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It was December of 2021. I had COVID and was on the verge of being officially diagnosed with prostate cancer. Things were pretty bad and suddenly got worse: I noticed Fire Gasparino trending on Twitter not because I had made up a story, or defamed someone.

My sin was reporting, continuously and accurately, that an investment cult had formed around the stock of the troubled movie theater chain known as AMC, pushing its shares well above where they should be. And like most cults, this one wouldnt end well.

The abuse lasted through Christmas. I guess I could have wilted and joined some of my colleagues in heralding the small investor-led movement around the stock as something biblical. David slays Goliath.

I didnt and kept reporting the story behind one of the most absurd and now costly stock pumps in recent history.

These days, Im glad I did.

Yes, I survived COVID, my cancer diagnosis and getting vilified by a Twitter mob just fine. In fact better than fine because of what happened next: The stock imploded as I reported it would. AMC was burning loads of cash, heading for bankruptcy or massive dilution to raise much-needed capital, neither good for shareholders.

Shares are down 95% since December 2021. About 10 days ago,  the stocks crash and burn was complete as the company took concrete steps toward the issuance of a ton of new shares (aka diluting existing shareholders) and stay out of bankruptcy. Were it not for a bit of financial alchemy in a 10-for-1 reverse stock split, AMCs stock price would be reading just above $1.

Im not taking joy in people losing money but in people saving some. Anyone who followed my reporting on AMC saved themselves some real money. Those who followed cultists, the self-described AMC Apes or the cheerleading pseudo-journalists are paying the price.

Phil Graham, the brilliant but troubled former publisher of The Washington Post, came up with the truism about the profession of journalism as being the first rough draft of history. That was back in the early 1960s before he killed himself in a fit of depression.

I wonder what Phil Graham would call what goes down on the rebranded Twitter site X or any of the other instantaneous social-media feedback loops that are now competing with real reporting. A really, really, really rough draft of history?

Social media is great in so many ways. Yes, its a draft of history, even if its really rough, and that often serves a purpose through the exchange of ideas to make an informed judgment. Its also an outlet for people desperately searching for purpose, and while theyre at it, indulging in their worst instincts and behaviors. Its a breeding ground for the cult.

How cults are created is an age-old question. The result is deadly and near deadly stuff like Jonestown and Pizzagate    and the financially deadly stuff that surrounded the stock of AMC. The weird notion that a cabal of greedy hedge funds, hell-bent on destroying the nations largest movie theater chain, were shorting the stock (betting its price would collapse) in dark corners of Wall Street does seem appealing.

That average people could buy this stock, and destroy a bunch of nasty hedge funds while becoming rich, even more so.

Just one problem: Nothing close to what the cult was blathering about was true. The evidence of this scheme thrown around Twitter or the Reddit message boards was of the wackadoo variety. And If you dared question the illogic, as I did, be prepared for harassment like youve never seen before.

The power of social media is intense and crazy, of course, and it made this cult particularly nasty and resilient over the past two-plus years. That is until the hammer finally fell just days ago and the AMC cult ended like they all do   in disaster.

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Its a shame more reporters didnt call this out. It was so obvious based on what you can find on a balance sheet. Short sellers made hundreds of millions of dollars in August because AMCs finances included massive cash burn, lots of debt and movie attendance that due to streaming hasnt returned to pre-pandemic levels.

CEO Adam Aron, not exactly a short seller, recently explained AMCssituation in a call withanalysts. Business is getting better Barbenheimer was a box office hit; a Taylor Swift film coming to AMC theaters in October is crushing it in pre-sales. But he said that if he cant raise money by selling more stock, Chapter 11 is almost inevitable. He recently beat back an Ape-inspired lawsuit challenging his dilution plan, because they believe AMC is really doing just fine and doesnt need the money.

It does, of course, and the coming dilution is why AMC, for now, and maybe for the foreseeable future, is still in business, even as its stock is battered and bruised.

Some of the Apes are still HODL (holding on for dear life, in the lingua franca of the cult), and still attacking those they see as backing the evil hedge funds. Thats scary.

