Wattpad lays off 15% of its staff, blames changing economic environment
Ivan Mehta, TechCrunch
Challenging economic conditions are affecting companies of all sizes, resulting in job cuts. Storytelling platform Wattpad announced Tuesday that it has laid off 42 of its 267-people workforce — that’s nearly 15% of the staff.
Netflix And Verizon Extend Offer Of 12-Month Subscription At No Extra Charge For +Play Customers
Dade Hayes, Deadline
Netflix and Verizon are renewing an offer giving customers of the telecom firm’s +Play platform a 12-month subscription at no extra charge if they pay for a year’s worth of a different streaming service.
Anonymous Content CEO Dawn Olmstead, COO Heather McCauley Resign
Aaron Couch, The Hollywood Reporter
The board for the production and management company behind “Spotlight” and “Mr. Robit” will set interim leadership soon.
With Its Future at Stake, the Academy Tries to Fix the Oscars (Again)
Brooks Barnes, The New York Times
The awards telecast has been losing viewers for years. New leadership wants to reverse that starting Sunday, and ensure the financial well-being of the organization.
Harrison Ford, Halle Berry and Pedro Pascal Added to Oscars Presenters Lineup
Jason Clark, The Wrap
The new crop of 95th Academy Awards participants also includes Julia Louis-Dreyfus, Kate Hudson, John Travolta and Mindy Kaling.
Roku will sell its first company-made smart TVs exclusively at Best Buy
Noah Sheidlower, CNBC
Roku said Thursday it will sell the first smart TVs designed and made by the company exclusively at Best Buy and the electronic retailer’s website.
Universal Filmed Entertainment Group Launches GreenerLight Sustainability Program
Degen Pener, The Hollywood Reporter
The new initiative will embed eco-conscious measures across the studio’s entire filmmaking process, from the script phase to shoots.
Lincoln Center Chooses Hearst Chief as Next Board Chair
Javier C. Hernández, The New York Times
Steven R. Swartz, president and chief executive of Hearst, will replace Katherine G. Farley, the longtime chair, in June.