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UnionBank in talks to buy Citi’s local retail unit

UNIONBANK of the Philippines, Inc. on Thursday confirmed that it is in talks with Citigroup, Inc. to potentially acquire the latter’s local retail unit following the banking giant’s decision to exit some markets in Asia Pacific.

“The discussions between [Union]bank and Citi are at preliminary stage, and any transaction in relation to the foregoing would be subject to, among other things, the completion of satisfactory due diligence, the negotiation and execution of definitive transaction documents, satisfaction of the conditions contained therein, and the approval by the regulators of the transaction,” UnionBank Senior Vice President, General Counsel and Corporate Secretary Joselito V. Banaag said in a filing.

Mr. Banaag added there is still no assurance the transaction would push through.

Bloomberg on Wednesday reported that UnionBank is the “preferred bidder” of the American banking giant, citing an anonymous source. The report said UnionBank is expected to negotiate a prospective $1-billion deal in the coming weeks.

Citi Asia head for media relations James A. Griffiths said in November that their retail business in the country has a “very broad range of buyers”. He said they plan to announce a deal by the second quarter or second half of 2022.

Citi is set to exit its consumer business in 13 Asia-Pacific markets including the Philippines. Meanwhile, it will continue to operate its corporate arm in the country.

Top officials from lenders including BDO Unibank, Inc., Bank of the Philippine Islands and East West Banking Corp. have previously said they are interested in acquiring Citi’s local retail banking business.

Based on central bank data, Citibank, N.A. has total assets worth P352.975 billion as of end-June, making it the country’s 12th biggest lender.

Meanwhile, UnionBank is ranked 10th with assets worth P646.071 billion as of end-June.

The Aboitiz-led lender’s net income improved by 26% year on year to P10.71 billion at end-September from P8.482 billion in the same period last year.

Its shares closed at P111 apiece on Thursday, up P6.70 or 6.42% from its previous finish. — L.W.T. Noble

Medilines to sustain growth via consumables business

MEDILINES Distributors, Inc. said it aims to grow its dialysis business by entering the consumables segment.

The company said in an e-mailed statement on Thursday that it targets “to realize more value from its dominance of the sale of equipment.”

“To sustain our growth in the dialysis category, we are transforming this business line into a one-stop shop where our customers can buy not only the equipment, but also their regular supply of consumables,” Medilines Chair-man Virgilio B. Villar said.

“This will help grow our bottom line as consumables tend to have higher profit margins versus equipment,” he said.

Medilines said its net income posted a 16% compound annual growth rate (CAGR) to P103 million from 2018 to 2020, while its topline CAGR rose 11.9% to “just under” P1.5 billion.

In the first six months, Medilines scored a profit of P100 million, while its revenues stood at P815 million. The company said medical linear accelerators (LINACs) made up for over 60% of its sales in the first half.

Medilines is said to be the largest distributor of cancer therapy equipment in the country, with a market share of over 90% according to the independent study done by Ken Research, Ltd. Its market share of dialysis machines stood at 50%.

The study also said the cancer therapy equipment market stands to grow with an 18.8% CAGR until 2025. It will be driven by the continued investments into establishing cancer treatment centers.

Medilines is scheduled to list on the main board of the Philippine Stock Exchange on Dec. 7 under the ticker symbol “MEDIC.”

“Amid the volatility, it is a welcome development for the Philippine stock market to finally have a pure-play healthcare listed company as the companies in this sector are typically considered as defensive stocks,” said Ger-ry B. Valenciano, president and chief executive officer of PNB Capital and Investment Corp.

PNB Capital is the sole issue manager, lead underwriter, and sole bookrunner for Medilines’ initial public offering.

The company offered 550 million primary shares for P2.30 apiece, while 275 million shares were sold by Mr. Villar. Medilines will not receive proceeds from the sale of secondary shares.

According to its final prospectus dated Nov. 16, Medilines plans to use P696.8 million of net proceeds for debt repayment, while P507.7 million will be allocated as working capital to procure existing products and to fund the compa-ny’s foray into the medical consumables business.

“Crafting our product portfolio is at the heart of Medilines’ strategy that has brought us sustainable growth over the years,” Mr. Villar said.

