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Tag: entertainment

  • Disney lays off more than 300 streaming-focused employees in China

    Walter Disney Co. DIS 2.16% has laid off more than 300 Beijing employees working on its streaming services, according to people familiar with the situation, as part of a cost-cutting and restructuring effort at the entertainment company. The layoffs in China come after Disney this week began implementing the first wave of cuts in a […]

  • Disney is eliminating its Metaverse division as part of the company’s layoff plan

    Mickey Mouse has left the metaverse. Walter Disney Co. DIS 1.64% has eliminated its next-generation storytelling and consumer experience division, the small division that people familiar with the situation said was working on metaverse strategies, as part of a broader restructuring that is expected to reduce company-wide workforce by approximately 7,000 over the next two […]

  • Internet Archive loses copyright infringement lawsuit

    A judge on Friday ruled against Internet Archive, a free online digital library, in a lawsuit brought by four top publishers who claimed the company was in violation of copyright laws. The publishers, Hachette Book Group, HarperCollins, John Wiley & Sons and Penguin Random House filed suit against Internet Archive in 2020, allegingThe company had […]

  • San Francisco fights urban disorder – and goes after a small free library

    SAN FRANCISCO – Many streets in this city are clogged with homeless tents, drug addicts and illegal vendors. City inspectors recently went after a Little Free Library. “Remove unauthorized encroachments on public highways,” a city message to Susan and Joe Meyers ordered, unless they have applied within 30 days For a $1,402 “Minor Sidewalk Encroachment […]

  • Twitter offers new stock exchanges to staff

    Twitter Inc. is offering new equity grants to staff who vest after six months, according to an email sent late Friday, which was reviewed by The Wall Street Journal. The company plans to offer a liquidity event in about a year, where employees can cash in some of their equity, the email shows. The number […]

  • Court rules that the book service of the online archive has violated copyright

    NEW YORK (AP) — A federal judge has sided with four publishers who sued an online archive for unauthorized scanning of millions of copyrighted works and offering them to the public for free. Judge John G. Koeltl of the US District Court in Manhattan ruled that the Internet Archive produced “derivative” works that required permission […]

  • From the sudden collapse of the SVB to the consequences of Credit Suisse: 8 charts show turbulence in the financial markets

    A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in […]

  • US threatens ban if TikTok’s Chinese owners don’t sell stakes

    WASHINGTON — The Biden administration is demanding that TikTok’s Chinese owners sell their shares in the video-sharing app or risk a potential U.S. ban on the app, according to people familiar with the matter. The move represents a major policy shift on the part of the government, which has come under fire from some Republicans […]

  • What happened to Silvergate Capital? And why does it matter?

    Silvergate capital AND served as one of the most important banks for the crypto industry before it collapsed earlier this week. The news came just a week after the company delayed its annual report to the U.S. Securities and Exchange Commission, causing Silvergate Capital’s shares to collapse. Here’s a rundown of the timeline of what […]

  • Meta is planning new layoffs similar to last year’s

    Facebook Parental Meta Platforms Inc. META -1.20% plans to announce additional rounds of layoffs in the coming months that would total about the same as last year’s 13% headcount cut, according to people familiar with the matter. The new cuts, the first wave of which is expected to be announced next week, are likely to […]