Search Result for 'cuts'

Skip examines a Netflix exec's recent claim that Paramount’s $6B in projected merger synergies are “code for job cuts,” arguing the framing is designed for regulatory and competitive impact rather than financial precision.

Vimeo has laid off a large portion of its workforce following its acquisition by Bending Spoons, marking the company’s second round of cuts in less than a year. Though exact numbers weren't disclosed, multiple staff, including senior leadership and product…

Warner Bros Motion Picture Group is cutting 10% of its workforce as part of a shift to a global operational structure, ending the traditional U.S./international split. The layoffs, affecting marketing, distribution, production, and other departments, are part of broader changes…

The Hollywood Reporter analyzes how top YouTube creators like Dhar Mann, Alan Chikin Chow, and Dude Perfect are building full-fledged studios that mirror traditional Hollywood production, complete with soundstages, professional crews, and scripted content. These creator-run businesses are reshaping the…

Peacock added 5 million subscribers in Q1 2025, reaching 41 million total, largely thanks to its new bundle with Charter’s Spectrum TV. The move jumpstarted growth after two stagnant quarters and helped cut quarterly losses to $215 million from $639…

Lionsgate had a strong Q3, slashing its losses by 80% to $21.9 million and beating Wall Street estimates with $970.5 million in revenue. The studio’s library revenue hit a record $954 million, and TV revenue surged 63%, fueled by post-strike…

Paramount Global is restructuring its distribution teams ahead of its 2025 merger with Skydance Media, integrating streaming and TV networks distribution. The move includes layoffs and follows broader cost-cutting efforts to save $500 million annually. Key executive Jeff Shultz will…

SiriusXM has announced a $200 million cost-cutting initiative and a strategic pivot to focus on its core automotive subscriber base, which comprises 90% of its customers. The plan includes reallocating resources from high-cost streaming audiences to prioritize vehicle-based subscribers, enhancing…

CEO Adam Symson of E.W. Scripps announced the company is winding down Scripps News and selling Bounce TV due to financial strain from the Ion acquisition and a weak advertising market. Symson outlined a strategic plan to improve financial performance,…

Allen Media Group, owner of The Weather Channel and several network affiliate stations, has enacted another round of layoffs, affecting its weather, news, and sports teams, as well as its AVOD service HBCU Go, Entertainment Studios, and ad sales divisions.…