Even more scary: Far too many reporters over the past three years sought the cults approval because it feels good to be applauded on social media. It also helps you build your followers, which is also idiotically important to reporters these days.

They are truly sellouts to the profession, because they should know, based on the history, cults never end well.

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Wolf Hall director on streaming levies: ‘The government needs the guts to stand up to the bully in the White House’

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April 10, 2025

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Wolf Hall director on streaming levies: 'The government needs the guts to stand up to the bully in the White House'

The director of hit BBC period drama Wolf Hall says the government “needs to have enough guts to stand up to the bully in the White House” to protect the future of public service broadcasting.

Peter Kosminsky told Sky News’ Breakfast with Anna Jones that calls for a streaming levy to support British high-end TV production was urgently needed to stop the “decimation” of the UK industry.

His comments follow the release of a new report from the Culture, Media and Sport (CMS) committee, calling for the government to improve support measures for the UK’s high-quality drama sector while safeguarding the creation of distinctly British content.

Specifically, the report calls for streamers – including Netflix, Amazon, Apple TV+ and Disney+, all of which are based in the US – to commit to paying 5% of their UK subscriber revenue into a cultural fund to help finance drama with a specific interest to British audiences.

Kosminsky, who made the case for the levy and gave evidence to the committee in January, called global tariffs recently introduced by Donald Trump “the elephant in the room”.

He said he feared they would make the government reticent to introduce a streaming levy, but said it was a necessary step to “defend a hundred years of honourable tradition of public service broadcasting in this country and not see it go to the wall because [the government are] frightened of the consequences from the bully in the States”.

Mark Rylance (L) and Damian Lewis in Wolf Hall: The Mirror And The Light. Pic: BBC
Image:
The second series of Wolf Hall, starring Mark Rylance (L) and Damian Lewis, nearly didn’t happen. Pic: BBC

Kosminsky also noted that the streamers would be able to apply for money from the fund themselves, as long as they were in co-production with a UK public service broadcaster.

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Earlier this year, a White House memorandum referenced levies on US streaming services, calling them “one-sided, anti-competitive policies” that “violate American sovereignty”.

In response to the call for streaming levies, a Netflix spokesperson said such a move would “penalise audiences” and “diminish competitiveness”.

They added: “The UK is Netflix’s biggest production hub outside of North America – and we want it to stay that way.”

The Association for Commercial Broadcasters and On-Demand Services (COBA) said such a levy “risks damaging UK growth and the global success story of the UK TV sector,” and “would risk dampening streamers’ existing investment in domestic content and would inevitably increase costs for businesses”.

Pic: BBC
Image:
Pic: BBC

COBA said it welcomed the committee’s support for targeted tax breaks for domestic drama.

Kosminsky also told Sky News the second series of Wolf Hall was nearly called off just six weeks before it was due to start shooting due to financial pressures, adding: “It was only because the producer, the director, writer and the leading actor all agreed to take huge cuts in their own remuneration that the show actually got made.”

He said that both he and the show’s executive producer, Sir Colin Callender, had “worked on the show unpaid for 11 years on the basis that we would get a payment when the show went into production”, calling it “a bitter blow” to see that disappear.

Working in public service broadcasting for his entire career, Kosminsky said it was “absolutely heartbreaking for me and others like me to see that the industry we have been nurtured by and we care about is being decimated”.

While he said he was a “huge fan of the streamers”, he said it was their “very deep pockets” that had “driven up the price of what we do”, to the point where the traditional broadcasters can no longer afford to make high-end television.

Pic: Netflix
Image:
Adolescence. Pic: Netflix

Just this week, Adolescence, created by British talent Jack Thorne and Stephen Graham, became the fourth most popular English-language series in Netflix’s history with 114 million views.

But while some very British shows might get taken on by the streamers due to universal appeal, Kosminsky said dramas including ITV’s Mr Bates Vs The Post Office and Hillsborough, and BBC drama Three Girls about the grooming of young girls by gangs in the north of England were examples of game-changing productions that could be lost in the future.

