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Happy Monday, Future Party. How much do people love Star Wars? Enough for someone to drop $3.6 million on Darth Vader’s lightsaber — yep, the very one wielded in The Empire Strikes Back and Return of the Jedi. Sold at auction by LA’s Propstore, it set the record as the priciest piece of memorabilia from the saga. But here’s the real question: at that price, does it actually work?
DAILY TOP TRENDS
YouTube – A House of Dynamite
X
(Twitter)– SacrificeGoogle – The VMAs
Reddit – Billy Porter
Letterboxd – The Conjuring: Last Rites
Spotify – “Loser”
Elon Musk Could Become The First Trillionaire
Tesla’s board has proposed a pay package for CEO Elon Musk that could make him the world’s first trillionaire — if he stays at the company for the next decade and hits some extremely ambitious financial targets.
The Big Bet: While Tesla was once the frontrunner in the EV revolution, it has recently lost significant ground to competitors in both the US and abroad. And with Musk’s attention constantly shifting to other companies and politics, Tesla sees keeping its controversial leader focused as essential to long-term success — a point emphasized by both the company’s board chair and director in their proposal.
Behind The Package: No matter how focused Musk may be, reaching the full potential of the proposed pay package will be a steep challenge.
The package is valued at $900 billion in Tesla shares (at the current price), which would give him control of 29% of the company — a rare level of ownership.
But he would have to lead Tesla to an annual operating profit of $400 million (24x more than last year) and raise its valuation to $8.5 trillion (it’s currently $1.1 trillion).
He would also need to sell a total of 20 million cars by 2035 (up from eight million) and deploy one million robotaxis and one million Optimus robots globally — both of which generate barely any revenue today.
He would additionally need to create a succession plan for when he inevitably steps down at the end of the contract (yeah, they’re handing him the ole Silicon Valley exit strategy).
Final Offer: According to Forbes, Musk is currently worth $400 billion. Combined with the proposed $900 billion in compensation, that would land him in a party-of-one, 12-figure club. The pay would be awarded piecemeal as he hits certain benchmarks and commits to remaining CEO for at least seven and a half years.
That is, of course, if shareholders approve the package on November 6th — though they still haven’t signed off on the 2018 plan, which is still mired in litigation. And not everyone thinks Musk deserves such unprecedented compensation, especially when Tesla has faltered while he also runs SpaceX, X, xAI, Neuralink, and… you get the idea.
Prediction: There’s no way Tesla can hit those financial targets through car sales alone, so it will have to lean on its emerging technologies to reshape the business. That’s a big gamble.
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Orson Welles’ Lost Film May Be Finished With AI
AI startup Fable Studio announced plans to recreate the missing — and potentially destroyed — 43 minutes of Orson Welles’ second film, The Magnificent Ambersons.
The Big Picture: Fable — the company behind Showrunner, its self-dubbed “Netflix of AI” — appears to be finishing Ambersons as a controversial stunt to grab studio attention… part of a broader push to court studios into licensing its titles for user-generated content on its platform.
Behind The Scenes: The Magnificent Ambersons was originally a 131-minute film, but RKO Radio Pictures, unhappy with it, cut the third act and released a trimmed 88-minute version — something Welles remained livid about for the rest of his life.
The cut footage was thought to be lost forever… until now. Or at least, that’s how Fable would pitch it.
It plans on using a mix of its Showrunner AI system and live-action production to recreate the missing footage over the next two years.
For scenes involving human actors, Fable “plans to use face and pose transfer techniques with AI tools to preserve the likenesses of the original actors in the movie,” per THR.
The studio is partnering with face-swapping expert Tom Clive (formerly of Metaphysic, which built the AI for Robert Zemeckis’ Here) and filmmaker Brian Rose (who has spent the past five years recreating the lost Ambersons footage with 3D models).
Final Cut: Fable CEO Edward Saatchi said the company has no intentions of commercializing the finished product, since it doesn’t have the rights from Warner Bros. or Concord… and it’s doubtful they’ll ever be licensed.
That’s especially true after the Welles estate — despite previously allowing Welles’ voice to be deepfaked for some commercial uses — slammed the endeavor as “a purely mechanical exercise without any of the uniquely innovative thinking or a creative force like Welles.” Ouch.
Coming Soon: While the commercial prospects for the finished AI-generated The Magnificent Ambersons are slim, expect studios to be quietly watching to see if it can even be done… and how they can apply a similar model to their own films.
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DEEP DIVES
Read: Insider chats with director Spike Lee about his new film for AppleTV, the Denzel Washington-starring Highest 2 Lowest.
Watch: The WSJ sits down with Taco Bell CEO Sean Tresvant to discuss how the fast-food chain keeps winning over young customers.
Explore: Variety lists the most surprising cast firings in SNL history, which includes Adam Sandler and Julia Louis-Dreyfuss getting the axe.
57.9% of you voted Yes in Friday’s poll: Do you drink beer?
“Just started again with a low-cal, alcohol-free brand. Part of a goal to reduce/eliminate alcohol usage.”
“Usually drink wine or whiskey, but a cold beer goes so well with pizza and ribs.”
“I used to and still will (reluctantly) if someone hands me one, and it’s in the spirit of a particular event — but I usually regret the bloating that follows. Wine and spirits are my go-to pro-ABV bevs.”
“My choice is a mixed drink! Beer only on rare occasions. It used to be party all night long, then two drinks and bed by 10… now it’s maybe one drink and lights out by 9!”
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
🏛️ Warner Bros. is joining Disney and Universal in suing AI firm Midjourney for copyright infringement.
📕 Anthropic’s settlement with a group of authors who sued over copyright infringement amounts to at least $1.5 billion in payouts.
🎙️ LeBron James is hosting an interview series for Indeed called The Main Thing, which explores skills learned in creative fields.
→ Technology
🛰️ JetBlue announced that it will offer satellite WiFi to passengers in a new deal with Amazon’s Project Kuiper.
👀 A new report from Common Sense Media labeled Google Gemini a “high risk” for kids, while state attorneys general are warning OpenAI about potential harm to children.
💻 Software firm Atlassian is acquiring The Browser Company, maker of Dia and Arc, for $610 million.
→ Fashion / E-commerce
🍿 TikTok will sell movie tickets directly on its platform in a new deal with Fandango, starting with Disney’s Tron: Ares.
🧛♂️ Filmmaker Guillermo del Toro is launching a three-part sale of his extensive genre-memorabilia collection with Heritage Auctions.
👖 American Eagle announced that its partnerships with Sydney Sweeney and Travis Kelce led to a major sales spike, shooting its stock up 25%.
Let us know how we are doing...
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Today’s email was written by David Vendrell.
Edited, Polled, and Copy-edited by Kait Cunniff.
Published by Darline Salazar.