Business

EXCLUSIVE: Deadline has learned that Hello Sunshine is shuttering its kids and animation business as part of a strategic decision to focus Candle Media’s kids and animation efforts under Moonbug, the family production studio the corp snapped up for a near $3 billion in November 2021.   Hello Sunshine will collaborate with Moonbug on future

Elon Musk did not deceive his investors when he tweeted in 2018 that he had the funding to take Tesla private, a jury has found. Investors had sought to sue the SpaceX owner for billions of dollars because his tweet caused Tesla’s shares to soar, only to crash 10 days later when it became clear

EXCLUSIVE: Artists First on Friday announced its signing of boxing Hall of Famer, Sugar Ray Leonard. Leonard enjoyed an elite, 20-year career in the ring before being inducted into the International Boxing Hall Of Fame in 1997, winning three National Golden Gloves titles, two Amateur Athletic Union championships and the 1975 Pan-American Games crown. He

London’s FTSE 100 Index has reached an all-time high at 7905 earlier this afternoon. The Financial Times Stock Exchange index of the 100 most valuable companies on the London stock exchange beat the previous record of 7,903.5 set in May 2018. It comes as central banks – including the Bank of England and the US

After expanding his role to include Nickelodeon Studios back in March, Paramount COO Andrew Gumpert is exiting the Melrose lot, effective this week. The announcement was just made by studio boss Brian Robbins tonight. We hear that Gumpert’s exit was amicable, with the exec telling staffers in Robbins’ memo (which you can read below): “I’ve

The energy regulator Ofgem has asked suppliers to suspend the forced installation of prepayment meters and review their processes for dealing with customers who have fallen into arrears. Sky News understands the regulator made the request on Thursday after it was revealed that debt collectors working for British Gas had forced their way into the

Sarah Huckabee Sanders, the former White House press secretary and newly elected governor of Arkansas, will deliver the GOP response after President Joe Biden’s State of the Union address on Tuesday. Sanders will deliver the address from Little Rock. Sanders served as President Donald Trump’s press secretary from 2017 to 2019. She then joined Fox

The Bank of England has raised UK interest rates by a further half percentage point to 4%, but gave its clearest signal yet that borrowing costs may now be nearing their peak. This was the Bank’s tenth successive interest rate increase, but in the accompanying documentation, it hinted that there is a chance it might

Sony Pictures Entertainment recorded $179 million in operating income for the third quarter ended December 31, 2022. That figure reps an 86% decrease on a dollar basis versus the same period last year, though it’s tough to compare apples to apples here since Q3 2021 had a massive assist from the phenomenal global box office

British Gas has suspended the use of court warrants to force-fit prepayment meters after a report alleged it sent debt collectors to break into customers’ homes to install them – ignoring their vulnerabilities. Centrica, the owner of British Gas, said in a statement that “all warrant activity” had been suspended and that protecting vulnerable customers

EXCLUSIVE: APA on Wednesday announced the promotion of Talent Department Coordinators Lindsey Wirkus and Joe Amato to Agents in the department. The elevations come at a time of major growth for the agency, which has in the last year vastly expanded its agent ranks, while bolstering the strength of its roster. APA has, just this

Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m of taxpayer funding that would partly depend on decade-long employment guarantees. Sky News has learnt that British Steel has been discussing launching a consultation on around 800 redundancies, principally focused on

EXCLUSIVE: Sources tell us that former Warner Bros President of Production and Development Courtenay Valenti is nearing the end of her vetting process at Amazon Studios/MGM and is now negotiating her deal at the studio for a top film position. Back in November, it was announced that Head of Amazon Studios Jennifer Salke would have

Shop prices have yet to reach their peak – despite record highs seen in January, it has been warned. Prices are now 8% higher than they were last January, up from 7.3% in December and above the three-month average of 7.5%, according to the British Retail Consortium (BRC)-NielsenIQ Shop Price Index. Overall food inflation rose

Costume shop workers at the Los Angeles Opera, who are represented by IATSE Local 768, have voted unanimously to ratify a new three-year contract – their first with the Opera. Last September, they leafleted the Opera’s opening night gala in an effort to bring public awareness to their demands for a fair contract. Most of

Corporate insolvencies have reached their highest level since the aftermath of the great financial crisis, official figures show. There were 22,109 insolvencies in 2022, the highest figure since 2009 and an increase of 57% from 2021, when 14,059 businesses went bust. Businesses are reeling from the end of the pandemic support packages, which provided a

UPDATED with Warner Bros Discovery statement: As it prepares for negotiations for a new film and TV contract – and a possible writers strike in May – the WGA West is once again blasting Warner Bros Discovery for going back on its promise that the merger that created the giant media conglomerate last year would

Britain’s economic reputation has been dealt a further blow after the International Monetary Fund (IMF) forecast that this year the UK economy will fare worse than any other country in the developed world – including Russia. In the latest update of its economic forecasts, the IMF said that it expected the UK’s gross domestic product

EXCLUSIVE: Heather McCauley has joined Anonymous Content as Chief Operating Officer. In addition to operations, McCauley will oversee the company’s Human Resources, Finance, Business Affairs, and Legal departments. She is based out of the company’s LA office and begins her new position immediately. “Heather is an incredible leader, a brilliant thinker, and an opportunistic strategist.

Support for trade unions is rising even though strike action is bringing public services to a standstill , Sky News polling shows. Industrial relations are at their most fractious since the 1980s, with the country having lost more than a million working days to strikes last year. Despite this, sympathy for striking public sector workers