Perfection is rarely achieved in movies, but this heaven-sent concert doc hits the sweet spot. Over two days in January 1972, the Queen of Soul, Aretha Franklin — she was 29 at the time — sweeps into the New Temple Missionary Baptist Church in Watts in front of a congregation and testifies to God in song. The blessed thing took nearly half a century to come out because director Sydney Pollack failed to sync the image with the sound.
Look for that to be the balancing act many media companies are going to strike in Q3: distracting investors from the current woes with enticing prospects for the future from their own Netflix wannabes. After getting pummeled in the second quarter, advertising revenue in the media sector is expected to have improved notably in Q3. Spending on ads is directly correlated with the health of the overall economy, and although the macroeconomic backdrop is improving, the U.S. economy is still technically in a recession. So while ad revenue is likely to see improvement versus Q2, it won’t be positive compared with last year.
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