SEC: Celebs Rumors

Ken Barker, the principal accounting officer at Netflix, has resigned from the company just three months after he arrived.

Total executive compensation declined for top executives at Fox Corp. in fiscal 2022, compared with a year earlier, according to an SEC filing.

SEC filing. These marked downgrades from $31.1 million and $27.7 million, from the year prior. Also revealed in the SEC filing Friday was that Lachlan signed a contract extension last year that will see him continue to lead Fox Corp.

Passionflix, a romance-focused streaming service run by Elon Musk’s sister, Tosca Musk, has raised $9.4 million in a funding round led by AMC Networks.

Warner Bros. Discovery’s David Leavy has inked a new three-year contract as Chief Corporate Affairs Officer with the David Zaslev-led media conglomerate, Deadline has confirmed.

Todd Spangler NY Digital Editor Senior Twitter executives deceived regulators — and the company’s own board — about lax security standards and its efforts to fight spam bots, according to an SEC complaint filed by the social network’s former head of security. Twitter fired Peiter “Mudge” Zatko in January 2022, a little more than a year after he was hired in November 2020 as head of security. The exec claims his termination was in retaliation for his refusal to stay quiet about the company’s vulnerabilities. Last month, Zatko filed a complaint with the SEC accusing Twitter of misleading shareholders, alleging it failed to disclose “extreme, egregious deficiencies” in its security practices to investors. He also alleged in an FTC complaint that the company violated a 2010 agreement with the agency to protect user data.

via an SEC filing on Thursday.In the SEC filing Penn said the purchase “is expected to be completed in February 2023, after which Barstool will be a wholly-owned subsidiary.”The acquisition comes almost 3 years after the January, 2020 deal in which Penn — at the time known as Penn National Gaming — acquired 36% of Barstool in a deal that included the option to buy the entire company outright.The 2020 deal cost Penn $163 million; according to Bloomberg, Penn will pay a total of $387 million for the rest, split between two payments.Penn raked in $1.6 billion in revenue during the first fiscal quarter of 2022.

back out of his agreement to purchase Twitter, the CEO sold almost $7 billion in Tesla stocks on Tuesday. He says the move was made to “avoid an emergency sale of Tesla stock” down the line.In new filings this week, it was revealed that Musk sold nearly eight million shares of Tesla stock, which were worth about $6.9 billion.

NBC News.Last month, Musk announced that he was pulling out of the deal he struck in April, prompting Twitter to sue. Musk had claimed in an SEC filing that the company had failed to disclose information about the number of spam users and fake accounts it hosts.

In the latest volley of tweets in the Elon Musk/Twitter purchase saga, the entrepreneur threw down a challenge today: either Twitter provide its method of sampling 100 accounts and how it confirmed that the accounts are real, or the deal is canceled.

Warner Bros. Discovery Friday detailed its charges for the second quarter that included a combined $825 million hit on the content side, including $496 million for content impairment and $329 million for content development write-downs, as well as $208 million for employee terminations for the three months ended June.

Vince McMahon’s retirement announcement last week, the WWE will revise financial statements dating back to 2019. According to the organization, almost $15 million of payments made by McMahon should’ve been recorded as expenses.In an SEC filing this week, the company noted that it it “has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made.”According to the WWE, the aggregate amount of the payments during this period totals $14.6 million, and all payments were or will be paid by McMahon personally.

Houston Texans’ rookie wide receiver John Metchie III revealed he has been diagnosed with leukemia and will not be playing in the NFL this season.

Todd Spangler NY Digital EditorSnap reported second-quarter results that came in under analysts’ already reduced expectations — and the company didn’t provide Q3 guidance — sending the stock down more than 25% in after-hours trading.The social messaging and content app company also intends to “substantially slow our rate of hiring, as well as the rate of operating expense growth,” it said in its first quarterly letter to investors. We will reprioritize our investments and drive a renewed focus on productivity.”The company reported revenue of $1.11 billion, up 13%, and a net loss of $422 million (an adjusted net loss of 2 cents per share).

Donald Trump’s plan to take his nascent media company public has had another setback, as federal prosecutors have issued subpoenas to board members of the firm that was to acquire it en route to an IPO.

