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Showing results for "Job Market"
BUSINESS
Hollywood’s Big Shrink: Industry Jobs Plummet 30% Since 2022 Peak
A 'downward spiral' of production cuts, aggressive AI adoption, and tax-incentive shifts has wiped out 42,000 jobs in Los Angeles County alone.
· 2 min read
FILM
"They Will Kill You" Stalls With $5M Opening as Horror Fans Stay Home
Zazie Beetz and Patricia Arquette lead the new thriller, which landed in third place amid concerns of a crowded horror market.
· 1 min read
BUSINESS
Epic Games Slashes 1,000 Jobs in Massive $500M Cost-Cutting Move
CEO Tim Sweeney cites a 2025 slump in Fortnite engagement and "extreme" market conditions for the company’s second major round of layoffs in three years.
· 2 min read
BUSINESS
The Great Gaming Pivot: AI and Creator Content Rise Amid Massive Studio Cuts
Microsoft and Sony lead a shift toward sustainable growth as Unity’s 2024 report reveals 62% of studios now embrace AI development tools.
· 2 min read
FILM
Hollywood’s 'Unhappy Ending': Why Production Is Plummeting in 2024
Major studios like Disney and Paramount face a stark new reality of job cuts, streaming losses, and a shift toward international tax havens.
· 2 min read
BUSINESS
Not So Fast: California AG Probes $110B Paramount Skydance and WBD Merger
Attorney General Rob Bonta launches an antitrust investigation into the massive deal, citing concerns over job losses and rising prices.
· 1 min read
BUSINESS
LA County Supervisors Eye Warner Bros. Discovery-Paramount Skydance Deal
Supervisor Lindsey P. Horvath calls for economic study and DOJ comments on the proposed $110-111 billion merger, citing job loss and competition worries.
· 1 min read
BUSINESS
"Unsustainable Losses": MultiChoice Group Pulls the Plug on Showmax
After 11 years, MultiChoice Group is shuttering its streaming giant to focus on financial discipline and a new in-house platform under Canal+.
· 1 min read
BUSINESS
Regulators Sound Alarm on $111 Billion Paramount-Warner Bros. Discovery Merger
The Department of Justice and California's Attorney General Rob Bonta are actively scrutinizing the proposed acquisition, citing concerns over market consolidation, consumer impact, and potential job
· 2 min read