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HomeBusiness News

Business News

Business News

Signs Of The Times: Allen Media Group Becomes One More Hollywood Institution To Lay Off Employees

The layoffs began at the popular digital platform TheGrio. Christy Oglesby, Managing Editor of the online publication, was terminated in late April, along with several employees from the video and podcast divisions, first reported by […]

Business News

Sony And Apollo Global Management Offers $26 Billion All-Cash Deal To Acquire Paramount

There’s a new development in the ever-unfolding Paramount Global saga. Fresh off the media entity considering an exclusive merger deal from Skydance Media in the midst of losing its latest CEO Bob Bakish, a competing […]

Business News

CEO Bob Bakish Steps Down Amid Offers For Paramount Global, Office Of CEO Led By Brian Robbins, George Cheeks, And Chris McCarthy

Three senior executives will be holding position in the Office of the CEO as news breaks that Paramount Global’s chief executive and president is stepping down from the role with an estimated severance package of […]

Business News

Tyler Perry Shakes Hands Once Again With BET For New Multi-Year Deal

Tyler Perry has solidified a new multi-year deal with Paramount company BET Media Group. The mega-producer will renew eight of his shows on the channel and its streaming component, BET+. Those television series will include […]

Business News

Sony Music Lands Bargain Deal, Pays Around $600M For Michael Jackson’s Catalog Valued More Than $1.2B

When Michael Jackson passed away at the age of 50 in 2009, the rumor mill on major media outlets spread the narrative that the King of Pop was in so much debt he practically died […]

Business News

Disney Aiming For More Profitable Fiscal Year After Quarterly Earnings Report And Jolt In Stock Price

Disney experienced a 12% increase in stock price at close on Thursday after releasing the company’s Q1 earnings report a day before. The results exceeded expectations in what many consider a gloomy economy for legacy […]

Business News

Washington, D.C. Tops List Of Most Overworked Cities In U.S., Las Vegas Nabs Least Overworked City Title

Washington, D.C., the nation’s capitol, is the most overworked city in the United States, according to a report by FinanceBuzz.  That same report reveals the casino-driven hub of Las Vegas, NV is the least overworked city, […]

Business News

State Of California Fast Food Law Boosts Minimum Wage For 2024 To $20 Per Hour

The State of California has approved a new law that will raise the hourly minimum wage for fast food restaurant employees to $20 per hour. The fast food law will be effective statewide beginning April […]

Business News

Drake’s OVO x Texas Longhorns And Kentucky Wildcats Collections Sell Out In First Few Hours, Restock Underway

Drake’s OVO college sports collection kicked off to an impressive start. The NCAA approved line sold out within a matter of hours upon its release on Friday (Sept. 28) morning, to the dismay of several […]

Business News

Tech Firms Are Now Recruiting Creative Writers To “Feed” Their AI Competitors

On the hot heels of the Writers Guild of America ending their summer-long strike, there’s already some controversial job offerings making its rounds. It appears companies fostering machine-learning and large language models (LLMs) have found […]

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