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Netflix plans to lay off employees, according to sources familiar with the streaming company’s plans. The cuts come after investors have expressed concerns over user engagement. The stock has declined 43% compared to a year ago.
Spotify announced that it has renewed its deal with Joe Rogan, who heads the audio company’s most popular podcast.
Funko, the company behind the big-headed Pop! figurines, warned last year of a cash crunch, squeezed by tariffs, canceled retail orders and its own overproduction. A new CEO based in Los Feliz is trying to turn it around.
Netflix scripted chief Jinny Howe must replace ending franchises like “Stranger Things” and “Outer Banks.” Inside her bets on “The Roman,” “The Body” and first-time showrunners.
The Department of Justice requested additional information from Fox about its planned acquisition of Roku, which operates its own ad-supported streaming service and sells hardware such as Internet-connected TV devices.
Earlier this year, Gov. Gavin Newsom implemented a new tax credit cap on corporations. Under a new bill, the state’s indie filmmakers received an exemption due to ongoing efforts to revitalize the industry.
Tech giant Google has been quietly making overtures to major studios as it tries to find ways to get Hollywood to use its AI technology.
The Los Angeles Police Department is investigating a Nicolas Cage movie that went missing at Netflix last month. Producer Simon Afram has sued Netflix seeking economic damages of more than $100 million.
CAA’s chief executive warned state leaders that a corporate tax credit cap threatens the state’s film and TV jobs program.
The Motion Picture Assn. said it reached an agreement with ByteDance over its AI tools.