Digital World Acquisition Corp., the special purpose acquisition company (SPAC) set to combine with Donald Trump’s social media firm Trump Media & Technology Group, has been hit with grand jury subpoenas.In a recent security and exchange commission (SEC) filing, DWAC said it had received “several document requests and subpoenas from the SEC, seeking various documents and information regarding, among other things, Digital World’s due diligence regarding TMTG, communications regarding and due diligence of potential targets other than TMTG, relationships between and among Digital World (and/or certain of Digital World’s officers and directors) and other entities (including ARC Global Investments II LLC, Digital World’s sponsor, and certain advisors, including Digital World’s underwriter and financial advisor in its initial public offering).”The company learned on June 16 that a federal grand jury in the Southern District of New York had issued subpoenas to every member of the company’s board of directors. The company as a whole also received a grand jury subpoena.

Todd Spangler NY Digital EditorDonald Trump’s media and technology venture is part of a new federal grand jury investigation, which is seeking information about the financial dealings of the shell company Trump Media & Technology Group intends to merge with, according to a new regulatory filing.Last year, Trump Media & Technology Group announced plans to combine with Digital World Acquisition Corp. (DWAC), a special purpose acquisition company (SPAC), to become a publicly traded company.

Police in Wigan have arrested six people following raids that uncovered money laundering as well as numerous drugs. Greater Manchester Police conducted warrants at four addresses in the Marsh Green area.

AMC Entertainment shareholders have sent a message to the company’s CEO, Adam Aron, by voting decisively to reject his compensation package.

first announced that Explorer would be put out to pasture.In fact, most of the memes bidding farewell to it are based in the significant lag users experienced. In one fan-favorite meme, the Grim Reaper arrives to escort Explorer off into the afterlife, only to realize “Internet Explorer is not responding.”Others resurfaced an old joke in which Internet Explorer is the slowest to respond in a call-and-response chant among browsers.is Internet Explorer ever truly dead? pic.twitter.com/KQGndprUxnThis is the best internet explorer joke I came across.

Video: Nick Jonas gushes that fatherhood has 'been wonderful' (Cover Video)Johnny Depp makes surprise appearance at Jeff Beck concert following conclusion of trialNoel Clarke claims he has 'been criminalised' over sexual misconduct allegationsKelly Osbourne celebrates one year of sobrietySnoop Dogg cancels European and Australian tour datesShanna Moakler auctioning off engagement ring from Travis BarkerCardi B videos yacht sinking while on holidayCamila Cabello calls out soccer fans for singing over her Champions League final performanceElon Musk faces SEC investigation and lawsuit by Twitter investors for delayed disclosureCheryl Burke requests trial for Matthew Lawrence divorceJustin Timberlake sells rights to music catalog'Stranger Things' adds disclaimer to 4th season in wake of Uvalde mass shootingEllen DeGeneres reminds people to be compassionate as she ends her Daytime ShowPresident Biden to meet with BTS to discuss Asian inclusion and representationSelena Gomez attends White House conversation on mental healthNEWS OF THE WEEK: Liam Payne and fiancée Maya Henry reportedly splitNEWS OF THE WEEK: Billie Eilish says dealing with tourette's syndrome 'exhausting'Following the happy news, a number of the couple's celebrity friends posted congratulatory messages. "So excited for you guys!!" wrote Britt Robertson, while Dianna Agron posted, "CONGRATULATIONS.

The latest in the Twitter-Elon Musk circus has shareholders of the social media company seeking class action status for a lawsuit against the billionaire Tesla founder, alleging unjust enrichment, false statements and stock manipulation in order to lower the price or walk away from the $44 billion deal he’d agreed to.

Shares of Snapchat parent Snap are more than 30% in late trading after the company said second quarter financials will disappoint Wall Street “as the macroeconomic environment has deteriorated further and faster than anticipated.”

Shares of Paramount popped higher in early trading after Berkshire Hathaway, the company of legendary investor Warren Buffett, disclosed late yesterday that it acquired a chunky stake in the company.

Visual effects and animation firm DNEG has extended its deal with Netflix through 2025.

