Entertainment

Ticketmaster's Eras Fiasco Sparks Antitrust Probe

November 18, 2022
New York Times, Deadline
The context
The Justice Department has launched an antitrust probe into Ticketmaster-Live Nation after prices for tickets to Taylor Swift's upcoming "Eras" tour skyrocketed into the thousands, fans could not buy tickets thanks to long waits, and Ticketmaster canceled the public sale of tickets.
Ticketmaster's Eras Fiasco Sparks Antitrust Probe

Calling attention

  • The Department of Justice has opened an antitrust probe into the owner of Ticketmaster, Live Nation Entertainment.
  • The investigation will examine whether Live Nation Entertainment has monopolized the multibillion-dollar music industry by controlling ticket sales and forcing high prices through Ticketmaster.
  • The fallout from fans being unable to buy tickets to Taylor Swift's upcoming tour caused the Justice Department to take a closer look.
Go deeper →

Antitrust push

  • The investigation began before the Taylor Swift ticket debacle, but it was announced today and was propelled into the public eye thanks to the drama.
  • The company is under investigation for abusing its market power in the world of live music events.
Go deeper →

Today’s trending stories distilled into one-minute bites

Delivered to your inbox, daily

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

What else is going on?

The context
A Qatari official acknowledged that 400-500 workers died building stadiums and infrastructure for the 2022 World Cup, which is well underway.
Entertainment
Tuesday, November 29, 2022

Truth Behind the World Cup Stadiums

The context
A Qatari official acknowledged that 400-500 workers died building stadiums and infrastructure for the 2022 World Cup, which is well underway.
Go deeper
 →

Qatar World Cup chief says between 400 and 500 migrant workers have died in projects connected to the tournament

  • The World Cup chief, Hassan Al-Thawadi, said today that between 400 and 500 migrant workers have died from work done on projected connected to the tournament.
  • The number is significantly higher than Qatari officials have said before.
  • The Guardian reported that since the country was awarded the World Cup in 2010, 6,500 migrant workers from South Asia have died.
Go deeper →

Higher estimate

  • Hassan Al-Thawadi made the revelation that 400-500 people had died while working on projects connected to the 2022 World Cup during an interview with Piers Morgan.
  • Qatar has enacted some reforms to the country's kafala employment system, including providing employees with higher salaries and food and housing allowances.
Go deeper →
Entertainment

Bob Iger's Back

November 28, 2022
Go deeper
 →
The context
Newly reinstated Disney CEO Bob Iger held his first town hall, revealing that Disney will keep its hiring freeze and chase profitability instead of subscriber growth.
Entertainment
Monday, November 28, 2022

Bob Iger's Back

The context
Newly reinstated Disney CEO Bob Iger held his first town hall, revealing that Disney will keep its hiring freeze and chase profitability instead of subscriber growth.
Go deeper
 →

First town hall back

  • Bob Iger's first town hall back in his role as CEO touched on hot topics before virtual and in-person employees.
  • Disney will continue its hiring freeze, instituted by former CEO Bob Chapek.
  • He also spoke about chasing profitability instead of subscriber growth and said that employees need to return to the office.
Go deeper →

New direction

  • Bob Iger will not lift Disney's hiring freeze as he takes stock of the state of the company.
  • Iger also said that Disney would not be pursuing any major acquisitions in the next year and would focus on making the streaming business profitable.
Go deeper →
The context
A Texas regulator has opened a probe into Tom Brady, Steph Curry, and other athletes who promoted the now-bankrupt cryptocurrency exchange, FTX.
Entertainment
Tuesday, November 22, 2022

Texas Regulator Tackles Celebs Who Endorsed FTX

The context
A Texas regulator has opened a probe into Tom Brady, Steph Curry, and other athletes who promoted the now-bankrupt cryptocurrency exchange, FTX.
Go deeper
 →

Probe opens

  • While little federal regulation exists about the status of cryptocurrencies, state securities laws could be an avenue to reprimand celebrities for hawking crypto.
  • Celebrities heavily promoted FTX, and its downfall could be the biggest lesson yet about the legal risks of endorsing cryptocurrency coins or companies.
  • The SEC has pursued legal action against other celebrities for similar endorsements, including fining Kim Kardashian $1.26 million for promoting a crypto token on her Instagram.
Go deeper →

Celebs on notice

  • The Texas State Securities Board began investigating FTX last month to determine whether state residents were dealing in unregistered securities by buying and selling yield-bearing cryptocurrency coins or tokens.
  • When the company filed for bankruptcy on November 11th, the board expanded its probe to investigate celebrities like Tom Brady and Steph Curry, who promoted the exchange to uninformed and vulnerable fans.
  • The probe will look at what FTX told the promoters to say about the exchange, what they were paid, and what they told fans
Go deeper →
June 8, 2022

This Week In Technology June 2nd

This week, the COO of Meta, Sheryl Sandberg, is stepping down, Elon Musk demanded employees return to the office, and Clearview AI got some bad news.
 This Week In Technology June 2nd
Learn more
 →
Sources: 

COO No More

Sheryl Sandberg, the COO of Meta (Facebook), announced she would be stepping down after 14 years.

