post

Kennedy Center to close for 2 years for renovations, Trump says

President Trump said Sunday that he will move to close Washington’s Kennedy Center for the Performing Arts for two years starting in July for construction, his latest proposal to upend the storied venue since returning to the White House.

Trump’s announcement on social media follows a wave of cancellations by leading performers, musicians and groups since the president ousted the previous leadership and added his name to the building. Trump made no mention in his post of the recent cancellations.

His proposal, announced days after the premiere of “Melania,” a documentary about the first lady, was shown at the center, is subject to approval by the board of the Kennedy Center, which has been stocked with his handpicked allies. Trump chairs the center’s board of trustees.

“This important decision, based on input from many Highly Respected Experts, will take a tired, broken, and dilapidated Center, one that has been in bad condition, both financially and structurally for many years, and turn it into a World Class Bastion of Arts, Music, and Entertainment,” Trump wrote in his post.

Neither Trump nor Kennedy Center President Ric Grenell, a Trump ally, have provided evidence to back up their claims about the building being in disrepair, and in October, Trump had pledged the center would remain open during renovations. In Sunday’s announcement, he said the center will close July 4, when he said the construction would begin.

“Our goal has always been to not only save and permanently preserve the Center, but to make it the finest Arts Institution in the world,” Grenell said in a post, citing funds Congress approved for repairs.

“This will be a brief closure,” Grenell said. “It desperately needs this renovation and temporarily closing the Center just makes sense — it will enable us to better invest our resources, think bigger and make the historic renovations more comprehensive. It also means we will be finished faster.”

The sudden decision to close and reconstruct the Kennedy Center is certain to spark blowback as Trump revamps the popular venue. The building began as a national cultural center and Congress renamed it as a “living memorial” to President Kennedy — a champion of the arts during his administration — in 1964, in the aftermath of his assassination.

Opened in 1971, it serves as a public showcase year-round for the arts, including the National Symphony Orchestra.

Since Trump returned to the White House, the Kennedy Center is one of many Washington landmarks that he has sought to overhaul in his second term. He demolished the East Wing of the White House and launched a massive $400-million ballroom project, is actively pursuing building a triumphal arch on the other side the Arlington Bridge from the Lincoln Memorial, and has plans for Washington Dulles International Airport.

Leading performing arts groups have pulled out of appearances at the Kennedy Center, most recently composer Philip Glass, who announced his decision to withdraw his Symphony No. 15 “Lincoln” because he said the values of the center today are in “direct conflict” with the message of the piece.

Last month, the Washington National Opera announced that it will move performances away from the Kennedy Center in another high-profile departure after Trump’s takeover of the U.S. capital’s leading performing arts venue.

The head of artistic programming for the center abruptly left his post last week, less than two weeks after being named to the job.

A spokesperson for the Kennedy Center could not immediately be reached and did not respond to an emailed request for comment.

Late last year, as Trump announced his plan to rename the building — adding his name to the building’s main front ahead of that of Kennedy — he drew sharp opposition from members of Congress, and some Kennedy family members.

Kerry Kennedy, a niece of John F. Kennedy, said in a social post on X at the time that she will remove Trump’s name herself with a pickax when his term ends.

Another family member, Maria Shriver, said at the time that it is “beyond comprehension that this sitting president has sought to rename this great memorial dedicated to President Kennedy,” her uncle. “It is beyond wild that he would think adding his name in front of President Kennedy’s name is acceptable. It is not.”

Late Sunday evening, Shriver posted a new comment mimicking Trump’s own voice and style, and suggesting the closure of the venue was meant to deflect from the cancellations.

She said that “entertainers are canceling left and right” and the president has determined that “since the name change no one wants to perform there any longer.”

Trump has decided, she said, it’s best “to close this center down and rebuild a new center” that will bear his name. She asked, “Right?”

One lawmaker, Rep. Joyce Beatty, an Ohio Democrat and ex-officio trustee of the center’s board, sued in December, arguing that “only Congress has the authority to rename the Kennedy Center.”

Price and Mascaro write for the Associated Press. AP writer Darlene Superville contributed to this report.