“We focus on products with resilient demand while building our capabilities to dominate certain markets rather than chasing a hot selling item that everybody else is selling,” he added. — Keren Concepcion G. Valmonte

Alec Baldwin on fatal movie set shooting; ‘I didn’t pull the trigger’

ALEC BALDWIN/IMDB.COM

LOS ANGELES —  Alec Baldwin said he did not pull the trigger of the gun that killed a cinematographer on the movie set of Rust, while investigators in New Mexico zeroed in on how live ammunition may have found its way to the set.

Mr. Baldwin, who was holding a gun he was told was safe when it went off, spoke in his first full interview about the Oct. 21 shooting.

“Well, the trigger wasn’t pulled. I didn’t pull the trigger,” the actor told ABC television journalist George Stephanopoulos, according to an excerpt released on Wednesday of the interview, which is to be broadcast on Thursday.

“I would never point a gun at anyone and pull a trigger at them. Never,” Mr. Baldwin added.

Cinematographer Halyna Hutchins was killed and director Joel Souza was wounded in what Baldwin has previously called a tragic accident on the set of the Western movie he was making near Santa Fe.

The Santa Fe Sheriff’s Department said on Wednesday it had no comment on Mr. Baldwin’s statement. It was not known whether authorities are pursuing an accidental discharge scenario.

No criminal charges have been filed. Investigators have been focusing their efforts on how live bullets, rather than dummies, got onto the set.

Court documents released on Wednesday showed they found Rust documents and suspected live ammunition for a revolver like the one Baldwin was using during a search this week at the premises of an Albuquerque supplier of props and weapons for movie sets.

The supplier, named as Seth Kenny, earlier told police he believed the live bullets found on the set may have been “reloaded ammunition” that he previously had acquired from a friend, according to the documents. Reloaded ammunition is made up of recycled components, including bullets.

Mr. Kenny could not be reached for comment on Wednesday.

Mr. Baldwin, best known for playing an egotistical TV network executive on the TV comedy series 30 Rock, has kept a low profile since the accident at the Bonanza Creek Ranch near Santa Fe.

Mr. Baldwin, who was the star and also a producer on the low-budget Western, “went through in detail what happened on the set that day,” Mr. Stephanopoulos said on Wednesday on ABC’s Good Morning America show ahead of the interview broadcast.

Two crew members have filed civil lawsuits accusing Mr. Baldwin, the producers and others on the production of negligence and lax safety protocols. The producers have said they are conducting their own internal investigation. — Reuters

PLDT Global, Kwik.Insure team up for OFW insurance

PLDT Global, Kwik.Insure team up for OFW insurance

PLDT Global Corp. on Thursday said it has partnered with online marketplace Kwik.insure to provide overseas Filipinos with access to insurance products.

Under the partnership, PLDT Global, through its mobile application Free Bee, is offering free two-minute calls to individuals who are customers of PLDT, Smart, and TNT in the Philippines.

“There is a need to bridge the gap and insure Filipinos, especially OFWs (overseas Filipino workers) and their families,” PLDT Global President and Chief Executive Officer Albert V. Villa-Real said in an e-mailed statement.

“Aside from giving them peace of mind, this can also be a way to educate them about investing on their health and the future,” he added.

According to the Insurance Commission’s latest data, insurance penetration, or the insurance industry’s contribution to the Philippine economy, was 2.3% in the first quarter of the year.

“This partnership with PLDT Global allows us to reach more Filipinos and provide them with convenient access to discover a wide variety of insurance products that are suited to their needs,” said Hamilton Angluben, founder and chief executive officer at Kwik.insure.

PLDT Global said Filipinos abroad can also subscribe to premium calls, which allow them to make affordable calls to individuals in the Philippines even if they are offline or do not use a smartphone.

“The upgraded Free Bee app also allows Filipinos in Canada, South Korea, United States, India, Singapore, Australia, and Japan to use a Virtual Philippine Number — a local Smart number that is assigned or paired to their Free Bee account — so that their families in the Philippines can freely call or text them and be charged only with local rates,” the company noted.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

DoE says more study needed before clearing palm oil for biofuel

THE Department of Energy (DoE) said Thursday that more study is needed before it can greenlight the addition of palm oil to the biofuel mix, as proposed by the Federation of Philippine Industries (FPI).

“(We) emphasize that a thorough technical study should first be conducted, particularly on the development of standard specifications for biodiesel from palm oil,” the DoE said in a statement.

