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Happy Friday, Future Party. Here’s a sobering reality to take into your weekend — 51% of older Americans say they plan to skip retirement altogether and work indefinitely. That’s according to a survey of 1,000 adults ages 65 to 99 conducted by Asset Preservation Wealth & Tax. While most cited cost-of-living pressures as the main reason for staying in the workforce, 40% said they work to stay physically and mentally fit. For many Americans, it seems, they’ll always be living for the weekend.
DAILY TOP TRENDS
YouTube – Him
X
(Twitter)– Zach CreggerGoogle – The Paper
Reddit – Brandon Blackstock
Letterboxd – Bring Her Back
Spotify – “Know You Naked”
Skydance’s David Ellison Is Finally A Movie Mogul
After a year and a half, Skydance, the premium production company and film financier run by David Ellison, has finally completed its $8.4 billion takeover of Paramount Global.
The Big Picture: Mergers in Hollywood are never simple, but Skydance’s bid for Paramount seemed extra challenging — featuring tense negotiations with Shari Redstone, boardroom clashes, shareholder lawsuits, and even a legal skirmish with Donald Trump involving CBS. By holding firm (and bringing deep pockets to the table), the 42-year-old Ellison now becomes one of the youngest studio moguls since Hollywood’s early days.
Behind the Scenes: With Ellison at the helm, changes are coming from Paramount… or what will now be officially known as “Paramount, A Skydance Corporation.”
Paramount, which has started trading on the Nasdaq under the ticker “PSKY,” will be restructured into three divisions: studios, direct-to-consumer, and TV media.
Ellison has installed former NBCU chief Jeff Shell as president to oversee daily operations and appointed a new 10-person board that includes former Paramount movie head Shari Redstone and Oracle CEO Safra Katz.
Plans call for aggressive streaming investments, especially in premium originals, with Paramount+ and Pluto TV uniting on the same tech stack — positioning Pluto as a gateway to paid subscriptions.
Still, Ellison is targeting $2 billion in cost cuts — potentially by eliminating tech redundancies, spinning off struggling TV assets, selling National Amusements, and, inevitably, implementing layoffs.
The Future: Paramount remains one of Hollywood’s crown jewels, though it has trailed its competitors for years. Ellison’s pitch has always been to restore the studio to its former glory by investing in creative (more theatrical releases) and tech upgrades (AI-driven optimization). No matter what, Ellison plans to be here for a long time and a good time, telling investors: “Our financial North Star is to maximize the long-term value of the company.”
First Moves: Having wasted no time in winning its first major movie-bidding war, expect Paramount to roll out a wave of high-profile talent deals and marquee projects throughout the rest of the year.
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OpenAI Claims GPT-5 Holds A Doctorate In Everything
Following two years of development and several setbacks, OpenAI is rolling out GPT-5 — its most advanced AI model yet, boasting advanced reasoning and coding capabilities.
Why It Hits: OpenAI may have kicked off the AI revolution with the release of ChatGPT in 2022, but it’s no longer the only game in town. Since then, companies like Google, Microsoft, Anthropic, and others have closed the gap. GPT-5 is OpenAI’s bid to prove it still leads Silicon Valley’s most competitive race.
Behind the Code: So, what can GPT-5, which is now available at no cost, actually do?
According to CEO Sam Altman, the chatbot can respond to queries “like a Ph.D.-level expert.” We’ll let others be the judge of that.
It can “vibe code” — create apps with simple English-language prompts.
Its personality can be altered, with four initial options to start: “Cynic,” “Robot,” “Listener,” and “Nerd.”
It’s less sycophantic than past versions, with the company stressing that “it spent 5,000 hours testing the technology for biased and harmful behavior,” per The WSJ.
Last Prompt: OpenAI has a lot riding on the success of GPT-5. It already has five million paying business customers, but it wants to multiply that number by wooing them away from other chatbots like Claude and Gemini. Additionally, it’s in talks with Thrive Capital for a secondary stock sale that would value it at $500 billion (two-thirds more than it’s currently valued), making it the most valuable private company in the world.
Prediction: The success of GPT-5 and its ability to make businesses rely solely on ChatGPT could be necessary for the company to keep up with the pace of its own investments.
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DEEP DIVES
Watch: 360 With Speedy chops it up with Eddie Murphy about his new movie, The Pickup, and what he feels is his comedy legacy.
Listen: Decoder chats with GitHub CEO Thomas Dohmke about the company’s future in software development as vibe coding takes off.
Explore: Variety lists the 10 Hollywood assistants to keep your eye on. They could be greenlighting movies and shows one day.
What’s your go-to chatbot?
62.1% of you voted Machine-like in yesterday’s poll: Do you think hospitality robots should be designed to look more human or more machine-like?
“Make it what it is.”
“Don’t need confusion here.”
“If I’m dealing with a robot, I want to absolutely know it’s a robot. It would be too creepy to find out later that it was not a real person I had been interacting with.”
“[Human], unless it’s a super cute adorable machine??”
Let’s keep the conversation going. Join our Poll Of The Day newsletter, so your opinions can shine. Discover how your views line up with your peers’, check out cool insights, and have some fun. It’s data with personality.
QUICK HITS
→ Entertainment / Media
🎥 The newly reorganized Vice Media scored a $75 million credit facility from Western Alliance Bank as it plans to spend $500 million on content.
🍿 AMC Theatres is backtracking on plans to extend its preshow by an additional 25 to 30 minutes following pushback from studios.
⚾ Even Dick’s Sporting Goods is getting in on the original content game with the launch of Cookie Jar & A Dream Studios.
→ Technology
📱 X will start to roll out ads within Grok responses to boost revenue.
🤖 Speaking of Grok, the new Imagine feature allows users to make NSFW deepfakes of famous figures using “Spicy” mode. Lawsuits incoming…
👀 Meta announced that WhatsApp took down 6.8 million accounts that were “linked to criminal scam centers.” Yikes.
→ Fashion / E-commerce
💸 The White House tariffs have officially — no, for real this time — taken effect, imposing levies of up to 50% on some countries and even higher on certain imports.
📈 Shopify’s stock popped 19% after reporting a 31% revenue jump, with no signs yet that customers are cutting back due to looming tariff-related price hikes.
👟 Zendaya has released her first co-created sneaker with On — the Cloudzone Moon.
Let us know how we are doing...
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Today’s email was written by David Vendrell.
Edited by Nick Comney. Polled and Copy-edited by Kait Cunniff.
Published by Darline Salazar.