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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I love paperbacks. They’re more affordable and lighter than their hardcover elder siblings, and you don’t have to deal with the flaps of a book jacket (don’t @ me). Sometimes they come with a cute little cover re-design. In case you missed these stellar books the first time around, here they are... Continue reading at Literrary Hub
[ Literrary Hub | 2022-05-03 16:24:58 UTC ]
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No matter what the middle school reader in your life needs, there is definitely a book series to fill that void, including Front Desk by Kelly Yang and The Dragonet Prophecy (Wings of Fire #1) by Tui T. Sutherland. Continue reading at Book Riot
[ Book Riot | 2022-04-26 10:31:00 UTC ]
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'Without a doubt a multi-currency ecosystem will become the new norm,' says chief investment officer. Continue reading at Advertising Age
[ Advertising Age | 2022-04-19 16:22:07 UTC ]
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The Spanish-language collective delegation to London Book Fair cites 30.10 million copies to Europe among its exports. The post Spanish Publishers at London: A Workforce of 30,000 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-04-13 14:46:26 UTC ]
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The publishing industry faces continuing supply chain issues and paper shortages, while another set of challenges has appeared in early 2022, in the form of employee resignations and work-life balance issues. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-08 04:00:00 UTC ]
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What are some of the best short stories by female writers? Women have been making their mark on the short story form since the form became popular in the nineteenth century, and many notable female practitioners of the short story, such as Katherine Mansfield and Kate Chopin, were among the […] Continue reading at Interesting Literature
[ Interesting Literature | 2022-03-23 15:00:17 UTC ]
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Nielsen Holdings has rejected an acquisition offer of roughly $15 billion from a private equity consortium, explaining that the deal "significantly undervalues" the measurement company. On Sunday night, Nielsen said its board of directors had determined not to proceed with an "unsolicited... Continue reading at AdWeek
[ AdWeek | 2022-03-21 01:43:07 UTC ]
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Whether they’re a budding chef, or clueless in the kitchen, these cookbooks for teens, including The Super Easy Teen Cookbook by Christine Hitchcock, will help teens learn a huge variety of cooking skills. Continue reading at Book Riot
[ Book Riot | 2022-03-10 11:37:00 UTC ]
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The pop icon has landed a massive publishing deal for a memoir, which will explore her legendary music career and her relationship with her family. Continue reading at HuffPost
[ HuffPost | 2022-02-21 21:59:46 UTC ]
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In the wake of the end of Britney Spears's 13 year long conservatorship, she is writing her own tell-all memoir. Continue reading at Book Riot
[ Book Riot | 2022-02-21 19:29:55 UTC ]
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Along with the other Amazon devices we saw go on sale yesterday, the company's entire Fire tablet lineup has been discounted. Fire tablets are already pretty affordable, but if you're looking for a new tablet for your kid or an inexpensive couch device, it's best to wait for a sale like this one... Continue reading at Engadget
[ Engadget | 2022-02-08 13:40:02 UTC ]
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The final 2021 report from the Association of American Publishers shows December up 2.8 percent over December 2020, at US$1.1 billion. The post AAP StatShot: The United States’ Publishing Industry Gained 12.2 Percent in 2021 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-01-26 16:01:07 UTC ]
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Print book sales by volume in the United States was the highest ever recorded by NPD BookScan, with adult fiction as the leading growth category. The post NPD BookScan: US 2021 Market Unit Volume Up 9 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-01-11 03:46:38 UTC ]
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Storytel reports good momentum for its audiobook and ebook streaming services in Poland, Russia, and Turkey—and less so in the Netherlands. The post Sweden’s Storytel Cites a 20-Percent Gain in 2021 over 2020 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-01-10 12:45:40 UTC ]
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Year-to-date performance in the American book market is looking likely to converge with that of 202 at 8 percent, NPD Books reports. The post NPD Projects US Print Book Unit Sales 17 Percent Above 2019 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-12-14 02:53:50 UTC ]
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The best science fiction and fantasy book deals of the day, curated by Book Riot Continue reading at Book Riot
[ Book Riot | 2021-11-15 13:46:45 UTC ]
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Matthew Stewart examines the behaviors and beliefs of the elite, beyond the 1 percent. Continue reading at The Washington Post
[ The Washington Post | 2021-11-12 13:00:00 UTC ]
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The books we love coming out this week include new titles by Sara Desai, Martin Limón, and Liu Xinwu. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-12 05:00:00 UTC ]
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Naomi Gibbs buys a debut historical in her first acquisition at Pantheon, Tom Rob Smith sells a futuristic thriller to Scribner, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-12 05:00:00 UTC ]
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Comics creator Rachel Smythe has the #5 book in the country with 'Lore Olympus, Vol. 1.' Plus YouTube science educator Philipp Dettmer lands two spots below with 'Immune,' and 'Aaron Slater, Illustrator,' the latest Questioneers book by Andrea Beaty and David Roberts, tops our picture book list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-12 05:00:00 UTC ]
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