Source link

John Leguizamo urges ICE-supporting fans to ‘unfollow me’

Actor John Leguizamo, a longtime vocal critic of President Trump and his administration, says he’s showing a section of his social media following the door amid the federal government’s relentless crackdown on immigration.

The “Romeo + Juliet” and “Moulin Rouge!” acting veteran, who is Latino, on Wednesday issued a brief and blunt Instagram video message to followers who also support the immigration agency. “If you follow ICE, unfollow me,” he said in his post.

“Don’t come to my shows, don’t watch my movies,” he added. Leguizamo, an Emmy winner, captioned his post: “Abolish ice!”

The actor-comedian, also known for the “Ice Age” films and cult classic “To Wong Foo, Thanks for Everything! Julie Newmar,” is among the Hollywood stars vehemently speaking out against U.S. Immigration and Customs Enforcement and other federal agents amid recent killings. An ICE agent fatally shot Renee Good earlier this month in Minneapolis, where Border Patrol agents on Jan. 24 shot and killed Alex Pretti. An off-duty federal immigration agent fatally shot Keith Porter Jr. in Northridge on Dec. 31. They are among the 20-plus people who have died in a wave of aggressive immigration operations launched by the Trump administration last year.

Fellow actors also using social media to speak out against ICE and other federal immigration agents are Pedro Pascal, Mark Ruffalo and Ayo Edebiri. Musicians including Olivia Rodrigo, Bruce Springsteen, Lady Gaga, Katy Perry, Billie Eilishand Tyler, the Creator have also condemned federal officers.

White House border policy advisor Tom Homan said Thursday during a press conference that street operations in Minneapolis would wind down if agents were allowed into local jails instead and asserted the federal government was not backing down on its aggressive immigration agenda.

“We are not surrendering our mission at all,” he said. “We are not surrendering the president’s mission of immigration enforcement: Let’s make that clear.”

Staff writers Malia Mendez and Jenny Jarvie contributed to this report.



Source link

Samsung, SK hynix post record performances for 2025

The semiconductor production facilities of Samsung Electronics in the south of Seoul. Photo courtesy of Samsung Electronics

SEOUL, Jan. 29 (UPI) — South Korea’s two semiconductor giants, Samsung Electronics and SK hynix, posted record performances last year, driven by the rising demand for memory chips amid the AI boom.

Samsung Electronics announced Thursday that its fourth-quarter operating profit more than doubled year-on-year to $14 billion on sales of $65.6 billion, up 23.8%. Both were all-time highs.

For the full year 2025, revenue rose 10.9% from a year earlier to $233.4 billion, while operating income climbed 33.2% to $30.5 billion.

The strong showing came a day after SK hynix released its strong earnings.

In the final quarter of 2025, SK hynix posted $23 billion in sales, up 66% from a year before, for an operating profit of $13.4 billion, a 137% surge.

For the full year, its turnover and operating income increased 47% and 101% to $68 billion and $33 billion, respectively.

The 2026 outlook for both companies remains bright amid continued expansion in the AI industry.

“Looking ahead to Q1 2026, the DS Division expects AI and server demand to continue increasing, leading to more opportunities for structural growth. In response, the division will continue to focus on profitability via a strong emphasis on high-performance products,” Samsung said in a statement.

“In 2026 as a whole, the DS Division aims to lead the AI era with product competitiveness amid a rapidly growing demand environment, particularly by expanding the sales of AI-related offerings in both DRAM and NAND,” it added.

Short for device solutions, Samsung’s DS Division deals with semiconductors and components. By contrast, its device experience part handles mobile phones, home appliances and network equipment.

“As the AI market shifts from training to inference while demand for distributed architectures expands, the role of memory will become increasingly critical,” SK hynix said in a statement.

“Accordingly, not only demand for high-performance memory such as HBM is expected to grow continuously, but also for overall memory products including server DRAM and NAND as well,” it said.

Semiconductor super-cycle and DRAM beggars

In line with the upbeat prospect, brokerage houses project that Samsung’s bottom line will near $90 billion this year, while that of SK hynix will surpass $70 billion.

SK Securities even forecasts that Samsung and SK hynix each will rack up more than $100 billion in profits this year.

