New York Governor Andrew Cuomo said New York City can start reopening on June 8 as one of the most dramatic global hubs of the COVID-19 pandemic nears the parameters the state established for entering Phase I. The city has been on lockdown since March as the virus spread rapidly and the hospital and health care…

Walt Disney World has gotten the go-ahead from the state of Florida to open its four Orlando theme parks starting July 11 along the lines of plan executives presented to Orange County officials on Wednesday. The phased reopening starts with the Magic Kingdom and Disney Animal Kingdom on Saturday, July 11 and Epcott…

San Francisco yesterday became the first major box office city to give a specific opening date for theaters, mid-August, which is after planned release dates of the first big summer films, Tenet and Mulan, in mid and late-July respectively and the late June-July target anticipated by the biggest chains like AMC Enterta…

Twitter shares are taking a hit Thursday as President Donald Trump declares war on social media, with the Jack Dorsey-led company in the cross-hairs for slapping cautionary notes on two POTUS tweets this week. The stock was down 2.6% in afternoon trade in a mixed market, with the Dow Jones Industrial Average up about…

Santa Monica-based Snap Inc. announced plans to stream its Snap Partner Summit on June 11. Doors open at 9:45 a.m. PT with a keynote address by co-founders Evan Spiegel, CEO, and  Bobby Murphy, chief technology officer, kicking it off. Execs from across the company will showcase new product features and announce…

ViacomCBS has promoted Jonathan Karp to CEO of Simon & Schuster, effective immediately, succeeding Carolyn Reidy, who passed away earlier this month. Karp most recently served as president and publisher of Simon & Schuster Adult Publishing that includes Atria Books, Avid Reader Press, Gallery Books, Scribner, Simon…

Shares of giant UK exhibitor Cineworld soared 23% Thursday as it confirmed plans to open theaters in July when it currently expects restrictions on cinemas will be lifted in each of its territories, and said that it anticipates a cash infusion from government COVID-19 relief programs in the UK and U.S. along with new…

Walt Disney has promoted longtime finance exec and former banker Carlos Gómez  as senior vice president, Treasurer, replacing Jonathan Headley, who is retiring. It's a key role that has become increasingly critical during the COVID-19 pandemic with the global economy in chaos, financial visibility low and most of…

Struggling movie theater chain AMC Entertainment said CEO Adam Aron earned $9.67 million in 2019, up slightly from $9.47 million the year before. His package included a $1.25 million base salary, stock awards for $6.48 million and non-equity incentive plan compensation of $1.92 million. The nation’s largest chain…

Stepping into choppy waters for social media, Facebook chairman-CEO Mark Zuckerberg weighed in, saying Wednesday the platform's criteria for removing content remains "imminent harm" — not harm "down the line." But he told shareholders at the company’s annual meeting that the company continues to police hate speech…

Walt Disney World Resort executives on Wednesday unveiled a phased plan to reopen its Magic Kingdom and Disney Animal Kingdom on Saturday, July 11 and Epcott and Disney Hollywood Studios on Wednesday, July 15. Jim MacPhee, Senior Vice President of Operations, Walt Disney World Resort unveiled the timeline at a virtual…

Walt Disney World Resort will submit a proposal for a phased reopening of the Orlando parks at a meeting Wednesday with the Orange County Economic Recovery Task Force. Disney announced that Jim MacPhee, Senior Vice President of Operations, Walt Disney World Resort, will give a virtual presentation on the plan but the…