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Search results for "restructuring"

Netflix takes drastic action as stock plunges 40%, cuts 1,000 jobs

Netflix takes drastic action as stock plunges 40%, cuts 1,000 jobs

Layoffs affect 6% of workforce, the biggest reduction since 2022, as company moves to protect profitability
Falling viewing time and intensifying competition make breakthrough urgent Netflix, the world’s largest video streaming company, will cut about 6% of its workforce as it responds to slowing growth and subscriber departures.
| James choi
'National Grandmother' Kim Young-ok's Husband Award... the Passing of Former KBS Announcer Kim Young-gil

'National Grandmother' Kim Young-ok's Husband Award... the Passing of Former KBS Announcer Kim Young-gil

They met as campus sweethearts and stayed together for more than 60 years; veteran actor Kim Young-ok's husband, former KBS announcer Kim Young-gil, passed away at the age of 88
'National Grandmother' 'Kim Young-ok', bidding farewell forever to 'Kim Young-gil', her late longtime husband and former announcer Veteran actor 'Kim Young-ok', who had long received steadfast love from the general public of South Korea, has passed away after being dealt her husband's award.
| James choi
Korea Music Copyright Association Abolishes Head Office Position System After 12 Years… Targets 'AI Copyright'

Korea Music Copyright Association Abolishes Head Office Position System After 12 Years… Targets 'AI Copyright'

Introduces a new 'Future Lab' to proactively address AI copyright issues… Eliminates the head-officer system maintained for 12 years and moves to a deputy-rector (chief-of-department) system to drive innovation
'Korea Music Copyright Association' Takes Aim at the AI Era… Unprecedented 'Organizational Restructuring' After 12 Years The Korea Music Copyright Association, a registered nonprofit organization 'Korea Music Copyright Association' (Chairman 'Lee Siha') has carried out an unprecedented large-scale...
| James choi
Kim Shin-young Joins “Knowing Brothers” as the Show’s First Female Permanent Member… Kim Hee-chul Takes a Break for the Time Being

Kim Shin-young Joins “Knowing Brothers” as the Show’s First Female Permanent Member… Kim Hee-chul Takes a Break for the Time Being

The “Opening-Day Contributor” Kim Hee-chul Pauses Temporarily to Manage His Condition and Tour Schedule… “It’s Not a Departure—Just a Rest” Kim Shin-young Selected as the First Female Member in 9 Years… Her Stellar Impact as a Guest on Five Different Occasions Proved Decisive JTBC’s Flagship Variety Show “Knowing Brothers” Promises Major Body-Format Overhaul and Fresh Changes
JTBC’s long-running flagship variety show “Knowing Brothers” is set to undergo a major reformat with a bold lineup shuffle. While comedian Kim Shin-young (43) joins as the program’s first-ever female permanent member, original member Kim Hee-chul (43) will put down the mic—at least for now.
| Yangsimoh
[Global Issues] Elon Musk in a Corner…X Loses Advertising Lawsuit, Stills Rolls After Cannabis-Joke Verdict and Layoffs

[Global Issues] Elon Musk in a Corner…X Loses Advertising Lawsuit, Stills Rolls After Cannabis-Joke Verdict and Layoffs

A total loss in the X advertising lawsuit could cut revenue by half… And now, the stock-manipulation jury verdict—read as a jab using a cannabis slang number—plus large-scale layoffs pile on
Elon Musk, Antitrust Lawsuit in Jeopardy…X falls into free fall Elon Musk ultimately lost an antitrust lawsuit he filed over a massive advertising boycott triggered after his acquisition of the social media platform X .
| James choi
ZEROBASEONE, Starting Anew as a 5-Member Group... Jang Hao and 3 Others Pursue Solo Activities

ZEROBASEONE, Starting Anew as a 5-Member Group... Jang Hao and 3 Others Pursue Solo Activities

Seong Han-bin, Kim Ji-woong, Seok Matthew, Kim Tae-rae, and Park Geon-wook Decide to Continue Team Activities... KSPO Dome Concert Marks the End for 9 Members
The 9-member group ZEROBASEONE, formed through the Mnet audition program 〈Boys Planet〉, will be restructured into a 5-member group starting in March and will continue their activities. The agency Wake One Entertainment announced on the 12th, "Members Seong Han-bin, Kim Ji-woong, Seok Matthew, Kim...
| 김지민
Warner Bros. Discovery to Split into Two Companies, 'Warner Bros.' and 'Discovery Global' in Mid-2026

Warner Bros. Discovery to Split into Two Companies, 'Warner Bros.' and 'Discovery Global' in Mid-2026

Separation of HBO·DC Studios vs CNN·TNT Business Areas... Aiming to Resolve Major Debt Issues
Global media giant Warner Bros. Discovery announced on the 29th that it will split into two independent companies in mid-2026. Currently operating as a single entity, Warner Bros. Discovery is set to be restructured into 'Warner Bros. ' and 'Discovery Global' around this time next year.
| 엔터플레이
Paramount-Warner merger clears final hurdle as U.S. court approves deal, $300 million media giant set to emerge

Paramount-Warner merger clears final hurdle as U.S. court approves deal, $300 million media giant set to emerge

Antitrust lawsuit by 12 states reaches dramatic settlement, with the M&A deal set for final closing on the 6th of this month
Legal settlement eases monopoly concerns and reshapes the media landscape The merger between 'Paramount Skydance' and 'Warner Bros. Discovery', which had signaled a seismic shift in the global film and television industry, has cleared its final hurdle.
| James choi
Jecheon International Music Film Festival Breaks Reliance on 4 Billion Won 'Singer Performances' with 188 Screenings—Major Expansion, 'Fly Together' Slogan

Jecheon International Music Film Festival Breaks Reliance on 4 Billion Won 'Singer Performances' with 188 Screenings—Major Expansion, 'Fly Together' Slogan

Moves the main venue to downtown Art Center Jecheon... Built a star-studded lineup led by Committee Chair Jang Hang-jun, featuring Park Chan-wook and Bong Joon-ho
'Jecheon International Music Film Festival' A Reversal with a 4 Billion Won Investment… A Sharp Knife for a 20% Drop in Audience 188 Screenings Expand Genres and Move the Main Venue Entirely to Art Center Jecheon in the Heart of the City The 'Jecheon International Music Film Festival' , which pours...
| James choi
Kimura Takuya Starring Role in ‘The Brilliant Clan’: The Real-World Model, Sanyo Special Steel, to Disappear as It Is Absorbed

Kimura Takuya Starring Role in ‘The Brilliant Clan’: The Real-World Model, Sanyo Special Steel, to Disappear as It Is Absorbed

Nippon Steel will absorb Sanyo Special Steel via an acquisition merger in April next year. The company name with a 92-year history—from the largest bankruptcy after World War II to drama production—will vanish.
Exit After 92 Years: ‘Sanyo Special Steel’ Fully Absorbed by ‘Nippon Steel’ A major figure in the global steel market, ‘Nippon Steel’, officially announced that it will fully absorb its subsidiary ‘Sanyo Special Steel’ effective April 1 next year.
| James choi