Month: August 2026

CAA urges state leaders to exempt film and TV projects from corporate tax credit cap

The head of one of Hollywood’s largest talent agencies warned state leaders that a new budget bill threatens job gains from California’s film and TV credit program.

Legislators earlier this year passed a provision in the state budget that extends limitations on corporate tax credits, including a $5-million state tax credit cap each year.

But film industry advocates say the corporate tax credit cap will hurt film producers and undercut the effectiveness of the state’s expanded film and TV tax credits.

Lawmakers more than doubled annual funding for the program last year to $750 million in an effort to boost jobs and stem the exodus of film work from California.

CAA Chief Executive Bryan Lourd called for state leaders to create an exemption for tax credits earned under the expanded film and TV program.

“Without this fix, we risk destabilizing a program that is critical to keeping film and television production in California and the thousands of jobs it supports,” Lourd wrote in an Aug. 11 letter to Gov. Gavin Newsom, California State Assembly Speaker Robert Rivas (D-Hollister) and President Pro Tempore Monique Limón (D-Santa Barbara).

“California must make itself competitive with the rest of the country and the world if it hopes to have a thriving entertainment ecosystem,” Lourd wrote. “Honoring commitments that have already been made to the entertainment industry is an essential step in achieving that goal.”

Film industry advocates expected producers would be exempted from the tax credit cap.

“It’s a reversal of California economic policy as it relates to the entertainment industry in an unhelpful and uncompetitive direction,” said Hilary Krane, CAA’s chief legal officer, in an interview. . “It undermines people’s ability to plan for the economics of the program because they all counted on a certain amount coming in under the previous rules that they were entitled to and had, but now can’t use.”

Last month, more than three dozen California lawmakers signed a letter calling attention to the issue. Hollywood unions also have raised alarm.

“The result of the changes is that production companies will lose the full value of credits already earned in exchange for creating middle-class entertainment industry jobs and other economic benefits to the State,” the Entertainment Union Coalition said last month.

Nick Miller, Rivas’ spokesperson, said the state Assembly is taking a hard look at the issue.

“Our lawmakers strengthened California’s film and TV jobs program last year and will keep fighting for creative industry workers,” Miller said in an email.

Newsom’s office did not immediately return a request for comment.

Time is running out for a fix to happen this session, which ends in less than two weeks.

State Assemblymember Rick Chavez Zbur (D-Los Angeles) said state leaders are working on introducing legislation soon to address the issue.

Already, tens of thousands of jobs have come back to Southern California due to the modernization of the film and TV tax credit program, he said.

“We just saw the beginning of that resurgence and we don’t want to nip that in the bud,” Zbur said in an interview.

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World Cup 2026: Racism suffered by England players on X amplified by algorithms – new report

Hope Not Hate said current attempts to tackle online abuse often focused too heavily on what happens after a racist post had already been seen.

Players can block users, report messages and platforms can suspend accounts, but Hermansson says those measures do not address the way abusive content is amplified.

“X doesn’t take racism seriously enough,” he added. “We’ve seen it for a number of years now. There is no change or improvement.”

He said social media companies already had the tools to alter how their algorithms recommended content, particularly during periods when abuse is surging.

“It’s actually a relatively small number of accounts and originating tweets that then get tons of replies,” he said.

“I think it’s entirely feasible to stop this, or a vast amount of it.”

Hope Not Hate said one option would be to downrank posts attracting large volumes of abuse, meaning they were recommended to fewer people.

Before the new Premier League season the group called on UK’s media regulator Ofcom to use its existing powers under the Online Safety Act more effectively and address predictable spikes in hate.

They want Ofcom to outlaw the algorithms fulling abuse and also to designate major sporting events as “high risk”.

This would require platforms to deploy strict safety-by-design rules, remove abuse proactively and downrank rapidly escalating viral hate through algorithmic adjustments.

In a statement to BBC Sport, Ofcom said: “We’re pushing tech firms hard to make their services safer, and we’ll be holding them to account if they don’t.”

Ofcom also cited a new partnership with police and footballing bodies before the World Cup to tackle online abuse.

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UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete (VIDEO)

The UAE has already completed nearly 50% of a second pipeline that bypasses the Strait of Hormuz, said the CEO of Abu Dhabi National Oil Co,, or ADNOC. The new pipeline will double ADNOC’s export capacity through Fujairah, a port that sits on the Gulf of Oman just beyond Hormuz. The United Arab Emirates has built nearly 50% of a second pipeline that will bypass the Strait of Hormuz, said the CEO of Abu Dhabi National Oil Co., or ADNOC, on Wednesday.

“Right now, too much of the world’s energy still moves through too few chokepoints,” Sultan Ahmed Al Jaber said in an interview at the Atlantic Council. The new pipeline will double ADNOC’s export capacity through Fujairah, a port that sits on the Gulf of Oman just beyond Hormuz. The UAE has accelerated the construction of the project due to the Iran war. The pipeline is expected to become operational in 2027. Iran has blockaded Hormuz since early March, choking off the oil and gas exports of the UAE and the other Gulf Arab producers. The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.

The Hormuz blockade has triggered the most severe energy supply disruption in history, al Jaber said. More than 1 billion barrels of oil have been lost due to the strait’s closure, the CEO said. Nearly 100 million additional barrels are lost every week that Hormuz remains closed, he said. It will take at least four months to ramp oil flows up to 80% of normal levels even if the conflict ends immediately, Al Jaber said. It will take until the first or second quarter of 2027 for oil flows to fully normalize, he said. “This is not just an economic problem,” Al Jaber said.

“In fact, this sets a dangerous precedent once you accept that a single country can hold the world’s most important waterway hostage.” Iran blockaded Hormuz after the U.S. and Israel launched a massive wave of airstrikes against it on Feb. 28. Those strikes killed top Iranian leaders including head of state Ayatollah Ali Khamenei. U.S. Energy Secretary Chris Wright told CNBC on Friday that the importance of Hormuz to the global energy market will decline after the Iran war, as Gulf nations build more pipelines to bypass it. “This is a card you can play once,” Wright said of Iran’s blockade. “There’ll be other routes for energy to get out of the Persian Gulf.” “We will see a decreasing importance from the Strait of Hormuz, but not a decreasing importance of those nations’ energy production and energy supply,” he said.

Stay ahead of the geopolitical week.

MD Briefing delivers expert analysis across five global fronts — the Indo-Pacific, energy, geoeconomics, European security, and the Middle East — every Monday morning. Free.