Soaring semiconductor prices and outstanding earnings of chipmakers have fueled talk of a “semiconductor super-cycle.”

Business tracker TrendForce predicts that DRAM prices will rocket more than 55% in the first three months of 2026 compared to the previous quarter. Those of NAND flash are also expected to climb over 30% over the same period.

SK Securities analyst Han Dong-hee also said that supply shortages are spreading across all product segments, including advanced high-bandwidth memory, which is essential for AI applications, as well as commodity DRAM used in mobile devices or computers.

“For customers, the top priority has become securing stable volumes through long-term agreements, while suppliers are expected to pursue profit maximization and stable growth by optimizing the share of long-term contracts,” Han said in a report.

Sungkyunkwan University semiconductor professor Choi Byoung-deog said that there are “DRAM beggars,” or executives from major global tech companiesm who have been traveling to Korea to beg for chips from Samsung and SK hynix.

“The super-cycle in memory will eventually come to an end. As global tech giants keep pouring massive investments into AI, however, the current upcycle is likely to last two or three years,” Choi told UPI. “That’s why desperate buyers are flying to Korea to plead for memory chip supplies.”

Sungkyunkwan University semiconductor professor Han Tae-hee struck a more cautious tone, though.

“I also expect that the present super-cycle will continue through this summer. But beyond that, any unexpected events could take place to weigh on the semiconductor industry,” Han said in a phone interview.

“Six months ago, we could not predict today’s booming memory chip sales. Likewise, we cannot know for sure what will happen six months later.”

The share price of Samsung Electronics fell 1.05% on the Seoul bourse Thursday, while SK hynix rose 2.38%.

Source link

Spotify paid out a record $11 billion into the music industry in 2025

Last year, Spotify paid out more than $11 billion to the music industry, bringing the company’s total payouts since launch to nearly $70 billion.

The milestone year reflected the “largest annual payment to music from any retailer in history,” the company announced on Wednesday in a post. In 2025, Spotify’s payout amount grew by over 10%, making the Sweden-based streamer one of the industry’s main revenue drivers.

“Big, industry-wide numbers can feel abstract, but that growth is showing up in tangible ways,” wrote Charlie Hellman, the company’s new head of music. “Despite rampant misinformation about how streaming is working today, the reality is that this is an era full of more success stories and promise than at any point in history.”

When music streaming was first introduced, there was some controversy about how much artists earn from streams. According to Spotify, independent artists and labels accounted for half of all royalties. Additionally, the company said there are currently more artists earning over $100,000 a year from Spotify alone than were getting stocked on shelves at the height of the compact disc era.

Founded in 2006, the company, with a large presence in L.A.’s Arts District, has become the world’s most popular audio streaming subscription service. The platform offers access to over 100 million tracks, podcasts and audiobooks in over 180 markets.

At the top of the year, founder Daniel Ek moved from his CEO position to become executive chairman. Spotify named two co-CEOs, Gustav Söderström and Alex Norström, in his place.

This month, Spotify raised prices for its premium subscribers in the U.S., bringing the costto $12.99 per month. Hellman disclosed that as Spotify’s audience continues to grow, the higher prices are designed to help with the company’s ongoing expansion. According to the post, Spotify makes up roughly 30% of recorded music revenue and pays out two-thirds of all music revenue to the industry. The other third gets invested back into the company to maintain an “unrivaled listening experience.”

Recently, the streamer has been focused on growing its podcasting division by opening a new recording studio in Hollywood, premiering several shows in partnership with Netflix and expanding its creator monetization program.

Separately, Spotify said it is hoping to counter new developments in AI by reinforcing a human connection between artists and fans. This includes an emphasis on more artist-powered videos, continuing to promote artists’ live shows on the platform and expanding the role of the company’s music curators. The streamer also has plans to crack down on AI-driven artists on the platform.

“AI is being exploited by bad actors to flood streaming services with low-quality slop to game the system and attempt to divert royalties away from authentic artists,” said Hellman. “We’re going to introduce changes to the systems for artist verification, song credits, and protecting artist identity. It’s critical to ensuring listeners and rightsholders can trust who made the music they’re hearing.”

Source link