.BuzzFeed Cuts Staff Salaries, CEO Jonah Peretti to Forgo Pay During Coronavirus Crisis
BuzzFeed, hoping to forestall layoffs with an economic downturn of the COVID-19 pandemic already under way, is reducing the salaries of most employees. CEO Jonah Peretti said he won’t be taking any compensation until the crisis has passed. Peretti announced the salary cuts at a BuzzFeed all-hands meeting Wednesday and provided additional details in a [...]Quibi, the short-form video platform set to launch on April 6, has debuted a trailer for new series “&Music.
With Italy, France and Spain in full lockdown in the face of the unrelenting coronavirus outbreak, their respective film industries are preparing to take exceptional measures that could limit the anticipated economic damage by opening themselves up to an uncharted gamble in streaming. To date, dozens of film releases have been postponed to between July and October [...]Peacock, NBCUniversal’s new video streaming service, now has one fewer of its crown jewels to drive it into homes across the U.
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