The top dogs of Hollywood are feeling the pressure of strikes, budget cuts, and the plague of layoffs. The decline in cable subscriptions, lower TV advertising revenues, and streaming losses mean Hollywood executives are facing the chopping block. Now, laid-off executives are warning that the entertainment industry will inevitably face long-term unemployment for several reasons. Layoffs Are the Norm Right Now Source: Pixabay/Pexels If you have been following entertainment news, you know that layoffs have been a norm in the industry over the last few years. While most of the layoffs have been for employees who worked for companies like…
Author: Alyssa Miller
The British media company, which is behind the 2024 Emmy-winning Nickelodeon Jr. show “The Tiny Chef Show,” and the Emmy-nominated preschool animated series, “Slumberkins,” is another victim of the streaming bubble burst. Cartoon Brew reports that the company no longer has funds to pay its liabilities, and will be shutting down. Factory Transmedia attributes much of the fault for the shortcomings of the relatively successful media company to market conditions, stating, “Over the last 12 months, broadcasters around the world have severely cut the number of projects being greenlit as the global economy and audience behaviors have changed markedly; these…
A future sports streaming service created by Disney, Warner Bros. Discovery, and Fox is facing backlash from Congress. According to The Hollywood Reporter, Disney CEO Bob Iger, Fox CEO Lachlan Murdock, and Warner Bros. Discovery CEO David Zaslav received a letter requesting their response to probing questions about the proposed venture from Reps. Jerrold Nadler and Joaquin Castro by April 30, with instructions to “please copy the Department of Justice in your response.” In February, Disney announced the unnamed streaming platform in a surprising move, which Iger called “an important step forward for the media business.” The channel promises to…
Take-Two Interactive is cutting the company’s staff by 5 percent in an attempt to cut costs and save money The video game publisher, known for publishing the “Grand Theft Auto” games and the “2K” sports games, is tightening their purse strings as they attempt to find new ways to cut costs. Their current cost-reduction plan, which involved laying off 5 percent of their 11,580 full-time staff, will also include eliminating “several projects in development,” and “streamlining its organizational structure,” according to The Hollywood Reporter. “As part of these efforts, the company is rationalizing its pipeline and eliminating several projects in…
The NFL Network is changing its roster as it lets go of four on-air personalities. This news comes at the NFL is reduce the staff at the NFL Network in recent weeks. Four Personalities Get Cut Source: NFL/Flickr Yardbarker reports that the company laid off Andrew Siciliano, who reported some of the network’s biggest stories, along with Melissa Stark, James Palmer, and Will Selva as it goes through another round of layoffs. Kyle Brandt, Peter Schrager, and Jason McCourty have not publicly announced their decisions yet. Andrew Siciliano Says Goodbye to “RedZone” Source: NFL RedZone/YouTube Siciliano has been a prominent…
After settling a class action suit over the “private” viewing mode in Chrome, Google announces that it will destroy millions of users’ search histories. This purge of billions of records will eliminate search histories and personal information collected from more than 136 million people using the Incognito viewing mode. Consumers Sue Google Source: Arkan Perdana/Unsplash In 2020, a group of consumers filed a $5 billion class action lawsuit against Google. The lawsuit alleged that Google was tracking and collecting data on people’s search histories, even if they were using the Incognito mode. This allegation was among many others in the…
Netflix has emerged as the predominant choice for most people when it comes to watching films and TV at home. Despite implementing price hikes and introducing ads over the past year, Netflix continues to dominate the streaming wars. However, you might want to double-check how much you are paying each month as this state plans to tax the streaming service. Maine Proposes a Streaming Tax Source: Anastasia Shuraeva/Pexels Maine’s governor proposed a new budget that could tax streaming services. According to a survey done by Forbes, 99 percent of American households have at least one streaming service. This means that…
A two-year legal battle ends as Disney and the state of Florida find a middle ground to end their battle over Gov. Ron DeSantis’s “Don’t Say Gay” law. The entertainment company and the DeSantis-approved board of the company’s special tax district made the settlement agreement. It has been a long road for Disney to reach this agreement. What exactly did the company agree to? Let’s get into it. The Beginning of This Two-Year-Long Battle Source: Ted Eytan In March 2022, DeSantis introduced Florida’s Parental Rights in Education bill, labeled by critics as the “Don’t Say Gay” bill, which created state…
Earlier this week, Federal agents with the United States Homeland Security raided Sean “Diddy” Combs’ houses in Los Angeles and Miami after a string of accusations. The rapper and music mogul is now facing multiple civil lawsuits accusing him of trafficking, abuse, and more. While Combs strongly denies all of these allegations against him, multiple women have come forward after his former partner, Cassandra “Cassie” Ventura filed a lawsuit against him in November. Who Is Sean “Diddy” Combs Source: Victor Oluwa/Pexels Combs, formerly known as Puff Daddy, P. Diddy, and by other stage names, was accused of abuse by Cassie…
Two of the world’s largest music companies–Universal Music Group (UMG) and Spotify–are teaming up to become the hub of music discovery. Over the last five years, TikTok has championed the title, but UMG is seeking another way to promote its artists. There are several reasons why UMG and Spotify are expanding their “strategic relationship.” Let’s get into it. UMG’s Battle With TikTok Source: Mart Production/Pexels In early 2024, UMG removed songs from TikTok after a long and fruitless battle with TikTok over royalties. UMG scrubbed recordings it owned, published, or distributed from the video-sharing platform. TikTok has served as the…