Credit: CNBC via Reuters Connect

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Mark Wright branded ‘selfish’ as fans spot very green lawn at Essex mansion amid hosepipe ban and drought

THEY say the grass isn’t always greener on the other side, but it appears it is when you look over the fence of Mark Wright’s Essex mansion.

The former Towie star has come under fire from fans for his very healthy looking lawn – despite the region’s new hosepipe ban after multiple heatwaves.

Mark Wright has come under fire for his very green lawn amid a hosepipe ban Credit: Instagram/ @wrighty_
Essex, where he lives, and Suffolk are currently on a temporary use ban of hosepipes due to the lack of rainfall – but many of notices how healthy Mark’s grass is compared to everywhere else Credit: Instagram

Essex and Suffolk Water introduced a hosepipe ban earlier this month as a result of a lack of rain this summer.

Under a temporary use ban, customers cannot use a hosepipe, sprinkler, or pressure washer for various activities, such as watering plants or filling up hot tubs.

However, Mark took to Instagram earlier this week to share a video of himself relaxing in his outdoor pool, with his green garden grass seen behind him.

As he sipped on cocktails in the clip, Mark was sharing his at-home drinks recipe with fans.

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The former Towie star and his wife Michelle Keegan moved to their mansion back in 2022 Credit: PA
It came after years of building works on the property Credit: Instagram

However, fans were more confused over his garden than his homemade mojito.

One user commented below the video: “Amazing grass considering a huge hose pipe ban and much of Essex not have basic water access ATM. Man of the people I see”.

“The grass is looking nice and green 😂,” said a second.

A third wrote: “FYI everyone else has a hosepipe ban?! ?”

“Picture of your house with luscious green grass going around social media while every surrounding bit of land is dead?

“Let all the farmers put their cattle on your land and eat the grass!! They are struggling,” slammed another.

Mark and his wife Michelle moved into their £3.5 million mansion in 2022, after spending years building it into their dream home.

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HSBC, StanChart Test Interbank Tokenized Deposits

Home Technology HSBC, Standard Chartered Test Interbank Tokenized Deposits On SWIFT

Banks clear major milestone toward real-time, cross-border tokenized deposits.

Tokenized deposits are a step closer to broader institutional use as HSBC Holdings PLC and Standard Chartered PLC completed the first bank-to-bank transaction via the banking messaging consortium SWIFT’s digital blockchain-backed ledger, the banks reported on Aug. 19.

“As institutional demand grows for faster, more efficient ways to move liquidity, and optimize working capital increase, interoperable tokenized deposits will play an increasingly important role in helping corporate and institutional clients manage treasury, unlock operational efficiencies and support real time liquidity management across markets,” said Mark Willis, head of emerging payments, transactions services, and digital assets at Standard Chartered, in a prepared statement.

Interoperability remains one of the main barriers to tokenized deposit adoption.

The payment transaction sent by HSBC to Standard Chartered was recorded as a tokenized deposit obligation on HSBC’s Tokenised Deposit Service and Standard Chartered’s tokenized-deposit infrastructure, while SWIFT’s blockchain platform acted as the orchestration and record-keeping layer.

“It demonstrates how digital money issued by banks can be interoperable across institutions while maintaining the integrity and regulatory oversight of the existing financial ecosystem,” Lewis Sun, head of digital currencies at HSBC, added in the statement.

The transaction comes six weeks after SWIFT made its digital ledger platform available for initial use. SWIFT officials said the ledger will gain additional functionality after its initial go-live phase.

Tokenized Deposits Benefits

Tokenized deposits differ from stablecoins by their backers and how they operate. Private institutions issue stablecoins backed by an audited reserve of highly liquid financial instruments. Tokenized deposits are digital representations of bank deposits issued by regulated financial institutions and act as direct claims on those institutions. Owners can also convert tokenized deposits back into fiat currency and restore account balances.

For corporate treasuries, tokenized deposits provide the benefits of digital money — faster settlement, programmable money, digital asset integration, and immutable transactions — while maintaining existing banking relationships and aligning with existing banking regulations.

Broader Industry Activity

HSBC and Standard Chartered’s initial transaction via the SWIFT digital ledger is only the latest of such announcements in the past several weeks. A day earlier, the Canton Network announced that tokenized deposits are live on its network with HSBC, Lloyds Bank PLC, and JPMorgan Chase & Co. in various stages of testing, TradingView reported.

In early June, U.S. payments rail operator The Clearing House, which is owned by 25 of the largest financial institutions, released plans to launch on-chain clearing and settlement of tokenized deposits within the established banking framework. 

A month later, the Cari Network announced a soon-to-launch pilot to support real-time settlement, liquidity management, and digital money movement. Unlike other initiatives backed by tier-1 institutions, Cari Network is designed by U.S. regional institutions First Horizon Corp., Huntington Bancshares Inc., KeyBank National Association,  M&T Bank Corp., Old National Bancorp, and SouthState Bank Corp.

The importance of these projects is less about how they achieve results and more about whether they can provide faster settlement, lower reconciliation costs, and real-time cash management. The next step will be whether these pilots develop into production-quality systems that can deliver interoperability and meet regulatory obligations across various jurisdictions.

Rob Daly covers fintech and the economy. Contact him at rdaly@gfmag.com. 

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National security question trips up Sen. Darline Graham in South Carolina debate

Sen. Darline Graham stumbled in a Tuesday night debate over an elementary question about foreign policy, a signature issue of her late brother. It was a high-profile misstep a week before she faces a runoff election in her bid to hold onto the South Carolina seat to which she was appointed last month.

Graham, a political novice, was asked whether the U.S. has a national security interest in Taiwan and the South China Sea — a longstanding contention of both Democratic and Republican administrations. She struggled to answer before admitting “national security is not my thing.”

“I’m not that informed on national security,” she added.

Her rival in next week’s runoff for the GOP nomination, Rep. Ralph Norman, suggested the answer showed Graham was unqualified for the role.

“By her choice, she’s running for the United States Senate. It’s a six-year term,” Norman said. “You need to get fully versed in what issues you’re going to be dealing with. This isn’t a ‘get training on the job.’ You can’t do that.”

It was a moment that drew a stark contrast to Graham’s brother, Lindsey, who died unexpectedly July 11. It also gave Norman, an established conservative politician, a fresh avenue of attack as he tries to overcome President Trump’s endorsement of Graham in her first campaign. The Republican president is set to visit South Carolina on Friday to campaign for her.

