Business

Apr

23

2022

Joe Rogan Claims Massive Subscriber Boost Due to Recent Controversies

Business, EntertainmentBusiness, Entertainment, JoeRogan

BY JAMES HIBBERD | HollywoodReporter.ComTroy Warren for CNT #Business #EntertainmentThe podcaster says his recent headlines gained him two million new Spotify listeners, though sources counter that his subscriber growth has been consistent.Joe Rogan says his recent controversy has given his Spotify podcast even more horsepower.The podcaster claims the media frenzy over anti-vax conspiracy theorist guests and his past use of the N-word has netted him two million additional subscribers.In Friday’s episode of The Joe Rogan Experience, the comic and UFC commentator was asked by his guest, British political commentator Douglas Murray, about the uproar.“You have been put through the wringer…

Mar

27

2022

By Troy Warren

MGM is now owned by Amazon

BusinessAmazon, Business, MGMStudios, PrimeVideo

JACLYN DIAZ | NPR.OrgTroy Warren for CNT #BusinessAmazon's nearly $8.5 billion deal to purchase the film and television studio MGM is official. The two companies announced Wednesday that MGM is now a part of Prime Video and Amazon Studios — cementing the merger that was first announced last May.This is the second-largest acquisition for Amazon after purchasing Whole Foods. The purchase of the movie and TV studio behind iconic films like the James Bond franchise, Rocky, The Silence of the Lambs and Legally Blonde is just the latest in big-name media and streaming-service mergers.Last year, AT&T announced a merger of…

Mar

20

2022

By Troy Warren

How the Great Depression Reshaped Hollywood Studios’ Ties With Workers

Business, EntertainmentBusiness, Entertainment, Paramount, TheGreatDepression

BY ERIC HOYT | HollywoodReporter.ComTroy Warren for CNT #Entertainment #BusinessThe crash culminating in the March 1933 bank holiday — in which workers felt studios used the crisis to cut salaries and increase corporate profits — proved a pivotal moment for the industry, as depicted in forthcoming book ‘Ink-Stained Hollywood.’“The motion picture business is neither depression-proof nor fool-proof,” observed Abram F. Myers in the pages of Film Daily and The Film Daily Year Book at the dawn of 1932. The occasion was reflections from industry leaders on the past year, and Myers, the chairman of the Allied States Association and longtime…

Mar

17

2022

By Troy Warren

Chris Cuomo wants $125 million for ‘unlawful’ CNN firing

Business, In The NewsBusiness, ChrisCuomo

By DAVID BAUDER, Associated Press Troy Warren for CNT #Business NEW YORK (AP) — Chris Cuomo wants an arbitrator to award him $125 million for his firing from CNN, alleging his bosses knew full well how he advised his brother, former New York Gov. Andrew Cuomo, and suggested they did the same themselves. His filing seeking arbitration on Wednesday exposed more ugliness at the network, where Cuomo, CNN chief Jeff Zucker and his top deputy, Allison Gollust, have all been ousted in the past three months. Zucker fired Cuomo, host of the network's most popular prime time show, in December…

Mar

10

2022

By Troy Warren

Major Food Brands and Restaurant Chains Are Suspending Their Operations in Russia

Business, FoodieBusiness, Foodie

By Jelisa Castrodale | FoodAndWine.ComTroy Warren for CNT #Foodie #BusinessMcDonald's and Starbucks both announced they will continue to pay their employees.McDonald's and Starbucks have both announced that they are temporarily closing their restaurants and cafes in Russia. In a brief statement, U.S. drinks giant Coca-Cola said that it was "suspending its business" in the country, and PepsiCo has also made the decision to suspend the sale of Pepsi Cola, 7Up, and Mirinda soda in the Russian market.In an email sent to McDonald's employees and franchisees, CEO Chris Kempczinski wrote that the company's "values mean we cannot ignore the needless human…

Feb

27

2022

By Troy Warren

YouTube Pauses Monetization for Russian Media Channels Following Sanctions

BusinessBusiness, YouTube

BY ABBEY WHITE | HollywoodReporter.ComTroy Warren for CNT #BusinessThe news follows a similar move on Friday from Meta which is "now prohibiting Russian state media from running ads or monetizing on our platform anywhere in the world" according to security policy head Nathaniel Gleicher.YouTube is pausing Russian affiliated channels’ ability to monetize on the video platform, the company announced on Saturday.In a statement, YouTube announced it would be suspending several channels’ ability to collect ad revenue, including the state-funded media outlet RT. The move comes just days after Russia’s decision to invade Ukraine on Thursday.“In light of extraordinary circumstances in…

Feb

22

2022

By Troy Warren

Home Depot sales top $150B for first time amid home renovation surge

BusinessBusiness, HomeDepot

By Michael E. Kanell, The Atlanta Journal-ConstitutionTroy Warren for CNT #BusinessHome Depot last quarter recorded sales of $35.7 billion to close its fiscal year with $151.2 billion as the giant hardware chain continued its pandemic surge to a record result, the company reported Tuesday.Sales for the Vinings-based retailer during the fourth quarter were up 10.7% from the same period a year earlier. Home Depot’s annual revenues rose 14.4% from the previous year.During the past two years, Home Depot sales have surged by more than $40 billion, said Craig Menear, company chairman and chief executive, in a statement. “Fiscal 2021 was…

Feb

20

2022

By Troy Warren

Roku Reaches 60M Active Users as Total Revenue Misses Expectations

BusinessBusiness, Roku

BY J. CLARA CHAN | HollywoodReporter.ComTroy Warren for CNT #BusinessThe company saw a modest increase in streaming hours during Q4, growing from 18 billion hours to 19.5 billion.Roku reached 60.1 million active users in the last quarter of 2021 as total revenue for the company fell below Wall Street expectations at $865.3 million.Streaming hours saw a modest increase between Q3 and Q4, growing from 18 billion hours to 19.5 billion in the latest quarter. In a letter to shareholders, the company attributed slower account growth to supply chain delays caused by the pandemic impacting the U.S. TV market.The slowdown is…

Feb

18

2022

By Troy Warren

Home prices up 23.5% from a year ago, with investors fueling the surge

BusinessBusiness, HomePrices

By Michael E. Kanell, The Atlanta Journal-ConstitutionTroy Warren for CNT #BusinessHedge funds and corporations have been buying up houses in metro Atlanta, adding fuel to an already hot market in which buyers are frequently bidding against each other as they try to find their next home among the shrinking options.“There is a complete imbalance of supply and demand,” said Kristen Jones, owner of Re/Max Around Atlanta Realty. “I don’t think we will continue to see the double-digit appreciation that we have seen over the past two years, but prices will continue to rise.”The median price of a home sold in…

Feb

13

2022

By Troy Warren

Coca-Cola: Drinkers venturing out again, but inflation dampens outlook

Business, In The NewsBusiness, CocaCola

By Michael E. Kanell, The Atlanta Journal-ConstitutionTroy Warren for CNT #BusinessWhen it comes to the highs and lows of global consumer sentiment, Coca-Cola is a pretty good barometer.With operations in about 200 countries, the 135-year-old beverage giant takes continual readings through customers’ purchases of its wide array of soft drinks, sports drinks, water, coffee, tea and juice.And worldwide consumption has been telling the story of upbeat consumers trudging steadily back toward some semblance of normality even as the coronavirus continues to circulate.Atlanta-based Coke said Thursday it sold more “away from home” products in the fourth quarter than it did in…

Latest News