Celebs in News
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related Rumors
Bob Chapek Warner Bros James Dolan Christina Spade Entertainment president CEO Bob Chapek Warner Bros James Dolan Christina Spade

AMC Networks To Cut 20% Of U.S. Workforce As Cord Cutting, Streaming Costs, Economic Jitters Roil Media

Reading now: 170
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.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA