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Entertainment Media/Telecom

Starz Shines as Bright Spot in Lionsgate Results

Starz was the one bright spot in Lionsgate’s generally weak fourth-quarter earnings Thursday, making clear why the premium cable channel has drawn attention from interested buyers such as CBS. While Lionsgate reported a 12% drop in revenue and an operating loss compared to a profit a year earlier, Starz reported an increase in its subscriber count of 1.2 million to 24.7 million. That includes...

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The Takeaway COVID-19 E-commerce
A ‘Crucible’ Moment: Inside Instacart CEO’s COVID-19 Playbook

As Instacart founder and CEO Apoorva Mehta sat down to write an email to his management team on February 24, it wasn’t about his previous rallying cry for the year: getting closer to profitability ahead of an eventual IPO. Something bigger was looming. 

The grocery delivery company’s investors and board members, including Jeff Jordan of Andreessen Horowitz and Michael Moritz of ...

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Google Pledges More Than $800 Million to Virus Relief
WeWork Competitor Knotel Lays Off, Furloughs Half of Staff
Scooter Rental Startup Bird Lays Off 30% of Workforce
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Venture Capital Startups
Virus Begins Separating Strong Startups From Weak
While it will take months to understand the full impact of the coronavirus on the startup economy, evidence of its grim toll is already beginning to mount.
Startups
Layoffs Accelerate Across Silicon Valley Startups
As the world braces for a recession triggered by the coronavirus outbreak, venture capital–backed startups across several industries are making significant cuts to their employee numbers.
The Takeaway Startups
The (Pink) Elephant in the Tech Press
“I bet that she is next.” So read the text message from a friend as she sent me the essay The Wing CEO Audrey Gelman published about the mistakes she’s made as a founder and what she’s learned from them.
Entertainment
Stay-at-Home Lockdown a Boon for Video Services? Not So Fast
In what may be the worst of times for most businesses, the enforced isolation of people at home is likely to make it the best of times for video-streaming services and TV networks.
Exclusive Startups Travel
VC-Backed Sonder Cuts One-Third of Staff as Travel Plummets
Sonder, a venture capital-backed operator of apartment-based lodgings for tourists and business travelers, laid off or furloughed more than 400 people, about one-third of its staff, in a bid to offset a declining number of bookings as the travel market collapses.