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 ]
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In 12 categories, the 2022 biennial Singapore Literature Prize winners are drawn from 43 writers in Tamil, Malay, Chinese, and English. The post Singapore Literature Prize: 15 Winners, Four Languages appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-25 16:03:44 UTC ]
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These days, we’re hanging by a thin thread, and that thread is Tuesdays: the day new books grace us with their presence. * Jane Campbell, Cat Brushing (Grove Press) “The 13 exquisitely drawn short stories in the collection are woven with wit and bold enlightenment. Each meticulously crafted gem... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-16 13:00:57 UTC ]
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If you've had your eye on one of Amazon's premium e-readers but haven't yet pulled the trigger, today might be the day to do so. As part of a wide-ranging sale across various own-brand Amazon devices, the Kindle Oasis, Kindle Paperwhite Signature Edition and standard Kindle Paperwhite are all... Continue reading at Engadget
[ Engadget | 2022-08-15 08:46:55 UTC ]
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The books we love coming out this week include new titles by Robert Freeman Wexler, Robert Dugoni, and Jerome Charyn. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-15 04:00:00 UTC ]
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'Long Live the Pumpkin Queen,' a paranormal YA romance based on 'The Nightmare Before Christmas,' is the #6 book in the country. Plus the August book club picks hit our hardcover fiction list, and BookTok is atwitter over 'Husband Material.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-12 04:00:00 UTC ]
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HarperOne buys a book about a French art historian who tracked down looted artworks during WWII, Del Rey takes on a reimagining of MacBeth from Lady MacBeth’s perspective, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-12 04:00:00 UTC ]
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In a 'steady' market, NPD sees print sales in the United States decline 1.6 million units in July, typically a month for some losses. The post NPD Books on July’s US Print Market: 6 Percent Lower, Year to Date appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-10 18:34:37 UTC ]
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Year-to-date hardback revenues were down 7.5 percent in May at US$1.2 billion, paperbacks up 8.7 percent for $1.3 billion. The post American Publishers’ StatShot: US Industry Down 3.7 Percent in May appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-01 22:50:37 UTC ]
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The Spanish book market is reporting revenues of €2.5 billion in 2021, a gain of 5.6 percent over 2020, and book sales of 174 million units. The post Spain Reports Book Market Growth in 2021: Up 5.6 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-07-19 19:16:27 UTC ]
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The best nonfiction book deals today, including lifestyle, cookbooks, memoirs, and more. Continue reading at Book Riot
[ Book Riot | 2022-07-15 10:41:00 UTC ]
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“I was still an English Learner, for crying out loud; how could I ever imagine working in the movie industry?” How rummaging through Oliver Stone’s home office allowed a young Rafael Agustín to dream big. | Lit Hub Memoir If “empathy towards other species and toward nature is the only way out of... Continue reading at Literrary Hub
[ Literrary Hub | 2022-07-15 10:30:12 UTC ]
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With COVID-19 outbreaks and tough lockdowns, China's January-to-June book market growth rate fell back, all sales channels impacted. The post China’s Market Growth Rate This Year: Down 13.8 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-07-14 20:38:28 UTC ]
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Challenges: First half of 2022, the German market has a sales shortfall of 11.1 percent in the local book trade compared to 2019. The post The German Book Market in 2021: Turnover Up 3.5 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-07-07 21:04:45 UTC ]
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The best coming of age manga capture this time in our lives in all its beauty and emotion and drama with earnest stories and illustrations. Continue reading at Book Riot
[ Book Riot | 2022-06-30 10:38:00 UTC ]
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Six transformative journals achieved 75-percent open-access uptake in 2021, according to Springer Nature this month. The post Berlin’s Springer Nature: Open Access Up 40 Percent in Transformative Journals appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-06-22 22:31:24 UTC ]
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Today’s edition of kids' book deals is sponsored by Early Bird Books`Early Bird Books`https://bookriot.com/giveaways/win-a-kindle-oasis-4/`https://bookriot.com/wp-content/uploads/2022/03/KindleOasisEAC_300x250_OPT-1-3.jpg.optimal.jpg` Continue reading at Book Riot
[ Book Riot | 2022-06-15 14:42:49 UTC ]
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You might have found the right Father's Day gift if there's a literary dad in your life. Amazon is selling the basic Kindle e-reader with lock screen ads for $60, or a hefty 33 percent off. You can also buy the Kindle Kids variant for $65 (41 percent off) if the upgraded warranty, child-friendly... Continue reading at Engadget
[ Engadget | 2022-06-14 12:59:26 UTC ]
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We've curated a list of 15 memorable manga titles for middle schoolers. Find favorites for your young readers! Continue reading at Book Riot
[ Book Riot | 2022-05-27 10:36:00 UTC ]
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The 2022 anime calendar is filled to the top! Let’s take a look at some upcoming manga adaptations you need to have on your radar, like Spy x Family. Continue reading at Book Riot
[ Book Riot | 2022-05-09 10:37:00 UTC ]
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The new study from France's publishers indicates that French audiobook fans are moving from CDs and tape to digital audio. The post France’s ‘Digital Barometer’: 27 Percent Trying Audiobooks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-05-05 01:45:20 UTC ]
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