industry

On This Day, April 8: Truman orders seizure of steel industry

1 of 3 | On April 8, 1952, U.S. President Harry Truman ordered government seizure of the steel industry to avoid a general strike. File Photo courtesy of the U.S. Navy

April 8 (UPI) — On this date in history:

In 1913, the 17th Amendment to the U.S. Constitution was adopted, requiring that U.S. senators be “elected by the people.”

In 1918, actors Douglas Fairbanks and Charlie Chaplin pitch Third Liberty Loan bonds in front of the Sub-Treasury (now Federal Hall National Memorial) in New York City.

In 1935, the U.S. Congress approved the Works Progress Administration, a central part of President Franklin D. Roosevelt’s New Deal.

In 1952, U.S. President Harry Truman ordered government seizure of the steel industry to avoid a general strike.

In 1960, the United States Senate passed the landmark Civil Rights Act of 1960. President Dwight D. Eisenhower would sign it into law on May 6, 1960.

In 1974, Hank Aaron hit his 715th home run, breaking Babe Ruth’s longstanding career record. Aaron played two more seasons, ending with 755 home runs, a total eventually surpassed by Barry Bonds, who had 762.

File Photo by Brian Kersey/UPI

In 1990, Ryan White, who put the face of a child on AIDS, died of complications from the disease at age 18.

In 1992, former tennis great Arthur Ashe confirmed he had AIDS. He said he contracted the disease from a blood transfusion.

In 2005, about 250,000 mourners attended a 3-hour funeral mass for Pope John Paul II in Rome’s St. Peter’s Square while about 1 million others gathered nearby. Among those in attendance were U.S. President George W. Bush and about 100 other world leaders.

File Photo by Tom Theobald/UPI

In 2008, American Airlines grounded all 300 of its MD-80 jetliners after an FAA review found faulty wiring in nine of them. Over the next five days, American canceled about 3,300 flights, disrupting travel of more than 100,000 passengers.

In 2013, Abu Bakr al-Baghdadi announced the merger of the Islamic State of Iraq and the Al-Nusra Front under the name Islamic State of Iraq and ash-Sham, or ISIS.

In 2021, archaeologists announced what they called the most important ancient Egyptian discovery since that of King Tutankhamun’s tomb in 1922 — that of the so-called “Lost Golden City” of Aten.

In 2022, SpaceX made history by launching the first private crew of astronauts to the International Space Station to conduct dozens of science experiments. The Ax-1 mission docked with the ISS the next day.

In 2024, a rare total solar eclipse, the first in seven years and the last in two decades over the continental United States, completed its trek across the sky, viewable throughout North America.

File Photo by Bonnie Cash/UPI

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Eamonn Holmes details bar job he almost kept after TV break amid industry fears

The GB News presenter continued working in a pub even after landing his first TV role at 21

GB News host Eamonn Holmes has enjoyed a career in broadcasting for decades but the Irish TV host admits that he almost never gave up his first-ever job.

The TV veteran had such a fondness for his evening job that he continued it well into the early stages of his blossoming career, until his boss eventually urged him to concentrate solely on his television aspirations.

His first television appearance came in 1979 as a reporter and presenter for Ulster Television (UTV) in Northern Ireland, and his career has gone from strength to strength ever since.

Yet Eamonn was so anxious that his TV career might suddenly dry up that he was determined to keep pulling pints while he still could, and he was in absolutely no rush to abandon his bar job before he finally did relinquish the evening role to dedicate himself fully to his television career.

Speaking to the Express. at the Young Chef, Young Waiter, Young Mixologist awards where he was a judge, Eamonn looked back on his career and said: “Nobody in the UK had been given tea time programmes at 21, so when I did, it went in my favour.

“But I was working in a pub, and the head barman said to me, ‘what is this? You serve them up the news until seven o’clock and then you’re in here at 7.30pm’.”

He revealed that his response to his manager at the time was: “But does this TV business ever last?”

The barman boldly assured Eamonn it would, invited him for a drink, and encouraged him to chase his dreams, with Eamonn saying: “That was my last night in the bar.”

Eamonn credits his bar work with helping him break into television, claiming it drew out his personality and showed him how to connect with people.

He said: “It taught me to be more relaxed with a TV audience and how to talk to people in television, so that was amazing. It was a bitb strange, I didn’t know anybody who was in television or presenting, but that’s what happened.”