The DoE said the FPI proposed using palm oil as feedstock to help bring biodiesel prices lower, and asked that Philippine National Standards (PNS) be prepared to accommodate palm oil into the biodiesel mix.

The DoE clarified that it has yet to approve such a proposal by the FPI, which had announced that the DoE has “agreed” to its proposals.

The DoE said one sticking point is that under Republic Act 9367 or the Biofuels Act of 2006, “only locally-sourced biofuel components shall be used in the biodiesel-blend mandate.”

FPI Chairman Jesus L. Arranza during the association’s virtual meeting with the DoE that he will ask Indonesia and Malaysia to allow the Philippines to use their standards as the basis for a biofuel PNS.

The DoE said it will bring the FPI proposal to the National Biofuel Board-Biodiesel Committee (NBB-BDC), for a comprehensive evaluation and recommendation, as per its commitment to the FPI.

The NBB-BDC is composed of the DoE, Philippine Coconut Authority, Department of Science and Technology, Department of Labor and Employment, and the Department of Trade and Industry. — Marielle C. Lucenio

Floor price for seized-vehicle auction set at P29 million

PHILSTAR FILE PHOTO

SMUGGLED luxury vehicles seized by the Bureau of Customs (BoC) will be disposed of in an auction, with the floor price set at P29 million.

The auction was announced in a notice of public auction by the BoC, as directed by Finance Secretary Carlos G. Dominguez III.

The bureau will auction on Dec. 13 five used vehicles it seized in May and June — a 2008 Ferrari Scuderia 430, a 2001 Porsche Boxster, a 2001 Mercedes Benz SLK350, a 2001 Mercedes Benz SLK55, and a 2011 Mercedes Benz E220.

The seized cars are covered by orders of forfeiture issued by the BoC.

“To ensure transparency of the process and to promote competition through broad dissemination of auction information, an Inter-Agency Auction committee composed of representatives from the BoC, the Bureau of the Treasury (BTr), and the Land Bank of the Philippines was formed,” the BTr said in a statement Thursday.

The auction will be livestreamed through the government agencies’ Facebook pages.

“This administration is very serious in addressing collusion in the disposal of smuggled goods. Through the added network of the BTr and Landbank, the notice of auction and other key information on the vehicles will be made available to the wider public, thus enhancing the competitive nature of the process,” the BTr said.

The BoC usually destroys smuggled cars, including 21 vehicles worth P58.55 million in June.

Individuals, sole proprietorships, partnerships and corporations may participate in the public auction on Dec. 13. Bidders may register with BoC between Dec. 2 and Dec. 9. — Jenina P. Ibañez

Legislators push for P10,000 gift to gov’t contractual workers

BW FILE PHOTO

HOUSE LEGISLATORS from the Makabayan bloc urged President Rodrigo R. Duterte to approve a P10,000 gratuity for government contractual workers for the holidays.

The bloc filed House Resolution 2391 for the benefit of job order (JO) and contract of service (COS) government workers, saying these categories of employees need help with basic expenses.

“While regularizing JO and COS workers would be the best Christmas gift, granting gratuity pay during this time of pandemic and high inflation rate is the very least the government can provide to show their appreciation,” they said in the resolution.

Inflation was 4.6% in October, bringing the 10-month average to 4.5%. The rate exceeds the 2-4% target band of the Bangko Sentral ng Pilipinas for the year.

The Makabayan bloc cited the August 2021 Inventory of Government Human Resources, which tallied 582,378 JO and COS workers, comprising 25% of total government personnel.

Contractual government workers do not enjoy benefits given to regular employees such as bonuses during the middle and end of the year.

“In the face of lack of regular personnel, (contractual workers) are important in the provision of government services,” the Makabayan bloc said. — Russell Louis C. Ku

Entertainment News (12/03/21)

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Misalucha, Seguerra headline e-concert

LANI Misalucha and Ice Seguerra will headline Handog at Pasasalamat: Benefit e-concert, presented by A Teacher Party-list, slated on Dec. 11, 6 p.m. It will be streaming on the group’s Facebook page, the YouTube channel Sessionslive, and Kumu for free. Joining Ms. Misalucha and Ms. Seguerra are a cappella group Pinopela, Tawag ng Tanghalang Season 2 grand finalist Sofronio Vazquez III, alternative band Love Commercial, and the youth chorale group Saint Vincent Ferrer Parish Church Angelico Voce Chorale with Mary Elaine as conductor.

