SEC Showbiz and Celebrity Breaking News

Todd Spangler NY Digital Editor Oprah Winfrey will leave the board of WeightWatchers after almost 10 years, following the entertainment mogul’s revelation that she is using a weight-loss drug. Winfrey informed the company this week that she decided to not stand for reelection at the annual meeting of shareholders to be held in May 2024. She has served on the company’s board since 2015.

Jennifer Maas TV Business Writer Video game publishing giant Take-Two Interactive is laying off 5% of its workforce, approximately 600 employees, and canceling several projects currently in development as part of a cost-cutting initiative across the company behind “Grand Theft Auto.” Take-Two filed paperwork with the SEC Tuesday regarding the downsizing, which it says will be “largely complete” by the end of 2024. “The Company estimates that it will incur approximately $160 million to $200 million in total charges in connection with the Plan,” per Take-Two’s filing.

Todd Spangler NY Digital Editor Shares of Trump Media & Technology Group, the operator of the Truth Social social network positioned as a “safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations,” were down more than 14% in trading Monday morning. That came after TMTG disclosed that it was issuing up to 21.49 million new shares of common stock, which would dilute the value of existing shareholders. The continued sell-off of TMTG stock comes after the company as of April 12 had lost about half of its value since it began trading March 26 following its merger with special purpose acquisition company Digital World Acquisition Corp.

Todd Spangler NY Digital Editor Disney released the official vote counts from its 2024 meeting of shareholders held April 3 — in which investors decisively defeated a campaign by activist investor Nelson Peltz to win a seat on its board. According to the votes disclosed in an SEC filing Tuesday, nine of the Disney-backed director candidates received more than 90% of the shares voted in their favor.

More of former TKO Group Executive Chairman Vince McMahon‘s large stake in the company is changing hands, with Endeavor and TKO agreeing to buy a combined $311.2 million of his stock.

Todd Spangler NY Digital Editor Vince McMahon continues to cash out of his stock in TKO Group Holdings, the company formed by the merger of WWE and UFC that is majority-owned by Endeavor. McMahon, the founder of WWE, resigned from the board of TKO Group in January 2024 in the wake of sexual assault and sex trafficking allegations against him by a former employee as detailed in a lawsuit. McMahon has strongly denied the allegations.

Todd Spangler NY Digital Editor Patrick Whitesell, executive chairman of WME parent Endeavor, is launching a new media company backed by Silver Lake as part of the private-equity firm’s deal to take Endeavor private. Silver Lake will invest $250 million of seed equity into a new business to be founded, managed and controlled by Whitesell, according to an Endeavor SEC filing Wednesday.

Todd Spangler NY Digital Editor Vince McMahon, the founder and former CEO of wrestling entertainment company WWE, received about $100 million through a sale of about 3.5 million shares of TKO Group. TKO Group was formed last year through the Endeavor-led merger of UFC and WWE. Endeavor maintains a majority interest in TKO.

Todd Spangler NY Digital Editor A federal judge has dismissed all charges against seven social-media influencers the SEC and Justice Department had accused of perpetrating a “stock manipulation scheme” on Twitter and Discord. On Wednesday, March 20, U.S. District Judge Andrew S.

Todd Spangler NY Digital Editor TKO Group Holdings, the parent company of UFC, disclosed that it will pay $335 million to settle two class-action lawsuits filed by former UFC fighters alleging the MMA promoter violated antitrust laws. Zuffa, the predecessor entity that owned and operated UFC, was the defendant in five related class-action lawsuits filed between December 2014 and March 2015, which were consolidated into a single action in June 2015 (Le et al. v.

Blade Runner Live has announced a number of new tour dates across the UK.The classic Ridley Scott sci-fi film’s Final Cut version is set to play in venues across the country in September accompanied by The Avex Ensemble, which will showcase the film’s classic Vangelis score.Starting at Glasgow’s SEC Armadillo on September 18, the tour will include stops including Manchester’s O2 Apollo and London’s Eventim Apollo, before concluding at Bournemouth’s International Centre on September 28.Tickets will go on sale this Friday (March 22) at 10am – and can be found here.“AEG Artistic is thrilled to be presenting Blade Runner Live across the UK next September,” said AEG Presents artistic director Lucy Noble.“It’s amazing after 42 years the film and soundtrack still stand the test of time. This will be a truly amazing and unique way for audiences to revisit this iconic piece of cinema with Vangelis’ iconic score as they’ve never experienced it before.”The film previously screened with an orchestra at the Royal Albert Hall in 2019.SEPTEMBER:18 – SEC Armadillo, Glasgow 19 – O2 Apollo, Manchester20 – Eventim Apollo, London21 – Symphony Hall, Birmingham23 – Brighton Centre, Brighton28 – Bournemouth International Centre, BournemouthBlade Runner stars Harrison Ford as cop Rick Deckard, who is tasked with hunting down replicants – bioengineered humanoids that are indistinguishable from humans.The film spawned a 2017 sequel called Blade Runner 2049 from director Denis Villeneuve, which saw Ford return as Deckard alongside new lead Ryan Gosling as Blade Runner K.

