Business

Dec
27
2021
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By Troy Warren
Inside the Hollywood Labor Rebellion: “We Have Awoken a Sleeping Giant”

Inside the Hollywood Labor Rebellion: “We Have Awoken a Sleeping Giant”

Business,
BY GARY BAUM, KATIE KILKENNY | HollywoodReporter.Com Troy Warren for CNT #Business According to union organizers and observers, the pandemic, streaming and corporate consolidation collided in 2021 to supercharge the activist playbook — and this is only the beginning. In his dozen years at IATSE Local USA 829 — United Scenic Artists — national business agent Carl Mulert says he’s never seen members as engaged as they are now, with more calls coming in to his office and heightened attendance at the organization’s meetings. “We have awoken a sleeping giant,” he says, explaining that the pandemic has reframed expectations about worker quality of life…
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Dec
25
2021
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By Troy Warren
UPS orders 19 more Boeing 767s for its delivery fleet

UPS orders 19 more Boeing 767s for its delivery fleet

Business,
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT #Business UPS is ordering 19 more Boeing 767 freighter aircraft to add to its fleet. The Sandy Springs-based shipping giant will take delivery of the new jets between 2023 and 2025. The order comes amid a surge in air cargo demand due to growth in e-commerceand express shipments. UPS was the launch customer for the 767 freighter in 1995 and has ordered 91 of the aircraft type over the years, as part of its fleet of more than 500 UPS and chartered aircraft. UPS operates a combination of Boeing 757s, 767s, 747s, MD-11s and Airbus A300s. The…
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Dec
22
2021
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By Troy Warren
Netflix Co-CEO Ted Sarandos to See Pay Hit $40M in 2022, Reed Hastings Set to Earn $34M

Netflix Co-CEO Ted Sarandos to See Pay Hit $40M in 2022, Reed Hastings Set to Earn $34M

Business, ,
BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business This past year saw the streaming giant expand into video games, acquire the Roald Dahl Story Company and see its subscriber growth stall, setting up 2022 to be a critical year for the company. Netflix co-CEO Ted Sarandos is set to out-earn his colleague and co-CEO Reed Hastingsin 2022. The executives are expected to earn $40 million and $34.6 million, respectively, next year, according to a regulatory filing that was published Tuesday afternoon. Hastings’ pay is made up of $34 million in stock options and $650,000 in base salary, while Sarandos will take a $20…
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Dec
20
2021
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By Troy Warren
Reddit Lays Groundwork for Public Offering With Confidential SEC Filing

Reddit Lays Groundwork for Public Offering With Confidential SEC Filing

Business, Digital, In The News, ,
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #Digital  #Business The company was most recently valued at $10 billion in a private fundraising round. Reddit has submitted a confidential registration statement with the SEC as the company prepares for a public offering in the new year. The company has not yet determined how many shares or the price offer for its common stock, according to an announcement released Wednesday evening by Reddit. Co-founded by Alexis Ohanian and currently led by CEO Steve Huffman, Reddit was most recently valued at $10 billion in an August fundraising round led by Fidelity Management and Research Company…
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Dec
20
2021
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By Troy Warren
ABC, ESPN Return to YouTube TV After Weekend Blackout Due to Carriage Dispute

ABC, ESPN Return to YouTube TV After Weekend Blackout Due to Carriage Dispute

Business, Entertainment, , , , ,
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #Entertainment  #Business YouTube TV will honor its previously announced $15 discount to existing users for one month, even though access to Disney-owned channels will resume on Sunday. After a brief blackout that began on Friday night, ABC, ESPN and several other Disney-owned channels will return to YouTube TV after the Google-owned company and Disney reached a carriage agreement on Sunday afternoon. “We are pleased to announce that after a brief disruption, we have reached a new distribution agreement with Google’s YouTube TV for continued carriage of our portfolio of networks,” Disney said in a statement. “We…
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Dec
19
2021
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By Troy Warren
OSHA vaccine mandate penalties to start Jan. 10