During his decades in the Senate, Lindsey Graham was known for his foreign policy involvement, making countless foreign trips, sometimes as part of a group of U.S. lawmakers meeting with international leaders and observing contentious areas firsthand.

There were multiple trips to Taiwan, including in 2022, when he led a delegation for a two-day visit that included meetings with Taiwanese President Tsai Ing-wen and the island’s defense minister.

Darline Graham had been asked, “Are Taiwan and the South China Sea national security issues for the United States and if so, why or how?”

Graham avoided a direct response, and instead mentioned her brother’s wealth of experience and her desire to lead differently.

“My brother was in the Air Force for 33 years, so I will do everything I can to support the military,” said Graham, who often read during the debate from a legal pad on which she had notes, its pages draped over the front of her lectern. “My dad was in the Army. I’m not a polished politician up here; national security is not my thing, not my area of expertise, but I do support the military.”

As interim senator, Graham is surrounded by many of her brother’s Capitol Hill staff, many of whom worked with him for years on issues foreign and domestic. She’s repeatedly thanked them for getting her up to speed on legislative issues and has pointed to her several weeks on the job as a productive time in which she’s gotten legislation passed, including a Russia sanctions bill named for her brother.

In the wake of her brother’s death, Graham has been asked multiple times about how she would either further or shift away from his intense focus on national security, an attitude that was at the essence of his Senate portfolio.

Asked after the debate by reporters if she wanted another crack at her answer to the moderators’ question, she doubled down, saying she was more focused on South Carolinians’ everyday concerns.

“They’re worried about their pocketbooks more than they’re worried about the South China Sea, quite honestly,” Graham said. “So that’s going to be my biggest focus.”

Graham added that she had spoken multiple times during the debate about the overall national security threat posed by China.

“I realize national security is very important,” Graham said. “I probably said 10 times up there tonight how bad China is, how they’re a national threat to us.”

Taiwan has often been a flash point for aggression from China and international efforts to support its right to self-rule. The U.S. maintains a policy of strategic ambiguity over whether it would defend Taiwan militarily if the mainland invaded, but has committed to bolstering the island’s defense for generations.

Claimed by China as part of its territory, Taiwan sits along a South China Sea global trade route, virtually all of which China claims despite a 2016 arbitration ruling based on the 1982 U.N. Convention on the Law of the Sea that invalidated Beijing’s expansive claims.

During a visit to Manila this week, Adm. Frank Bradley, commander of the U.S. Special Operations Command, said that American special operations forces are ready to step up warfighting-readiness exercises with counterparts in the Philippines and other countries in Asia to further strengthen a security alliance and help deter a major conflict in the region.

Kinnard and Junkroski write for the Associated Press.

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MRI reveals ‘best-case scenario’ for Dodgers closer Edwin Díaz

The imaging Dodgers closer Edwin Díaz underwent in Los Angeles on Wednesday morning revealed a “best-case scenario,” manager Dave Roberts said before the series finale against the Rockies.

“There were no findings, so that was good,” Roberts said. “MRI was clean. It doesn’t change the fact that he had this sensation in his neck. But I think to keep working on it, give it some rest as far as throwing the baseball.”

Díaz officially went on the IL for “neck inflammation,” but early theories on the injury, before he went to a specialist on Wednesday, suggested the issue could be related to the area around the trapezius, according to a person with knowledge of the situation.

Roberts said Wednesday that the results suggested the injury was more muscular, rather than nerve related.

“I think he’d been feeling the tightness in his neck,” Roberts said. “But I think where it went to the other night, he hadn’t felt that sensation. So that’s what really checked him up.”

Roberts said he didn’t know exactly how long Díaz would be shut down from throwing, but he estimated that it probably would be only a couple of days.

The bullpen shuffle continued Wednesday, when the Dodgers activated right-hander Brock Stewart (right shoulder discomfort) from the 15-day IL. In a corresponding move, they designated right-hander Jonathan Hernández for assignment.

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Thursday 20 August Isese Day in Nigeria

Isese (the Yorùbá word for Tradition) Day celebrates the Yorùbá traditions and religion in a display of culture and spirituality with parties, festivals, parades, lectures and display of other traditional apparels to attract tourists from other parts of the world.

As well as in South-West Nigeria, Isese day is celebrated by Yorùbá diaspora communities around the world.

Yoruba people are a large ethno-linguistic group or ethnic nation in Africa, and the majority of them speak the Yoruba language. The Yoruba constitute approximately 35% of Nigeria’s total population, and around 40 million individuals throughout the region of West Africa.

The Yorubas are the main ethnic group in the states of Ekiti, Lagos, Ogun, Ondo, Osun, and Oyo, which are subdivisions of Nigeria; they also constitute a sizable proportion of Kwara and Kogi States as well as Edo State.

While the majority of the Yoruba live in western Nigeria, there are also substantial indigenous Yoruba communities in Benin, Ghana, Togo and the Caribbean.

The appropriate greeting for Isese Day is “Isese l’agba” and the response is “Isese l’agba gbogbo wa”.

Board approves $15.5 billion budget for Trump’s Dulles Airport plans

People at the United Airlines counter check-in at the main terminal at Washington Dulles International Airport in Dulles, Va., on July 30. President Donald Trump announced a $20 billion plan to rebuild and renovate the airport that includes terminal expansions and an underground U-shaped train to move travelers between terminals, eliminating the need for mobile lounges, or “people movers”, which have been in use since 1962. Photo by Bonnie Cash/UPI | License Photo

Aug. 19 (UPI) — The Metropolitan Washington Airports Authority on Wednesday approved a $15.5 billion budget for Dulles International Airport, setting the stage for renovations proposed by President Donald Trump.

The board approved the proposal for the Revitalizing Washington Dulles International Airport Project, an initiative launched by the Department of Transportation in December.

The approval includes $3.75 billion for new underground tunnels which will replace the airport’s shuttle system, the renovation of Concourses C and D, and $6.2 million for the reconstruction of the main terminal.

The project is slated to begin in late 2027.

Trump said during a briefing at the White House last month that more than 5 million square feet will be either new or renovated space at the airport. He called the airport in its current state “a terrible place to be.”

The president said in July that the estimated cost of the project is more than $20 billion.

About $14.2 billion of the funding will come from new bond issuances, $200 million from grants and $1.1 billion in Passenger Facility Charges: fees that travelers pay for using the airport.

