Disney is leaning on layoffs to save streaming

1 month ago Quartz

AdvertisementWhile Disney’s fourth quarter earnings overall beat Wall Street’s expectations, its streaming service Disney+ lost users for the first time since its launch in November 2019 . In October, the company laid off 82 people from its TV group, and decided to leave 40 open vacancies unfilled. Similarly, Disney+’s layoffs come at the heels of it raising the price of its ad-free service from $7.99 per month to $10.99. AdvertisementOne more thing: Toy Story and FrozenAfter delivering the somewhat somber news around subscriptions and layoffs, Disney teased some more exciting offerings: sequels in the massively popular Toy Story and Frozen franchises. Related stories💰Disney+ is introducing ads but its plans aren’t getting any cheaper👨‍💼In a plot twist, Disney is bringing back CEO Bob Iger🗺️ Under Bob Iger, Disney took over the world
Continue reading...

Read On "Quartz"

More News On "Quartz"

The US housing market is terrible for both sellers and buyers — Quartz Daily Brief — Quartz

This story was published on our Quartz Daily Brief newsletter, the concise, conversational rundown you need to start your dayGOOD MORNING, QUARTZ READERS! The housing market conditions are terrible for both sellers and buyers. The Biden administration is also reportedly considering security reviews of some of the SpaceX founders’ ventures, including the Twitter takeover. In 2021, vinyl outsold CDs for the first time in three decades. Today’s Daily Brief was brought to you by Sofia Lotto Persio, Scott Nover, Julia Malleck, Niharika Sharma, and Morgan Haefner.

5 months ago Quartz

Brazil’s election winner will play a key role in the climate crisis

Since incumbent president Jair Bolsonaro performed better than polls predicted in the Oct. 2 vote, his chances of retaining power have improved. Support has grown thanks to his administration’s pro-business moves that have helped bring down consumer costs through tax cuts and reduce unemployment. On Oct. 25, the scientific journal once again rang alarm bells, citing that, in the Amazon alone, deforestation has nearly doubled since he came into power. During Lula’s last tenure, Amazon deforestation was down 70%. Related stories🍃 The Nile Delta isn’t ready for climate change🌎 Scientists have finally added world politics to their climate models🇧🇷 Brazil’s Bolsonaro has his same old election fraud excuse ready if he loses

4 months ago Quartz

How Alessandro Michele went out of fashion at Gucci

After a 20-year-long stint at Gucci, including seven years at the helm, fashion designer Alessandro Michele is bowing out. “Gucci is suffering from brand fatigue as Alessandro Michele has been doing more of the same for seven years,” Luca Solca, analyst at Bernstein, told the Financial Times. 🌎 In 2019, Gucci decided to go carbon neutral. May you always live by your passions, propelled by the wind of freedom” -Alessandro MicheleAdvertisementRelated stories🤔 What’s wrong with Gucci? 🖼️ The creative head at Gucci landed his job with a mood board🤑 When did customers of luxury brands get so young?

3 months ago Quartz

Ethiopia lost $146 million due to internet blackouts in 2022

It affected over 1 million internet users. AdvertisementIn 2020, the country lost $100 million to internet outage which rose to $164.5 million in 2021, affecting 21.3 million users. “Internet access was cut twice in early January and again in June as protests were crushed and protestors killed. Internet access in Sudan was also deliberately disrupted by the government 11 times in June to prevent cheating in exams,” the study says. Advertisement“In two incidents during the weeks leading up to important parliamentary by-elections, authorities in Zimbabwe throttled internet speeds and cut internet access during opposition party rallies,” notes the report.