His breakthrough in Ireland was merely the beginning of his broadcasting journey, transitioning to the BBC in 1986 and subsequently GMTV in 1993, where he remained until 2005, taking on a host of other television roles along the way, including stints at Sky News, BBC show Jet Set, and periodic appearances on GMB.

Eamonn’s latest venture has seen him comfortably settled at GB News, where he fronts the breakfast show.

GB News’s Breakfast Show is on weekdays at 6am

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Labor group urges worker-focused shift in industry policy

1 of 2 | Yang Kyung-soo, leader of the Korean Confederation of Trade Unions, speaks during a rally in front of the presidential office Cheong Wa Dae to express their objection to the US-Israel war with Iran and South Korea’s dispatch of troops to the conflict, in Seoul, South Korea, 25 March 2026. File. Photo by YONHAP / EPA

April 3 (Asia Today) — South Korea’s largest labor group on Thursday called on the government to adopt a more worker-centered approach in shaping industrial and trade policies, emphasizing job security amid economic and technological changes.

The Korean Confederation of Trade Unions made the request during a meeting with Industry Minister Kim Jeong-kwan at its headquarters in central Seoul.

The group said employment stability must be a key consideration in industrial policymaking and trade negotiations, particularly as industries undergo restructuring driven by artificial intelligence and face overlapping challenges from climate change, global trade tensions and economic uncertainty.

The meeting was organized to raise the need for labor-focused policy and to establish a framework for ongoing communication and cooperation with the government.

Union officials, including Chairman Yang Kyung-soo, Vice Chairman Jeon Ho-il and other senior staff, attended the session, along with ministry officials responsible for industrial and manufacturing policy.

Yang said industrial and trade policies are directly tied to workers’ livelihoods and warned that policies focused primarily on corporate competitiveness could shift economic burdens onto labor.

“Government agencies must rethink their view of labor,” he said. “Labor is not a cost but the foundation that sustains industry.”

He added that industrial transitions should not come at the expense of workers and called for what he described as a “just transition” that protects jobs and working conditions.

The union said it would continue engaging with the government to push for broader changes aimed at placing workers at the center of economic policy decisions.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260403010001087

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U.S. exempts oil, gas drilling in gulf from endangered species rules

The Trump administration on Tuesday exempted oil and gas drilling in the Gulf of Mexico from the Endangered Species Act after Defense Secretary Pete Hegseth said environmentalists’ lawsuits against the industry threatened to hobble domestic energy supplies as the U.S. wages war against Iran.

Critics said the move by the government’s Endangered Species Committee could doom a rare whale species and harm other marine life. Nicknamed the “God Squad” by groups that say it can decide a species’ fate, the committee comprises several Trump administration officials and is chaired by Interior Secretary Doug Burgum.

It met Tuesday for the first time in more than three decades amid global oil shocks and soaring energy prices brought on by the Iran war. The U.S. pumps more oil than any other nation, but that hasn’t insulated it from spiking prices: The national average for a gallon of gasoline topped $4 on Tuesday for the first time since 2022.

“Disruptions to Gulf oil production doesn’t hurt just us, it benefits our adversaries,” Hegseth told the committee. “We cannot allow our own rules to weaken our standing and strengthen those who wish to harm us. When development in the Gulf is chilled, we are prevented from producing the energy we need as a country and as a department.”

Environmental groups sought unsuccessfully to block Tuesday’s meeting and pledged to challenge the exemption. They say the exemption would speed the extinction of the rare Rice’s whale, which is found exclusively in the Gulf of Mexico. Government biologists say only about 50 of the animals remain.

“If Trump is successful here, he could be the first person in history to knowingly extirpate a species from the face of the Earth. That’s how precarious the condition of the Rice’s whale is,” said Patrick Parenteau, emeritus professor of law at Vermont Law School.

President Trump has made increased fossil fuel production a central focus of his second term. He wants to open new areas of the gulf off the Florida coast to drilling and has proposed sweeping rollbacks of environmental regulations disliked by industry.

Hegseth had notified Burgum on March 13 that an Endangered Species Act exemption for oil and gas drilling in the gulf was “necessary for reasons of national security.”

Hegseth told committee members Tuesday that Iran’s efforts to block shipping through the world’s busiest oil route, the Strait of Hormuz, underscored the national security imperative of having robust domestic oil production. He said the energy industry is under threat from pending litigation from environmental groups challenging government approvals for drilling.