New expenditures included in the budget amount to about $48 million, MWAA’s report says.

President Donald Trump speaks to the press as he tours a new helipad on the South Lawn of the White House on Wednesday. Photo by Al Drago/UPI | License Photo

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Publisher of US military newspaper resigns over differences with government | Donald Trump News

The longtime publisher of Stars and Stripes, a newspaper focused on the United States military, has resigned amid what he described as disagreements with the Defense Department‘s leadership.

Max D Lederer Jr announced his retirement in a memo to staff on Tuesday, as well as in an interview with Stars and Stripes.

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The memo suggested that Lederer clashed with the administration of President Donald Trump over government efforts to seek greater editorial control over the publication, The Associated Press reported.

In the memo, Lederer wrote that it has “become clear that my philosophy of leadership, and my understanding of the value and mission of Stars and Stripes, differ in fundamental ways from the direction the leadership of the Department of Defence has for the organization”.

The announcement comes after Secretary of Defense Pete Hegseth accused the publication of promoting “woke distractions”.

The Trump administration has also slammed the outlet for bringing attention to poor conditions and declining morale on the USS Abraham Lincoln aircraft carrier, involved in the war on Iran.

Founded in 1861, Stars and Stripes has been an institution in the US military for well over a century.

While the newspaper receives a significant portion of its funding from the US government, it has sought to maintain editorial independence from the various administrations in power.

Critics, however, say the threats to the news outlet have increased in recent years.

During the first Trump presidency, from 2017 to 2021, the Pentagon sought to eliminate funding for the newspaper, though Trump pledged not to cut its budget “under my watch”.

“It will continue to be a wonderful source of information to our Great Military,” he said at the time.

In January, though, Trump’s second-term Defense Department announced that it would seek to bring the paper into greater alignment with the government’s priorities.

Pentagon spokesperson Sean Parnell framed the move as “returning Stars and Stripes to its original mission: reporting for our warfighters”.

The Pentagon also fired Jacqueline Smith, the newspaper’s ombudsman, who was charged with protecting its reporting from political interference. The move prompted outcry about eroding press freedoms, including from Smith herself.

“No one should be surprised that they’re kicking out the one person charged by Congress with protecting Stars and Stripes’ editorial independence,” Smith wrote in a column responding to her termination.

Hegseth has overseen efforts to restrict access to the Pentagon for journalists across the board.

In June, for instance, reporters were banned from the Defense Department’s press office, which was abruptly designated as a classified area.

That same month, a judge paused a policy requiring journalists to have escorts to access the Pentagon, a rule that news agencies warned could violate their First Amendment freedoms.

Other policies have been struck down in the courts, including a set of rules that would have barred journalists from engaging with materials not explicitly authorised by the Pentagon.

Hegseth has also cracked down on policies he considers part of the “Diversity, Equity and Inclusion” movement, or DEI.

Dismissing them as evidence of “wokeness” – a vaguely defined concept – Hegseth has argued that DEI hinders military effectiveness.

The Pentagon is currently embroiled in an ongoing war on Iran, which the US launched with Israel on February 28.

The war remains deeply unpopular in the US, and reports have emerged that the military offensive has strained US forces and munition supplies.

Stars and Stripes was one of two military publications to report on flagging morale and suicide attempts by US service members on board the USS Abraham Lincoln, one of the aircraft carriers participating in the war.

The USS Lincoln has broken the US Navy record for the length of its deployment without a port stop. It left port in November and was sent off the coast of Venezuela before being redirected to the region near Iran.

Trump and his allies have lashed out at critical reporting about the war, with the president suggesting that journalists who highlight the troubles faced by the military are traitors who want to see their country fail.

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Skins legend looks completely unrecognisable 19 years after Channel 4 fame

Skins star Mike Bailey has left fans stunned with his dramatically different appearance

The actor recently made a rare public appearance.

Former Skins star Mike Bailey has left fans gobsmacked after appearing virtually unrecognisable during a rare public appearance, and it’s not just his looks that have changed dramatically.

Gone is Sid Jenkins’ trademark floppy brunette hairstyle, replaced by a cropped blonde look on the now 38-year-old actor.

Fans of the show were left astonished by how different Bailey appeared during an appearance on the NSN podcast in March.

One fan remarked: “Took me some time to figure out this was Sid, ahahah,” while another concurred: “I can hear Sid but I can’t see him.”

A third person observed: “bro that is NOT the same person,” with another commenting: “So odd seeing him w blonde hair and not swoopy brown bangs a beanie and glasses lol.”

A final viewer remarked: “Can’t tell if I cant recognise him because it’s been nearly 20 years, or because he doesn’t have his hat on.”

Bailey first captured audiences’ attention back in 2007 when he portrayed the much-loved Sid in the cult teen drama. Mike, then just a teenager himself, featured in the opening two series of the show’s seven-season run.

His co-stars included Nicholas Hoult, Dev Patel and Daniel Kaluuya, who have all since carved out stellar Hollywood careers. Yet Mike opted for a completely different path, stepping away from the entertainment industry entirely.

The Bristol native traded acting for teaching, discussing his career change during a 2017 Radio Times chat.

“I kind of thought ‘what the f**k am I doing with my life?’ and ended up getting in a conversation with the wife a couple of years ago and decided that those who can’t act teach,” he revealed, reports OK!.

“10 years ago I never thought I’d still be talking about it, but [Sid] still does pop up every now and again.”

While his acting stint was relatively brief, Mike did appear in several productions, including the documentary 1066: The Battle for Middle Earth and the film We Are the Freaks. He now looks back fondly on his Skins experience as “a collective positive memory”.

But it’s his teaching role that truly resonates with him. During his appearance on the NSN podcast, he enthused: “I love it, it’s the best job I’ve ever had.”

Mike reflected on his varied career, saying: “It’s one of those things, you know those cliché things, I go into work each day and it’s completely different. It literally is.”

Skins is available to stream on Disney+

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LA County warns that Paramount-Warner merger could erase thousands jobs

Paramount Skydance’s proposed $111-billion takeover of Warner Bros. Discovery could result in 4,500 jobs eliminated in Los Angeles over a three-year period, according to a new report.

Los Angeles County supervisors earlier this year wanted to explore the potential economic impact of David Ellison’s proposed union of two historic Hollywood studios. The report, completed this week by CVL Economics, paints a sobering picture of the potential aftermath of the debt-laden deal, including the prospect of an estimated $1.26 billion in lost wages.

