Data: Box Office Mojo; Note: 2023 figure includes box office from "Aquaman and the Lost Kingdom" through Dec. 26; Chart: Axios Visuals
Superhero films.
OK — to be fair, these titles are still pulling over $1 billion at domestic box offices, but the trend line is going the wrong way both in terms of the number of studio releases and audience reception, Hope writes with Axios Pro's Tim Baysinger.
Details: Eight films in the genre were released in theaters in 2023, each generating on average $170 million, based on Axios' analysis.
In 2018, there were also eight titles, which averaged about $335 million each — skewed by "Black Panther" and "Avengers: Infinity War."
For 2024, only five major superhero titles are slated for theaters. Notably, Marvel Studios is only releasing one film — its fewest since 2012.
Continued pressures from regulators, inflation and Fed rate moves will dictate private markets and dealmaking in 2024, Hope continues.
Stock market bulls rampaged in 2023, while private markets remained sluggish. Expect a major acceleration in venture capital and private equity activity, Axios' Dan Primack says.
With Hollywood's strikes and a decade-low year for global M&A activity now in the rearview, media deals are expected to flow this year, Tim Baysinger and Kerry Flynn say. Eyes are on Paramount, Warner Bros. Discovery, Vice, BuzzFeed and the NBA.
Axios' health tech team, which includes Axios Pro's Erin Brodwin and Aaron Weitzman, is monitoring insurance company mergers, women's health startups, PBM (pharmacy benefit manager)shifts, and potential new treatment areas for GLP-1s.
Political campaigns and advocacy groups are expected to spend a record $16 billion this year on election ads, Hope writes with Sara.
Why it matters: A majority of political advertising dollars in the U.S. goes to local broadcast TV, but an increasing amount is moving toward digital channels.
That means they'll use many of the same tools that traditional marketers use to profile and target us with messages.
The intrigue: As mega platforms owned by the likes of Apple and Google continue to phase out internet tracking cookies, connected TV and podcasts have grown in popularity for political advertisers.
The labor market had plenty of momentum heading into 2024. For American workers, that's welcome news. For central bankers, it might make things a bit more complicated.
Why it matters: For months, the job market pleased both worlds. Hiring had cooled, but jobs remained plentiful; meanwhile, wage gains had slowed, but slower inflation meant pay was picking up in real terms.
Friday's jobs report showed lingering heat in wages, alongside some disappointing news on the supply of labor.
Matt Lira, a longtime Republican operative, has agreed to lead a nonpartisan group that will promote an initiative whereby all American newborns would get taxpayer-funded investment accounts.
What he's saying: "There's a wave of skepticism right now about institutions and that the game is rigged for certain players," Lira tells Axios. "Here's a way for everyone to participate in the upside of American capitalism, thanks to the miracle of compounding returns, and also help enhance financial literacy."
The U.S. economy added 216,000 jobs last month while the unemployment rate held at 3.7%, the Labor Department said on Friday.
Why it matters: The final snapshot of the 2023 labor market shows hot hiring — the latest sign that the American job market continues to defy expectations of a slowdown.
Tesla will recall more than 1.6 million of its vehicles that were exported to China to fix glitches with their automatic assisted steering and door lock controls, a Chinese regulator announced on Friday.
Why it matters: The recall in China over the glitches, which will be fixed with remote software updates, follows two otherrecalls in the U.S. last month involving millions of the company's electric vehicles that were experiencing similar issues.