He warned: “These are not dramas that the streamers would ever make, they’re about free speech in this country. That’s part of what we think of as a democratic society, where we can make these dramas and programmes that challenge on issues of public policy that would never be of any interest in America.”

Mr Bates vs the Post Office. Pic: ITV/Shutterstock
Image:
Mr Bates vs the Post Office. Pic: ITV/Shutterstock

The CMS report comes following an inquiry into British film and high-end television, which considered how domestic and inward investment production was being affected by the rise of streaming platforms.

Chairwoman of the CMS committee, Dame Caroline Dinenage, said “there will be countless distinctly British stories that never make it to our screens” unless the government intervenes to “rebalance the playing field” between streamers and public service broadcasters (PSBs).

A DCMS spokesperson said: “We acknowledge the challenges facing our brilliant film and TV industry and are working with it through our Industrial Strategy to consider what more needs to be done to unlock growth and develop the skills pipeline. We thank the committee for its report which we will respond to in due course.”

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Stanley Cup playoff watch: Which games matter the most Thursday?

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April 10, 2025

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Stanley Cup playoff watch: Which games matter the most Thursday?

Apr 10, 2025, 07:00 AM ET

Hockey fans are close to knowing the identities of the 16 Stanley Cup playoff teams for 2025. But the battles for seeding continue to rage — as does the jockeying for position in the draft lottery order.

Here’s what to monitor during Thursday’s 10-game slate — and we hope you can watch on multiple devices!

Chicago Blackhawks at Boston Bruins
7 p.m. (ESPN+)

These two Original Six franchises will be back in the postseason again at some point, but not this season. Chicago begins the night second in the draft lottery order, three points back of the San Jose Sharks. The Bruins are fourth heading into Thursday night, tied in points with the Philadelphia Flyers.

Detroit Red Wings at Florida Panthers
7 p.m. (ESPN+)

The Red Wings begin the evening eight points behind the Canadiens for the final wild-card spot in the East (Tuesday’s loss to Montreal certainly didn’t help). A regulation loss here eliminates them. After their win Tuesday over the Toronto Maple Leafs, the Panthers are right back in the race atop the Atlantic Division. As play begins Thursday, the Leafs are No. 1 with 100 points and 39 regulation wins, the Tampa Bay Lightning are second (97, 39) and the Panthers are third (94, 36).

Buffalo Sabres at Columbus Blue Jackets
7 p.m. (ESPN+)

The Sabres picked a strange time to go on a heater, as they are 8-2-0 in their last 10; maybe there will be some carry-over to start 2025-26? In any event, Buffalo begins the evening eighth in the draft lotto order, three spots (and three points) ahead of Columbus. The Blue Jackets stayed in the playoff race probably longer than anyone outside their dressing room believed they would, but they’ll be officially eliminated with another loss.

Carolina Hurricanes at Washington Capitals
7:30 p.m. (ESPN+/Hulu/Disney+)

There was some nastiness the last time these two squads played; will we see retribution — particularly against Carolina’s Jalen Chatfield — on Thursday? As for the long-term impact, Washington is locked in as the No. 1 seed in the Metro, and Carolina needs one point to clinch the No. 2 seed over the New Jersey Devils.

New York Rangers at New York Islanders
7:30 p.m. (ESPN+)

From two Metro teams that have clinched a playoff spot to two who are on the cusp of elimination (after qualifying last spring). This rivalry game has a bit less juice than usual given the reality of the mathematics. The Rangers are currently 10th in the draft lottery order, the Isles 12th.

Winnipeg Jets at Dallas Stars
8 p.m. (ESPN+)

If the Stars have plans to overtake the Jets for the top overall seed in the West, they’ll need to win this one. Winnipeg enters the game four points (and one regulation win) ahead. So it’s not completely a must-win for the Stars’ quest for the No. 1 spot, but it’d certainly be a lot better for those chances if they won.

Vancouver Canucks at Colorado Avalanche
9 p.m. (ESPN+)

The Canucks were officially eliminated Wednesday night, and are currently 15th in the draft lottery order, a point back of the Hockey Club. As for the Avalanche, they are nearly locked into position as the Central’s No. 3 seed.