“Los Angeles County’s film and television economy is already undergoing a significant structural contraction,” the report said. “The proposed merger of Warner Bros. Discovery and Paramount Skydance introduces an additional source of risk into that already changing market.”

California Atty. General Rob Bonta is leading a coalition of 12 states attempting to block the merger on antitrust grounds. A trial has been set for March. Paramount and other groups, including cinema chain owners and some Hollywood unions, have agitated for a settlement to curtail months of uncertainty over whether the deal will go through.

The proposed merger has been controversial in Hollywood due to fears of widespread layoffs. The Writers Guild of America has brought its own lawsuit to thwart the deal.

The goal of the county’s report was to provide “a comprehensive assessment of the merger’s production workforce implications,” amid the ongoing decline of L.A. based film and television production work. Los Angeles has witnessed the elimination of more than 50,000 entertainment jobs since 2022.

The 120-page report, from the county’s Department of Economic Opportunity and Film Office and requested by Supervisor Lindsey Horvath, found that more than 15,000 corporate roles would be at risk, including an estimated 2,495 jobs based in Los Angeles County.

The two companies would have an overlapping workforce within its linear cable channel divisions, film and television studios, streaming operations and corporate functions, including marketing, technology and advertising sales.

“Effects on crews, crafts, post-production personnel, vendors, and production-serving small businesses,” could also be substantial, the report said.

Paramount, in a statement, said the report highlighted the industry’s troubles and made a case for the merger.

“LA County’s own economic report underscores what we have been saying all along: our industry is in decline, production is down and jobs are being lost — and lost for good if we don’t act,” Paramount said. “Our plan to invest $30 billion annually in production and release at least 30 films a year.”

That commitment, Paramount said, would lead to “more jobs over time, and ultimately, a stronger, more durable entertainment industry for generations to come.”

Paramount has received clearances from the U.S. Justice Department and 65 other regulators around the globe to complete the merger.

For now, Bonta’s lawsuit is standing in the way.

Paramount has promised investors the deal would lead to at least $6 billion in cost savings through the consolidation of operations. The company has said the merger would ultimately be good for consumers and workers because a combined Paramount-Warner Bros. would have greater resources to compete with tech giants that are investing heavily in entertainment.

But the report pointed to the high level of debt that Paramount would have to take on — nearly $82 billion — to buy the stock of Warner Bros. Discovery shareholders to finalize the takeover.

“If revenues underperform or planned savings prove more difficult to achieve, pressure to identify additional cost reductions could increase,” the report said.

The two companies already are carrying substantial interest costs due to their existing debt structures. “In the quarter ended June 30, 2026, the two companies reported a combined $712 million in operating income and $737 million in net interest expense,” the report said, meaning that the companies were producing less profit than what was needed to support their debt obligations.

Despite Paramount predicting cost savings and reduction in debt over time, “those savings will take several years to fully realize,” the report said.

Paramount Skydance CEO David Ellison.  (Photo by PATRICK T. FALLON/AFP via Getty Images)

David Ellison was hoping to wrap up his $111-billion merger with Warner Bros. by September.

(PATRICK T. FALLON/AFP via Getty Images)

Television production in Los Angeles could be especially vulnerable, in large part, because Paramount and Warner Bros. already have moved most of their feature film projects outside of L.A. High levels of TV production continues at Warner Bros. complex in Burbank and Paramount’s and CBS’ soundstages in Hollywood and Santa Clarita.

“The economic impact extends well beyond employment,” with an expected elimination of $547 million in tax revenue, including $78.6 million in local taxes, the report said.

It noted that Warner Bros. and Paramount films were “particularly employment-intensive.”

“Their theatrical releases carry 2.74 times as many screen credits as the average theatrical release, while their streaming films carry twice as many,” the report found.

The document also highlighted a pre-existing pull-back in production at the two studios in recent years — something that Ellison plans to correct.

Paramount was struggling to remain solvent prior to the Ellison family’s purchase of the media company last year. Warner Bros. had scaled back offerings following Discovery’s $43-billion takeover of WarnerMedia in 2022 as it struggled to contain the debt from that deal.

“Between 2019 and 2025, Warner Bros. Discovery and Paramount accounted for a net reduction of approximately 195 major U.S. releases,” the report said. At the same time, other major distributors combined “added about 67 projects.”

Ellison is looking to finalize his massive Hollywood deal — folding CNN, HBO, TBS, Food Network and the Warner Bros. film and television studios under Paramount — as quickly as possible. He must hold together Paramount’s coalition of financiers and manage rising expenses, primarily legal fees and escalating obligations to Warner shareholders.

The state attorneys general, including from Colorado, Oregon, Nevada, Washington and New York have argued that the blockbuster merger — the largest in Hollywood in decades — would violate the century-old Clayton Antitrust Act.

Paramount hoped the trial over Bonta’s lawsuit would begin in November but U.S. District Judge Araceli Martínez-Olguín set the trial for March 2.

If the deal goes forward, just four studios — a post-merger Paramount-Warner, Disney, NBCUniversal and Sony Pictures — would control 86% of movies that are widely released (in more than 3,000 movie theaters), according to the attorneys general lawsuit. Paramount has argued that projects from Amazon MGM, Netflix and Apple should be included because they compete with the traditional companies for talent and audiences.

Paramount-Warner Bros. would also own more than 50 cable channels, including HGTV, Animal Planet, BET, MTV and Comedy Central.

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Champions League: Celtic find value in Camilo Duran – but does ambition reach further still?

The Swede set Celtic on their way and Duran’s double did the rest, a gorgeous volley – on the back of hustling and harassing of the LASK defence – and then that sumptuous team goal that rounded it off.

O’Neill said the club has a bargain in Duran and the early signs are that he was an absolute steal at somewhere between £4.5m and £6m, depending on who’s talking.

The Colombian has intelligence and guile but he’s also got the work-ethic that means every bit as much as his other qualities.

In the 72nd minute, Celtic were 3-0 ahead, and yet there the 24-year-old was darting back into defence to help out, tracking LASK men until they were hounded out of possession.

As much as his goals, his lung-busting effort to put in a shift made him a hero of the night for Celtic people. Honesty counts for a lot.

It’s easy to say that Celtic learned their lesson from a year ago and splashed the cash. They spent close to £30m and now they’re getting their reward. It’s never that simple.

Spending is something that Celtic have done a lot of over the years. Spending wisely has been their problem. Splurging money on last-minute loans who, surprisingly, turn out to be duds.