Go deeper →

Tesla's Back In the Office

Elon Musk declared that Tesla workers should return to the office full time or get lost.

Go deeper →

Facial Technology Clampdown

Privacy watchdogs and AI innovators disagree on the way forward for facial recognition technology.

Go deeper →
Politics
May 19, 2022

This Week in Politics

The national formula shortage is finally starting to look up; a racially-motivated shooting in Buffalo left ten dead, and a Supreme Court leak shook the foundations of the court. 

This Week in Politics
Learn more
 →
Sources: 
CNN, Fox News, The Atlantic, New York Times, The Washington Post, The Washington Examiner, The Guardian

Ongoing: Formula Shortage

May 19th, 2022

The U.S. has been hit by an infant formula shortage, causing many parents and caregivers to panic as store shelves continue to thin. The formula shortage is due to a combination of factors, and federal help is on the way. 

Shooting in Buffalo Leaves Ten Dead

May 18th, 2022

Ten people were shot and killed at a supermarket in Buffalo, NY, on Saturday, May 14th, 2022. The shooter, a white 18-year-old, targeted a predominantly black community and used a legally purchased semi-automatic rifle. 

Try something new

Go back in time

The context
Congress will enact legislation to impose an unpopular contract on rail workers to avoid a potential strike around the holidays.
Politics
Tuesday, November 29, 2022

Congress Seeks to Avoid Rail Strike

The context
Congress will enact legislation to impose an unpopular contract on rail workers to avoid a potential strike around the holidays.
Go deeper
 →

Crisis potentially averted

  • President Biden and Democratic leaders in Congress agreed last night to support legislation to block a walkout of more than 100,000 union members before the holiday season starts in earnest next week.
  • The move was a relief to businesses who were concerned about the loss of 30% of the nation's freight movements before the holidays shipping crush.
  • The legislation is considered a narrow victory for the unions, which negotiated the legislation in September.
Go deeper →

Divided opinions

  • President Biden asked Congress to pass a tentative contract agreement that some railroad workers rejected, making some union members angry that they didn't get enough time at the bargaining table.
  • The tentative deal does not include paid sick days, which members of the Brotherhood of Maintenance of Way Employers Division were upset about.
  • It is unclear how Democrats and Republicans will work together in the Senate to pass the contract.
Go deeper →
The context
Twitter will no longer enforce its Covid-19 misleading information policy.
Technology
Tuesday, November 29, 2022

Twitter Changes Covid-19 Stance

The context
Twitter will no longer enforce its Covid-19 misleading information policy.
Go deeper
 →

New policy

  • Twitter will no longer enforce its Covid-19 misleading information policy but did say it would remove "demonstrably false or potentially misleading content" about the virus.
  • Twitter's communication department is unreachable to get a comment about the decision, and it is unclear why the company abandoned the policy.
Go deeper →

Lack of moderation

  • Twitter will no longer restrict tweets that contain Covid-19 misinformation policy or accounts that post fake information about the pandemic.
  • In October, Twitter began letting community members add Community Notes to posts with false information as a content moderation strategy.
Go deeper →
The context
Crypto finance firm BlockFi filed for bankruptcy today, making it the latest crypto firm to declare bankruptcy in the wake of FTX.
Technology
Monday, November 28, 2022

BlockFi Declares Bankruptcy

The context
Crypto finance firm BlockFi filed for bankruptcy today, making it the latest crypto firm to declare bankruptcy in the wake of FTX.
Go deeper
 →

BlockFi files

  • BlockFi paused withdrawals on November 10th, and now they have filed for bankruptcy.
  • The company cited an ongoing lack of clarity about FTX's downfall since BlockFi had substantial exposure to the firm.
  • BlockFi has reassured customers that it has enough cash on hand to provide sufficient liquidity.
Go deeper →

FTX related

  • FTX bailed out BlockFi this summer, and when FTX imploded, the company had no choice but to file for bankruptcy.
  • FTX provided BlockFi with $400 million in the form of a revolving credit facility to use as a backstop.
  • Now that those funds are gone, with the rest of FTX's value, BlockFi decided to file for Chapter 11 bankruptcy.
Go deeper →
Entertainment
May 19, 2022

This Week in Entertainment

The defamation trial of actress Amber Heard and actor Johnny Depp raged on and singer Eric Clapton’s European tour is on hold.

This Week in Entertainment
Learn more
 →
Sources: 
ABC, Newsweek, Fox News, Billboard, The Hill, CNN

Ongoing: Amber Heard V. Johnny Depp

May 20th, 2022 

Actor Johnny Depp is suing his ex-wife, actress Amber Heard, for defamation over an op-ed penned by Heard about her experience with domestic abuse. The op-ed is allegedly about her marriage to Depp. 

Clapton on Hold

May 18th, 2022

Guitarist and singer Eric Clapton announced that he would cancel two shows on his European tour after testing positive for Covid-19. 

Delivered to your inbox, daily

This site is powered by

Learn more about how this site was built
 →
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Follow us