2 months ago Quartz

Liz Truss has resigned after 44 days in power that plunged the UK into chaos

Liz Truss has resigned less than six weeks since taking office, making her the shortest-serving UK prime minister in history. I think today, tomorrow are crunch days,” Conservative MP Simon Hoare said this morning. AdvertisementWill Rishi Sunak become prime minister next? LIVE: Can Liz Truss outlast a lettuce? Related stories✂️ Liz Truss has been forced to comprehensively shred her divisive tax cut plansAdvertisement⚠️ The IMF delivered an embarrassing blow to the UK government👋 UK prime minister Boris Johnson has resigned

5 months ago Quartz

In freaking out about Truss's plans, the markets did their job

I don’t think I’ve ever felt so grateful for the markets. But we can breathe a sigh of relief at what might have been: Because the markets punished Truss’s unfunded economic plans so harshly, we thankfully don’t have to live through them. AdvertisementBecause the markets punished Truss’s unfunded economic plans so harshly, we thankfully don’t have to live through them. One of Truss’s features, during her short time in the spotlight, was an extraordinary inflexibility. Markets often don’t work in the way they’re “supposed” to according to Keynesian theory.

5 months ago Quartz

Japan's prime minister is touring G7 allies in Europe and North America

Japan’s prime minister Fumio Kishida will embark on a whirlwind tour of most G7 countries next week, visiting France, Italy, Great Britain, and Canada, before landing in the US, the final stop. The pair might also discuss the possibility of Biden visiting Nagasaki during this year’s annual G7 summit in May, which will be hosted by Japan. AdvertisementJapan stands firm as tensions between China and US growOn Thursday (Jan 5), Japan’s m inister of e conomy Yasutoshi Nishimura visited Washington to preview Japan’s priorities for the G7 conference . AdvertisementThe relatively new Kishida administration has seen a shift in Japan’s long-standing attitude towards global trade. Now it has to be implementedAdvertisement🗻 How Japan’s global image morphed from military empire to eccentric pop-culture superpower

2 months ago Quartz

The global economy could prove resilient in 2023 — Quartz Daily Brief — Quartz

This story was published on our Quartz Daily Brief newsletter, the concise, conversational rundown you need to start your dayGood morning, Quartz readers! Here’s what you need to knowThe global economy could prove resilient in 2023. Baidu can tap its chip stockpile in the near term, turn to alternatives in the medium term, and develop its own AI chip in the longer term. Help keep Quartz accessible to others by buying a membership at 50% off our usual price. Today’s Daily Brief was brought to you by Ananya Bhattacharya, Sofia Lotto Persio, Julia Malleck, and Susan Howson.

