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Thea Energy lands $20M federal grant to build its magnets for fusion reactors
Thea Energy, a US fusion power startup, has been awarded a $20 million grant from the Department of Energy’s ARPA-E programme to help manufacture its modular high-temperature superconducting (HTS) magnets. HTS magnets are a costly but essential component of magnetic confinement fusion reactors, which use powerful magnetic fields to contain and heat plasma until nuclear…
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BuzzFeed to cut 35% of staff under Byron Allen ownership
BuzzFeed is cutting about 35% of its workforce, roughly 180 jobs across BuzzFeed, HuffPost and Tasty, as new majority owner Byron Allen moves to overhaul the struggling digital media company. The layoffs, disclosed in a Monday SEC filing, were intended to push BuzzFeed towards profitability and positive cash flow by streamlining operations and cutting costs,…
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BuzzFeed, HuffPost and Tasty to Lay Off 180 Staffers
BuzzFeed, HuffPost and Tasty are cutting around 180 jobs, marking the first major restructuring under new majority owner Byron Allen. The layoffs follow BuzzFeed’s warning in March that it faced “substantial doubt” about its ability to continue as a going concern, before Allen intervened with an investment to stabilise the company; the cuts are aimed…
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SAG-AFTRA Board Adopts Resolution Opposing Paramount-WBD Deal But Stops Short Of Joining WGA Lawsuit
SAG-AFTRA’s National Board has adopted a resolution opposing Paramount Skydance’s proposed acquisition of Warner Bros. Discovery unless enforceable production guarantees are included, marking a firmer stance than the actors’ union had previously taken. However, it has stopped short of joining the Writers Guild of America (WGA) in filing a lawsuit to block the deal, choosing…
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Warner Bros Discovery insiders quietly welcome antitrust threat to Paramount bid
Warner Bros. Discovery’s proposed $111 billion (£87bn) takeover by Paramount Skydance has been paused indefinitely after 12 Democratic state attorneys general filed an antitrust lawsuit to block it, with sources reporting that a notable contingent of WBD executives privately hope the litigation will succeed and sink the deal entirely. Simon Robinson, WBD’s president of global…
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‘The Chosen’ Season 6 Trailer Reveals Jesus’ Final Hours
Prime Video has released the first trailer for Season 6 of “The Chosen,” depicting the final hours of Jesus of Nazareth’s life leading up to his crucifixion. The historical drama, produced by 5&2 Studios, is now in its penultimate season and has built a following for its intimate portrayal of Jesus and his followers against…
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Prime Video Romance Drama ‘Rose Hill’ Finds Its Lead Cast
Prime Video has cast the lead roles for its upcoming romance drama “Rose Hill,” based on Elsie Silver’s bestselling small-town romance book series. The announcement, made on Monday, marks a key step forward for the adaptation, which is set in a Canadian mountain town and centres on the romantic entanglements of a group of friends.…
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Apple sued after alleged App Store crypto scam cost users $1.8M
Apple is facing a lawsuit alleging negligence in its App Store security after three users lost a combined $1.8 million (approximately £1.4 million) to a fraudulent cryptocurrency wallet app. Filed on Friday in the US District Court of Northern California, the complaint argues that Apple’s marketing of the App Store as a safe, tightly controlled…
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Gold House Launches Gold House Studios, Unveiling A Slate Led By ‘The Boys’ Star Karen Fukuhara (EXCLUSIVE)
Gold House, the entertainment advocacy platform behind the Gold Open cinema campaign and the Gold Gala, has launched a production arm called Gold House Studios to develop and produce original and IP-based film, television and digital projects. The move marks an expansion from the organisation’s eight-year history of cultural campaigning, during which it helped drive…