Nashville Predators at Utah Hockey Club
9 p.m. (ESPN+)

The HC has been playing inspired hockey as of late, but it was too late to get the final playoff spot, as they were eliminated Wednesday night. Meanwhile, Nashville begins play third in the draft lotto order, 10 points behind Chicago and seven ahead of the No. 4 Flyers.

Seattle Kraken at Vegas Golden Knights
10 p.m. (ESPN+)

This wasn’t the best season in Seattle Kraken history, though the club will likely get a top-10 draft pick this summer to continue the build; heading into Thursday, the Kraken are sixth in the draft lottery order, one point behind the Flyers and Bruins, and two ahead of the Penguins and Sabres.

Anaheim Ducks at Los Angeles Kings
10 p.m. (ESPN+/Hulu/Disney+)

Speaking of the Ducks, a win over their SoCal rivals would diminish the Kings’ chances of catching Vegas for the No. 1 seed in the Pacific; L.A. begins the evening six points back.

With the regular season ending April 17, we’ll help you track it all with the NHL playoff watch. As we traverse the final stretch, we’ll provide details on all the playoff races, along with the teams jockeying for position in the 2025 NHL draft lottery.

Note: Playoff chances are via Stathletes.

Jump ahead:
Current playoff matchups
Today’s schedule
Yesterday’s scores
Expanded standings
Race for No. 1 pick

Current playoff matchups

Eastern Conference

A1 Toronto Maple Leafs vs. WC1 Ottawa Senators
A2 Tampa Bay Lightning vs. A3 Florida Panthers
M1 Washington Capitals vs. WC2 Montreal Canadiens
M2 Carolina Hurricanes vs. M3 New Jersey Devils

Western Conference

C1 Winnipeg Jets vs. WC2 St. Louis Blues
C2 Dallas Stars vs. C3 Colorado Avalanche
P1 Vegas Golden Knights vs. WC1 Minnesota Wild
P2 Los Angeles Kings vs. P3 Edmonton Oilers

Thursday’s games

Note: All times ET. All games not on TNT or NHL Network are available to stream on ESPN+ (local blackout restrictions apply).

Chicago Blackhawks at Boston Bruins, 7 p.m.
Detroit Red Wings at Florida Panthers, 7 p.m.
Buffalo Sabres at Columbus Blue Jackets, 7 p.m.
Carolina Hurricanes at Washington Capitals, 7:30 p.m. (ESPN+/Hulu/Disney+)
New York Rangers at New York Islanders, 7:30 p.m.
Winnipeg Jets at Dallas Stars, 8 p.m.
Vancouver Canucks at Colorado Avalanche, 9 p.m.
Nashville Predators at Utah Hockey Club, 9 p.m.
Seattle Kraken at Vegas Golden Knights, 10 p.m.
Anaheim Ducks at Los Angeles Kings, 10 p.m. (ESPN+/Hulu/Disney+)

Wednesday’s scoreboard

Toronto Maple Leafs 4, Tampa Bay Lightning 3 (OT)
Philadelphia Flyers 8, New York Rangers 5
Minnesota Wild 8, San Jose Sharks 7 (OT)
Edmonton Oilers 4, St. Louis Blues 3
Anaheim Ducks 4, Calgary Flames 3 (OT)

Expanded standings

Atlantic Division

Points: 100
Regulation wins: 39
Playoff position: A1
Games left: 4
Points pace: 105.1
Next game: vs. MTL (Saturday)
Playoff chances: 100%
Tragic number: N/A

Points: 97
Regulation wins: 39
Playoff position: A2
Games left: 4
Points pace: 102.0
Next game: vs. DET (Friday)
Playoff chances: 100%
Tragic number: N/A

Points: 94
Regulation wins: 36
Playoff position: A3
Games left: 4
Points pace: 98.8
Next game: vs. DET (Thursday)
Playoff chances: 100%
Tragic number: N/A

Points: 90
Regulation wins: 33
Playoff position: WC1
Games left: 4
Points pace: 94.6
Next game: vs. MTL (Friday)
Playoff chances: 99.9%
Tragic number: N/A