Todd Spangler NY Digital Editor Paramount Global has sold its 13% ownership stake in TV and streaming company Viacom18 to Reliance Industries for $517 million. Reliance was already the majority owner of Viacom18. The pact comes two weeks after Disney and Reliance Industries announced a blockbuster $8.5 billion deal merging their massive Indian TV and streaming businesses.

Todd Spangler NY Digital Editor In what’s poised to be one of the biggest initial public offerings of the year, Reddit disclosed financial details of its forthcoming IPO, through which it’s aiming to raise as much as $748 million. On Monday, in an update to its S-1 filing with the SEC, Reddit said it will offer 22 million shares, expected to be listed at an IPO price of between $31 and $34 per share.

Todd Spangler NY Digital Editor Vince McMahon, the founder of WWE who resigned from the board of TKO Group earlier this year amid sexual assault allegations against him, filed to sell $411.95 million worth of TKO stock, according to a regulatory filing. McMahon’s sale comprised 5.35 million shares of TKO, per an SEC filing Monday. That came after he sold 8.4 million shares of Class A common stock in TKO — in sale worth $670.3 million — last November.

The chief executive of Charter Communications Christopher Winfrey saw total compensation last year of just over $89 million, inflated by $75 million in option awards.

Kate Garraway said Good Morning Britain was already 'too emotional' just moments into Friday's episode (February 23) as she co-hosted alongside Ben Shephard for the last time. The presenter is leaving the ITV news programme after 10 years for a new job on This Morning.

Todd Spangler NY Digital Editor Reddit, the popular internet discussion “community of communities,” filed a registration statement Thursday for its long-awaited initial public offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Reddit intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “RDDT.” In the S-1 filing with the SEC, Reddit reported 2023 revenue of $804.0 million, up 21% year over year, and a net loss of $90.8 million in 2023, compared with a $158.6 million loss the year prior.

Scottish Labour are preparing for a mass protest outside their party conference this week on Keir Starmer’s position on the Gaza conflict.

Todd Spangler NY Digital Editor In a change that reflects AI’s growing influence — and potentially disruptive power — in Hollywood, Netflix added generative AI to the list of potential risk factors on its annual report filed with the SEC. In Netflix’s 10-K report filed Friday, it added this new section to the long section of risk factors (which are required under SEC rules) in the section about video competition: “[N]ew technological developments, including the development and use of generative artificial intelligence, are rapidly evolving.

Graeme Souness has urged the Old Firm to thrash out a deal to bring away fans back to the bucket-list derby clash.

Following through on a warning earlier this month, Authentic Brands Group has revoked Sports Illustrated‘s license to publish due to a missed payment.

Authentic Brands Group, the company that licenses the Sports Illustrated brand, has warned the publisher that it may terminate its contract “absent a cure” after a fee payment was missed.

Shareholders of Disney and Apple will be given the chance to vote on proposals regarding the use of artificial intelligence, the Securities and Exchange Commission has determined.

Did Kourtney Kardashian‘s feud with Kim Kardashian bleed into her baby-naming decision-making?? Fans just recalled an odd connection with her new son Rocky‘s name — and it looks shaaaady!

, in fact, when she ascended the museum steps in that closed Karl Lagerfeld’s spring/summer 2007 Chanel couture show). Following her , has largely been more about pura vida than pap shots, decamping to Costa Rica’s Nicoya Peninsula to finish up her , Nourish, due out this spring.And yet she came out of hibernation on December 8 for a night in Miami with Swiss watchmaker IWC Schaffhausen, having signed on as the brand’s Environmental & Community Projects Advisor last year.

For the first time in the history of the college football playoffs, an undefeated power conference champion was left out.

Dozens of local TV stations owned by Tegna, most of them NBC and CBS affiliates, have gone dark on DirecTV in a carriage dispute.

Disney today announced a cash dividend of $0.30 per share for the second half of its fiscal 2023, its first such payout since the dividend was halted three years ago during Covid.

Michigan fought its way to a victory over Ohio State on Saturday and, in the process, blew the rest of the college football season out of the water.

Addie Morfoot Contributor The 1997 race for the Heisman Trophy will be explored in an installment of the 14th season of ESPN’s “30 for 30” series.” Titled “The Great Heisman Race of 1997,” the ESPN Films docu will debut on Dec. 9 on ESPN immediately following the broadcast of the Heisman Trophy Ceremony, which will air on the network. The doc will focus on the race between Peyton Manning and Charles Woodson.