Fame

Veteran anchor Chris Wallace quits Fox News

Published

2 years ago

December 13, 2021

ticker NEWS

Veteran anchor Chris Wallace signed off his Fox News Sunday show after 18 years to join CNN’s new streaming service.

CNN announced shortly after his show ended that Wallace, who is 74, will join the streaming service CNN+ as an anchor. The service is due to debut sometime next year.

“It is the last time, and I say this with real sadness, we will meet like this,” Wallace said on Fox on Sunday morning.

“Eighteen years ago, the bosses here at Fox promised me they would never interfere with a guest I booked or a question I asked. And they kept that promise,” he said.

Wallace was a veteran broadcast network newsman, working at both ABC and NBC News, before the late Roger Ailes lured him to Fox with the promise of his own Sunday show.

He was the first Fox News personality to moderate a presidential debate, doing it in 2016 and 2020.

“I have been free to report to the best of my ability, to cover the stories I think are important, to hold our country’s leaders to account,” Wallace said Sunday. “It’s been a great ride.”

His announcement even took the guests on his show Sunday by surprise. The decision is seen as a major blow to Fox News.

For years, Wallace co-existed alongside Fox’s bigger and better known stars of prime time.

Fame

Adidas faces potential $320M Yeezy shoe write-off post-Kanye split

Published

1 month ago

November 9, 2023

ticker NEWS

Adidas is contemplating a significant financial blow as it considers writing off $320 million worth of Yeezy shoes following its separation from music and fashion icon Kanye West.

The sportswear giant’s decision to sever ties with West’s Yeezy brand has left a mountain of unsold merchandise, threatening to dent the company’s balance sheet.

The partnership between Adidas and Kanye West, which began in 2013, had been immensely successful, with Yeezy shoes becoming a highly sought-after fashion statement.

However, recent controversies and disagreements between West and Adidas prompted the sportswear company to distance itself from the celebrity designer.

The massive inventory of Yeezy shoes now presents a dilemma for Adidas, as it grapples with finding a solution to deal with the surplus stock. A $320 million write-off could significantly impact the company’s financial performance in the short term.

Adidas is currently exploring various options, including discounting, donating, or repurposing the unsold inventory to mitigate the financial hit.

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Warner Bros discovery warns of Hollywood’s ‘real risk’ post-strikes’

Published

1 month ago

November 9, 2023

ticker NEWS

Warner Bros Discovery, has issued a stark warning regarding the ‘real risk’ that Hollywood faces in the aftermath of the recent strikes that have taken a considerable toll on the industry’s financial health.

The strikes, which disrupted film and television production for several weeks, resulted in substantial financial losses for studios, production companies, and countless industry professionals.

Warner Bros Discovery emphasised the necessity for a resilient and adaptable approach to navigate the ongoing challenges and uncertainties facing the film and television sector.

The conglomerate stressed the importance of implementing measures to mitigate such risks in the future, which include fostering better labour relations and contingency planning to safeguard against potential disruptions.

The message underlined the need for the industry to adapt to the evolving landscape of content creation and distribution, particularly in the digital era.

This warning from Warner Bros Discovery highlights the need for the entertainment industry to recognise the ever-changing dynamics and economic challenges, and the importance of preparedness to maintain its prominent position in the global market.

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MrBeast’s monumental 100 African wells sparks controversy

Published

1 month ago

November 9, 2023

ticker NEWS

Philanthropic YouTuber MrBeast, known for his outlandish and extravagant charity stunts, recently financed the construction of 100 wells in Africa, providing clean drinking water to thousands of people.

While the philanthropic gesture is commendable on the surface, it has ignited a wave of controversy and criticism from various quarters.

Critics argue that MrBeast’s approach, although well-intentioned, might not be the most sustainable solution to Africa’s water crisis.

They question the long-term viability of these wells, raising concerns about maintenance and local ownership. Some have even labelled it as a publicity stunt, arguing that it merely scratches the surface of a much deeper issue.

On the other hand, MrBeast’s supporters laud his efforts in raising awareness and mobilising his enormous following to contribute to a worthy cause. They argue that any effort to alleviate the water crisis is a step in the right direction.

In the end, whether MrBeast’s 100 wells in Africa are a game-changing philanthropic success or a mere spectacle remains a subject of intense social debate.