AT&T Warns Coronavirus Impact ‘Could Be Material,’ Nixes $4 Billion Stock-Buyback Plan
Following the closure of all their cinemas due to the coronavirus pandemic, the Cineworld Group has begun laying off staff. The group declined to reveal the number of staff fired. A company spokesperson told The Telegraph newspaper, “We are not firing all staff.” In a statement shared with Variety, Cineworld said: “Like other businesses in [...]How U.K.
As studios and distributors continue to pull the theatrical releases of their films, and cinemas nationwide close their doors to the public, what becomes of film criticism in the time of coronavirus? Like many of the U.K.’s film and TV workers, most critics work on a freelance basis and with most major theater chains shuttered [...]The global coronavirus pandemic has claimed its latest victim. The launch of Mouse House streamer Disney Plus in India has been indefinitely delayed.
South African producers are demanding an “urgent all-industry response” to the threat posed by coronavirus, with a leading industry body calling for a coordinated plan from broadcasters and government agencies to address the potential economic fallout of the global pandemic on the local film and TV biz. The Independent Producers Organization sounded the alarm [...
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Trump warns against corporate stock buybacks in coronavirus bailoutPresident Trump said he supports prohibiting corporations that receive federal bailout money from buying back shares of their own stock.
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AT&T Cancels $4B Stock Buyback Deal Amid Virus Crisis, Says Impact 'Could Be Material'WarnerMedia owner AT&T is canceling a $4 billion stock buyback deal to maintain financial flexibility amid the coronavirus pandemic whose impact, it says, 'could be material.' But it adds it currently can't estimate the financial fallout. Details:
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The European Central Bank has launched a 'bazooka' $820 billion pandemic fund to aid markets. 'There are no limits.' | Markets InsiderThe European Central Bank (ECB) has unveiled a new €750 billion ($820 billion) response to the coronavirus in a bid to calm financial ...
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Impact of virus turmoil would hit Deutsche Bank later this year, not in first-quarter: executiveThe impact of the current turmoil related to the coronavirus is more likely to a...
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Coronavirus outbreak hurts movie theaters, boosts grocery stores - Business InsiderCharts reveal how the coronavirus pandemic has boosted foot traffic at grocery stores but pummeled movie theaters
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