In this Nov. 22, 2015 file photo, Prince presents the award for favorite album - soul/R&B at the American Music Awards in Los Angeles. Ava DuVernay is making a multi-part documentary on Prince for Netflix with the support of the late musician’s estate. (Photo by Matt Sayles/Invision/AP, File)
NEW YORK (AP) --
Ava DuVernay is making a multipart documentary on Prince for Netflix with the support of the late musician's estate.
The director on Tuesday confirmed Twitter reports late Monday that she's working on the film. The documentary will be made with extensive use of Prince's archives and will span the artist's entire life.
It will be the "Selma" filmmaker's second documentary for Netflix. Her 2016 film, "The 13th," explored mass incarceration as a form of continued slavery for African-Americans. It was nominated for best documentary by the Academy Awards and won an Emmy Award for outstanding documentary.
DuVernay, who earlier this year directed Disney's "A Wrinkle in Time," is currently filming the Netflix miniseries "Central Park Five."
Mark Zuckerberg talks about the Orion AR glasses during the Meta Connect conference on Sept. 25, 2024, in Menlo Park, Calif. (AP Photo/Godofredo A. Vásquez, File)
Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence efforts.
CEO Mark Zuckerberg said he expects 2025 to "be the year when a highly intelligent and personalized AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant."
The Menlo Park, California-based company earned $20.83 billion, or $8.02 per share, in the October-December quarter. That's up 49% from $14.02 billion, or $5.33 per share, in the same period a year earlier.
Revenue grew 21% to $48.39 billion from $40.11 billion.
Analysts, on average, were expecting earnings of $6.76 per share on revenue of $47 billion, according to a poll by FactSet.
"We continue to make good progress on AI, glasses, and the future of social media," Zuckerberg said in a statement.
For the current quarter, Meta said expects revenue of $39.5 billion to $41.8 billion. Analysts are expecting revenue at the high end of that range — $41.68 billion.
The company also said it expects expenses in the range of $114 billion to $119 billion, driven by infrastructure costs and employee compensation. Meta had 74,067 employees as of Dec. 31, up 10% from a year earlier.
"Meta's Q4 performance underscores the company's resilience in a still-uncertain digital ad market. By beating both earnings and revenue estimates, they've demonstrated that cost discipline and efficiency gains are paying dividends," said Jesse Cohen, an analyst with Investing.com. "However, the real headline is their commitment to aggressive capital expenditures.... Read More
