Paramount is laying off 15 percent of its US workforce, according to reporting by Deadline. This follows a lean second quarter earnings report in which total revenue fell short from an expected $7.21 billion to $6.81 billion. The layoffs will impact around 3,000 people. “The industry continues to evolve, and Paramount is at an inflection point where changes must be made to strengthen our business,” company CEOs wrote in a staff memo. Paramount representatives say these cuts will happen in three stages, with layoffs beginning today and 90 percent of all cuts being completed by the end of September. The layoffs will primarily impact employees involved in marketing and communications, though the company’s legal and finance arms will also face cuts. Paramount already laid off three percent of its workforce back in February, and this was after a three percent increase in revenue growth that was largely credited to its streaming and film businesses. So, a three percent increase of revenue translated to a three percent reduction of Paramount’s workforce and missing revenue expectations by around four percent is leading to layoffs accounting for 15 percent of company employees. Workers can’t catch a break. All of these layoffs are likely being used to clear the runway, so to speak, for the forthcoming merger with Skydance. The merger was announced back in June and will soon head to the regulatory review process. Paramount has also been raising prices for its streaming service... Continue reading at 'Engadget'
[ Engadget | 2024-08-13 15:31:20 UTC ]
Thousands of books have been publicly challenged and removed from libraries in the past couple of years. Elizabeth Harris, who covers books and the publishing industry for The New York Times, explains how books are being pulled from libraries in a quiet process called weeding. Weeding normally... Continue reading at The New York Times
[ The New York Times | 2024-10-08 09:00:02 UTC ]
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"Along with bomb threats and book challenges, we're seeing an increase in the number of libraries dealing with ransomware attacks." Continue reading at Book Riot
[ Book Riot | 2024-10-04 11:00:00 UTC ]
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Licensing content from their vast libraries and back catalogs is how Hollywood studios make money. A TV show or movie that's on Max in the US may be on a totally different service in the UK or Korea, with the studio pocketing the extra pounds or won in the process. That’s why savvy viewers have... Continue reading at Engadget
[ Engadget | 2024-10-02 11:08:08 UTC ]
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The Irish city, once home to the likes of James Joyce and Oscar Wilde, is known for its bookstores, libraries and pubs, where writers found inspiration over pints of Guinness. Continue reading at The New York Times
[ The New York Times | 2024-10-02 09:01:07 UTC ]
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The press had been slated for closure after officials voted to eliminate its annual funding, but WSU’s provost and interim dean of libraries opted to reverse course. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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Among the week's headlines: it was a busy Banned Books Week in court with developments in two major book banning cases; an anti–book banning resolution is reintroduced in Congress; Delaware libraries grapple with a ransomware attack; and the Carnegie Corporation gives $4 million to New York City... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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California Governor Gavin Newsom has signed AB 2426, a new law that requires digital marketplaces to make clearer to customers when they are only purchasing a license to access media. The law will not apply to cases of permanent offline downloads, only to the all-too-common situation of buying... Continue reading at Engadget
[ Engadget | 2024-09-26 20:30:54 UTC ]
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If you’re a Gen Xer or Millenial who used to listen to music on your Windows XP computer back in the 2000s, you probably have fond memories of the llama-whipping Winamp. Though it was discontinued back in 2013, it was picked up by new owners a few years ago and re-released for a... Continue reading at PC World
[ PC World | 2024-09-26 18:52:06 UTC ]
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The metal boxes, used formerly as newspaper receptacles, house Naloxone free of charge. For decades, Jeff Card’s family company was known for manufacturing the once ubiquitous tin boxes where people could buy newspapers on the street.Today, reach into one of his containers and you may find... Continue reading at Fast Company
[ Fast Company | 2024-09-26 14:21:28 UTC ]
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News that GOG.com has delisted 29 games this month is a sobering reminder that at any moment the games you own could vanish from your PC game libraries at any time and there’s not much you can do about it. Admittedly, GOG’s games include titles that many gamers may not have heard about.... Continue reading at PC World
[ PC World | 2024-09-26 10:30:00 UTC ]
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Jan-Bart van Beek, Guerilla Games' art and animation director, has officially announced that a remastered version of Horizon Zero Dawn is arriving on October 31. The game will feature over 10 hours of re-recorded audio, mocap, as well as improved character models, animation, lighting and... Continue reading at Engadget
[ Engadget | 2024-09-25 05:24:07 UTC ]
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From revoking tenure to cutting an entire library staff, academic libraries are losing—so are students. That, plus this week's book censorship news. Continue reading at Book Riot
[ Book Riot | 2024-09-13 12:00:00 UTC ]
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More than one hundred children and adults walked through metal detectors and past bomb-sniffing dogs to attend Drag Queen Story Hour at a community church in northeastern Ohio in December 2022. Drag Queen Story Hour began in San Francisco in 2015 as an effort to encourage literacy and provide... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-09 08:55:57 UTC ]
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Little Free Library has debuted a new interactive map on its website that charts the locations of Little Free Libraries across the United States, alongside the number of book bans that are in place in each state. The organization built the tool as a way to quickly find the nearest free library —... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-05 18:27:15 UTC ]
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Google’s AI-powered Photos upgrades are beginning to trickle in. Ask Photos, the Gemini-powered chatbot that lets you get ultra-specific and conversational with your photo searches, is launching in early access for select users in the US. In addition, the improved search for more descriptive... Continue reading at Engadget
[ Engadget | 2024-09-05 16:00:41 UTC ]
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Hundreds of titles from Judy Blume to Mark Twain purged from school libraries following rightwing challengesSix major book publishers have teamed up to sue the US state of Florida over an “unconstitutional” law that has seen hundreds of titles purged from school libraries following rightwing... Continue reading at The Guardian
[ The Guardian | 2024-08-30 17:40:29 UTC ]
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From a library worker strike to the upcoming 'SALEM'S LOT adaptation, catch up on all the news relevant to libraries this week. Continue reading at Book Riot
[ Book Riot | 2024-08-30 16:00:00 UTC ]
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The August 29 complaint over H.B. 1069 argues that the statute is vague and overbroad, and that it has led to the improper removal of hundreds of books from school and classroom libraries in the state. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-29 04:00:00 UTC ]
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Greenville County Library System will remove all trans books from their young adult sections and restrict access to those under 17. Continue reading at Book Riot
[ Book Riot | 2024-08-27 14:45:00 UTC ]
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Since it started offering subscribers access to mobile games in 2021, Netflix has built up one of the best gaming libraries around. With a balanced mix of titles built for the service and exclusive rights to the mobile versions of several popular indies (and a few blockbusters), Netflix has... Continue reading at Engadget
[ Engadget | 2024-08-26 12:00:42 UTC ]
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