BuzzFeed Sells Complex to Ntwrk for $108.6 Million, Will Lay Off 16% of Remaining Workforce

The Scottish Government recently announced a new devolved disability payment designed to provide additional financial support for people of State Pension age will not include a mobility component. However, it has also confirmed the new benefit will not include any face-to-face assessments as part of the application process - unless requested by the claimant.

Todd Spangler NY Digital Editor In what’s poised to be one of the biggest initial public offerings of the year, Reddit disclosed financial details of its forthcoming IPO, through which it’s aiming to raise as much as $748 million. On Monday, in an update to its S-1 filing with the SEC, Reddit said it will offer 22 million shares, expected to be listed at an IPO price of between $31 and $34 per share.

Avatar: The Last Airbender has been renewed for two more seasons, Netflix just confirmed!

ITV Emmerdale fans threatened to 'switch off' on Tuesday evening after a karaoke session in the Dales pub, the Woolpack. Gail (Rachael Gill-Davis) was fronting a special event where the likes of Mandy Dingle (Lisa Riley)and Vanessa Woodfield (Michelle Hardwick) took to the mic.

The organizers of Canada’s well-regarded Just for Laughs festival, a major gathering in Montreal where a number of comics have been discovered, have canceled the 2024 edition and filed for bankruptcy.

Holly Willoughby dazzled Dancing on Ice fans when she revealed a new hairdo. ITV viewers noticed that the former This Morning host had curled her bob, which is a change from her usual straight style. Holly looked stunning in a black, fitted, floor-length dress as the remaining stars battled to stay in the competition.

Todd Spangler NY Digital Editor Will Shortz, the longtime crossword puzzle editor of the New York Times and NPR’s “puzzlemaster” for more than three decades, suffered a stroke last month and has spent the last several weeks rehabilitating. Shortz revealed the injury in a recorded message aired on on NPR’s “Weekend Edition Sunday” on March 5. He has been absent from the show in recent weeks, and at the end today’s puzzle segment, “Weekend Edition Sunday” host Ayesha Rascoe shared an audio clip from Shortz to let fans know the situation.

Jennifer Maas TV Business Writer Electronic Arts is laying off 5% of its workforce, making it the latest video game company to enact staffing reductions in the first quarter of the year. In its most recent annual SEC filing, “The Sims” and “Madden” maker EA reported it employed 13,400 workers, meaning the layoffs will affect approximately 670 jobs.

We’ve been waiting for this one for quite some time.

Sony said today it will let go about 900 people, or 8% of is global PlayStation headcount, the latest layoffs to hit the gaming industry.

Jennifer Maas TV Business Writer Sony‘s PlayStation has joined the long list of video game companies hit by layoffs in 2024. Approximately 900 Sony Interactive Entertainment employees, or 8% of PlayStation’s global workforce, will be impacted by the cuts, per outgoing-CEO Jim Ryan. Employees across the Americas, EMEA, Japan, and APAC regions will be affected and several studios, including PlayStation’s London studio, will shutter.

Todd Spangler NY Digital Editor Whoopi Goldberg, famed EGOT and business mogul, is adding another entry to her résumé: streaming entrepreneur. Goldberg is an equity investor in Blkfam, billed as the first and only Black-owned and Black-focused family streaming platform. The free, ad-supported service launches Feb.

Alex Ritman “La Cocina,” the Rooney Mara-starring drama that recently bowed in competition at the Berlinale, has been acquired for most international territories. HanWay Films has closed sales for France (Originals Factory), Australia and New Zealand (Vendetta), Spain (Avalon), Italy (Teodora Film), Benelux (Cherry Pickers), Switzerland (Filmcoopi), Scandinavia (Mis.

Almost five years after jumping ship from HBO to Netflix and signing their big multi-million dollar development deal (rumored to be worth somewhere between $200 million and $300 million) “Game Of Thrones” creators David Benioff & D.B. Weiss are finally ready to reveal their ambitious and costly new sci-fi series, “3 Body Problem.” READ MORE: ‘Game Of Thrones’: Benioff & Weiss Throw Jabs At Questionable AT&T Execs’ “Mini-Episode” Ideas & “Dysfunction” Describing the series is difficult; it’s so sprawling, but it’s about a young woman’s fateful decision in 1960s China that reverberates across space and time into the present day.

Todd Spangler NY Digital Editor Reddit, the popular internet discussion “community of communities,” filed a registration statement Thursday for its long-awaited initial public offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Reddit intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “RDDT.” In the S-1 filing with the SEC, Reddit reported 2023 revenue of $804.0 million, up 21% year over year, and a net loss of $90.8 million in 2023, compared with a $158.6 million loss the year prior.

Todd Spangler NY Digital Editor Vice Media Group is making drastic changes in the face of financial difficulties. In a memo to Vice employees Thursday, CEO Bruce Dixon said the company will be cutting “several hundred” jobs in the next week. As part of its major restructuring, Vice will discontinue publishing content on its own website, Vice.com, and will instead put “more emphasis on our social channels as we accelerate our discussions with partners to take our content to where it will be viewed most broadly,” Dixon wrote in the memo.

BuzzFeed is selling Complex to NTWRK for $108.6 million in cash plus $5.7 million for use of NYC office space, severance and other employee costs. It also announced a strategic restructuring including laying off 16% of its workforce that it expects will save $23 million a year.

Todd Spangler NY Digital Editor Fubo, which bills itself as a sports-first TV subscription streaming service, is suing Disney, Fox Corp. and Warner Bros. Discovery over the trio’s plans to launch a sports streaming bundle.

After a quiet period following his international breakout in “The White Lotus” season two, Will Sharpe‘s dance card is beginning to fill up. The actor and playwright has a key role in Jesse Eisenberg’s “A Real Pain,” which debuted to raves at Sundance; he recently banked Audrey Diwan‘s feature “Emmanuelle” opposite Naomi Watts; and is still expected to star opposite Meg Statler in Netflix’s limited series “Too Much.” Now, the Brit has landed the title role of Wolfgang Amadeus Mozart in a television adaptation of Peter Shaffer’s 1979 play “Amadeus.” READ MORE: “A Real Pain” Review: Kieran Culkin is superb in Jesse Eisenberg’s moving dramedy According to a release from Sky, the project will reunite Sharpe with “Giri/Haji” writer and producer Joe Barton who has been a very busy bee on both sides of the Atlantic these days.

Several stars have left Hollywood behind for normal jobs despite having successful movie or TV careers.