Producer: Peuli Bakshi
Taylor Swift's the Eras Tour grossed over $1 billion and Beyoncé’s Renaissance Tour added more than $4.5 billion to the US economy.
The release of stark contrasting movies- Barbie (pink-themed, feminine) and Oppenheimer (dark, serious-themed) created huge buzz, that led to more than $2.3 billion of global box office revenue.
Coach and Kate Spade’s parent company, Tapestry, merged with Versace and Michael Kors’ owner in an $8.5 billion deal. LVMH, owning Louis Vuitton, Christian Dior, Fendi, etc., became the first European company to surpass $500 billion.
A trend of simple yet luxurious clothing was spotted on the runways and in movies or series like HBO’s Succession. It communicated status without the need for blaring logos or 'in-your-face' styling.
With museums and collectors under ongoing pressure to return objects with questionable origins, high-profile art institutes like NY’s Rubin Museum of Art and National Gallery of Australia promised to return several such items to their owners.
Hollywood faced a 4-month strike this year, with actors demanding better pay than $27.73 per hour. The strike also affected writers, disrupted productions and delayed award ceremonies.
Besides LGBTQ inclusion in the pageant, treason turmoil made headlines too. After Nicaragua's Sheynnis Palacios won the crown, the director of the Miss Nicaragua franchise and her husband were accused of being involved in a plot to overthrow the govt.
More than 10,000 authors, including James Patterson and Roxane Gay signed a lawsuit against OpenAI, to obtain consent from authors when using their work to train large language models like ChatGPT.
Investors sued the creators of Bored Ape NFTs and Yuga Labs, etc., for ‘misleadingly’ promoting the tokens and artificially inflating their prices. Cristiano Ronaldo faced a $1-billion class action lawsuit for his promotion of Binance.
Picasso’s Femme à la montre fetched more than $139 million in an auction and Gustav Klimt’s last ever portrait fetched $108 million in London. However, all others faced loss. Christie’s reported $2.2 billion drop in sales and Philips faced almost 40% loss.