something more. It was “too scary and weird” for most studios, until Carpenter became a star director. Then he picked back up a story he had written in 1976, which became his next movie.Ĭarpenter had written the script originally in the days after Watergate, and it was infused with the cynicism of America at the time. He followed it up with another horror movie, The Fog. As well as directing, he co-wrote the script (alongside his producer Debra Hill) and even composed the famous score for the film. Carpenter preferred to work as an auteur. That profit margin opened a lot of doors in Hollywood. Filmed on a budget of $300,000, the film made over $65 million at the box office. His breakout hit was Halloween in 1978, a work inspired by Italian giallo movies that became one of the foundational works in the slasher genre. Having won an Oscar at the age of 22 for Best Short Film, he’d gone on to direct several films over the course of the 1970s. John Carpenter was hot property in Hollywood at the time. The best CGI 1981 had to offer, showing how Manhattan became a prison. It was in this environment that John Carpenter had the idea: what if they didn’t bother trying to deal with crime in New York City? What if they just decided to wall it all off to make it go away? That’s the premise of Escape From New York. At the same time, the Watergate scandal obliterated public trust in the government’s ability to deal with anything, really. By the 1970s this trend had been noticed by the media, with films like Death Wish in 1974 and The Warriors in 1979 representing the general view of a city ruled by criminals. From the 1960s onward crime rates gradually increased in the Big Apple, driven by ideologically motivated underinvestment in social services and the gradual self-sustaining nature of social rot. This material may not be published, broadcast, rewritten or redistributed without permission.America has always feared its cities, and no city has inspired more fear than New York in the 1980s. Last month, for example, CMA blocked Microsoft’s $69 billion purchase of video game maker Activision Blizzard - citing similar concerns that the deal would stifle competition for popular titles like Call of Duty in the fast-growing cloud gaming market.ĪP Technology Writer Kelvin Chan reported from London.Ĭopyright 2023 The Associated Press. But the move set precedent for similar British regulation across the industry. watchdog had sought to unwind a tech deal. It also found that the deal would remove potential competition from the U.K.’s 7 billion pound ($7.9 billion) display advertising market, half of which Meta controls.ĬMA blocking Meta's acquisition of Giphy marked the the first time that the U.K. The watchdog later concluded that the deal would boost traffic to Meta-owned sites, while denying or limiting access for online platforms to Giphy GIFs. watchdog found that Meta’s purchase of Giphy would hurt social media users and advertisers by stifling competition for animated images. That statement also said Meta would “continue to evaluate opportunities - including through acquisition - to bring innovation and choice to more people in the UK and around the world.” decision but accepts it as the "final word on the matter." Meta declined to comment further Tuesday on Shutterstock's acquisition, and directed The Associated Press to an October statement that said it's disappointed by the U.K. watchdog concluded that “the only way to avoid the significant impact the deal would have on competition” is for Meta to sell Giphy to an approved buyer. The country's competition watchdog ordered Meta to reverse the deal in 2021. They're a popular tool for internet users sending messages or posting on social media. market for GIFs, or short looping videos. Britain's Competition and Markets Authority opened an antitrust investigation over concerns it would result in “substantial lessening of competition" in the U.K. Meta purchased Giphy in 2020, in a deal reportedly worth $400 million. The transaction, set to close in next month, could potentially leave Meta with a big loss. In a statement, CEO Paul Hennessy said the acquisition will help Shutterstock expand its audience reach “beyond primarily professional marketing and advertising use cases” and “into casual conversations.” ![]() Shutterstock said it signed a deal to give Meta continued access to New York-based Giphy’s content across Meta’s platforms. The stock image service said it's paying cash for Giphy, which has 1.7 billion daily users and partners including Facebook, Instagram, WhatsApp, TikTok and Twitter. WASHINGTON – Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns.
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