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De minimis exemption to end Aug. 29 for many countries, prompting confusion. Germany’s Deutsche Post and DHL Parcel Germany, France’s La Poste, and Spain’s Correos postal services have announced they are temporarily suspending at least some shipments of merchandise from businesses to US customers. The news comes as the de minimis exemption for low-value parcels shipped from international destinations to US consumers goes away for all nations this week—China and Hong Kong were already barred from using it in May. While the move will raise costs for imports, the bigger issue for parcel companies is the increased paperwork, which they will be using the pause on shipments to figure out.
Keurig Dr Pepper close to buying Peet’s, WSJ says. In an exclusive, the Wall Street Journal reported that the American beverage conglomerate wants to slurp up Amsterdam-based JDE Peet’s, which calls itself the “world’s leading pure-play coffee and tea company,” for $18 billion. While the outlet’s sources said the discussions “could always fall apart,” they also said that the combined entity would split out its coffee unit from its beverage unit—all but prognosticating that the world will never get a Dr Pepper Blackberry Coffee K-Cup.
And the weekend’s box-office winner was...K-pop. A streaming company walked an original film into movie theaters and won the top prize at the box office. That’s how the weekend went for Netflix’s Kpop Demon Hunters, a sing-along version of the animated film musical by the same name that took over the streaming platform this summer. No. 2 at the box office went to the horror movie Weapons, and the Jamie Lee Curtis-Lindsay Lohan reunion Freakier Friday came in at No. 3. Industry watchers note that Netflix broke its own rule of eschewing wide theatrical releases with this offering. The version on the streamer is currently its second-most-watched movie ever.—HVL
Keurig Dr Pepper close to buying Peet’s, WSJ says. In an exclusive, the Wall Street Journal reported that the American beverage conglomerate wants to slurp up Amsterdam-based JDE Peet’s, which calls itself the “world’s leading pure-play coffee and tea company,” for $18 billion. While the outlet’s sources said the discussions “could always fall apart,” they also said that the combined entity would split out its coffee unit from its beverage unit—all but prognosticating that the world will never get a Dr Pepper Blackberry Coffee K-Cup. And the weekend’s box-office winner was...K-pop. A streaming company walked an original film into movie theaters and won the top prize at the box office. That’s how the weekend went for Netflix’s Kpop Demon Hunters, a sing-along version of the animated film musical by the same name that took over the streaming platform this summer. No. 2 at the box office went to the horror movie Weapons, and the Jamie Lee Curtis-Lindsay Lohan reunion Freakier Friday came in at No. 3. Industry watchers note that Netflix broke its own rule of eschewing wide theatrical releases with this offering. The version on the streamer is currently its second-most-watched movie ever.—HVL
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