Endeavor Lays Off 250 Across Company, Salary Cuts Coming to All Divisions

S&P Global Ratings on Monday reduced its credit rating for Endeavor Operating Co. over concerns for its high-borrowing strategy and exposure to the bottom dropping out of its live events market as a result of a global pandemic.

By Jill Goldsmith

Media and publishing giant Condé Nast is cutting salaries, instituting furloughs and putting a freeze on new hires amid the novel coronavirus pandemic that has decimated the economy. CEO Roger Lynch outlined the cost-saving measures in a memo sent to staff Monday morning.

By Jill Goldsmith

With the live events industry facing an uncertain future, Live Nation president/CEO Michael Rapino will forego his salary, part of a variety of cost-cutting measures the events promoter is implementing to save $500 million by the end of 2020. Live Nation will cut salaries for senior executives by up to 50%. Rapino's pay will go from $3 million to zero, president

Rebecca Black, 22, is now comfortable with identifying as queer. The singer, most known for releasing the song “Friday” that went viral in 2011, opened up about her sexuality, labels and recent breakup on the April 3 episode of the Dating Straight podcast! Explaining her past reluctance to come out under a certain label, Rebecca explained, “I made a conscious decision to not, like, ‘come out.’ People started asking and I stopped not responding. I’m still in the process, it feels like.”

Rebecca Black is opening up about her sexuality and identifying as queer.  In a recent interview with Dating Straight podcast hosts Jack Dodge and Amy Ordman, Black shared that she had recently gone through a breakup with a woman. "I was dating someone and I know they might watch this...

James Blake recently took to Instagram TV for a livestreamed performance from his home. His last one featured covers of Radiohead, Billie Eilish, and Frank Ocean, and this one was similarly wide-ranging. He played a new song titled “Say What You Will” (around 45:27), sang his collaboration with Beyoncé (“Forward” from Lemonade, around 28:18), and performed album tracks like “Life Round Here” and “Retrograde.”

Meet Archewell!

Meghan Markle and Prince Harry are starting the next chapter in their lives by announcing the launch of their new organization Archewell. On Monday afternoon, the Duke and Duchess of Sussex revealed they are creating a non-profit titled Archewell after having to ditch their Sussex Royal brand.

By Anthony D'Alessandro

At this point, there are really only two types of people in America: those whose heads are still spinning from the truth-is-stranger-than-fiction-style twists in Tiger King: Murder, Mayhem, and Madness and those who don't know who Joe Exotic is or why this mullet-rocking man has become the meme of the moment on social media.

Endeavor is rolling out pay cuts as it deals with the economic impact of the pandemic, The Hollywood Reporter has confirmed. As with several other agencies that have taken similar measures, the pay reductions will proportionately increase according to base salary, from 5 to 30 percent, except for Endeavor president Mark Shapiro, who is cutting his compensation by half.

Endeavor is rolling out pay cuts as it deals with the economic impact of the pandemic, The Hollywood Reporter has confirmed.As with several other agencies that have taken similar measures, the pay reductions will proportionately increase according to base salary, from 5 to 30 percent, except for Endeavor president Mark Shapiro, who is cutting his compensation by half.

Endeavor has officially begun rolling out pay cuts as it grapples with the economic impact of the coronavirus pandemic across the industry. Endeavor heads Ari Emanuel and chairman Patrick Whitesell are forgoing their salaries, with president Mark Shapiro cutting his in half.

By Mike Fleming Jr

Cinemark CEO Mark Zoradi and the theater chain's board of directors are forgoing their entire salaries for the time being amid the coronavirus epidemic, while mandating deep pay reductions for all U.S. corporate employees, the company said Monday.

Following in the steps of several agencies dealing with the coronavirus, APA has informed all offices of upcoming salary cuts along with possible suspensions and furloughs for employees due to the pandemic’s economic effect on the industry.

By Mike Fleming Jr

By Mike Fleming Jr