ViacomCBS, Walt Disney Lead Showbiz Shares Higher In Massive Market Rally

Green Day will no longer be performing in Russia.

CHAI have a launched a GoFundMe campaign after their tour trailer was stolen in Austin, Texas.The band – who are currently on tour in North America with Mitski – took to social media on February 27 to break the news, sharing that “three kinds of costumes and merchandise are gone”.OUR TRAILER STOLEN‼️‼️

NCT Dream have announced the details of their highly-anticipated comeback with a brand-new teaser.Today (February 28) at midnight KST, the boyband shared a striking new teaser for their upcoming release, titled ‘Glitch Mode’. The record, which be their second full-length album, is due out on March 28.NCT DREAM The 2nd Album〖Glitch Mode〗➫ 2022.03.28 (KST)#NCTDREAM #GlitchMode#NCTDREAM_GlitchMode pic.twitter.com/RTDSegNjNj— NCT DREAM (@NCTsmtown_DREAM) February 27, 2022The forthcoming ‘Glitch Mode’ record will also mark the NCT sub-unit’s first release of 2022.

Ramin Setoodeh Executive EditorMeryl Streep chatted with Venus Williams. Lady Gaga reunited with Bradley Cooper, her co-star from “A Star is Born.” Andrew Garfield and Jamie Dornan fanned out for Cousin Greg (also known as Nicholas Braun) from “Succession.” And Will Smith, as warm as ever, mingled with practically everybody.Yes, it was like old times in Hollywood at the Santa Monica Barker Hangar on Sunday night. The 28th annual Screen Actors Guild Awards pulled off the first in-person awards ceremony of 2022, moving ahead as if things were normal after other gatherings canceled or went entirely virtual due to the omicron variant.

Strictly stars James Jordan and Shirley Ballas had a very public disagreement over the weekend after comments made by James relating to Russia's invasion of Ukraine.MORE: Strictly's Craig Revel Horwood talks Oti Mabuse exit: 'It's brilliant news'Shirley made it clear she had taken offence to James's comments about Russian dancers on the BBC show as she hit back on Twitter.WATCH: Ola and James Jordan take Ella shopping for her birthdayIt came after James tweeted about his perceived lack of action, writing: "I don't see many of the Russian dancers I know and have even shared the Strictly dance floor with them openly speaking out about the war against Ukraine.READ: Strictly's Kristina Rihanoff's fans share disappointment after Russian dancer clarifies Ukraine commentsMORE: Ben Cohen's ex-wife regrets explicit rant about Strictly's Kristina Rihanoff"But are still promoting themselves on social media - very disappointed. They know who they are - not 1 post about it." Shirley was among those to respond to James's commentsOne of James's followers took issue with her remarks, replying: "What an ignorant, thoughtless comment.

Amid a rise in novel coronavirus cases in multiple states across the U.S., ViacomCBS is delaying its plans for the majority of its workers to return to offices until 2021. "While we were hopeful we'd be able to bring a small number of employees back to U.S.

Jill Goldsmith Co-Business EditorViacomCBS CEO Bob Bakish said most employees won’t be returning to offices this year as the company rethinks its plans amid a COVID-19 resurgence and focuses on restarting production, which he called “critical.”Production, he said in a memo to staff on Wednesday, “generally has to be done in person and is the lifeblood of our business.”“Unfortunately, we have seen recent spikes in infection rates in many areas across the U.S.  This obviously makes our facilities-related planning difficult.” He said the company had hoped to be able to bring a small number of employees back to U.S. office locations beginning in August but even those plans have been derailed.

Joe Otterson TV ReporterViacomCBS is not expecting to bring most of its employees back to its U.S. offices for the remainder of 2020 as the coronavirus pandemic continues to rage across the country.In a memo sent to staff on Wednesday obtained by Variety, ViacomCBS president and CEO Bob Bakish wrote “While we were hopeful we’d be able to bring a small number of employees back to U.S.

Nick Cannon, 39, is turning the tables on ViacomCBS by demanding an apology from them and insisting that he actually did that himself over the situation regarding his words on his podcast/YouTube series titled Cannon’s Class. He penned a 1500 word Facebook post on Wednesday, July 15, called “Truth and Reconciliation” where he addressed the topic head on and claimed that he did try to apologize, and “went as far to reach out to [Viacom owner] Shari Redstone to have a conversation of reconciliation,” only to be met with “Dead Silence!”