OSHA vaccine mandate penalties to start Jan. 10

Business, COVID-19, Health, ,
Troy Warren for CNT #COVID-19  #Business  #Health The Occupational Health and Safety Administration said Saturday that it would not issue citations tied to its coronavirus vaccination mandate before Jan. 10, so that companies have time to adjust to and implement the requirements. The federal agency separately said there would be no citations of companies regarding its testing requirements before Feb. 9. The announcement came after the U.S. Court of Appeals for the Sixth District in Cincinnati decided on Friday that the mandate for large employers could go forward, reversing a previous court decision made after 27 Republican-led states, conservative groups,…
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Dec
19
2021
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By Troy Warren
Restaurants anxious as omicron, high food costs take toll

Restaurants anxious as omicron, high food costs take toll

Business, In The News, Lifestyle, ,
By DEE-ANN DURBIN, MAE ANDERSON and SYLVIA HUI, Associated Press Troy Warren for CNT #Business  #Lifestyle While restaurants in the U.S. and United Kingdom are open without restrictions and often bustling, they are entering their second winter of the coronavirus pandemic anxious about what’s ahead DETROIT (AP) — While restaurants in the U.S. and United Kingdom are open without restrictions and often bustling, they are entering their second winter of the coronavirus pandemic anxious about what's ahead: They're squeezed by labor shortages and skyrocketing food costs and the omicron variant is looming. “I’m extremely worried. I’ve never felt like we were out…
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Dec
19
2021
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By Troy Warren
Georgia hitches electric vehicle dreams to Rivian plant

Georgia hitches electric vehicle dreams to Rivian plant

Business, Cars, , ,
By J. Scott Trubey - The Atlanta Journal-Constitution Andy Peters - The Atlanta Journal-Constitution Troy Warren for CNT #Business  #Cars Large factory could transform I-20 stretch east of Atlanta When SK Innovation announced a $2.6 billion battery plant northeast of Atlanta three years ago, it gave Georgia a toehold in electric vehicle manufacturing. Rivian’s announcement Thursday of a $5 billion electric truck, SUV and van factory east of Atlanta, by comparison, could put the state at the vanguard of the next generation of the auto industry. California-based Rivian is making a big bet that Georgia, despite an extremely tight labor market, can slake its…
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Dec
18
2021
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By Troy Warren
Travel Sector’s Labor Shortage Likely To Continue in 2022

Travel Sector’s Labor Shortage Likely To Continue in 2022

Business, Travel, ,
LAURIE BARATTI | TravelPulse.Com Troy Warren for CNT #Travel  #Business A new report from the World Travel & Tourism Council (WTTC) reveals the true extent of staff shortages in America’s Travel & Tourism sector seen over the course of the COVID-19 pandemic’s second year. Conducted in partnership with Oxford Economics, the analysis uncovered a labor shortfall of nearly 700,000 that continued over the course of 2021. While the sector was obviously devastated last year, with only moderate recovery taking place this year, the forecast for the workforce in 2022 is looking slightly better. The figures from WTTC indicate that roughly 480,000 direct-impact Travel &…
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Dec
18
2021
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By Troy Warren
YouTube TV Loses ABC, ESPN and Other Disney-Owned Channels After Failed Contract Negotiations

YouTube TV Loses ABC, ESPN and Other Disney-Owned Channels After Failed Contract Negotiations

Business, Entertainment, , , , ,
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #Entertainment  #Business YouTube TV will now cost $49.99, down from $64.99, as a result of the dropped channels. YouTube TV has lost ABC, ESPN and multiple other Disney-owned channels after the two companies failed to reach a contract on Friday evening. As a result, YouTube will be decreasing the monthly price of its TV streaming platform from $64.99 to $49.99 due to the loss of 25 channels, which include the FX networks, Freeform, the Disney channels, the National Geographic channels and eight local ABC stations. “We know this is frustrating news for…
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