8 BALLIN’ releases new single

THE FILIPINO rap group 8 BALLIN’ explores new grounds with the release of its debut single, “Di Na” under Def Jam Philippines. The crossover anthem allows the group to set an acoustic-tinged blueprint for local hip-hop and infuse it with a contemporary-sounding approach to production. The track tackles love in its many forms, rejecting stereotypical presentations. The music video for “Di Na,” which is helmed by budding filmmaker TMP, will be out on Dec. 3. “Di Na” is available on all streaming platforms worldwide.

Ballistik Boyz release new single, album

COMPRISED of seven members from Japan — Ryuta Hidaka, Yoshiyuki Kano, Ryusei Kainuma, Miku Fukahori, Rikiya Okuda, Riki Matsui and Masahiro Sunada — the Ballistik Boyz have come out with a new album, Pass The Mic, and lead single, “All Around the World.” The song talks about how the group’s members believe in themselves and their capabilities as they aim to make their dream of making it big in the world. The music video for “All Around the World” can be seen at https://www.youtube.com/watch?v=CiJpKiE0x_A. The group’s previous releases can be seen and heard at https://www.youtube.com/watch?v=CiJpKiE0x_A.

No Time to Die in cinemas on Dec. 15

IN NO Time to Die — Daniel Craig’s final outing as James Bond Bond is enjoying a tranquil life in Jamaica. His peace is short-lived when an old friend from the CIA turns up asking for help. The mission to rescue a kidnapped scientist turns out to be far more treacherous than expected, leading Bond onto the trail of a mysterious villain armed with dangerous new technology. The film, directed by Cary Fukunaga, is a reunion of different cast members from previous Bond films.  Previews begin on Dec. 13 at 6 p.m. and on Dec. 14 (whole day) before opening nationwide on Dec. 15. Check local listings for schedules.

Nintendo Switch releases Original TikTok effect

THE POKÉMON Company, as part of the release of the Nintendo Switch titles, Pokémon Brilliant Diamond and Pokémon Shining Pearl, recently released a special Original Effect available for use on the short-video platform TikTok for a limited time. Now, trainers can play with their favorite Pokémon by making faces with them. Trainers can also easily create and record their own posts by accessing the Effect Page with this link https://vt.tiktok.com/ZSeSxHULv/. “Make Faces with Pokémon” on Tik Tok is available until Feb. 2, 2022.

Catriona Gray facilitates course in Nas Academy

MISS Universe 2018 Catriona Gray met her students during the “Meet-the-Creator” segment of her “How to Be a Queen” online course at Nas Academy. The global edtech platform opened the Catriona Gray Academy in November, with almost 1,000 registered students aspiring to follow in the footsteps of a beauty queen. Ms. Gray’s course centers on personality development and confidence-building, where students are coached on making a powerful first impression and becoming the best version of themselves. Nas Academy is building a community of Filipino educators and learners by offering courses on personal development, small business empowerment, and content creation on its platform. The Catriona Gray Academy, alongside the Carlo Ople Academy and the Anthony Francisco Academy, are among the first batch of Filipino creator academies that are open for enrollment. In September, Nas Academy also launched its Community Classes, with 7,000 students in its first month. The classes were offered, and will continue to be offered, free of charge.

Sex and the City sequel kicks off Dec. 9

THE 10-EPISODE sequel to the HBO series Sex and the City, And Just Like That…, will debut at the same time as the US with two episodes on Dec. 9 on HBO GO. The following eight episodes will premiere weekly on subsequent Thursdays. And Just Like That…, from executive producer Michael Patrick King, follows Carrie (Sarah Jessica Parker), Miranda (Cynthia Nixon) and Charlotte (Kristin Davis) as they navigate the journey from their 30s to the even more complicated reality of life and friendship in their 50s. Also in the cast are Sara Ramírez, Sarita Choudhury, Nicole Ari Parker, Karen Pittman, Chris Noth, Mario Cantone, David Eigenberg, Willie Garson, and Evan Handler. Stream or download And Just Like That… from Dec. 9 or catch up on all six seasons of Sex and the City as well as the two Sex and the City movies, all of which are now available, on HBO GO.