Industry observers said the Endangered Species Act exemption could have significant implications for energy companies by streamlining approvals of new projects and impeding opponents’ ability to derail drilling plans.

“Serial litigation from activist groups targeting a lawful, well-regulated industry should not be allowed to indefinitely obstruct projects of clear national importance,” said Erik Milito with the National Ocean Industries Assn., which represents offshore developers.

The Gulf of Mexico is one of the nation’s top oil regions, producing 2 million barrels a day. It accounts for almost 15% of crude pumped annually in the U.S., plus a small share of domestic natural gas production.

But the gulf also has been the scene of environmental disasters such as BP’s Deepwater Horizon blowout in 2010, which killed 11 workers and spilled 134 million gallons of oil. A spill in the gulf earlier this month spread 373 miles, contaminating at least six species and polluting seven protected natural reserves.

The Trump administration in mid-March approved BP’s new $5-billion ultra-deepwater drilling project in the Gulf of Mexico.

A 2025 National Marine Fisheries Service analysis determined the gulf oil and gas program was likely to harm several species of whales, sea turtles and gulf sturgeon that face potential harm from ship strikes, oil spills and other impacts.

The Endangered Species Committee was established in 1978 as a way to exempt projects from the Endangered Species Act, which makes it illegal to harm or kill species on a protected list, if no alternative would provide the same economic benefits in a region or if it was in the nation’s best interest.

Before this week, the panel had convened just three times in its 53-year history and issued only two exemptions. The first was in 1979 to allow construction on a dam on the Platte River in Wyoming, home to the whooping crane. It last met in 1992, allowing logging in northern spotted owl habitats in Oregon. That exemption request was later withdrawn.

Its latest meeting follows a federal judge’s ruling on Monday that struck down attempts during Trump’s first term to weaken rules regarding endangered species.

The panel’s members include the secretaries of Agriculture, Interior and the Army, the chairperson of the Council of Economic Advisors, and the administrators of both the Environmental Protection Agency and the National Oceanic and Atmospheric Administration. They all voted in favor of Hegseth’s request for an exemption.

Brown writes for the Associated Press.

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Ukraine Using Private Air Defense Teams To Protect Industry Against Russian Drones

At a time when Ukraine’s air defense expertise is being sought by Arab nations under fire from Iranian missiles and drones, Kyiv announced its new experimental concept for battling Russian drones is having some positive results. The system relies on the private sector to provide its own air defenses by using Ukrainian interceptor drones and other short-range air defense weapons, under the command and control of the military.

Whether this would be applicable beyond Ukraine is debatable, but officials in Kyiv see private sector air defense as an important move to help spread its burden of defending the skies against ceaseless Russian barrages. Russia has been taking particular aim at Ukraine’s remaining industrial capacity, especially defense-related firms that make drones, missiles and other weapons systems. The constant attacks are a large reason why the country has tried to decentralize production, but not everything can be built in a distributed fashion.

The goal of the program is to take advantage of Ukraine’s large production of counter-Shahed interceptor drones as well as its indigenous automated anti-drone machine gun turrets. By having volunteers operate these systems, it reduces the need to pull troops from the frontlines, officials say. 

The Sky Sentinel air defense turret is one of the weapons being used by Ukraine’s private sector air defense units. (United24)

“The experimental project launched by the Government to involve the private sector in the air defense system is already being implemented and yielding initial results,” Ukrainian Defense Minister Mykhailo Fedorov stated on Telegram Monday morning. “One of the companies participating in the project has already prepared its own air defense group. As of today, several enemy drones have been shot down in the Kharkiv region, including Shahed and Zala models.”

Fedorov did not identify the company, but said another 13 are in various states of gearing up to take part.

“As of now, all groups are at different stages of preparation,” Fedorov wrote. “Some are already performing combat tasks, others are undergoing training, and the rest are completing their preparations and will soon strengthen the country’s air defense.”

Private air defense systems “are integrated into a single management system of the Armed Forces Air Force and are already operating within it – protecting objects and participating in the interception of Shaheds,” Fedorov explained. “This is a systemic solution that allows for quickly scaling air defense capabilities without additional burden on frontline units.”

Fedorov did not say which weapons are being used by the private companies, but a video he posted on X of claimed successful engagements shows the use of the Sky Sentinel automated air-defense turrets, equipped with a heavy machine gun and capable of 360° rotation. An official contacted by The War Zone said the Wild Hornet Sting interceptors are being used as well.

