Every streaming service struggles to find new ways to make their platform profitable. While rising costs are one way to do this, streaming services like Disney+ and Netflix took the extra step forward by cracking down on password sharing. Warner Bros. Discovery is looking to follow suit and might be exploring new ways to cut costs for its streaming service, Max. WBD Set to Layoff More Employees Source: master1305/Freepik Bloomberg News reported that these cost-cutting plans could include possible layoffs at the media giant. This round would add to the company’s 2,000 positions that have been eliminated over the last…
Author: Alyssa Miller
Alyssa Miller
Alyssa Miller is a writer, editor, and educator with a passion for entertainment and pop culture. She graduated from the University of San Francisco with a Bachelor of Arts in English and a minor in Communications. Before graduating, Alyssa worked as a freelance entertainment and film education writer, contributing to a variety of publications, including Britain’s First Frame Magazine. She also continued to write short stories and screenplays in her free time.
Disney CEO Bob Iger has announced that the Walt Disney Company’s streaming service, Disney+, will start cracking down on password sharing. The company’s streaming service will limit accounts to people living inside the account holder’s home, echoing Netflix’s shift last year, which subscribers highly criticized but made the streaming service money. Disney CEO Ends Password Sharing Source: nagi usano/Wikimedia Commons In an interview with CNBC, Iger announced that Disney is “launching [its] first real foray into password sharing” sometime this June. The rollout will affect a few countries in the streaming market, but Iger did not specify which countries. Instead,…
In an attempt to see a major profit by the end of the next quarter and to gain the trust of more investors, Netflix is threatening to close its non-ad-supported accounts. This announcement comes after Netflix announced that it would be removing the Basic non-ad-supported tier, which is the cheapest ad-free option. Netflix Eliminates Basic Ad-Free Plan Source: Freestocks/Unsplash On Tuesday, the streaming service sent out a letter to shareholders announcing that it would continue to grow by cracking down on password sharing and phasing out its $11.99 ad-free option. This news comes after Netflix told investors that it would…
JPMorgan Chase CEO Jamie Dimon issues a massive warning to the US that its economy could become “far more uncomfortable” if a certain trend continues. The billionaire banker pointed out the nation’s response to the COVID-19 pandemic triggered the current period of rapid interest rates, stimulus programs, and tax hikes. The COVID-19 Problem Source: IAEA Imagebank/Wikimedia Commons Dimon warns that the US needs to reduce its fiscal deficit sooner, or the issue will become too swollen for the US to deal with on its own. “America has spent a lot of money. During COVID and after COVID, our deficit is…
After decades of growth, California is starting to see a dip in its massive population. This dip in numbers comes four years after the COVID-19 pandemic swept through the US. While many left the state for several reasons, they have yet to seem to return to California. And there is a clear reason as to why. The Big Boom for California Source: Orange County Archives/Flickr California has been in a state of growth and economic expansion in the decades after World War II. The state became the most populous state in 1962. However, this growth slowed down as the 1970s…
Tesla has been in hot water as it undergoes massive layoffs and fails to make a profit after its unsuccessful Cybertruck launch. Former international employees now reveal that the company laid them off after reviewing their work visas Tesla Lays Off Many Foreign Workers Source: Austin Ramsey/Unsplash Highly qualified foreign workers in science, technology, engineering, and mathematics fields, rely on the H1B work visa stamp in their passports to work in the US each year. Many workers at Tesla received this stamp but were still included in the company’s widespread layoffs, which cut 20 percent of the company’s workforce. A…
JPMorgan Chase CEO Jamie Dimon issues a massive warning to the US that its economy could become “far more uncomfortable” if a certain trend continues. The billionaire banker pointed out the nation’s response to the COVID-19 pandemic triggered the current period of rapid interest rates, stimulus programs, and tax hikes. The COVID-19 Problem Source: IAEA Imagebank/Wikimedia Commons Dimon warns that the US needs to reduce its fiscal deficit sooner, or the issue will become too swollen for the US to deal with on its own. “America has spent a lot of money. During COVID and after COVID, our deficit is…
Despite Amazon raising wages for its warehouse workers to $15 an hour, a new research survey says these workers struggle to obtain necessities like food and housing. In this national study from the University of Illinois Chicago’s Center for Urban Economic Development, US Amazon employees shared information about their economic well-being. The result is a devastating truth. Amazon Workers Are Facing Food and Housing Insecurity Source: Phil Murphy/Flickr The study discovered that 53 percent of respondents are experiencing one or more forms of food insecurity in the last three months. 48 percent experienced one or more forms of housing insecurity.…
Another popular company is closing its doors. Boscia decided to close its doors after two decades in the beauty business, citing low profits and consumer habits as the reason behind its decision. Boscia is one of the many brands and services to close its doors in the last year, but the beauty brand did so without filing for bankruptcy. What Is Boscia? Source: Source: Boscia/Instagram Boscia is a company that has a product in almost every millennial’s skincare ritual, with its most popular product being the Boscia charcoal mask. It was notable for its gentle and effective properties. These same…
Tesla has been in hot water as it undergoes massive layoffs and fails to make a profit after its unsuccessful Cybertruck launch. Former international employees now reveal that the company laid them off after reviewing their work visas Tesla Lays Off Many Foreign Workers Source: Austin Ramsey/Unsplash Highly qualified foreign workers in science, technology, engineering, and mathematics fields, rely on the H1B work visa stamp in their passports to work in the US each year. Many workers at Tesla received this stamp but were still included in the company’s widespread layoffs, which cut 20 percent of the company’s workforce. A…