business
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Arclight Cinemas and Pacific Theatres, which are owned by Decurion, will be closing down its multiple locations amid financial difficulties brought on by the COVID-19 pandemic, Deadline reports. The beloved Cinerama Dome, which opened up in 1963 and is located on Sunset Boulevard, will also be closing. The popular theater was featured in Quentin Tarantino’s Once Upon a […]
On Saturday, officials in the California city of Burbank resorted to putting a chain-link fence around a restaurant, the Tinhorn Flats Saloon & Grill, because it was repeatedly defying COVID-19 mandates. This move comes as demonstrators continue to rally on both sides of the issue, according to NBC Los Angeles. City police Lt. Derek Green […]
Heinz confirmed to USA TODAY on Tuesday that the company will expand its efforts to address an unlikely byproduct of the COVID-19 pandemic that has impacted restaurants and fast food chains across the United States: a ketchup packet shortage. Manufacturing lines will be increased by about 25 percent to produce more than 12 billion packets a year. In […]
The South Korean entertainment lifestyle platform company HYBE, formerly known as Big Hit Entertainment, is linking up with Scooter Braun’s Ithaca Holdings. The international deal was announced Friday morning and sees HYBE—through its wholly owned subsidiary HYBE America—acquiring a 100 percent stake in Ithaca Holdings and its properties including SB Projects and Big Machine Label […]
If you just want to make money, do not enter the regulated weed business. That was the consensus among five women who currently work in the cannabis industry. Yes, there are billions to be made selling weed, but when you compound the rules, regulations, taxes, and instability of this booming legal market, the money alone isn’t worth it. Simply put, there […]
Cardi B has suggested that two of her biggest influences in music are Jay-Z and Rihanna, with their careers prompting her to aspire to be “a billion-dollar woman.” During an appearance on Stationhead, Cardi explained that the two musician-entrepreneurs are two of her biggest role models in the industry. “When I came to the game and […]
After much of the world likely forgot about the demise of MoviePass thanks to a global pandemic and just about everything else 2020 threw our way, it seems the service may be resurrected. For those unfamiliar, MoviePass was a subscription-based movie-ticketing serivce that, at one point, allowed users to watch one movie per day in theaters for $9.95 per […]
Elon Musk is looking to expand his presence in the Lone Star State. The business magnate shared the news via Twitter on Tuesday, revealing his plans to create his own Texas city called “Spacebase.” Though Musk has kept details to a minimum, Cameron County Judge Eddie Treviño confirmed he was aware of the SpaceX CEO’s desire to incorporate Boca Chica Village, […]
In 2019, while 61 percent of white households owned stock, only 33.5 percent of Black households owned stock. And while minority stock ownership narrowed between 2016 and 2019, according to the Associated Press, the COVID-19 pandemic and acute recession have “widened the gap again.” In addition to the disparities between Black and white stock owners, […]
Ad Age reports sales of Gorilla Glue have skyrocketed since Tessica Brown’s unfortunate retelling on TikTok about using the spray adhesive on her hair went viral. Gorilla Glue’s search volume on Amazon soared by 4,378 percent, while its best seller rank increased 129 percent, which translates into a significant spike in sales. Google searches also jumped 50 times in the month of February, […]
