Tag: corporate restructuring

Comcast has named its cable and digital spinoff "Versant," consolidating legacy brands like USA, CNBC, and Fandango under a single corporate identity. The move streamlines operations, enables strategic flexibility, and positions the unit for potential M&A or divestiture, reflecting broader…

NBCUniversal is undergoing another round of layoffs as it spins off a collection of underperforming cable networks—E!, Syfy, Oxygen, and USA—into a new unit tentatively called “SpinCo,” led by Val Boreland. The move, framed as a strategic realignment, includes "a…

Vice Media has appointed Matt Moore as group Chief Financial Officer, bringing extensive media finance experience from roles at Product Madness, ITV, Virgin Media, and BSkyB. Moore joins during Vice’s restructuring under Fortress Investment Group following its 2022 bankruptcy and…

Disney has laid off 300 U.S. employees in corporate roles as part of cost-cutting efforts, with Parks, ESPN, and Disney Entertainment Television unaffected. This follows similar layoffs across the media industry, including Paramount and Fox, as companies respond to a…

Redbox technicians faced a sudden work stoppage in June due to severe financial troubles. Chicken Soup for the Soul Entertainment, which acquired Redbox in 2022, filed for bankruptcy with nearly $1 billion in debt. Issues include unpaid payroll, lapsed health…