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Streaming Surges to Record High in November Amid TV Usage Boom
1 year ago•Source: Hollywood Reporter
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Charlie Rose Settles Long-Standing Sexual Harassment Lawsuit
Charlie Rose has settled a sexual harassment lawsuit filed by three former CBS employees just before the trial was set to begin. The terms of the settlement were not disclosed, but the accusers acknowledged that different interpretations of Rose's conduct were possible. The lawsuit, which alleged repeated harassment and unwanted advances, was dismissed with prejudice, preventing it from being refiled. Rose, who was fired from CBS in 2017 following multiple allegations, continues to maintain a YouTube channel.
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Netflix Faces $50M Defamation Lawsuit Over 'Baby Reindeer' Portrayal
Fiona Harvey has filed a $120 million defamation lawsuit against Netflix, claiming the series "Baby Reindeer" falsely depicts her as a convicted stalker and sexual assailant. Harvey alleges Netflix did not verify the show's claims, which she says are untrue and damaging. The lawsuit seeks injunctive relief and accuses Netflix of negligence and violating publicity rights.
Netflix and Ava DuVernay Resolve 'When They See Us' Defamation Case
Netflix and Ava DuVernay have settled a defamation lawsuit with former NYC prosecutor Linda Fairstein over her portrayal in the series "When They See Us." The settlement includes moving a disclaimer to the beginning of each episode and a $1 million donation to the Innocence Project, with Fairstein receiving no money. The case, closely watched for its potential impact on biographical content, was set to go to trial next week.
"Adani Group's Financial Surge: Profits Soar, Debt Falls, Shares Rally"
The Adani Group's credit profile has significantly improved as its net debt to Ebitda ratio has declined to 2.19 times in FY24, with cash reserves at an all-time high of Rs 59,791 crore. The group's credit ratings have seen substantial upgrades, and its diversified debt capital book shows balanced exposure to domestic and global markets. Chairman Gautam Adani highlighted the group's resilience and strong recovery, with market capitalization reaching Rs 17.94 lakh crore.
"Wall Street Journal Faces Layoffs Amid AI Deal and Record Profits"
The Wall Street Journal has continued laying off journalists despite record profits, a surge in paid subscribers, and a lucrative $250 million licensing deal with OpenAI. The layoffs, part of a broader reorganization led by Editor in Chief Emma Tucker, have sparked protests from the newsroom's union. Tucker claims the changes are necessary for digital growth and high-quality journalism, but staff morale is low, and the union is negotiating for better pay and protections against AI use.
Trump's Stock Climbs Amid Jury Deliberation
Shares of Trump Media and Technology Group experienced volatility after former President Trump was found guilty on all 34 counts in a criminal hush money trial. Despite the conviction, Trump Media shares have risen over 7% this week. CEO Deven Nunes has called for an investigation into alleged stock manipulation. The company reported a significant operating loss for the first quarter but has seen its stock price increase by more than 180% this year.
Ramaswamy Pushes BuzzFeed for Conservative Hires and Job Cuts
Vivek Ramaswamy, who owns an 8.3% stake in BuzzFeed, is pushing for a major overhaul of the struggling media company, including hiring prominent figures like Bill Maher, Tucker Carlson, Charles Barkley, and Aaron Rodgers. Ramaswamy criticized BuzzFeed's past journalistic decisions and called for a complete rethinking of its content. BuzzFeed CEO Jonah Peretti has rebuffed these demands, citing misunderstandings about the company's operations. BuzzFeed's stock has seen a recent uptick, but the company continues to face financial challenges.
"Virginia Tech Firm Criticized for Racist Job Ad"
Arthur Grand Technologies, a Virginia-based company, faced backlash and legal action for a job posting that restricted applications to "US Born Citizens [white]," violating the Immigration and Nationality Act. The company claimed the ad was posted by a disgruntled worker. They settled with the Justice Department, agreeing to pay a $7,500 civil penalty and $31,000 in compensation to complainants.
WWE Faces Setback in Antitrust Lawsuit Over Media Rights Monopoly
A federal judge has rejected WWE's bid to dismiss an antitrust suit from rival outfit Major League Wrestling, concluding that WWE could have violated antitrust laws by insisting on exclusivity agreements with media partners. The suit explores WWE's allegedly anticompetitive conduct to box out competitors. MLW sued the Vince McMahon-led company last year for "unlawfully interfering with [its] access to media markets." The complaint is wide-reaching in scope, accusing WWE of tampering with MLW's media deals and barring its employees and venue partners from working with competitors.
Marvel Settles Dispute Over Avengers Characters.
Marvel has settled disputes over copyrights in comics created by several writers and artists, including Gene Colan, Don Heck, Larry Lieber, and Don Rico, but the fight with Steve Ditko's estate continues. Marvel filed a series of lawsuits in response to copyright termination notices from Larry Lieber and the estates of Gene Colan, Steve Ditko, Don Heck, and Don Rico. The fight is over the rights to titles including The Avengers, Captain America, Iron Man, and more. Marvel has reached deals that resolve four of the fights, but the fate of Amazing Fantasy and Strange Tales is still to be determined.
Writers Guild Sets Strike Rules: No Writing, Pitching, or Negotiating Allowed.
The Writers Guild of America has released the rules that would go into effect if the organization decides to strike when the current contract expires on May 1. The guild is currently in active negotiations with the Alliance of Motion Picture and Television Producers for a new contract, and 98 percent of members have voted to authorize a strike if a new deal isn’t reached by then. During a strike, writers cannot do any writing, revising, pitching or discussing future projects with companies that are members of the AMPTP. If members do not abide by the rules, the Guild can impose discipline for violations, including but not limited to, expulsion or suspension from membership, imposition of monetary fines or censure.