TikTok’s rejects Microsoft’s bid, picks Oracle to manage US operations

Millie Bobby Brown was so close to never acting again after a MAJOR let-down!

Bruce Haring pmc-editorial-managerA sign company has decided not to accept advertising that decried LeBron James’s refusal to speak out against China human rights abuses.The National Legal and Policy Center (NLPC) in Virginia wanted to post images showing James with a Chinese flag covering his mouth with the message, “Silence is Violence.” If approved, the billboards would have been displayed near the entrance to the NBA Bubble in Orlando, Florida,  where James’s Lakers are facing off against

Netflix has hit back at criticism levelled at a new TV series helmed by Game Of Thrones showrunners David Benioff and D.B.

Todd Spangler NY Digital EditorThe federal judge who blocked the White House’s ban on TikTok downloads in the U.S. Sunday night said that the Trump administration “likely exceeded the lawful bounds” of the powers afforded to the president under the the International Emergency Economic Powers Act.President Trump invoked the IEEPA in his executive order to ban TikTok, the short-form video app owned by Chinese internet giant ByteDance, in the United States.

Dominic Patten Senior Editor, Legal & TV CriticOn Wednesday, five Republican Senators fired off a letter to Netflix’s Ted Sarandos over the streamer service’s plan to have the executive producers of Game of Thrones  adapt Chinese author Liu Cixin’s sci-fi trilogy The Three-Body Problem.

Manori Ravindran International EditorHBO has acquired award-winning documentary short “The Undocumented Lawyer,” which showcases the fight for immigrant rights through the perspective of an American lawyer on the front lines. (Check out a trailer for the film above.)Directed by Chris Temple and Zach Ingrasci, the film world premiered in the short competition at the Tribeca Film Festival and won best documentary at the 2020 Boston Short Film Festival.

Todd Spangler NY Digital EditorThe fate of TikTok isn’t fully settled yet.In a sign that the talks over the ownership transfer of TikTok to U.S.-controlled parties — forced by the Trump administration — could potentially get derailed, Oracle and ByteDance, TikTok’s Chinese parent, are making different claims about who will own what in the newly reincarnated TikTok Global.On Sunday, ByteDance said in a statement that it would own 80% of TikTok Global, with Oracle and Walmart collectively taking

TikTok will seemingly continue to operate in the US after President Donald Trump gave his “blessing” to a proposed deal that will see the video-sharing app partnering with Oracle.The app, along with WeChat, had previously faced a download ban after the US government said they were both  “active participants in China’s civil-military fusion” and alleged that they collect “vast swaths of data from users, including network activity, location data, and browsing and search histories.”But it will now

TikTok is here to stay!

Todd Spangler NY Digital EditorOracle said it will take a 12.5% stake in the new TikTok Global, a U.S.-based entity formed from the Trump administration’s demand that the popular video app’s Chinese parent company, ByteDance, divest its U.S.

Wall Street Journal.On Friday, the U.S. Department of Commerce previously announced that app downloads of TikTok and WeChat would be blocked in the U.S.

Bruce Haring pmc-editorial-managerAs a deadline loomed for TikTok to shut down its US operations, President Donald Trump said Saturday he has agreed in concept to a deal under which Chinese-owned app TikTok can continue.Trump said a partnership with Oracle and Walmart that will make the video-sharing company and its data US-based has won him over.“I have given the deal my blessing, if they get it done, that’s okay too, if they don’t, that’s fine too,”  Trump told reporters at the White House on

Todd Spangler NY Digital EditorThe complex wrangling over what happens next to TikTok — which has become a geopolitical football punted around by the Trump administration — continues apace.As a separate entity TikTok, the popular short-form video app, would file for an initial public offering on a U.S.

Clayton Davis Lionsgate announced it has acquired the North American rights to “Wander Darkly” starring Sienna Miller with plans for a fall release.

Rebecca Davis editorChina announced on Tuesday that it will soon relax pandemic-related restrictions currently placed on cinemas and allow venues to sell up to 75% of their available tickets. Chinese cinemas are currently limited to just half capacity, but can shift over to selling 75% of their available tickets from Sept.

“trusted technology provider” in the U.S.If the deal gets the green light from the feds, Mnuchin told CNBC it would lead to a new wing of the company dubbed “TikTok Global.” (TikTok is owned by Beijing-based ByteDance.) The deal would also lead to about 20,000 new American jobs, Mnuchin said, which could grease the wheels even more when it comes to getting the blessing of President Trump.The president — who signed an executive order last month giving Bytedance 50 days to offload TikTok’s U.S.

Todd Spangler NY Digital EditorOracle could become the “technology provider” for TikTok under a deal reached with China’s ByteDance, Oracle said Monday, under a Trump administration order forcing the divestiture of TikTok U.S. assets.The software company’s official confirmation comes after Treasury Secretary Steve Mnuchin said in an interview with CNBC Monday that the U.S.

ByteDance has selected Oracle as its partner for a deal to keep TikTok operating in the U.S., a source familiar with the talks confirms to The Hollywood Reporter. The decision comes as ByteDance has rejected a bid by Microsoft that earlier this summer was seen as the likely option for the company as it looked to avoid a shutdown of the popular social media app amid increased tensions between the U.S.