Tony Bennett, Lady Gaga concert airing on MTV

MTV announced the world premiere of MTV Unplugged: Tony Bennett & Lady Gaga exclusively on MTV in the US and globally. Fans in Southeast Asia can catch the same-day premiere on Dec. 17, 6 p.m. PHL, 7 p.m. WIB, 8 p.m. SG, and 9 p.m. MY. The episode, filmed earlier this year in front of an intimate audience in New York City, features the duo coming together to perform a combination of stripped-back duets and solo songs from the album Love for Sale. The critically acclaimed collaborative album celebrates the Cole Porter Song Book and is the culmination of the two singers’ decade-long recording history and friendship. MTV Unplugged: Tony Bennett & Lady Gaga will premiere during “Love Music With MTV,” a month-long global celebration of the brand’s best music series and moments from the VMAs to Unplugged.

EEI gets PSE nod for P6-B follow-on offer

BW FILE PHOTO

THE Philippine Stock Exchange (PSE) has approved EEI Corp.’s application for its P6-billion follow-on offering.

“The exchange approved the application of EEI Corp. for the listing of up to 60,000,000 preferred shares, subject of the follow-on public offering of the company, at an offer price of P100.00 per offer share,” the PSE said in a list-ing notice on Thursday.

EEI’s offering comprises 40 million preferred shares, with an oversubscription option of up to 20 million preferred shares. The company plans to issue the shares as Series A preferred shares and/or Series B preferred shares.

Net proceeds from the offer will be used to partially fund EEI’s future projects, to pay for its existing short-term loans, as budget for new equipment, and for general and working capital requirements.

EEI aims to conduct its offer period from Dec. 9 to 15, while the listing of preferred shares is slated for Dec. 23. Shares will be listed under ticker symbols “EEIPA” and “EEIPB.”

“The exchange’s approval of the listing of the EEIPA and EEIPB shares is subject to the Company’s compliance with all of the conditions and post-approval requirements of the exchange,” the PSE said.

The company tapped RCBC Capital Corp. as the sole issue manager of the offer and it will be joined by SB Capital Corp. as joint lead underwriters and bookrunners.

Listed EEI shares on Thursday closed unchanged at P6.40 apiece. — Keren Concepcion G. Valmonte

Fintech firm PayKey working with PHL banks on wage access technology

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ISRAEL-BASED financial technology company PayKey plans to work with local banks to offer technology that would allow employees to access their wages on demand.

PayKey launched its Earned Wage Access program in the Philippines as it plans to link with banks to offer companies the solution. Employees can access payments through a mobile application.

The company said it is in “advanced talks with some leading banks” in the country, and it plans to introduce the program’s mobile app in the local market early next year.

PayKey Asia Pacific Sales Director Liron Gross said the company will announce the names of the banks it is working with at a later date.

“They have some serious corporate accounts in all industries, whether it’s fast-food chains or retail,” she said at a virtual briefing on Thursday.

PayKey General Manager Roy Gabriel said the company sees the Philippines as one of the “focus places” for the solution.

“Together with the bank, we onboard an employer that was approved by the bank. We make sure that the employer has the resiliency to pay the salaries,” he said.

“Our technology gets the data from the payroll system.”

Mr. Gabriel said salary access would help employees that face unanticipated expenses.

“In the Philippines, the generation is getting younger. With the coming of age of digital native generations, such as millennials and Gen Zs, employees now expect everything to happen fast and with just a few clicks,” he said.

Government agencies plan to tighten taxation and regulation of financial technology companies as their business activities surge amid the pandemic, the Department of Finance said last month. — Jenina P. Ibañez

The best training method you’ve never heard of

ELBONOMICS: The best way to learn is to teach.

We’re planning to organize a quality and productivity management webinar for our employees. Is it advisable to have a pre-test and post-test to determine the amount of learning accomplished from the resource speaker and facilitator?

A priest at a small rural community was having trouble with his collections. One Sunday, he announced from the pulpit: “Before we pass the collection plate, I would like to request that the person or persons who stole the chickens from Brother Tony’s farmhouse, please refrain from giving any money to the Lord.

“The Lord doesn’t want any money from thieves.”

Does manipulating people cause them to do what we want them to? I’m exaggerating, of course, but you need to ask yourself what the objective is if you want to measure the learning people get out of a seminar? Testing might not tell you what you’re trying to measure, because if seminar participants fail to pass, is that the fault of the speaker or the learners?

