Celtic wing-back Josip Juranovic will not play any further part in the World Cup by being ruled out of the third-place playoff against Morocco - after it emerged that he played 70 minutes injured against Argentina.
30.11.2022 - 03:29 / deadline.com
A media sector squeezed by streaming losses, anemic stocks, layoffs and executive turmoil unveiled its latest casualties today – 20% of AMC Networks’ U.S. staff, or about 200 people, along with the departure of CEO Christina Spade.
The news follows Bob Chapek’s equally sudden departure last Sunday from Disney after a quarter of hefty streaming losses and months of PR missteps. No reason was given for Spade’s departure, but it kicked off another round of speculation about the potential for the cuts being a preamble to an M&A transaction. AMC Networks declined to comment when contacted by Deadline.
Jobs are being axed from Warner Bros. Discovery to Paramount Global, Disney and the CW alongside a virtual bloodbath in tech. Today’s staff memo from AMC Networks Chairman James Dolan, whose family is the company’s controlling shareholder, was particularly grim, noting that “the mechanisms for the monetization of content are in disarray.”
He said that means “a large-scale layoffs” and substantial “cuts to every operating area” at the company, which is now searching for a new CEO. The board is “confident” the cuts “will enable AMC Networks to come through this period even stronger and to be well positioned to drive future growth over the long term.” He said the company had come to a realization about the streaming business, expressing it with words capable of sending a chill up the collective media spine: “It was our belief that cord cutting losses would be offset by gains in streaming. This has not been the case.”
Wall Street radiated uneasiness about the situation and the lack of clarity about Spade’s exit. Shares fell more than 5%. Her departure was “a complete surprise and leaves the company in need of new leadership, with
Celtic wing-back Josip Juranovic will not play any further part in the World Cup by being ruled out of the third-place playoff against Morocco - after it emerged that he played 70 minutes injured against Argentina.
One of the most pleasant surprises of 2022 is probably just how good AMC’s “Interview with the Vampire” actually is. Season 1 took many off-guard with its really strong retelling of the classic Anne Rice tale.
AMC Entertainment plans to offer a co-branded credit card starting in early 2023 for members of its loyalty program, a first in the theatrical exhibition industry and the latest venture by the movie chain, which will also be rolling out its own popcorn for sale at retailers next year.
One of the most pleasant surprises of 2022 is probably just how good AMC’s “Interview with the Vampire” actually is. Season 1 took many off-guard with its really strong retelling of the classic Anne Rice tale.
AMC Networks, whose CEO Christina Spade resigned last week, said Monday its board has named James Dolan “interim executive chairman.”
Japan international Daizen Maeda has taken his Celtic philosophy to the World Cup as the forward insists he will continue his high pressing tactics against Croatia.
Josip Juranovic says the first thing he will do is shake Daizen Maeda 's hand when he reunites with him in Qatar on Monday - but after that it's going to get "aggressive."
AMC Network said today it will take write-downs for up to $475 million as it restructures its business to cut costs. That includes up to $400 million for content it calls “strategic programming assessments” and $75 million for organizational restructuring costs including severance.
EXCLUSIVE: Following AMC Networks’ shock announcement yesterday that the company is cutting 20% of its U.S. staff — or about 200 people — with its new CEO Christina Spade also departing, names of affected programming executives are starting to emerge.
Daizen Maeda will be joining three Celtic teammates in the last 16 of the World Cup after Japan's stunning win over Spain - as every Parkhead star selected progresses from the group stage.
Ang Lee has finally found his next big film. And you better believe, there will be a lot of people anxiously awaiting what he has coming.
Oscar-winning filmmaker Ang Lee has cast his son Mason Lee to play Bruce Lee in a biopic about the legendary martial artist for Sony’s 3000 Pictures.The “Brokeback Mountain” director will helm a script by Dan Futterman (“Capote,” “Foxcatcher”), building on previous versions by Jean Castelli, Alex Law and Mabel Cheung and, most recently Wells Tower.Bruce Lee’s daughter Shannon Lee will produce the film, which is untitled for now, along with Ang Lee, Lawrence Grey of Grey Matter Productions, Ben Everard, and Brian Bell. 3000 Pictures’ Elizabeth Gabler and Marisa Paiva will oversee the project on behalf of the studio.
EXCLUSIVE: Sony’s 3000 Pictures has finalized a deal that will see Oscar winner Ang Lee direct Bruce Lee, a film that will star the filmmaker’s son Mason Lee in the role of the iconic martial artist. Dan Futterman, whose work includes Capote and Foxcatcher, is working on a script that has seen previous versions by Jean Castelli, Alex Law and Mabel Cheung, and, most recently, Wells Tower.
In a surprising move, AMC Networks Chief Executive Officer Christina Spade has stepped down from the role after only three months.
Freddie Prinze Jr. is recalling a frustrating time in his acting career while he was signing up to star in the Scooby-Doo sequel. The actor revealed that the studio asked him to take a pay cut after his costars asked for a raise.
Kareem Daniel is exiting Disney as head of its Media and Entertainment Distribution division, one day after the ouster of CEO Bob Chapek.