Private air defense working. First Shahed & Zala drones downed in Kharkiv by a private firm. 13 more companies joining. Integrated with Air Force command to scale protection without burdening the front. Opening the market to build a resilient, multi-layered sky. pic.twitter.com/GhXuX6a9dS

— Mykhailo Fedorov (@FedorovMykhailo) March 30, 2026

The creation of the private sector air defense program was announced earlier this month by Ukrainian Prime Minister Yulia Svyrydenko. In a media release, she explained that critical infrastructure enterprises, regardless of whether publicly or privately owned, can create air defense groups.

These groups must undergo training and certification by the MoD and will use weapons and ammunition temporarily transferred from the ministry.

“This concerns weapons that are not currently used by combat units,” Svyrydenko noted. “In the event of the use of ammunition, replenishment will be carried out according to a simplified procedure based on an act of actual expenses.”

As part of the expansion of site-specific protection for critical infrastructure facilities, the government has authorized the provision of additional weapons to strengthen their air defense capabilities.

We are introducing amendments to the experimental project launched in… pic.twitter.com/hlL0MWpcvn

— Yulia Svyrydenko (@Svyrydenko_Y) March 3, 2026

Ukraine has been developing these weapons and programs because Russia’s launching of thousands of Shaheds and other drones and missiles has depleted its stocks of high-end interceptors like those fired by Patriot and other systems. This has not been lost on leaders of nations now under fire by Iranian drones and missiles.

Fedorov’s announcement about the private sector air defense program comes as Ukrainian President Volodymyr Zelensky wrapped up a tour of the Middle East. While there, the Ukrainian leader said he inked defense cooperation agreements with Saudi Arabia, UAE and Qatar, and had discussions with Jordan.

Zelensky did not announce specific commercial drone sales, “but said talks touched on financial support from Gulf nations that could help Ukraine bridge a delay in European funding after Hungary blocked a 90 billion euro loan package,” The New York Times noted. In addition, Zelensky told reporters that he had also discussed future Ukrainian purchases of energy from the Middle East as Ukraine’s own natural gas industry had been battered by Russian strikes.

“The agreement includes collaboration in technological fields, development of joint investments and the exchange of expertise in countering missiles and unmanned aerial systems,” Qatar’s defense ministry said in a statement during Zelensky’s visit.

Today in Jordan. Security is the top priority, and it is important that all partners make the necessary efforts toward it. Ukraine is doing its part. Important meetings ahead. pic.twitter.com/561KtqoglT

— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) March 29, 2026

When it comes to interceptor drones like Sting, Ukraine has enough to spare should its government sign off on providing them.

Ukraine could export about $2 billion worth of weapons as a whole this year, excluding ​joint production ventures with allies, suggested Ihor Fedirko, CEO of the Ukrainian Council of Defence Industry, a manufacturers’ association.

Ukraine produced 40,000 interceptor drones in January, according to the government, which has made it clear the country will not export any weapons it needs ‌to defend itself, as we noted in a story on Ukrainian laws preventing direct exports of interceptors and other weapons.

“Zelensky says that provided enough financing, Ukraine has the capacity to up its production to 2,000 interceptor drones a day and would only need 1,000 for itself, leaving plenty for export,” Reuters noted.

Відео 100 збиттів шахедів перехоплювачем #STING #wildhornets #дикішершні #fpv




It is unknown whether the concept of private sector air defenses came up in Zelensky’s talks in the Middle East. However, countries in that region are facing threats similar to Ukraine, with energy infrastructure, data centers and other non-military facilities that likely have limited, if any air defenses, protecting them.

“The Ukrainian model does not surprise me,” retired Army Col. David Shank, who served as Commandant of the Air Defense Artillery School at Fort Sill, Oklahoma, told us. “Other countries have private security forces, some which possess hand-held [counter-drone] capabilities. The U.S. State Department has private security that also possesses capability (up to Stinger I am told).”

The challenge, said Shank, “is system management and command and control of all sensors and shooters.

It is possible the Gulf states could execute a system where companies provide their own air defenses, however, “it would still require strict adherence to authorities.”

Still, Shank sees several downsides, including fratricide, wasted ammunition and a lack of unity of effort from decentralized execution.

Retired Army Gen. Joseph Votel, who commanded U.S. Central Command, raised another concern.

