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Step by Step: How Elon Musk Built His Empire (by Anna Vital)“The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. Tomorrow’s champions will not win by competing ruthlessly in today’s marketplace. They will escape competition altogether, because their businesses will be unique.”– Peter Thiel in “Zero to One” In the bookZero to One, prominent entrepreneur and investor Peter Thiel shares his vision on what it takes to create an extraordinary company. Specifically, Thiel believes that instead of making incremental upgrades to an existing product or service, a company must aim to do something completely new to avoid ruthless competition. While Thiel has worked with many impressive people over the years, Thiel points to Elon Musk as a particularlysuccessful memberof the Paypal Mafia that has gone “zero to one” many times. THE RÉSUMÉAt only the…

'Avengers' on track to become biggest film in PH

From ABS-CBN News.
MANILA, Philippines – In just five days, “The Avengers” has become the highest grossing film in the country this year.

According to the latest data from Box Office Mojo released on Wednesday, the superhero movie earned an estimated $6,580,876 or around P277.38 million from April 25 to 29.

This is a little lower than the estimated P281-million opening gross nationwide given by Victor R. Cabrera, managing director of Walt Disney Studios Motion Pictures Philippines.

“It’s practically a box office tsunami that has so far drowned, wiped out and rewritten every local record in its first five days of play,” Cabrera said in a statement.

Prior to “The Avengers,” this year’s biggest box office hit has been Star Cinema’s “Unofficially Yours.” The John Lloyd Cruz-Angel Locsin romantic comedy grossed $3,704,457 or roughly P156 million during its run.

According to Cabrera, “The Avengers” now holds the record for highest opening weekend, previously set by “Spider-Man 3” which opened with P236 million over six days in 2007. “Spider-Man 3” eventually grossed $9,142,143 or roughly P385.3 million.

With the big opening of “The Avengers,” it is on track to become the highest grossing film of all time in the country – a distinction that currently belongs to “Transformers 3: Dark of the Moon,” which made $9,770,818 or P411.8 million when it was released last year.

Other records set by “The Avengers,” according to Walt Disney Studios Motion Pictures Philippines, are:

* Biggest Wednesday Ever: P56.6 million, breaking the record of “The Twilight Saga: Eclipse” at P55.4 million.

* Biggest Thursday Ever: P44.1 million, smashing the record of “Spider-Man 3” of P28.4 million.

* Biggest Friday Ever: P45.3 million, outgrossing “The Twilight Saga: Breaking Dawn Part 1” which made P44.1 million.

* Biggest Saturday Ever: P66.4 million, breaking the record of “Transformers: Dark of the Moon” at P60.8 million.

* Biggest Sunday Ever: P68.5 million, outperforming “Transformers: Dark of the Moon” which made P60.8 million.

Sunday’s receipts for “The Avengers” also now holds the distinction of the all-time biggest single-day gross in the country, the company said.

Other milestones achieved were fastest time to cross the P100-million mark (in only two days) and the P200-million mark (four days), it added.

According to Box Office Mojo, “The Avengers” is playing in 479 screens.

Walt Disney said the movie posted its biggest sales at SM City North EDSA, SM Mall of Asia, SM Megamall, Trinoma, SM Cebu, Glorietta 4, SM Southmall, Newport City and SM Fairview.

Big abroad

“The Avengers,” which has yet to open in the United States, stormed into overseas theaters with record-breaking sales, hauling in a massive $178.4 million since Wednesday from theaters in 39 international markets, Walt Disney Co. said.

The 3D film from Disney's Marvel studio set opening-weekend records in 12 territories including Mexico and Brazil and opening-day records in four countries.

“The Avengers” reaches North American (U.S. and Canadian) theaters on Friday to kick off the summer movie season.

Box office forecasters predict super-sized sales that will rival this year's record set by teen death match drama "The Hunger Games," a blockbuster that debuted in March with $152.5 million domestically. – With a report from Reuters


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