Tag: Hollywood
Disney+ Chasing Profitability: Pixar Will See Layoffs in 2024
TechCrunch reports that Pixar Animation Studio will undergo layoffs this year, with insiders indicating it may be as much as 20% of the animation house’s workforce. The layoffs will include hires forced on the studio by Disney to produce content for Disney+. The studio insiders claim that the curr...
Read MoreTom Cruise Signs Movie Deal with Warner Bros.
Warner Bros. Discovery is about to save a lot of money on stunt men. In a press release today, the studio announced that it is partnering with Tom Cruise to “develop and produce original and franchise theatrical films starring Cruise in 2024.” Cruise’s production company (which I learned today...
Read MoreTaylor Swift Can’t Take a Joke
The Golden Globes aired last night, and nobody seems to care who won or lost, if they can even remember who was nominated. But the biggest story comes from a tense moment between host Jo Koy and music superstar Taylor Swift. During his monologue, one of Koy’s jokes was about Swift attending NFL ga...
Read MoreKevin Smith’s Smodcast Cinemas is Struggling
In 2022, Kevin Smith and some friends bought Atlantic Cinemas, a movie theater in Atlantic Highlands near Smith’s hometown of Red Bank, New Jersey. The idea was to preserve a treasure of his youth, and since rechristening it Smodcastle Cinemas, Smith has played classic movies – along with some o...
Read MoreDisney Reinstates Stockholders Dividends
According to The Hollywood Reporter, Disney will resume paying dividends to its stockholders following a three-year freeze instituted due to COVID. They will pay out $0.30 per share as of December 11, 2023, compared to the $0.88 they were giving out prior to COVID. The payments will begin in January...
Read MoreDisney Expands Board to 13
Disney’s board of directors is expanding in the new year, with Morgan Stanley CEO James Gorman joining beginning February 5th and former Sky chief Jeremy Darroch on January 9th. In addition, former president and CEO of Illumina Francis A. deSouza won’t stand for reelection at Disney’s annual m...
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