http://www.latimes.com/entertainment/envelope/cotown/la-et-warner-bros-to-cut-annual-costs-20141015-story.html

The article I read is about Warner Brothers reporting bad profit over the summer; to compensate for this they plan on cutting their budget by $200 million yearly. The article says that Warner Brothers will being laying off people as early as November. Although the amount of people that will be laid off is unknown, it is expected to be a large amount."We are firmly committed to IMPROVING our margins," Tsujihara said. "Through that process we have committed to cutting costs significantly."
I thought this article was important because it shows how one of the top companies in the entertainment industry must cut back due to the low revenues of the summer. This affects me as a consumer because as the budget is being cut, the quality of their productions will reflect it, which makes me question if I should even pay to watch it. This affects me as a filmmaker because the film industry suffered a huge blow this summer not producing as much revenue as the previous year and due to this companies must cut their budgets. What if I wanted to take up a career in the film industry? The budget cut is only making it harder so people to get into the industry. The Warner Brothers budget cut makes me wonder; if the entire film industry suffered a big blow of the summer and WB is cutting its budget, who's next? Will WB still be able to produce the same level of productions after the budget cut/ lay offs? 

http://www.hollywoodreporter.com/news/alibaba-leads-chinas-multibillion-dollar-736705

This week I read article about how Alibaba, one of the richest companies in the world, is said to be looking into buying a movie studio. Alibaba is marketed to be worth over $200 billion and has a "vault" of $25 billion. Alibaba has already purchased movie studios in china and also has purchased other companies to increase their corporation
.  This article is important because Alibaba holds a strong influence in social media in China, the fact that they are considering investing in U.S. based movie studios means that the film industry could expand even more. As a consumer this impacts me because if a rich company plans on investing in a movie studio than we can hope to see better movies as budgets would be higher and movies will not be restricted by money in a sense. As a filmmaker this influences me because the possible investment in a movie studio could lead to new developments within the industry itself. However this article raises a few questions, like if a Chinese based company buys a U.S. based company would will that effect the economy? Also how would this effect the movie studio? would it help it?