10 Must-Read Entertainment Business News of the Week
Introduction
Keeping up with the latest news in the entertainment business is crucial for industry professionals. In this article, we highlight the ten most important news articles from the past week. From new movie releases to the latest music industry developments, this roundup covers everything you need to stay informed.
1. Warner Bros. to Stream All 2021 Movies on HBO Max Simultaneously With Theatrical Release
Warner Bros. made a bold move by announcing that all of its movies set for release in 2021 will be released on HBO Max at the same time as their theatrical release. This move represents a shift in the traditional movie release model and could change the movie industry as we know it.
2. Disney’s Recent Layoffs Will Affect 32,000 Employees
The Covid-19 pandemic has taken a toll on many businesses, and Disney is no exception. The company recently announced it would be laying off 32,000 employees across its parks, experiences, and products segment. This news follows the 28,000 layoffs announced earlier in the year, highlighting the pandemic’s devastating impact on the entertainment business.
3. YouTube Launches “Shorts” To Compete with TikTok
TikTok has taken the world by storm, and now YouTube has jumped on the short-form video bandwagon with the launch of “Shorts.” This move puts YouTube in direct competition with TikTok and gives creators another platform to showcase their content.
4. Amazon Acquires Podcast Company Wondery
Amazon recently acquired Wondery, a podcast company that produces popular shows such as “Dirty John” and “Dr. Death.” The acquisition is part of Amazon’s push into the podcasting business, and it’s expected to increase competition for audio streaming platforms like Spotify.
5. Netflix Tests Out “Shuffle Play” Button
Netflix is testing out a new feature called “shuffle play,” which lets users watch a random movie or TV show. This feature is part of Netflix’s ongoing efforts to keep users engaged and could attract audiences looking for something new to watch.
6. The Weeknd Headlines the 2021 Super Bowl Halftime Show
The Weeknd has been announced as the headliner for the 2021 Super Bowl halftime show. This move puts the spotlight on the Canadian singer and highlights the importance of the half-time show in the music industry.
7. Variety Launches Streaming Service for Hollywood Insiders
Variety, the entertainment industry’s premier trade magazine, announced the launch of a new streaming service exclusively for Hollywood insiders. The service is expected to provide industry professionals with exclusive content and behind-the-scenes access.
8. Joss Whedon Steps Down From HBO’s ‘The Nevers’
Joss Whedon, the creator of hit TV shows like Buffy the Vampire Slayer and Firefly, has stepped down from his role as showrunner for HBO’s upcoming series, ‘The Nevers.’ The move follows allegations of inappropriate behavior on Whedon’s part, highlighting the importance of accountability in the entertainment industry.
9. Live Events Industry Urges Congress to Pass Relief Bill
The live events industry continues to suffer due to the Covid-19 pandemic. In response, the industry has urged Congress to pass a relief bill to support performers, venues, and employees affected by the pandemic’s economic fallout.
10. Sony Acquires Anime Streaming Service Funimation
Sony recently acquired Funimation, an anime streaming service that provides English dubs of popular anime shows. This move puts Sony in direct competition with Crunchyroll, another streaming service that offers anime content, highlighting the increasing importance of the anime industry.
Conclusion
These ten entertainment business news stories are just the tip of the iceberg. As the industry continues to evolve, keeping up with the latest developments is crucial for anyone working in the entertainment business. By staying informed and adapting to changes, professionals can position themselves for success in this exciting and dynamic industry.
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