Author: Michael

Netflix laid off roughly 1,000 employees, or about 6% of its staff, on Wednesday, as the megastreamer battles slowed growth. The majority of the cuts are in the product, tech, legal and human-resources teams, co-CEOs Ted Sarandos and Greg Peters said in an email to staff on Wednesday morning obtained by TheWrap. “Our mission – to entertain the world – is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” they said. “Our business is strong and growing, and we remain on track to deliver our full- year forecast. We’ll continue…

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TikTok announced its second microseries partnership — this time with digital creators at the center. The microseries will be produced in partnership with creator management company Made By Us, the companies announced during TikTok’s presentation at MIPCOM Cannes. The companies inked a multiyear deal to co-produce a slate of creator-led vertical series exclusively for TikTok and its microdrama counterpart, PineDrama. The first two series will star comedy creators Hannah Stocking and Adam Rose, with each leading their own microseries. “Micro-series are pioneering a new language of storytelling,” Dawn Yang, global head of entertainment & micro-series at TikTok, said. “We’re thrilled…

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