Points: 87
Regulation wins: 29
Playoff position: WC2
Games left: 4
Points pace: 91.5
Next game: @ OTT (Friday)
Playoff chances: 97.7%
Tragic number: N/A

Points: 79
Regulation wins: 28
Playoff position: N/A
Games left: 5
Points pace: 84.1
Next game: @ FLA (Thursday)
Playoff chances: 0.4%
Tragic number: 3

Points: 76
Regulation wins: 28
Playoff position: N/A
Games left: 5
Points pace: 80.9
Next game: @ CBJ (Thursday)
Playoff chances: 0%
Tragic number: E

Points: 73
Regulation wins: 25
Playoff position: N/A
Games left: 3
Points pace: 75.8
Next game: vs. CHI (Thursday)
Playoff chances: 0%
Tragic number: E

Metro Division

Points: 107
Regulation wins: 42
Playoff position: M1
Games left: 5
Points pace: 114.0
Next game: vs. CAR (Thursday)
Playoff chances: 100%
Tragic number: N/A

Points: 96
Regulation wins: 41
Playoff position: M2
Games left: 5
Points pace: 102.2
Next game: @ WSH (Thursday)
Playoff chances: 100%
Tragic number: N/A

Points: 89
Regulation wins: 36
Playoff position: M3
Games left: 4
Points pace: 93.6
Next game: vs. PIT (Friday)
Playoff chances: 99.9%
Tragic number: N/A

Points: 79
Regulation wins: 27
Playoff position: N/A
Games left: 5
Points pace: 84.1
Next game: vs. NYR (Thursday)
Playoff chances: 0.8%
Tragic number: 3

Points: 79
Regulation wins: 25
Playoff position: N/A
Games left: 5
Points pace: 84.1
Next game: vs. BUF (Thursday)
Playoff chances: 0.3%
Tragic number: 3

Points: 79
Regulation wins: 32
Playoff position: N/A
Games left: 4
Points pace: 83.1
Next game: @ NYI (Thursday)
Playoff chances: 0.7%
Tragic number: 1

Points: 76
Regulation wins: 22
Playoff position: N/A
Games left: 3
Points pace: 78.9
Next game: @ NJ (Friday)
Playoff chances: 0%
Tragic number: E

Points: 73
Regulation wins: 21
Playoff position: N/A
Games left: 4
Points pace: 76.7
Next game: vs. NYI (Saturday)
Playoff chances: 0%
Tragic number: E

Central Division

Points: 110
Regulation wins: 42
Playoff position: C1
Games left: 4
Points pace: 115.6
Next game: @ DAL (Thursday)
Playoff chances: 100%
Tragic number: N/A

Points: 106
Regulation wins: 41
Playoff position: C2
Games left: 4
Points pace: 111.4
Next game: vs. WPG (Thursday)
Playoff chances: 100%
Tragic number: N/A

Points: 100
Regulation wins: 39
Playoff position: C3
Games left: 3
Points pace: 103.8
Next game: vs. VAN (Thursday)
Playoff chances: 100%
Tragic number: N/A

Points: 93
Regulation wins: 33
Playoff position: WC1
Games left: 3
Points pace: 96.5
Next game: @ CGY (Friday)
Playoff chances: 91.8%
Tragic number: N/A

Points: 93
Regulation wins: 31
Playoff position: WC2
Games left: 2
Points pace: 95.3
Next game: @ SEA (Saturday)
Playoff chances: 97.2%
Tragic number: N/A

Points: 84
Regulation wins: 28
Playoff position: N/A
Games left: 4
Points pace: 88.3
Next game: vs. NSH (Thursday)
Playoff chances: 0%
Tragic number: E

Points: 64
Regulation wins: 23
Playoff position: N/A
Games left: 4
Points pace: 67.3
Next game: @ UTA (Thursday)
Playoff chances: 0%
Tragic number: E

Points: 54
Regulation wins: 19
Playoff position: N/A
Games left: 4
Points pace: 56.8
Next game: @ BOS (Thursday)
Playoff chances: 0%
Tragic number: E