Forking out multiple millions on recent and not so recent failures – from Balikwisha to Barkas – has been the problem. The decision-making has been awful too often.

Duran represents a return to form, a reminder of the days when they found value, mostly under Ange Postecoglou.

We’re too quick to write off players and we can also be too quick to brand them as stars in waiting. You should tread carefully at all times. With Duran we’ll take the plunge – this guy looks special.

Beyond offering a physical distraction, Kasper Hogh was quiet against LASK, but he will score plenty in the weeks and months ahead. At £11m, he, too, looks like money very well spent.

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Study: Europe sees marine heat wave from climate change

Aug. 19 (UPI) — A study released Wednesday shows that the Atlantic Ocean and Mediterranean Sea are far hotter than normal, threatening ecosystems and coastal communities.

Parts of the oceans around Europe reached more than 42 degrees Fahrenheit above average this week in a marine heat wave hitting the area.

Climate change is the cause, said the World Weather Attribution consortium in the study.

This summer has been especially brutal in Europe, which has seen multiple heat waves with extreme temperatures and worsened by wildfires. Western Europe recorded its hottest summer on record.

In the water, the high temps harm marine life, raise jellyfish populations and increase the risk of stronger storms later in the year.

“This summer, we’ve seen some really exceptional ocean temperatures around Europe,” said Catherine Gregory, a climate scientist at the University of Bern who contributed to the study, Politico reported.

“By July, the average temperature of the entire Mediterranean Sea was just over 27C [80.6 degrees Fahrenheit], which was the highest July value on record,” she added. “We’ve had a buoy reading to the west of Mallorca measuring more than 33C [91.4F] in open water … and we’ve seen similarly extreme conditions in the North Atlantic.”

The scientists analyzed four regions: the Eastern and Western Mediterranean; the Atlantic around the Bay of Biscay and Iberian Peninsula; and the seas around Ireland and western Britain.

“We find it’s the most extreme July marine heat wave conditions in the record for the Western Mediterranean, the Celtic region and for the Bay of Biscay-Iberian Peninsula region,” Gregory told Politico.

The scientists found that climate change raised temperatures in both Mediterranean regions by 35.6 degrees Fahrenheit, and Iberian waters increased by 34.52 degrees. The Irish seas rose by 34.34 degrees.

Oceans absorb most of the excess heat from burning fossil fuels. The warming waters push some species to search for cooler water, while those that can’t move, such as corals or seagrasses, could see mass die-offs.

“We have what we call winners and losers. So a lot of species wane in abundance or completely disappear while others bloom and proliferate,” said John Bruno, an ecologist from the University of North Carolina at Chapel Hill and one of the study’s co-authors.

A scuba diver points to the change in color of a distressed brain coral as warmer than normal sea temperatures affect the overall health of the reef system offshore from Boynton Beach, Fla., on August 5, 2023. Photo by Joe Marino/UPI | License Photo

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Lebanon hands former Syrian army general to Damascus after arrest warrant | Courts News

The transfer is the first from Lebanon involving a Syrian military officer who fled after al-Assad’s government was toppled in 2024.

Lebanon has handed over a former senior Syrian army officer to Damascus to face charges related to murder and torture, the first such transfer since former Syrian President Bashar al-Assad was toppled in 2024.

The transfer involved Major-General Adel Issa, a former commander of the Syrian army’s 17th Division who later led ground forces in the eastern province of Deir ez-Zur.

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Syria’s Ministry of Interior confirmed his delivery into Syrian custody in a statement on Wednesday.

“Today, Syrian authorities received from the Lebanese authorities the former officer in the defunct regime army, Major-General Adel Issa,” the ministry said.

It added that a Syrian arrest warrant had accused Issa of charges including intentional homicide, facilitating a felony, killing more than two people, torture leading to death, and crimes aimed at inciting civil war and sectarian strife.

A Damascus referral judge will hear his case, which could then be sent to a criminal court for trial, the ministry added.

Issa, 67, has denied the accusations, the Reuters news agency reported, citing two people familiar with his arrest and extradition.

He was detained on August 8 after going to the Syrian embassy in Beirut to complete paperwork.

Embassy officials alerted the prosecutor’s office in Lebanon that he was wanted in Syria, and Lebanese investigators took him into custody, Reuters reported.

His transfer follows months of pressure by Damascus for Lebanon to act against former government officers, as well as security and military officials, who sought refuge in Lebanon after the Assad regime collapsed in December 2024.

President Ahmed al-Sharaa, a former rebel leader, has led the country since.

In January, Syrian authorities gave Lebanese security officials a list of more than 200 former senior officers wanted by Damascus.

Earlier this month, a Damascus court sentenced al-Assad to death in absentia on charges including murder, arbitrary detention and torture. Al-Assad lives in exile in Moscow.

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Lily Allen brands herself a ‘porn enthusiast’ as she reveals awkward racy website blunder with new boyfriend

LILY Allen has described herself as a ‘porn enthusiast’ in a very candid new interview.

The singer, who split from her husband David Harbour last year, also revealed she suffered an awkward blunder with her new boyfriend when it came to X-rated sites.

Lily Allen attending the Silver Clef Awards.
Lily Allen has described herself as a ‘porn enthusiast’ in a new admission Credit: Splash
Lily Allen in a black coat and Jonah Freud in a green coat making a stylish appearance in Paris.
She is currently dating Jonah Freud, confirming the romance back in February Credit: Splash

In February, Lily confirmed she’s in a new relationship with Jonah Freud.

And while she is hesitant to speak about the romance publicly, Lily has opened up on her bedroom preferences in a very open new interview.

Talking about her opinions on porn, she told Perfect Magazine: “There have been times when I’ve been a porn enthusiast. I’m not currently in one of those periods.”

Admitting she recently had a blunder with new beau Jonah about porn, Lily continued: “However, I did try to get on to Pornhub the other day because my phone was connected to the Bluetooth speaker [backstage at a show] and I thought it would be really funny while everyone was getting ready to go to the toilet and put porn on and everyone would think I was secretly watching it in the toilet.

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“But the wifi wouldn’t allow me to go on any restricted sites, so I couldn’t do it.

“And then I was in bed with my boyfriend later and when he asked me to Google something, Pornhub came up on my search history and I tried to explain but it just didn’t sound very believable.”

Lily added that she wasn’t embarrassed but was “annoyed” her other half didn’t believe her.

