business
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The popular film and television studio A24, which is responsible for movies like Uncut Gems, Moonlight, and most recently Zola, reportedly tested the sales waters and marked its worth at roughly $3 billion. According to Variety, A24 had been engaging with several different buyers for a year and a half toting its large price point. Sources told Variety that those conversations have not […]
Larry Rudolph, Britney Spears’ longtime manager, has resigned. The announcement comes in the form of a letter to the revered pop icon’s current co-conservators Jamie Spears and Jodi Montgomery. The letter, sent Monday and first reported by Deadline’s Dominic Patten, sees Rudolph—who’s largely served as the singer’s main manager since the mid-1990s and has also […]
The Trump Organization, a group of hundreds of Trump-owned business entities, is expected to be hit with tax-related criminal charges this week. Early Wednesday, Corinne Ramey reported for the Washington Post that the Trump Organization and its chief financial officer Allen Weisselberg (pictured above to Trump Jr.’s left) were expected to be charged with “tax-related […]
Nicki Minaj has weighed in on Michael B. Jordan’s appropriation controversy. On Tuesday evening, the Trinidadian-born rapper shared an Instagram post calling on Jordan to rename his newly launched rum brand J’Ouvert. Nicki included a screenshot of another user’s “History Lesson” on the significance of J’Ouvert within Caribbean culture. “I’m sure MBJ didn’t intentionally do anything he thought Caribbean ppl would […]
The Federal Trade Commission will reportedly review Amazon’s proposed $8.45 billion acquisition of MGM, according to The Wall Street Journal. This comes after new chairwoman Lina Khan, who has previously called for tamping down Amazon’s power, was sworn in to head the FTC. The FTC, as well as the Justice Department, wields the authority when it comes to […]
IKEA was ordered by a French court to pay a $1.2 million fine after being found guilty of improperly using data on its employees, CNN Business reports. Jean-Louis Baillot, former CEO of IKEA’s French subsidiary, has received a two-year suspended prison sentence and a $60,500 fine. IKEA France was accused of deploying an alleged “spying system” on current and […]
Just six months after launching his non-profit Black Ambition, Pharrell has partnered with Chanel to announce a new two-part mentorship program focused on the growth and mentorship of emerging talent in the business world. “Chanel’s support of Black Ambition is a cornerstone of Black Ambition’s mission and is vital to the success of the next generation of Black […]
ASAP Rocky and Klarna have linked up for a worldwide campaign encouraging consumers to refresh their look as the planet continues to emerge from pandemic-spurred lockdowns. The campaign—centered on the advice of “Drop your lockdown look. Get smooth again.”—features a short video component in which Rocky is depicted emerging from his own lockdown in New […]
Former MoviePass executives reached a settlement with the Federal Trade Commission on Monday over accusations the company deceived its customers in an effort to prevent them from utilizing the service as it was initially marketed. The settlement stipulates that MoviePass, its parent company Helios and Matheson Analytics, as well as former MoviePass CEO Mitch Lowe and former MoviePass Chairman Ted Farnsworth are “barred from misrepresenting their […]
UPDATED 06/2/21 11:20 p.m. ET: Scooter Braun has filed a petition for arbitration against Peter Comisar for what’s described as a “judicial intervention to end Peter’s unlawful, extortionate and opportunistic threats against him.” The petition goes on to say that “a clear arbitration provision” was in place but that Comisar “repudiated that contractual obligation by threatening to […]