“While it would be up to Arab nations to decide for themselves if this is a good idea, I do think it will complicate integration with partners, including the U.S,” he told us.

Regardless, the Ukrainian program is in its infancy. There is still a long way to go before it establishes its value as a valid means of protecting factories, electric generation plants and refineries against Russian drones. It could turn out to be more destructive than helpful.

However, given Ukraine’s history of battlefield innovation, there will likely be many parties looking to see how it all works out.

Contact the author: howard@thewarzone.com

Howard is a Senior Staff Writer for The War Zone, and a former Senior Managing Editor for Military Times. Prior to this, he covered military affairs for the Tampa Bay Times as a Senior Writer. Howard’s work has appeared in various publications including Yahoo News, RealClearDefense, and Air Force Times.




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Writers Guild brace for tough negotiations with major studios

It has been nearly three years since Hollywood writers went on a historic strike that lasted 148 days and ushered in an extraordinary period of labor unrest that virtually shut down the film and TV business.

Now, writers are poised to commence another round of bargaining with the major studios on a new three-year film and TV contract. Few observers think the union is girding for another showdown, especially at a time when many of its members are struggling to find work amid media consolidation and belt-tightening.

But in advance of negotiations that begin on Monday , union leaders are eager to dispel any perception that they might have scaled back their demands.

“Our members have shown many times that they’re willing to fight for what we need as a collective group,” WGA West President Michele Mulroney said in an interview. “And there’s no exception here.”

With its current contract expiring on May 1, the WGA hopes to improve its members’ healthcare plans, increase streaming residuals and expand AI protections.

Michele Mulroney speaks

Michele Mulroney speaks as the Screen Actors Guild (SAG-AFTRA) and Writers Guild of America (WGA) join GLAAD in releasing the 11TH Annual GLAAD Studio Responsibility Index at The Village at Ed Gould Plaza Los Angeles LGBT Center in Los Angeles, California, on September 14, 2023.

(Michael Tran/AFP via Getty Images)

Ellen Stutzman, the union’s executive director, said despite popular belief, the studios have weathered the transition from cable television to streaming “very well,” citing their efforts to maximize revenue with streaming bundling, rising subscription fees and advertising revenue.

“Writers are watching as Netflix and Paramount are fighting it out to acquire Warner Bros… Paramount is spending $81 billion,” said Stutzman. “There’s money for a fair deal for writers.”

The union leaders agree that this year’s negotiations are all focused on the sustainability of a writer’s career.

A spokesperson from the Alliance of Motion Picture and Television Producers, which represents the major studios in negotiations, said in a statement that they look forward “to engaging in a constructive and collaborative bargaining process with the WGA. Through continued good-faith dialogue, we are confident we can reach balanced solutions that support talented writers while sustaining the long-term success and stability of our industry and its workforce.”

A top priority for the WGA is to increase the caps that companies contribute to the union’s healthcare plan. Union officials say the current cap has remain unchanged for two decades as healthcare contributions have steadily declined due to fewer writers working.

AI is also top of mind for the WGA.

In 2023, the guild secured various AI protections by establishing that AI isn’t a writer and nothing it produces is considered literary material.

But as major studios start to make deals with AI companies, like Disney’s $1 billion investment into OpenAI’s Sora platform, many writers are concerned about how their work could be used.

“AI is using [studios’] IP, which is stuff that we wrote to license these models,” said John August, the co-host of the “Scriptnotes” podcast and WGA’s negotiating committee co-chair. “With the Sora deal, it seems clear that the companies intend to monetize this IP for use with AI.”

August says the union will be skeptical toward arguments that it’s still too early to seek more safeguards around such a nascent industry, citing the union’s past history with the rise of DVDs and the internet and how profoundly those technologies changed the compensation for writers.

“If you’re taking the work that we created to generate AI outputs, we are owed money. They’re using our work to do something down the road,” added August.

WGA’s negotiating committee also is looking to boost streaming residuals, expand the minimum number of people allowed in a writers’ room and add protections for scribes working on pilots.

“We very much hope that lessons were learned in 2023 and that the AMPTP will come to the table ready to take our proposal seriously and to make a fair deal, and to do that quickly,” Mulroney said. “It provides stability for the companies and for our membership. It’s better for everybody.”

WGA is entering contract negotiations nearly a month after the actors’ union, SAG-AFTRA, began its bargaining sessions. Last week,
the AMPTP said it was extending negotiations another seven days.