The singer confirmed her relationship in February after being spotted with Jonah several times.

After being asked who the last person she texted was in an interview, she replied: “My boyfriend.”

However, she didn’t expand further on the romance.

It comes after she split from husband David Harbour last year.

It is reported Lily turned detective after growing suspicious that her hubby was cheating and caught him out on Raya — the same app where she met him in 2019.

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Wolfspeed targets $140M-$160M Q1 FY2027 revenue while citing AI data center growth and continued negative gross margin (NYSE:WOLF)

Earnings Call Insights: Wolfspeed (WOLF) Q4 FY2026

Management View

  • CEO Robert Feurle said Q4 reflected progress “since we substantially refreshed our leadership team and capital structure,” and reported “fourth quarter revenue results of $150 million,” which he said “represents another quarter of delivering results at the

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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‘No serious dispute’ that Comey’s seashell post could be read as a Trump threat, prosecutors say

The Department of Justice is defending its prosecution of former FBI Director James Comey, saying “there is no serious dispute” that a social media post of seashells he made last year could be understood as a threat against President Trump.

Prosecutors also called into question Comey’s account that he had found the seashells in the numerical arrangement of “86 47” while walking on a beach in North Carolina and suggested that his May 2025 post on Instagram was an effort to generate attention for a forthcoming novel about a social media personality whose words inspire his fans to attack his foes.

The arguments in motions late Tuesday represent the government’s most detailed explanation of its indictment and were filed in response to wide-ranging defense efforts to dismiss the case on grounds including that it constitutes a vindictive prosecution and that Comey’s post did not amount to a true threat. Comey’s lawyers contend that investigators in the case misled judges, submitted documents containing false statements, withheld key facts and repeatedly came up empty in their efforts to prove that Comey intended a physical threat or knew that the number 86 could suggest violence.

The entry for “86” from Merriam-Webster, the dictionary used by the Associated Press, says its meaning is “to throw out,” “to get rid of” or “to refuse service to.” Trump, a Republican, is the 47th president.

The Justice Department maintains that the post constituted a real threat

Federal prosecutors maintain that the photo of the seashells, which Comey said he found on the beach, constituted a threat against Trump. Comey deleted the post shortly after he put it up, saying he did not know that anyone interpreted the numbers as a call to violence. His lawyers have said that the slogan has long meant to “get rid of” or “eject” and has been featured on thousands of items sold online and is regularly displayed at protests.

But the department sought in its filings to place the post against the backdrop of assassination plots or attempts against Trump in the months before and after Comey’s post. Prosecutors say that two minutes before the post was made, Comey’s wife texted him a screenshot of a definition of “86” that said “to get rid of or refuse service.”

“There is no serious dispute that an objective viewer of Comey’s post could read it to mean ‘Kill President Trump,’” prosecutors wrote.

The photo was posted days before Comey was set to release a novel he wrote titled “FDR Drive,” in which a prosecutor pursues a far-right social media personality who has called out his adversaries by name and inspired violence against them by his fans, the department said.

After the Instagram post provoked an outcry, according to the government’s filings, Comey’s publishing agent observed in a text message to him that he had “gone viral.” Comey responded that that was “not my intention, but I’ll be OK if it sells books.” The agent replied, ”Music to an agent’s ears.”

Prosecutors also asserted there was “reason to doubt” Comey’s account of having come upon the seashells while on a walk, saying they were located four miles “down from the beach from beachfront property where Comey was staying, in an area separated from the ocean by a sand dune.” They said there was “no evidence that anyone else arranged, photographed, or even saw the shells.”

Comey has called the case vindictive, but prosecutors deny that

Comey’s lawyers have called the indictment, which was filed months after an earlier and unrelated case against him was dismissed, part of a Trump retribution campaign targeting one of the president’s vocal critics. Trump fired Comey as head of the FBI in 2017 as Comey was overseeing an investigation into potential ties between Trump’s 2016 presidential campaign and Russia. Trump since then has called for him and other perceived adversaries to be jailed.

But the Justice Department denied allegations of vindictiveness, saying the decision to indict Comey was made by the U.S. attorney in the area and did not stem from a directive from the president or the attorney general.

To bolster their claims that Comey was unjustly targeted, the defense team argued that investigators struggled to develop compelling evidence from witnesses that Comey had intended the post as a threat, but they concealed that from federal magistrates as they applied for warrants to search digital accounts associated with Comey and his wife.

For instance, defense lawyers have said, the FBI searched an internal database of information about open and closed investigations for any indication of an association between Comey and the term “86” but found inconclusive results. An FBI agent also requested a review of the FBI file for the case against reputed mobster John Gambino, which Comey worked on as a young prosecutor, but found no references to the term “86.”

Investigators also interviewed a key government cooperator in the case, Salvatore “Sammy the Bull” Gravano, who said he did not recall ever discussing the term “86” with Comey or hearing it in connection with the trial.

The latest filings made clear that the administration was standing behind the premise of the case.

“No Government theory was disproved at that time, or now. No intentionally false omission exists, much less one made with reckless disregard for the truth,” prosecutors wrote. “The evidence still supports that Defendant acted at least recklessly by consciously disregarding a substantial risk that his coded message of “8647” that he sent to his 200,000 or so Instagram followers, and the millions of secondary social media users who would view this as threatening violence against the President of the United States.”

Tucker writes for the Associated Press.

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England vs Pakistan: Josh Tongue and Ollie Robinson split Headingley ball in half

Much like it is a tradition for a footballer to take away the match ball after scoring a hat-trick, a bowler will pocket the cricket ball after claiming a five-wicket haul.

But what happens if two bowlers take five-wicket hauls in the same innings?

England seamers Ollie Robinson and Josh Tongue came up with a solution after they snared five apiece on the opening day of the first Test against Pakistan.

“Robbo said we can split the ball in half,” Tongue told Test Match Special. “The groundstaff have kindly done that.

“It’s the first time I’ve seen that happen. I’m sure I’ll be putting that up somewhere.”

Robinson showed off his half in a media conference and explained: “We were walking off the field.

“Josh said it and I said: ‘We actually should do that, it would be quite cool.’

“You don’t really have too many halves of a cricket ball, so it would be something that we never forget.”

The efforts of the pace-bowling duo helped Joe Root get off to an ideal start on the first day of his second stint as England Test captain.

Tongue claimed 5-46 and Robinson 5-51 to skittle Pakistan for 171 after England won the toss. The home side moved to 112-2 by the close in Leeds.

