Boston Private Financial Holdings Inc. Profit Rises In Q1

Herald morning quiz: April 23

Test your brains with the Herald’s morning quiz. Be sure to check back on at 3pm for the afternoon quiz.

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Disney’s ‘Launchpad’ Program Drops Trailer For Six Original Short Films

Disney’s Launchpad, a new filmmaking program dedicated to a “new generation of dynamic storytellers”, has unveiled the trailer for six original short films.

All six short films, each based on the theme “discover,” will launch on Disney Plus on May 28. The program’s inaugural season features stories by Ann Marie Pace, Aqsa Altaf, Hao Zheng, Jessica Mendez Siqueiros, Moxie Peng and Stefanie Abel Horowitz.

“This first group of shorts by these six gifted filmmakers took our breath away,” Mahin Ibrahim, director of Disney’s Diversity & Inclusion, Market, who oversees the LAUNCHPAD program, said. “They are moving, provocative and entertaining, and they each convey a unique perspective on living in America today and the things you learn about yourself and others when you follow your own path.”

The six filmmakers were selected from more than 1,100 applicants. They began the program in early 2020 and were assigned executive mentors from the various divisions of The Walt Disney Company, including Disney+, Lucasfilm, Marvel Studios, Pixar, Walt Disney Animation Studios and Walt Disney Studios Motion Picture Production.

Disney plans to continue its Launchpad program for a second season based on the theme “connection”. It will begin accepting submissions on May 10.

Producers Guild To Institute Anti-Bullying Training In Wake Of Scott Rudin Revelations

The Producers Guild of America is expanding its Independent Production Safety Initiative to include anti-bullying trainings “with the goal of eliminating workplace violence and aggression.” The move comes in the wake of bullying accusations against Broadway and Oscar-winning movie producer Scott Rudin.

The guild said that it is also forming a task force “to examine these issues within our membership and the entertainment business at large. We stand committed to working with our colleagues at other organizations to eradicate this behavior.”

“We are deeply disturbed and disheartened by the continuing allegations of workplace harassment and abuse in our industry, and stand with those who speak out against such violence and intimidation in all forms,” the PGA said in a statement. “We must work together to make our industry a more equitable and safe place for everyone involved, no matter what their level or role.”

Rudin has stepped back from his film and streaming projects, as well as his Broadway productions, in the wake of a recent Hollywood Reporter story in which former employees described his workplace bullying and harassment. “I am profoundly sorry for the pain my behavior has caused and I take this step with a commitment to grow and change,” he said on Tuesday.

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Crude Oil Futures Settle Marginally Higher

Crude oil futures rebounded from early losses to settle slightly higher on Thursday, gaining for the first time in three sessions.

Worries about energy demand outlook following a massive surge in new coronavirus cases in India weighed on oil prices early on in the session.

Prices recovered by mid morning, but retreated and slipped into negative territory before noon, but moved up again subsequently, amid reports showing robust energy demand in the U.S. and China.

West Texas Intermediate Crude oil futures for June ended up by $0.08 or nearly 0.1% at $61.43 a barrel.

Oil also found support on news about production in Libya seeing a significant drop. Libya’s oil production fell to about 1 million barrels per day in recent days and there is likelihood of further decline due to budgetary issues, according to the National Oil Corporation. Production fell from about 1.3 million bpd, the NOC said.

Data from the Energy Information Administration on Wednesday showed an unexpected increase in crude inventories last week.

Although the Indian government has stated that lockdown will be used only as last resort, it is feared that there could be widespread shutdowns and restrictions on movements if the virus spread doesn’t slowdown.

Japan too has been witnessing a surge in new cases of infections, and according to reports, officials are looking at a state of emergency for Osaka and Tokyo to curb the spread.

Overlooked No More: Bhanu Athaiya, Who Won India Its First Oscar

Athaiya, a costume designer on more than 100 films, won the award in 1983 for her work on “Gandhi.”

By Anita Gates

Boston Private Financial Holdings Inc. Profit Rises In Q1

Boston Private Financial Holdings Inc. (BPFH) announced earnings for its first quarter that rose from last year.

The company’s earnings came in at $10.65 million, or $0.13 per share. This compares with $1.21 million, or $0.01 per share, in last year’s first quarter.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 8.7% to $85.65 million from $78.78 million last year.

Boston Private Financial Holdings Inc. earnings at a glance:

-Earnings (Q1): $10.65 Mln. vs. $1.21 Mln. last year.
-EPS (Q1): $0.13 vs. $0.01 last year.
-Analysts Estimate: $0.19
-Revenue (Q1): $85.65 Mln vs. $78.78 Mln last year.