Pacific Division

Points: 103
Regulation wins: 43
Playoff position: P1
Games left: 4
Points pace: 108.3
Next game: vs. SEA (Thursday)
Playoff chances: 100%
Tragic number: N/A

Points: 97
Regulation wins: 39
Playoff position: P3
Games left: 5
Points pace: 103.3
Next game: vs. ANA (Thursday)
Playoff chances: 100%
Tragic number: N/A

Points: 95
Regulation wins: 33
Playoff position: P2
Games left: 4
Points pace: 99.9
Next game: vs. SJ (Friday)
Playoff chances: 99.6%
Tragic number: N/A

Points: 88
Regulation wins: 28
Playoff position: N/A
Games left: 4
Points pace: 92.5
Next game: vs. MIN (Friday)
Playoff chances: 11.3%
Tragic number: 4

Points: 85
Regulation wins: 27
Playoff position: N/A
Games left: 4
Points pace: 89.4
Next game: @ COL (Thursday)
Playoff chances: 0%
Tragic number: E

Points: 78
Regulation wins: 24
Playoff position: N/A
Games left: 4
Points pace: 82.0
Next game: @ LA (Thursday)
Playoff chances: 0%
Tragic number: E

Points: 74
Regulation wins: 28
Playoff position: N/A
Games left: 3
Points pace: 76.8
Next game: @ VGK (Thursday)
Playoff chances: 0%
Tragic number: E

Points: 51
Regulation wins: 14
Playoff position: N/A
Games left: 4
Points pace: 53.6
Next game: @ EDM (Friday)
Playoff chances: 0%
Tragic number: E

Note: A “y” means that the team has clinched the division title. An “x” means that the team has clinched a playoff berth. An “e” means that the team has been eliminated from playoff contention.

Race for the No. 1 pick

The NHL uses a draft lottery to determine the order of the first round, so the team that finishes in last place is not guaranteed the No. 1 selection. As of 2021, a team can move up a maximum of 10 spots if it wins the lottery, so only 11 teams are eligible for the No. 1 pick. Full details on the process are here. Matthew Schaefer, a defenseman for the OHL’s Erie Otters, is No. 1 on the draft board.

Points: 51
Regulation wins: 14

Points: 54
Regulation wins: 19

Points: 64
Regulation wins: 23

Points: 73
Regulation wins: 25

Points: 73
Regulation wins: 21

Points: 74
Regulation wins: 28

Points: 76
Regulation wins: 22

Points: 76
Regulation wins: 28

Points: 78
Regulation wins: 24

Points: 79
Regulation wins: 32

Points: 79
Regulation wins: 25

Points: 79
Regulation wins: 27

Points: 79
Regulation wins: 28

Points: 84
Regulation wins: 28

Points: 85
Regulation wins: 27

Points: 88
Regulation wins: 28

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Wild Wednesday: Celebrini 1 of 4 to net hat trick

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26 mins ago

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April 10, 2025

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Wild Wednesday: Celebrini 1 of 4 to net hat trick

  • Associated Press

Apr 10, 2025, 12:26 AM ET

There were plenty of goals scored in the NHL on Wednesday night, and four players accounted for a bulk of them.

Minnesota’s Joel Eriksson Ek and San Jose’s Macklin Celebrini traded hat tricks in one contest, and Toronto’s Matthew Knies and Philadelphia’s Tyson Foerster also had three-goal games. The four three-goal efforts in the first three games of the five-game schedule were the most in the NHL since five hat tricks on April 1, 2023.

In the highest scoring game of the night, Eriksson Ek had a career-high four goals in his return from a lower-body injury in the Wild’s 8-7 overtime victory over the Sharks. San Jose was led by Celebrini, a rookie star who finished with three goals and two assists.

Knies had his second hat trick of the season for the Maple Leafs in a 4-3 victory over the Tampa Bay Lightning. Foerster posted his first NHL hat trick for the Flyers in an 8-5 win over the New York Rangers.

The NHL had three three-hat trick days this season on Dec. 12, Dec. 27, Jan. 8 and April 5.

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