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Say what? 7-year-old boy makes $22 million on YouTube reviewing toys

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Reuters

If you’re in your twenties and early thirties still financially struggling and living in your mom’s basement, here’s a bit of motivation from an unlikely source.

Meet Ryan, a 7-year-old who was just named YouTube’s top earner on its platform. Pick your mouths up off the ground because there’s more! The adolescent entrepreneur’s family-run channel called Ryan’s ToysReview makes 22 million annually before taxes.

How’s that possible? Well, according to Forbes, the majority of the income is generated from ads and sponsored posts.

From June 1, 2017, through June 1, 2018, Ryan banked an estimated $11 million the year prior, the outlet added.

Thanks to his show, the products often sell out hours after his reviews. Earlier this year, Ryan was even offered clothing deals with Walmart, which is likely boost his net worth several notches for the following year.

Watch out Kylie Jenner, there a new sheriff in town named Ryan and his digital influence might surpass your’s in the near future.

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Business

The Weeknd expands Business Portfolio with latest Esports Investment

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George Pimentel/Getty Images

The Weeknd has joined forces with esports under the OverActive Media group umbrella, which owns the Toronto Defiant of the Overwatch League.

The Toronto pop star reportedly now owns a stake in the group of investors including Michael Kimel, part-owner of the Pittsburgh Penguins, and tech entrepreneur Sheldon Pollock. The Weeknd will also serve as global ambassador for the Canadian company.

“We are thrilled to be welcoming a global superstar like Abel to our investor family,” OverActive Media president and CEO Chris Overholt said in a statement Wednesday. “Abel’s standing in the music industry will provide our Toronto Defiant and Splyce brands the opportunity to reach more fans and engage new audiences.”

“As a big esports fan, I am really excited to be involved in this project,” The Weeknd said in a statement. “I am looking forward to collaborating with OverActive Media in unique and innovative ways.”

The sporting giant also owns teams in the League of Legends European Championship, Call of Duty World League, Rocket League, StarCraft, and Smite.

OverActive strongly believes the singer will become an integral part of the brand’s overall elevation in the near future.

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Is MoviePass here to stay?

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Credit: Cinema6

In an effort to clap back at grim predictions for the company’s future MoviePass released a statement claiming the service not only increases box office sales but also makes way for theater chains to price gouge at concession stands. The bold and hopeful statement follows a dip in stock for parent company Helios and Matheson Analytics.

“Helios currently owns approximately 92% of the outstanding shares (excluding options and warrants) of MoviePass Inc., the nation’s premier movie-theater subscription service.”

Tuesday MoviePass announced that prices were raising from $9.99 per month to $14.95 per month within 30 days and prohibiting subscribers from seeing blockbusters within two weeks of release. The company is taking a hit subsidizing ticket sales: its business model dependent on advertising and selling user data

“Helios and Matheson Analytics Inc. (Nasdaq:HMNY) (“Helios”) is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology.”

 Theater chains like AMC are rolling out their own subscription services. No data listening required. AMC’s service offers three movies per week for $19.95 per month and free popcorn refills.

The passionate statement released Thursday morning paraphrased Mark Twain stating “The report of our demise has been greatly exaggerated.”

The data listening social service once reached a high of $38.85 per share. Thursday, Aug. 2 the market closed with Helios (HMNY) at ten cents per share. With the price of a MoviePass rising 50 percent and restrictions on which movies consumers can see prophesies of the company’s death may be presumptuous but not entirely unfounded.

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Happy Editorial Games! May the odds be ever in The New York Daily News staffs favor!

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What a time to be a journalist! Well, maybe not. The New York Daily News has announced they are giving the boot to half of its editorial staff, which leaves about 40 employees.

As the presence of online readership progresses across the board, the demand for print newspapers continues to flush down the toilet. The almost a century-old tabloid admits the lack of advertising dollars has left them with no choice but to downsize.

Owner Tronc Inc stands firm on the executive decision and believes it will make the paper a stronger contender online.

“We are reducing today the size of the editorial team by approximately 50 percent and refocusing much of our talent on breaking news – especially in the areas of crime, civil justice, and public responsibility,” Tronc said in a memo to staff.

An estimated 85 journalists had jobs prior to the untimely announcement.

In the blistering words of Effie Trinket, “Happy Hunger Games! And may the odds be ever in your favor!

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