Tongue and Robinson are the first pair of England bowlers to register five-wicket hauls in the same Test innings since Steve Harmison and Monty Panesar against Pakistan at Old Trafford in 2006.

They led England off the field at Headingley hand in hand, hatching their plan to make one ball into two halves.

“Wayne Bentley, the team manager, took it down to the groundstaff,” said Robinson.

“I said: ‘Do you reckon they will be able to do it?’ Within five minutes he brought it back up and it was done. It’s really nice.”

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“I get along with him very well.” | Kim Jong Un

US President Donald Trump praised his relationship with North Korea’s leader Kim Jong Un before saying he plans to meet with him later this year. Trump’s comments come after he ordered Pentagon officials to cut short joint military drills with South Korea.

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What the social media addiction lawsuit could cost Meta | Social Media News

Social media giant Meta is facing a landmark trial that could impact its future.

Opening statements began on Tuesday in a US federal court case brought by 29 state attorneys general, who have accused Facebook and Instagram’s parent company of designing platforms to encourage infinite scrolling and keep their youngest users hooked, despite allegedly knowing they could fuel addictive behaviour. The company is also accused of collecting data on minors.

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The case is expected to last as long as six weeks. If the attorneys general get their way, the Silicon Valley-based tech company might have to make structural changes to its platform and pay as much as $1.4 trillion in fines.

While Meta denies the allegations, the potential consequences of this case could be significant for the company, which is already facing low employee morale, waves of layoffs and a series of lagging investments.

Significant financial impact

The potential exposure to Meta is significant. State penalties could reach as high as $1.4 trillion, Meta has said, although that is unlikely, as the coalition of states said it is seeking $200bn in damages.

To put that in context, the amount is roughly the equivalent of Meta’s revenue last year. In 2025, the tech giant generated nearly $201bn in revenue, and it had $83.2bn in operating income.

The $200bn ask is significantly higher than any penalty the company has had to face so far. In March, a jury in a separate New Mexico lawsuit ordered Meta to pay $375m in civil penalties, and another $567m was ordered by a judge earlier this month.

At the time of the March penalty, financial services firm Morningstar said it was not overly concerned about the impact of the looming court cases on Meta’s valuation, even if governments around the world use these cases as a reason to push for structural changes to the business.

“We think that any algorithmic changes imposed on the firm via legislation are also a manageable risk, given the firm’s monetizable user base, which is overwhelmingly adult, thereby insulating the firm against such legislation,” a Morningstar analyst note said.

While no one can predict which way the coalition case will go, Meta’s problems extend to concerns about significant financial exposure in some of its investments and business units.

For instance, Reality Labs, the division responsible for Meta’s virtual and augmented reality tools and software like the metaverse, has lost $70bn since 2020.

Meta has also ramped up spending to build out AI infrastructure as growing concerns about an AI bubble loom over the sector.

Cash flow for the business fell significantly, from $12bn in the first quarter to $784m in the second quarter, although it did not go into negative territory as some analysts had expected.

“I think it’s [Meta] in an unenviable spot, because it’s facing pressure from multiple fronts,” Aleksandar Tomic, associate dean for strategy, innovation, and technology at Boston College, told Al Jazeera.

“These verdicts are going to put pressure on their advertising business. The AI development seems to have stalled, and the virtual reality thing seems to be dead on arrival, at least for now. So the only bright spot is that they might be able to get into the AI infrastructure game, but that is no guarantee.”

Meta itself is worried about the financial strain. “There can be no assurances that a favorable final outcome will be obtained in all our cases, and defending any lawsuit is costly and can impose a significant burden on management and employees,” the company said in a January Securities and Exchange Commission (SEC) filing.

Can the lawsuit impact its core product?

While financial penalties might be a strain, a legal requirement to fundamentally alter the machinery that makes Instagram and Facebook so valuable to advertisers would be much harder for Meta to absorb.

The lawsuit calls for changes to its business model, including eliminating the infinite scroll that allows users to continually look at new posts. Meta’s advertising business is dependent on impressions, or the number of times a content appears on a user’s screen. The longer someone is on the app, the more impressions they can see.

“Our financial performance has been and will continue to be significantly determined by our success in adding, retaining, and engaging active users of our products that deliver ad impressions, particularly for Facebook and Instagram,” the company said in an SEC filing.

“User growth and engagement are also impacted by a number of other factors, including competitive products and services, such as TikTok, that have reduced some users’ engagement with our products and services,” the filing added.

In 2025, Meta reported 12 percent more advertisement impressions than in 2024, while the average price per advertisement jumped by 9 percent.

The plaintiff states want the company to make other changes, including getting rid of algorithms and AI models made from data compiled from minors. The states are also asking the court to compel the company to promote the wellbeing of its users and set time restrictions for its youngest consumers.

Meta has introduced features that have reminded teens of their time use on their platforms. In January 2023, it gave teens ways to manage the kinds of advertisements they could see on Instagram and Facebook. In June 2023, it introduced a feature to notify teen users that they have spent more than 20 minutes on the platform and to set daily time limits.

“We stand by our record of creating strong protections for teens, and look forward to making our case in court,” Stephanie Otway, a Meta spokesperson, told Al Jazeera.

But the lawsuit says that is not enough, alleging that teens could easily dismiss the notification and continue scrolling.

How will this impact future lawsuits?

Meta is currently facing lawsuits from more than 100,000 different parties, according to its SEC filings, including individuals, cities, states, and school districts around the US.

“These first few cases going out are really going to set the standard,” Tre Lovell, a Los Angeles-based media law and entertainment lawyer, told Al Jazeera.

Lovell predicted that, ultimately, there will be a combined settlement.

“We’re going to get close to some type of global settlement, a global resolution. I think, ultimately, that’s where this is going to end.”

Snap, TikTok, and Google’s YouTube have also faced litigation amid allegations that their products are built to encourage compulsive use by young people, Tomic told Al Jazeera. The claims could open the floodgates to the type of litigation that challenged the tobacco industry in the late 1990s, he said.

“This is the tobacco litigation of the information age. They [the plaintiffs in the Meta lawsuit] have identified this addiction component of social networks. Now that there is a judgement against Meta, I would be shocked if we don’t see everybody else getting sued, and once they get sued, it will be pretty much the same,” Tomic said.

In 1998, 46 states settled lawsuits with major cigarette makers over health costs and forced the companies to impose restrictions on advertising, especially targeting younger audiences.

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