“promoted hateful speech and spread anti-Semitic conspiracy theories,” pushed back in a lengthy Facebook post on Wednesday.Cannon said he reached out to Shari Redstone, who controls ViacomCBS through her National Amusements, Inc. company, “to have a conversation of reconciliation and actually apologize if I said anything that pained or hurt her or her community.”Also Read: ViacomCBS Fires Nick Cannon After Podcast 'Perpetuating Anti-Semitism'He said he received “dead silence” in return.

Armando Nuñez is passing the baton at the ViacomCBS Global Distribution Group as Dan Cohen becomes the new head of the studio's division in June. Nuñez, who previously transformed CBS Studios International into a worldwide distribution leader before the merger of the network with Viacom, will shift into an advisory role.

ViacomCBS is moving quickly to reap the benefits of the recombined company and its "significant" upside opportunity, non-executive chair Shari Redstone said during the firm's virtual annual shareholder meeting Monday, which was webcast. "These are extraordinary times," she said about the novel coronavirus pandemic, before emphasizing her "passion for our incredible company." Touting its "unmatched content assets," she said: "Together, CBS, Paramount and our portfolio of brands … are a global multiplatform content powerhouse." Redstone also highlighted the company's audience share in the U.S.

By Jill Goldsmith

By Dade Hayes

By Dade Hayes, Jill Goldsmith

By Elaine Low

ViacomCBS on Tuesday said it has launched a cash tender offer for up to $1 billion to purchase outstanding debt securities. The Hollywood studio, led by CEO Bob Bakish, is the latest entertainment industry company to restructure its debt load amid the fallout from the coronavirus crisis.

ViacomCBS will be in good shape for the fall TV season if productions can restart by the summer after the novel coronavirus pandemic, CEO Bob Bakish said on the company's earnings call on Thursday. "We are optimistic that our fall schedule won’t be materially disrupted ...

By Jill Goldsmith

By Cynthia Littleton

By Jill Goldsmith

By Nellie Andreeva

As ViacomCBS keeps up its plan for $750 million in post-merger cost savings, CEO Bob Bakish sent a note to employees Wednesday as an update on the company's progress. "I know that even before the coronavirus pandemic, we were already in a period of significant change to integrate our newly combined company," Bakish wrote, adding that the company plans to continue "to integrate and streamline our operations, manage our costs as diligently as we can, and follow through on our committed post-merger synergy targets." ViacomCBS' advertising sales division as well as Nickelodeon, MTV News and other units were impacted by cuts Wednesday as part of the ongoing restructuring.

By Elaine Low

By Jill Goldsmith

As ViacomCBS keeps up its plan for $750 million in post-merger cost savings, CEO Bob Bakish sent a note to employees on Wednesday as an update on the company's progress.

ViacomCBS is looking to support industry crewmembers, talent and creatives with a $100 million fund launched amid a production shutdown due to the COVID-19 crisis. The emergency fund will be distributed by ViacomCBS to the Motion Picture & Television Fund and The Actors Fund, charitable organizations already supporting impacted industry workers.

By Jill Goldsmith

By Brent Lang

ViacomCBS has come to a crossroads, again.

ViacomCBS on Friday said it has raised $2.5 billion with an eye to reducing its debt obligations. The Hollywood studio, led by CEO Bob Bakish, is the latest entertainment industry company to raise fresh cash amid the fallout from the coronavirus crisis.

ViacomCBS, led by CEO Bob Bakish, said Friday that the coronavirus pandemic could have a "material" impact on its results, withdrew its 2020 financial guidance and said it was planning "cost savings initiatives" to offset some of the expected revenue losses. "Global concerns about the coronavirus disease 2019 have impacted the macroeconomic environment, as well as ViacomCBS Inc.’s business," ViacomCBS said in an early morning statement.

National Amusements, the holding company through which the Redstone family controls ViacomCBS, has amended a credit agreement with its lenders after a recent technical violation of a minimum collateral requirement on a credit line owing to the sharp decline in ViacomCBS' stock price amid the coronavirus pandemic. National Amusements, whose president is Shari Redstone, got a chance to cure the situation by March 28 and has now agreed with its lenders to terms that cure the technical violation.

By Jill Goldsmith

ViacomCBS is preparing to sell its publishing unit, Simon & Schuster, as the company re-evaluates all its assets in a fast-changing business landscape.