3 months ago Quartz

BREAKING NEWS

21 days ago - SA vs WI Dream11 Prediction, Fantasy Cricket Tips, Dream11 Team, Playing XI, Pitch Report, Injury Update- West Indies Tour of South Africa 2023, 1st Test 21 days ago - Ghazal singer Talat Aziz: 'I enjoy acting' 21 days ago - Hoops Roundup: Onaway boys edge Mancelona in Ski Valley finale, 75-74 21 days ago - Top Stories of the Month: The Safest and Most Endangered Jobs in a ChatGPT World 21 days ago - Knicks win 6th straight, drop Celtics from top spot in NBA 21 days ago - Hong Kong: After 959 days, this city is no longer imposing $1,000 fines for not wearing a mask 21 days ago - Knicks Win Wire-to-Wire Against Celtics 21 days ago - Neil Wagner powers New Zealand to historic one-run win | Cricbuzz.com 21 days ago - Baseball roundup: St. Aloysius, Porter's Chapel fall victim to big comebacks - The Vicksburg Post 21 days ago - Gujarat Giants Predicted and Strongest Playing XI for WPL 2023 21 days ago - Black Friday and Cyber Monday, opportunities within reach of wallets 21 days ago - Murdoch testified Fox commentators ‘endorsed’ Trump’s 2... 21 days ago - Murdoch says some Fox hosts ‘endorsed’ false election claims 21 days ago - Indian markets trading at higher valuations, may correct further: Ashok Jain of Arihant Capital 21 days ago - Women's Premier League 2023 Preview: Delhi Capitals 21 days ago - ‘MS Dhoni Asked Thakega Toh Nahi’ Ishant Sharma Reveals Story Behind His Dream Spell 21 days ago - Timberwolves vs Clippers Prediction and Odds 21 days ago - Humana Prices $1.25 Billion Debt Offering - Humana (NYSE:HUM) 21 days ago - Elon Musk Reclaims Top Spot on Billionaires List 21 days ago - Does Harry Brook have more runs than even Don Bradman in his first nine Test innings? 21 days ago - Commanders owner Daniel Snyder's demands frustrate NFL owners, reignite removal vote talks, per report 21 days ago - WWE Raw results, live blog (Feb. 27, 2023): Tag Team Title Match 21 days ago - Shrinking age distribution of spawning salmon raises climate resilience concerns 21 days ago - Gamers Will Drive Web3 Adoption: Ryan Wyatt, President of Polygon Labs 21 days ago - Knicks see top-tier teams such as Celtics as measuring sticks 21 days ago - Murdoch testified Fox News hosts endorsed idea that Biden stole election 21 days ago - Hair like Dhoni.. Same move, world champion out of Team India after 3 matches, 13 years passed in waiting 21 days ago - Couple Watches Industry By Top Players like and Forecast To 2030 – NBA thasportsjunkies101 21 days ago - 'Dhoni asked 'Thakega toh nahi?' I said 'If I do, carry me out on a stretcher'': India bowler's story behind dream spell 21 days ago - Heat’s Udonis Haslem Reveals Eye-Raising Post-Retirement Plans 21 days ago - Stranded Alice Springs Jetstar passenger Nikki Mitropoulos pulled off plane over tummy tuck pain 21 days ago - Outer Banks star insists 'I don't want to talk’ about season 3 probe 21 days ago - Courteney Cox snubbed by ‘Friends’ at Walk of Fame star ceremony? 21 days ago - How to bet pro football props, player bets, basketball picks, quality sports betting 101 at Caesars Sportsbook 21 days ago - Why is ASX 300 tech share Bravura Solutions suspended? 21 days ago - ‘Friends’ star Courteney Cox didn’t think Hollywood success was ‘possibility’ growing up in Alabama 21 days ago - New Zealand set England 258 to win second Test after Williamson century 21 days ago - Montana lawmakers hear testimony on abortion legislation 21 days ago - ‘Friends’ reunion! Jennifer Aniston and Lisa Kudrow join Courteney Cox at Walk of Fame ceremony 21 days ago - Messi and Putellas voted best players at FIFA awards again 21 days ago - Jayson Tatum Adds to MVP Case With Game-Winner Over 76ers - 21 days ago - Prince Harry's Memoir 'Spare' Bombshells: Doing Mushrooms at Courteney Cox's House, Past Flings & Royal Feuds 21 days ago - AT&T CFO Updates Shareholders at the Annual Deutsche Bank Media, Internet & Telecom Conference - AT&T (NYSE:T) 21 days ago - Los Angeles Lakers vs. Memphis Grizzlies – 2/28/23 Free Pick & NBA Betting Prediction 21 days ago - Lionel Messi wins record seventh FIFA best men's player award 21 days ago - Adriana Lima stuns in an elegant black off-the-shoulder gown as she takes to the red carpet 21 days ago - Messi, Putellas headline FIFA Best award winners as Kerr makes World XI 21 days ago - CHRISTOPHER STEVENS reviews last night's TV: DI Sunny returns with body up a chimney 21 days ago - Disney Legend Burny Mattinson Dies at 87 21 days ago - Kansas City Chiefs Super Bowl Odds: What Are the Chiefs’ Chances of Winning Super Bowl 58? 21 days ago - Sri Lanka leave for New Zealand without Nissanka 21 days ago - New milk processing facility to be built in Pembrokeshire 21 days ago - Sophie Rundle shares item she stole from Peaky Blinders set after being refused another 21 days ago - Messi wins FIFA's best men's player award again 21 days ago - Gujarat Giants Announce Beth Mooney as Captain, Sneh Rana as Vice-Captain for WPL 2023 21 days ago - Courteney Cox receives a star on the Hollywood Walk of Fame 21 days ago - Final round delivers plenty of storylines 21 days ago - FIFA Best Awards: Messi beats Mbappe for men's prize, Putellas claims women's award ahead of Morgan 21 days ago - Mini 'Friends' Reunion Marks Courteney Cox's Walk Of Fame Star 21 days ago - FIFA The Best in the TICKER: FIFA World Player 2022 Advertisement to read