Warren Buffett’s Berkshire Hathaway reported Monday in a securities filing that it has acquired a stake in Paramount Global after acquiring $2.6 billion in Class B shares.

Donald Trump is “generally obligated” to post on Truth Social, his new social media network, and cannot make the same post on another platform for six hours.

Twitter CEO Parag Agrawal has cut loose two top executives and announced a hiring freeze ahead of the company’s acquisition by Elon Musk, whose share purchases are reportedly being investigated by the SEC.

Budding bakers are invited to show off their skills to Erskine veterans and celebrity chef Rosemary Shrager as part of the Ideal Home Show’s much-anticipated Cake Competition.

Elon Musk has unveiled a group of investors that together will provide about $7.14 billion in financing commitments for his pending $44-billion acquisition of Twitter, and said he’s talking to Twitter founder Jack Dorsey about sticking around as part owner.

Todd Spangler NY Digital EditorElon Musk is getting a little help from billionaire friends for his $44 billion Twitter takeover.According to an SEC filing Thursday, Musk has secured $7.14 billion in new financing commitments for the Twitter bid, including $1 billion from Larry Ellison. Ellison, co-founder and CTO of software giant Oracle, also sits on the board of Tesla, which Musk heads as CEO.In addition, Prince al-Waleed bin Talal of Saudi Arabia committed to retain the equity he owns in Twitter — his 35 million shares are worth $1.9 billion at Musk’s buyout offer — instead of receiving a cash payout, per the filing.Musk “will continue to have… discussions with certain existing holders” of Twitter stock, including ex-CEO Jack Dorsey, to contribute their shares toward his bid, according to the filing.

Jennifer Maas TV Business WriterFormer AMC Networks chief Josh Sapan’s compensation for 2021, his final year as CEO of the company, rose 30% over the previous year to $15.3 million.According to a proxy statement filed with the SEC Friday, Sapan’s total pay from the company for 2021 was $15.3 million compared to the $11.8 million he received in 2020 and the $20.2 million he was paid in 2019.Click here to sign up for Variety‘s free Strictly Business newsletter covering earnings, financial and investment news, and more.Sapan’s successor, AMC Networks interim CEO Matthew Blank, was paid $6.97 million for the year. Blank joined AMC Networks in his new role in August just as Sapan stepped down.Blank’s base salary for 2021 was $630,136, while Sapan’s was $2 million.

10-Q SEC filing on Friday following the company’s earnings yesterday, in estimated value encompasses roughly 4,000 film titles and 17,000 episodes of TV. It’s the first filing to discuss any information about MGM’s perceived value to Amazon.

Todd Spangler NY Digital EditorUPDATED: Elon Musk this week reaped $8.4 billion in a series of stock sales of Tesla, the electric car company he heads, evidently as part of raising money for his $44 billion deal to buy Twitter.Musk, , the world’s richest individual, sold more than 4.4 million shares of Tesla on April 26 and 27 at various prices of about $870-$1,000 per share, according to SEC insider transaction filings Thursday. Additional disclosures Friday showed that he sold another 5.4 million Telsa shares on April 28.

disclosed in SEC filings on Thursday. Musk said Thursday that he doesn’t plan to sell off any more shares in the government-subsidized car company.According to the SEC filing, Musk initiated the sales on April 26, the day after his bid to acquire Twitter was announced.

filing with the SEC. The $46.5 billion – backed by debt commitment letters from Morgan Stanley and other financial firms – is $3.5 billion more than the $43 billion of his publicized offer, though it was not immediately clear whether that represented a higher price-point offer or just buys Musk additional negotiating wiggle-room.The filing says Twitter has not responded, and that Musk is exploring “whether to commence a tender offer to acquire all of the outstanding shares of Common Stock … at a price of $54.20 per share.” Any shareholder could choose to take the offer; if a majority (plus Musk’s outstanding shares, just over 9%) were to agree, he could take control — though Twitter’s recently enacted “poison pill” conditions could upend that process.The filing is notable in that it prevents Musk from making the same mistake a second time: The Tesla CEO got in hot water with the SEC for tweeting in 2018 that he was “considering taking Tesla private at $420.