Business

UPDATE, with video of David Graham-Caso: Tina Schen, president and CEO of the Time’s Up Foundation, added her voice today to those calling for producer Scott Rudin to release employees from prior non-disclosure agreements. “First and foremost, we owe a debt of gratitude to the brave employees who came forward with allegations of workplace bullying

An American private equity firm is on the verge of making a fifth bid approach for Equiniti, the FTSE-250 company which handles share registrar and other back-office services for some of Britain’s biggest businesses. Sky News has learnt that Siris Capital is this weekend close to renewing efforts to engage the board of Equiniti –

After the arrival of four major new streaming services in late-2019 and early-2020, this year is when the competition is going global. One of the newest worldwide hopefuls is a Stateside pioneer. Paramount+, the rebranded and reconceived version of CBS All Access, which launched in 2015, is boldly going where the latter service has not

“I know you can be underwhelmed and you can be overwhelmed, but can you ever just be whelmed?” So Chastity asks Bianca in the excellent 1999 comedy 10 Things I Hate About You, and pretty much sums up my feelings the first time I Googled the words “non-fungible token”. Overwhelmed, in this case, because what

Casting professionals who are also actors have been banned from running for elected office at SAG-AFTRA. The ruling came down today at a meeting of the union’s national board of directors. Deemed “management,” casting professionals are now also barred from serving as members of SAG-AFTRA negotiating committees, and as delegates to the union’s biennial conventions.

The founder of Revolut is plotting a new fundraising that will value the company at more than $10bn (£7.2bn) and cement his status as one of Europe’s youngest fintech billionaires. Sky News has learnt that the digital lender is lining up FT Partners, the US-based fintech-focused investment bank, to advise it on a new equity-raise

Actors’ Equity Association is calling on producer Scott Rudin, who “stepped back” from his Broadway productions today in response to allegations of workplace abuse, to release employees from nondisclosure agreements. The Equity statement was issued shortly after Rudin announced today that he would relinquish “active participation” in his Broadway productions to “others from the Broadway

Elon Musk’s private space company SpaceX has won a $2.9bn (£2.1bn) NASA contract to build a spacecraft to put humans on the moon. The tech billionaire’s firm was chosen ahead of Amazon founder Jeff Bezos’ Blue Origin and defence contractor Dynetics Inc. Steve Jurczyk, NASA’s acting administrator, said at a video conference: “We should accomplish

Imax CEO Rich Gelfond earned $6.9 million last year, down slightly from $7.1 million in 2019 as the pandemic shuttered theaters and Imax screens around the world. The package included base pay of $1.2 million and a stock award valued at $5.5 million. Imax, while hard hit like the rest of the industry, was able

The FTSE 100 has climbed above the 7,000 mark for the first time since the early days of the coronavirus crisis. London’s leading share index rose as industrial, banking and mining stocks made gains on growing optimism about economies reopening and recovering across the world. The FTSE 100 was last above the 7,000 mark in

EXCLUSIVE: Australian theatrical distribution company Moving Story Entertainment has acquired a significant minority interest in Chaiflicks, the young streaming service launched by Neil Friedman and Heidi Bogin Oshin, who run Menemsha Films, and Bill Weiner, a former senior executive at New Regency. The deal expands Chaiflicks SVOD service beyond North American to Australia and New Zealand for

China’s economic growth slowed at the start of this year as its post-pandemic rebound began to level off, official figures showed. GDP grew by just 0.6% in the first quarter, missing expectations of a 1.5% increase and down from 3.2% in the last three months of 2020. But the figures also showed that the world’s

Everyone wants to go to Disneyland, at least judging from the subsequent long waits for access on the Disney Parks website today, the first day for tickets and reservations in advance of the park’s April 30 reopening. Tickets went on sale at 8 AM. Soon after, a message attempted to soothe any frustration at the

Amazon founder Jeff Bezos has vowed to make his company a better place for its workers. Mr Bezos was writing in an annual letter to shareholders after a union battle at one of the business’s warehouses in the US state of Alabama. “While the voting results were lopsided and our direct relationship with employees is

EXCLUSIVE: Oscar-nominated Brazilian filmmaker Carlos Saldanha has signed with Range Media Partners. Saldanha is one of the principle creative forces behind the Ice Age and Rio franchises during his time at Blue Sky Studios, where his films grossed over $2 billion at box offices worldwide. He is a two-time Academy Award nominee, first for the animated short Gone

Deliveroo has revealed that order numbers more than doubled over the last year – but warned its rapid growth will slow as lockdowns ease. The takeaway delivery platform – whose shares slumped on its much-anticipated stock market debut last month – said orders in the first quarter were up by 114% year-on-year. But the company

The federal Advisory Committee on Immunization Practices committee said Wednesday that the pause in the use of Johnson & Johnson’s Coronavirus vaccine would continue for at least a week. Dr. Anthony Fauci, President Joe Biden’s chief medical adviser said Tuesday that the pause would be “more like days to weeks, rather than weeks to months.”

Supermarket chain Asda has said that it will restructure its bakeries, putting at risk more than 1,200 jobs across the UK. The decision comes as customers change their buying habits for baked goods, Asda said in a statement. Britain’s third-biggest supermarket is considering sending pre-baked goods out to its supermarkets from a central location rather

Bernard Madoff, the convicted Ponzi schemer whose long-term, multi-billion-dollar financial manipulations ruined clients and rattled financial markets, has died. The Federal Bureau of Prisons confirmed the death of Madoff, 82, at Federal Medical Center in Butner, N.C. The bureau told Deadline in a statement that it resulted from natural causes and not Covid-19. About a

Tesco counted the cost of the COVID-19 pandemic as full-year profits fell by a fifth despite “exceptionally strong” sales growth. Britain’s biggest supermarket group reported pre-tax profits of £825m for the year to 27 February, 19.7% lower than a year earlier even as UK like-for-like sales grew by 7.7% to £39.4bn and online capacity doubled.