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California attorney general vows to scrutinize Paramount/Warner deal

California Atty. Gen. Rob Bonta called out the federal government for largely vacating its role as antitrust regulator, saying it’s now up to California and other states to look out for consumers’ interests.

Bonta, the state’s top law enforcement officer, spoke Thursday at a Capitol Forum conference in Beverly Hills on antitrust issues and the future of Hollywood. His appearance came just days after the U.S. Department of Justice settled its case against Live Nation and Ticketmaster a week into a high-stakes trial, leaving state attorneys general to try to continue to fight that battle on their own.

The Justice Department’s about-face revealed a major fracture in antitrust enforcement. State attorneys general — particularly in Democratic-controlled states — say their role is becoming increasingly important to challenge alleged anti-competitive behavior.

President Trump has “abdicated the federal administration’s responsibilities to hold big corporations accountable to the law and protect a competitive marketplace,” Bonta said.

Bonta’s appearance comes as another major Hollywood merger appears to be sailing through its federal review with Trump’s tacit approval: Paramount Skydance’s proposed $110-billion deal for Warner Bros. Discovery.

The merger, announced late last month, has rattled Hollywood unions and some antitrust experts. It would combine legendary film studios, robust television production units and two prominent news organizations, CBS News and CNN, as well as dozens of cable channels.

“Paramount and Warner Bros. haven’t cleared regulatory scrutiny,” Bonta said. “My office has an open investigation into [the deal] and we intend to be vigorous in our review.”

California could bring its own lawsuit to block Paramount’s takeover, or join with other state attorney generals to launch legal proceedings to try thwart the deal or extract concessions — even if the Justice Department ultimately clears David Ellison’s deal.

Bonta outlined various concerns, including a continued contraction of Hollywood’s labor market, the consolidation of streaming services — Paramount+, HBO Max, Pluto and Discovery+ — and potentially higher prices and lower wages.

“There’s no industry as iconically California as the entertainment industry,” Bonta said. “It’s baked into California’s DNA.”

California Attorney General Rob Bonta. (Paul Kuroda / For The Times)

California Attorney General Rob Bonta vowed to drill into Paramount Skydance’s proposed takeover of Warner Bros. Discovery.

(Paul Kuroda/For The Times)

Paramount filed for Justice Department approval in December .

The maneuver started the regulatory review clock. And last month a key deadline for the Justice Department to raise concerns about Paramount’s proposed acquisition of Warner passed without comment from Washington.

Paramount has said it could finalize its deal by the end of September.

The architect of Paramount’s strategy, Chief Legal Officer Makan Delrahim, delivered his own keynote address, stressing the Ellison-family’s acquisition of Warner Bros. would not reduce competition and instead would be “a huge win for the creative community.”

“Paramount’s transaction with Warners is an opportunity to expand output, to grow the number of movies, shows and other content we are offering to the consumer,” Delrahim said, adding that will result in “more job opportunities,” including in Southern California, which is reeling from a production flight to other states and countries.

Delrahim conceded that Paramount was driven to buy Warner Bros. — it prevailed after Netflix bowed out — because Paramount is not big enough to compete in an industry dominated by technology giants.

He criticized the proposed Netflix deal, saying he doubted it would have passed regulatory muster due to Netflix’s strength in the streaming market.

Paramount still needs to win the support of Warner shareholders, and also gain regulatory approvals from the Justice Department, state attorney generals and overseas governments.

“This deal is a big win for Los Angeles, for California and for all communities that embrace filmmaking,” Delrahim said.

Tech mogul Larry Ellison has personally guaranteed the $45.7-billion in equity needed for the transaction . The company would have to take on more than $60-billion in debt — raising concerns among Hollywood workers about large-scale cost-cuts and layoffs.

“What is Paramount doing is …paying $110 billion to take out a rival,” said attorney Ethan E. Litwin, a former lawyer for TV networks, who also spoke at the conference. “When you take out a major rival in a highly concentrated industry … you are taking out competitors for projects. “

Bonta declined to say whether he would try to stop the Paramount-Warner merger.

Progressive State Leaders Committee, an affiliate of the Democratic Attorneys General Association, in December hired Rohit Chopra, a former director of the Consumer Financial Protection Bureau and former commissioner on the Federal Trade Commission, as a senior advisor. He will help coordinate efforts as the group, including Bonta, wages antirust enforcement battles.

