Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

L.A. entertainment industry struggles amid mass job losses

L.A.’s entertainment industry faces severe crisis as thousands of jobs vanish and creatives struggle to survive

Published

on

L.A.’s entertainment industry faces severe crisis as thousands of jobs vanish and creatives struggle to survive

video
play-sharp-fill
In Short:
– Hollywood’s entertainment industry faces a severe job decline, impacting many professionals like Brian Mainolfi.
– Proposed federal measures to revive local production have been insufficient, leaving the industry’s future uncertain.
Hollywood’s entertainment industry faces a significant downturn, with work evaporating and many creative professionals searching for new avenues to survive.

The industry has seen a sharp decline in jobs. According to the Bureau of Labor Statistics, Los Angeles County employment in motion picture production fell from 142,000 to 100,000 in two years due to reduced movie and TV productions.

Fewer projects are moving to Los Angeles because of high costs and a lack of tax incentives compared to other regions.

The impact on local businesses dependent on production workers has been severe, contributing to a broader economic challenge in the area.

Banner

Industry Decline

The absence of steady work has led some professionals to leave the industry entirely.

Many workers, including Thomas Curley, who won an Oscar for “Whiplash,” have struggled with the loss of purpose, and job scarcity remains pervasive.

Federal measures have been proposed, including a possible tax credit to stimulate local production, but efforts have thus far been insufficient.

With the continuing effects of recent strikes and a potential shift away from traditional content consumption, the outlook for Hollywood’s future remains uncertain.


Download the Ticker app

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

News

U.S. approves Nvidia H200 chip exports to China amid tensions

U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.

Published

on

U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.


The U.S. Commerce Department has approved exports of Nvidia’s H200 AI chips to China, signaling a cautious compromise in the ongoing technology standoff between the two countries. This decision reflects efforts to balance national security concerns with continued technological collaboration.

Nvidia shares jumped 2% following the announcement, showing investor optimism about the move. Analysts are closely watching how Chinese firms will respond and whether they will aggressively pursue these high-performance AI chips.

Despite the approval, concerns remain about the potential military applications of AI technology. Officials emphasize that the decision aims to protect U.S. interests while navigating complex international tech dynamics.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Nvidia #AIChips #ChinaTech #USChina #TechTensions #Semiconductors #H200 #InvestorNews


Download the Ticker app

Continue Reading

News

Fed faces challenges ahead of Trump’s nominee as rate decisions loom

Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.

Published

on

Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.


The U.S. Federal Reserve is entering a critical period as it prepares for President Donald Trump’s upcoming nominee to lead the central bank. Markets are closely watching how the Fed will navigate this leadership transition amid ongoing economic uncertainty.

The Fed’s two-day meeting could result in a modest quarter-percentage-point rate cut. However, future policy decisions will hinge on key economic projections and inflation trends, leaving analysts debating how much room the central bank really has to maneuver.

Trump is pushing for lower interest rates to boost the housing market before the midterms, but this could complicate the next Fed chair’s path. Data delays from the recent government shutdown may also affect the Fed’s decision-making this week, adding another layer of uncertainty.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#FederalReserve #InterestRates #TrumpNominee #EconomicPolicy #Inflation #RateCut #HousingMarket #MarketUpdate


Download the Ticker app

Continue Reading

News

Paramount makes $108B hostile bid for Warner Bros Discovery

Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.

Published

on

Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.


Paramount has launched a staggering $108.4 billion hostile bid to acquire Warner Bros Discovery, shaking up the media landscape. The proposal, supported by Jared Kushner’s investment firm and Middle Eastern funds, offers $18 billion more in cash than Netflix’s recent $72 billion deal for the same assets.

Warner Bros’ board is currently reviewing the Paramount offer but continues to recommend the Netflix deal. Analysts warn that a merger of this scale could face intense antitrust scrutiny, potentially delaying or even blocking the deal.

Paramount argues that its acquisition would boost competition and provide stronger support for the creative community, promising a new chapter in Hollywood consolidation.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Paramount #WarnerBros #HostileBid #MediaMerger #Netflix #HollywoodNews #Mergers #EntertainmentNews


Download the Ticker app

Continue Reading

Trending Now