Endeavor’s WME talent agency is laying off 20% of its workforce, according to the Hollywood Reporter, the latest sign of how the entertainment firm is struggling to cope with the impact of the pandemic. The Information reported on Wednesday that Endeavor was looking to sell a portion of its stake in videogame giant Epic Games, in a deal that could raise $100 million. Endeavor had already...
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Meta’s Resistance to Sharing Ad Sales Starts to Crumble
For at least a year, one question has hung over Meta Platforms-owned Facebook and Instagram: whether the apps will introduce a way to share a cut of ad revenues with more creators, similar to how YouTube pays video-makers. Our story today by Sylvia and Kaya goes deep into the debate at Meta over introducing ad-revenue sharing, which some staff viewed as a slippery slope, and a parallel argument...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators