The Netflix logo is is shown on an ipad in Encinitas, California in this file photo taken April 19,2013.  Netflix Inc's quarterly profit more than doubled, boosted by the addition of 1.12 million customers to its international movie and TV streaming services.  REUTERS/Mike Blake/Files   (UNITED STATES - Tags: BUSINESS ENTERTAINMENT) *** Local Caption ***  TOR912_NETFLIX-RESU_0721_11.JPG
The Netflix logo is is shown on an ipad in Encinitas, California in this file photo taken April 19,2013. Netflix Inc's quarterly profit more than doubled, boosted by the addition of 1.12 million custShow more

Netflix launches interactive kids' content



Many readers may have fond memories of the Choose Your Own Adventure or Fighting Fantasy series of books from their childhood.

The books closed the gap between literature and the role playing games such as Dungeons and Dragons, which were hugely popular in the 1980s, encouraging youngsters to read, while at the same time introducing an element of interactivity and decision making to the world of reading.

The "Gamebook" phenomena as we know it could reasonably be traced to 1976, with the publication of Edward Packard's Sugarcane Island, the first in the popular Choose Your Own Adventure series, although earlier contenders include 1945's Treasure Hunt by an otherwise unknown Alan George, which allowed readers to choose different endings to certain sections.

The genre really took off following the 1982 publication of The Warlock of Firetop Mountain, the first in the Fighting Fantasy series from the British founders of the Games Workshop chain, Steve Jackson and Ian Livingstone. This book would introduce roleplaying elements such as diceplay and character abilities to the genre, and would ultimately run to well over 100 books during the genre's heyday.

The phenomena's popularity has faded since its 1980s peak, though reprints of many books from various early series have continued throughout the 20th century, while Jackson has promised to publish a new Fighting Fantasy novel, Port of Peril, to mark the series' 35th anniversary in August of this year.

Now, however, Netflix is looking to revive the concept, if not the printed format, of Gamebooks with what we could perhaps christen as 'Game TV'. The streaming platform's first interactive "branching" narrative show Puss in Book: Trapped in an Epic Tale has already launched globally, putting Netflix subscribers in charge of how the story unfolds, while its second, Buddy Thunderstruck: The Maybe Pile, is to launch on July 14.

Carla Engelbrecht, director of product innovation at Netflix, says: "Content creators have a desire to tell non-linear stories like these, and Netflix provides the freedom to roam, try new things and do their best work. Being an internet-based company enables us to innovate new formats, deliver at scale to millions of members all over the world on multiple device types and, most importantly, learn from it."

For the time being, Netflix's interactive shows are aimed at kids: "The children's programming space was a natural place for us to start, since kids are eager to 'play' with their favourite characters and already inclined to tap, touch and swipe at screens. They also talk to their screens, as though the characters can hear them. Now, that conversation can be two-way. It's really about finding the right stories - and storytellers - that can tell these complex narratives and bring them to life in a compelling way," says Engelbrecht.

If the kids' shows prove a success, it would hardly be a surprise to see Netflix expand the concept into more grown up territory – after all, generations of kids who grew up on the Choose Your Own Adventure and Fighting Fantasy books are now adult Netflix subscribers, and just writing this story has already given me a nostalgic yearning for flicking through well-thumbed pages while rolling dice and killing trolls.

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The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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