Technology
Amazon reveals 20% stake in US EV-maker Rivian ahead of its IPO
Amazon disclosed on Friday that it owns a 20% stake in Rivian, an electric car manufacturer that applied for an IPO earlier this month. The documents show that as of September 30, the e-commerce giant held equity investments, including Rivian preferred stock, which represented approximately 20% of the ownership interest. The “book value” of this holding is US$3.8 billion, higher than the US$2.7 billion as of December 31, 2020.
The disclosure appeared in a regulatory document, providing new insights into Rivian’s future relationship with Amazon. According to the electric car manufacturer’s initial public offering, Amazon has invested $1.345 billion in Rivian. Amazon also recently purchased $490 million worth of convertible notes on Rivian. According to certain pricing regulations, these notes will be converted into Class A shares after the IPO.
Amazon is not only an investor in Rivian; it is also a customer. In September 2019, Rivian reached an agreement with Amazon to produce 100,000 electric delivery vehicles. Rivian revealed earlier this month that it expects to deliver at least 10 cars in December 2021. All trucks (the remaining 99,990) will be delivered in 2025.
When Rivian’s IPO applications fell for the first time, it was clear that Amazon was an important part of the Rivian world. For example, in the Rivian S-1 document, there are 81 mentions of Amazon.
This is due to Amazon’s dual identity as an investor and a customer. At the time, Amazon seemed to own at least 5% of Rivian, although the final figure has not yet been announced. Amazon’s disclosures indicate that its holdings are much larger.
News Source : TE
Hollywood
Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025
Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.
Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)
Tom signs Nolan’s next
This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.
Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).
Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.
Tom’s busy schedule
Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.
As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.
Group Media Publications
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
KL Rahul dangerously close to Laxman territory; to be perished for Sarfaraz Khan and Shubman Gill
Husband Mark Zuckerberg fulfils ‘disco queen’ Priscilla Chan’s demand for a party and how
Prince Narula and Yuvika Chaudhary share first pic with newborn daughter from hospital. See post
Diwali 2024 calendar: When is Diwali, Dhanteras? Know all about 5 days of festival of light
Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025
The main target now is to get the right players in: Fulton
How to stay fit during Diwali 2024: Diet tips, easy workouts, tricks to manage stress during the festive season
Aamir Khan likely to be part of Anurag Basu’s biopic on Kishore Kumar, is ‘fascinated’ by filmmaker’s approach: Report
‘My support will be with new J&K govt’: L-G Manoj Sinha ahead of Omar Abdullah’s oath-taking ceremony
.jpg "New BJP government to take oath in Haryana on Oct 17, PM Modi to attend")
New BJP government to take oath in Haryana on Oct 17, PM Modi to attend
Score for the third day of the first test between India and New Zealand: Ravindra-Southee crushes IND, NZ leads by 299 at lunch
Prince Narula and Yuvika Chaudhary share first pic with newborn daughter from hospital. See post
Massive data breach at Game Freak studios reveals shocking new dark Pokemon movie plot
.jpg "Navratri special | Puja pandals in Lucknow ready to welcome Maa Durga")
Navratri special | Puja pandals in Lucknow ready to welcome Maa Durga
BCCI avoided a costly Umran Malik mistake by using Mayank Yadav as pacer peppers speedguns on debut.
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
.jpg "Sena vs Sena showdown in Mumbai on Dussehra as poll fever rises")
Sena vs Sena showdown in Mumbai on Dussehra as poll fever rises
The anime Tokyo Revengers is back with a sequel: view the promotional trailer
Deadpool and Wolverine might shatter box office records, which would be unprecedented for an R-rated film.
Review of Bridgerton Season 3 Part 2: Nicola Coughlan excels in the most intricate and captivating season to date
Kartik Aaryan Gives a Career-Defining Performance in Chandu Champion First Review; An Excellent Biopic
Watch the trailer for Kota Factory 3 here. Fans of Jeetu Bhaiya say they’re not ready for it to end.
Kartik Aaryan on overcoming the label of “outsider”: It will remain with me, and that is alright with me.
When Does Vishwak Sen’s Film Gangs of Godavari OTT Come Out? What Platform Does It Come Out On?
Review of Gullak 4: A lovely, sentimental, and somewhat mature reunion of the Mishra family
Heli Daruwala discussing her role as Geet in Undekhi 3.
-
india2 weeks ago
‘My support will be with new J&K govt’: L-G Manoj Sinha ahead of Omar Abdullah’s oath-taking ceremony
-
Politics3 weeks ago
New BJP government to take oath in Haryana on Oct 17, PM Modi to attend
-
Sports2 weeks ago
Score for the third day of the first test between India and New Zealand: Ravindra-Southee crushes IND, NZ leads by 299 at lunch
-
TV2 weeks ago
Prince Narula and Yuvika Chaudhary share first pic with newborn daughter from hospital. See post
-
Entertainment.2 weeks ago
Massive data breach at Game Freak studios reveals shocking new dark Pokemon movie plot
-
india4 weeks ago
Navratri special | Puja pandals in Lucknow ready to welcome Maa Durga
-
spotlight4 weeks ago
BCCI avoided a costly Umran Malik mistake by using Mayank Yadav as pacer peppers speedguns on debut.
-
Business3 weeks ago
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise