CEO Pay High In 2022 Amid Industry Shakeup, Looming Writers Strike

Todd Spangler NY Digital Editor Snap, still wrestling with an unpredictable advertising environment, reported first-quarter 2023 revenue that slightly undershot Wall Street expectations even as Snapchat’s user growth continued upward. The company said was not providing formal guidance for revenue or adjusted earnings for the second quarter of 2023. The Snapchat parent company’s Q1 revenue was $989 million, a decline of 7%. It posted a net loss of $329 million (versus $360 million in the year-earlier quarter), translating to an adjusted net loss of 1 cent per share. Shares of Snap dropped more than 19% in after-hours trading on the results. Wall Street analysts on average expected $1.01 billion in revenue and an adjusted loss of 1 cent per share, according to Refinitiv. Snap had previously told investors Q1 revenue could be down as much as 10% in the period.

Todd Spangler NY Digital Editor Amazon, in the midst of paring back its workforce, topped Wall Street forecasts with better-than-expected revenue growth for the first quarter of 2023. The company reported Q1 revenue of $127.4 billion, up 9% year over year, improving over a 7% rise in the year-earlier quarter but still off its historical pace of top-line growth. Net income was $3.2 billion, or 31 cents per share, compared with a net loss of $3.8 billion in Q1 2022 (which included a $7.8 billion loss on its stake in electric-vehicle maker Rivian). The results come as the ecommerce colossus is in the middle of laying off 9,000 workers, on top of the 18,000 job cuts announced in January. On Thursday, the company laid off about 100 employees at Amazon Studios and Prime Video.

Joe Otterson TV Reporter Scott Greenberg, the co-founder and CEO of Fox-owned animation studio Bento Box Entertainment, is exiting the company, Variety has confirmed. Greenberg is also the CEO of Fox’s Web3 media and creative technology company Blockchain Creative Labs (BCL). He will officially depart both roles on May 19. “It’s been an incredible honor and privilege to work alongside the many people who have helped build Bento Box and Blockchain Creative Labs into two great companies,” Greenberg said. “The many series and projects we launched together are a great source of lasting pride to me. Deep down, I’m an entrepreneur at heart who enjoys building organizations and nurturing their teams to bring out the best in themselves. With Bento Box and BCL running full steam ahead on the path for continued growth and success, now is the time to explore new opportunities.”

Amazon has apparently rediscovered its mojo.

Jem Aswad Senior Music Editor Less than a month after parting ways with Warner Music, Brazilian superstar singer Anitta has signed with Republic Records in partnership with Universal Music Latin Entertainment, the companies officially announced today. Variety broke the news of the deal last week. (Photo IDs below.) About the signing, Anitta shared, “After being in this business for many years, I wanted to find partners that work like a family. After meeting with Monte, Wendy, their team at Republic, and Jesus Lopez I was blown away. Their passion, innovation, creativity and vision is incredible.  I not only felt so connected to them as an artist, but also on a human level. I knew immediately, I was home.”

Real dough. Real Housewives of Miami star Lisa Hochstein achieved a legal victory in her ongoing divorce battle with estranged husband Lenny Hochstein.

EXCLUSIVE: Scott Greenberg, co-founder and CEO of Fox’s animation studio Bento Box Entertainment, the company behind Dan Harmon’s Krapopolis and Apple TV+’s Central Park, is leaving.

Atlantic City’s Borgata Casino Event Center on June 23, Seneca Niagara Casino in Niagara Falls, NY on July 14 and Westbury, NY’s NYCB Theatre on July 16.“I can’t wait to join you for a phenomenal and soulful evening,” Knight shared on an Instagram.And if you want to join her on this goodbye run of shows, you can for cheap.At the time of publication, we found some Gladys Knight tickets going for as low as $25 before fees on Vivid Seats.Now that’s a bargain to see a seven-time (!) Grammy Award winning singer live.Want to hear “That’s What Friends Are For,” “I Heard It Through The Grapevine” and “Neither One Of Us” live in person?Here’s everything you need to know about Gladys Knight’s Farewell Tour and more.All prices listed above are subject to fluctuation.A complete calendar including all tour dates, venues and links to buy the cheapest tickets available can be found below.(Note: The New York Post confirmed all above prices at the publication time.

WXIA-TV, the flyers have been seen in the Candler Park and Lake Claire neighborhoods of eastern Atlanta. They have also been seen in the Kirkwood neighborhood, according to a tip the news station received from a viewer. Atlanta police said they are unaware of any criminal behavior related to the flyers but are increasing patrols in the neighborhoods where they have been distributed.The flyers are packaged inside plastic bags with corn kernels to weigh them down.

The American Federation of Musicians is the latest union to pledge solidarity with the WGA in its ongoing negotiations for a new film and scripted TV contract. Earlier this week, SAG-AFTRA, the DGA, IATSE and the Teamsters all expressed support for the WGA in its contract talks with the Alliance of Motion Picture & Television Producers.

Taking a stand. Dwyane Wade decided to move his family out of Florida due to state legislation that negatively impacts the LGBTQ+ community.

. During on Rachel Nichols' show Headliners, —who was recently inducted into the Basketball Hall of Fame—revealed his reasoning for moving his family to Los Angeles, California after his retirement in 2019. "I have to make decisions for my family—not just personal, individual decisions," Wade explained. "I mean, obviously, the tax [situation] is great," he went on. But his primary motivation for moving his family out of the state was the political climate.

The Last Dinner Party have responded to claims that they are an ‘industry plant’ band.The much-hyped London group and NME 100 alumni – who are signed to Island Records – released their debut single ‘Nothing Matters’ last week to widespread acclaim.On Tuesday (April 25), the five-piece played a sold-out headline show at Camden Assembly in London, which followed support slots with The Rolling Stones and Nick Cave. The band will open for Florence + The Machine and First Aid Kit this summer, and are also due to embark on a UK and European tour.Off the back of their recent plaudits and achievements, some Twitter users have suggested that The Last Dinner Party could be an ‘industry plant’ act, ‘nepo babies’ or may have had prior connections in the music industry.Earlier today (April 27), the group responded to a tweet that claimed they were “nothing special” and had been “clearly made by a label”.They replied: “I know I shouldn’t engage but this is just a nasty lie.“We weren’t put together like a K-pop girl group, we’ve known each other since we were 18 as we met during freshers week, there are videos of us playing live as an unsigned band all last year and we got signed from those.”i know i shouldn’t engage but this is just a nasty lie.

The hits just keep coming. Scheana Shay offered a glimpse at what Vanderpump Rules viewers can expect now that Tom Sandoval‘s bond with Raquel Leviss is a major story line.

Dwyane Wade is opening up about his decision to flee Florida.

Disney is set to wrap up its second round of layoffs today. Because of the sheer volume of the cuts, impacting thousands of staffers in the past couple of days, information on departures from the last couple of days is still trickling out. We will update with more news as we get it.

Summer is on the horizon and Scots will be planning to jet off to sunnier spots for some much needed relaxation.

Molly-Mae Hague has shared that she's returned to work just three months after welcoming her baby daughter Bambi with boyfriend Tommy Fury.The former Love Island star, 23, told fans that she has "bills to pay" as she returned to work as Creative Director at fast fashion retailer PrettyLittleThing. In a video posted to her YouTube channel, Molly-Mae explained her decision to return to work so soon, telling fans: "At the end of the day, I am self-employed, so I have to work because there’s bills to pay. “We’ve got a mortgage to pay, car bills to pay.

EXCLUSIVE: The Ice Road and The Grey star Liam Neeson is headed back to treacherous and frozen terrain in action sequel Ice Road 2: Road To The Sky.

EXCLUSIVE: New Metric Media has signed with CAA for representation.

Sarah Goldberg has already lined up a new gig now that Barry is saying buh-bye: she is joining season 3 of HBO’s Industry.