News and trends

After struggling financially and months of struggling to secure the acquisition before agreeing to the merger, Skydance Media Paramount announced it will cut roughly 15% of its total US workforce as part of broader cost-cutting initiatives. Paramount said approximately 2,000 workers will be laid off, with layoffs beginning in the coming weeks and ending by … Read more

Disney reported its Q3 2024 earnings on Tuesday, and while the company posted a win in its streaming division, its namesake theme park experience didn’t have the same results. The company reported a 3.3% drop in third-quarter operating income to $2.22 billion in its Experiences segments, which include its domestic and foreign theme parks. Related: … Read more