“The federal government is just not enforcing the law,” Chopra said during Thursday’s conference. “Our states are really the last line of defense.”

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Spotify doubles down on $11 billion music industry payout

Back in the early 2010s, the music industry was at a low point.

Piracy was rampant. Compact disc sales were on a steady decline. And the then-new audio streaming services, like Spotify, were taking hits from creators for paying low royalty rates.

Today, Spotify has grown into the world’s most popular audio streaming subscription service and the highest-paying retailer globally — paying the music industry over $11 billion last year. The Swedish company said in a recent post that the payouts aren’t strictly going to ultra-popular artists, but that “roughly half of royalties were generated by independent artists and labels.”

“A decade ago, a lot of the questions were really fair. Spotify had to be able to prove out if it could scale as an economic engine. People didn’t know if streaming would scale as a model,” said Sam Duboff, Spotify’s global head of marketing and policy of music business.

Duboff said Spotify’s payouts aren’t “plateauing — we’re still growing that royalty pool on Spotify more than 10% per year.” He credits the streaming platform’s growth to “incentivizing people to be willing to pay for music again” by providing personalized experiences and global accessibility.

The company, founded in 2006, serves more than 751 million users, including 290 million subscribers, in 184 markets.

“The average Spotify premium subscriber listens to 200 artists every month, and nearly half of those artists are discovered for the first time,” Duboff said. “When you build an experience where people can explore and fall in love with music, it inspires them to upgrade to premium and keep paying.”

The platform offers a wide variety of playlists, curated by editors like the up-and-comer-driven Fresh Finds or rap’s latest, RapCaviar. There are also personal playlists generated for users, such as the weekly round-up Discover Weekly and the daily mix of tunes called the “daylist.”

The streamer considers itself the first step toward “an enduring career” for today’s indie artists. Last year, more than a third of artists making $10,000 on the platform in royalties started by self-releasing their music through independent distributors.

“Streaming, fundamentally, is about opportunity and access. It’s artists from all over the world releasing music the way they want to and reaching a global audience from Day One,” Duboff said. He adds that when fans have a choice, they will discover new genres and music cultures that may have otherwise languished in obscurity.

In 2025, nearly 14,000 artists earned $100,000 from Spotify alone. The streamer’s data also show that last year the 100,000th highest-earning artist made $7,300 in Spotify royalties, whereas in 2015, an artist in that same spot earned around $350.

The company, with a large presence in L.A.’s Arts District, emphasizes that the roster of artists on its platform who earn significantly more money — well into the millions — is no longer limited to the few. A decade ago, Spotify’s top artist made around $10 million in royalties. Today, the platform’s top 80 artists generate over $10 million annually. Some of 2025’s top artists globally were Bad Bunny, Taylor Swift and the Weeknd.

Spotify claims those who aren’t household names can earn six figures, with more than 1,500 artists earning $1 million last year.

For some musicians, the outlook is not as clear

Damon Krukowski, a musician and the legislative director for United Musicians & Allied Workers, argues that Spotify’s money isn’t necessarily going to artists — it’s going to their labels.

Those without labels usually upload music through distributors such as DistroKid and CD Baby. These platforms charge a small fee or commission. For example, DistroKid’s lowest-level subscription is $24.99 a year, and the site states users “keep 100% of all your earnings.”

”There are zero payments going directly to recording artists from Spotify,” Krukowski asserts. “Recording artists deserve direct payment from the streaming platforms for use of our work.”

The advocacy group, which has mobilized more than 70,000 musicians and music workers, recently helped draft the Living Wage for Musicians Act to address the streaming industry. The bill, introduced to the U.S. House of Representatives last fall, calls for a new streaming royalty that would directly pay artists a minimum of one penny per stream.

In the Q&A section of Spotify’s Loud and Clear website, the streamer confirms that it “doesn’t pay artists or songwriters directly. We pay rights holders selected by the artist or songwriter, whether that’s a record label, publisher, independent distributor, performance rights organization, or collecting society.”

Instead of following a penny-per-stream model, Spotify pays based on the artist’s share of total streams, called a “streamshare.”

“Streaming doesn’t work like buying songs. Fans pay for unlimited access, not per track they listen to,” wrote the company online. “So a ‘per stream’ rate isn’t actually how anyone gets paid — not on Spotify, or on any major streaming service.”

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