It’s standard procedure for me to require prospective participants to take a pre-workshop online test. My objective is to determine how much time and effort I will be need to re-calibrate my presentation materials. If I can figure out the participants’ baseline levels of understanding, it could save a lot of time to focus on other things.

I doubt if we can achieve the same thing with a post-seminar evaluation, unless the objective is to determine the training effectiveness of the subject matter expert.

TRAINING NEEDS

The best approach in ensuring that we get the best out of a training program is to treat every worker as a responsible learner. We shouldn’t treat them like schoolchildren whose performance must be measured through a test. I don’t work that way. If a post-seminar test is requested, I would advise my clients to reward the top three or five persons who performed best, rather than penalizing those who did less well.

This might seem extreme to some managers, but there’s no better way but to expect that people translate their learnings into desirable work performance, with or without a training program. What if participants fail the post-seminar test and yet exceed their production targets by taking a different approach that did not draw from the lessons of a training program?

First and foremost, what does the training needs analysis tell us? Do the workers believe a training program is imperative for them to improve their performance? Is this opinion shared by their line supervisors and managers? We don’t just organize a training program because management suspects it’s the best solution for improving performance.

If some workers don’t want to participate in such a program, how do you ensure that they still meet, if not exceed management expectations? My experience tells me to take a different approach. If workers are not meeting their targets, it might be better to ask them about their challenges and the assistance they need from management, outside of a training program.

If workers are too demotivated to attend a training program, or if they attend and fail to apply the lessons to improve their work performance, then what would be the next step?

TEACH TO LEARN

A Japanese saying is attributed to the famous samurai Miyamoto Musashi (1584-1645), who said: “Let the teacher be as a needle and the student as a thread.” Students must naturally follow the teachings of their teacher, regard-less of circumstances.

Related to this principle is another thought-provoking lesson: “If the student hasn’t learned, the teacher hasn’t taught.” Harish Jose, a lean management practitioner, claims it came from Training within Industry program implemented in 1940 to 1945 by the United States Department of War. The objective was to provide consulting services to various organizations in war-related industries.

I would go beyond that by advising people to teach any subject that interests them. This is the best way to learn. It’s not about memorizing theories, but rather doing what’s practical, especially in this time and age when most attention spans are limited to eight seconds, even shorter than that of a goldfish, according to the findings of a Microsoft study in 2000.

Rather than tell people to attend training programs, it is best that management require them to do research, refine the lessons learned, and teach these lessons to their colleagues. Then let them judge them on the basis of the outcome. You’ll save a lot of money doing this compared to hiring external consultants like me.

 

Have a chat with REY ELBO via Facebook, LinkedIn or Twitter or send your workplace questions to elbonomics@gmail.com or via https://reyelbo.consulting

What to see this Week

(L-R): Karun (Harish Patel), Kingo (Kumail Nanjiani), Sprite (Lia McHugh), Sersi (Gemma Chan), Ikaris (Richard Madden), Thena (Angelina Jolie), Gilgamesh (Don Lee) in Marvel Studios' ETERNALS. Photo courtesy of Marvel Studios. ©Marvel Studios 2021. All Rights Reserved.

Eternals

THE LATEST offering from Marvel tells an epic story about a team of immortal heroes which is forced to act when The Deviants — mankind’s oldest enemy — resurface. The team includes the all-powerful Ikaris, humankind-loving Sersi, cosmic-powered Kingo, the super-fast Makkari, the inventor Phastos, the spiritual leader Ajak, the old-soul Sprite, the powerful Gilgamesh, the loner Druig, and the fierce warrior Thena. Directed by Chloé Zhao, the film stars Angelina Jolie, Richard Madden, Salma Hayek, Kumail Naniani, Gemma Chan, and Kit Harington. The Verge’s Chaim Gartenberg writes in his review, “It’s not that Marvel movies can’t handle this many characters. The jam-packed Avengers films, or even the Guardians of the Galaxy movies, are testaments to the studio’s talent at coherently cramming dozens of heroes into a single film. But Eternals has an uphill battle that starts with the fact that we’re meeting all these characters for the first time despite Marvel’s 20-plus films and shows.” Rotten Tomatoes’ Tomatometer gives the film a score of 48%; while its audience score is 78%.