Paramount Skydance has agreed to pause its megamerger with Warner Bros. Discovery until five days after the antitrust cases are resolved, or until June 1, 2027, whichever comes first, the company said Friday. Paramount faces an antitrust lawsuit from 12 U.S. states and a legal challenge from the Writers Guild of America. This decision means
TikTok is taking a page out of Amazon’s playbook. The social video app is testing a Prime-style membership program for some US shoppers, according to screenshots of the offer seen by Business Insider. The program, called TikTok Shop Plus, is integrated into Shop, its e-commerce platform. Like Amazon Prime, it offers its members a mix
Update: This story was originally published on July 21 and was updated on July 24 following the news that Paramount agreed to delay closing its deal with WBD until the antitrust cases are decided. Paramount Skydance employees are debating whether the planned megamerger with Warner Bros. Discovery would put them on the chopping block or
In “The Odyssey,” Odysseus and his men arrive at a beach in search of supplies and encounter a nasty surprise in the form of angry giants, who proceed to kill a group of men. Like the deadly surprise of the Greeks, a handful of unfortunate moviegoers sail blindly into treacherous waters with fateful consequences. Some
Paramount Skydance isn’t waiting for its planned merger with Warner Bros. Discovery to bolster its flagship streaming service. Paramount streaming leaders have told employees that they are planning major updates to Paramount+ in the coming weeks. An internal presentation, unveiled during a streaming town hall this week and seen by Business Insider, shows “Highlighted Product
Patreon, a platform for creators that pays for their content, is laying off staff. In a publicly shared note addressed to Patreon content creators, CEO Jack Conte announced that the creator economy startup is laying off 93 employees, roughly 20% of its workforce. Conte said in the memo to employees that “the market in which
