Coolio performs at Riot Fest in Douglass Park on September 18, 2022 in Chicago, Illinois. (Photo by Barry Brecheisen/WireImage)
Posthumous Coolio Album
When the late rapper Coolio died suddenly in 2022, he had a new album in the works. Now that project, titled Long Live Coolio, is set to be released posthumously later this year with guest appearances from Ras Kass, Treach from Naughty By Nature and J-Dee from Da Lench Mob. The 11-track album is being pitched as a celebration of the legendary rapper's career, which took off in the 1990s with classic hits such as “Gangsta’s Paradise” and “Fantastic Voyage."
Southbox Raises $80 Million
The Atlanta-based media company Southbox Entertainment has raised a total of $80 million to greenlight new movie and TV projects, according to Deadline. The fundraising could have big implications for the industry, as the company is promising to spend a good portion on independent films with budgets of $5 million to $35 million. It's also likely that many of the projects will be developed in Georgia, where tax credits have helped spur a boom in production.
Sarah Silverman Sues OpenAI
Comedian Sarah Silverman is joining a class-action lawsuit against OpenAI and Meta alleging that both companies' large language models were trained using illegally-acquired data sets containing her work. Specifically, the suit claims that the companies tapped so-called “shadow library” websites such as Bibliotik, Library Genesis, Z-Library, which featured Silverman's copyright-protected work. Authors Christopher Golden and Richard Kadrey are also joining the lawsuit.
'Blacklist' Finale
The NBC show The Blacklist is ending its 10-year run with a two-hour-long finale. Star James Spader, who plays Raymond “Red” Reddington, told AP News the cast was grateful for the chance to take their time saying goodbye. He also noted that the show, which was mostly shot in New York City, went overseas to Spain for the finale.
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
Home essentials maker Outlines announced its launch at the beginning of 2022, along with $1 million in pre-seed funding led by Social Impact Capital. Outlines says it is re-imagining how we keep our homes clean while also reducing plastic waste. The company's debut product, the Shower Liner System, is made of long-lasting materials, including easy-to-recycle plastic. Outlines co-founder and CEO Luke Young and co-founder and COO Megan Ceryanec joined Cheddar News' Closing Bell to discuss.
Simeon Siegel, managing director and senior analyst at BMO Capital Markets joins Cheddar News to discuss CNBC's report that Peloton plans to halt production, despite the company's CEO denying those claims.
Mona Zhang, states cannabis policy reporter at POLITICO Pro joins Cheddar News to discuss major factors that caused Canada's retail marijuana sales to drop last year.
Jackie Rotman, founder and CEO of the Center for Intimacy Justice joins Cheddar News to talk about why Facebook is banning ads by companies targeting women's sexual health but not ads catered to men.
The NCAA has updated its policy on transgender athletes, allowing each sport’s national governing body to make its own decisions for transgender participation. The new rule is in line with recent changes from the U.S. and International Olympic and Paralympic Committees. Joanna Hoffman, communications director of Athlete Ally, joined Cheddar News to discuss the potential impact of the new rule on the transgender community.
"Saturday Night Live" alum Will Forte is hosting the late-night comedy show this weekend alongside musical guest, Måneskin. Forte, who spent a decade working on the iconic NBC show, is currently starring in "MacGruber," the SNL-sketch-turned-movie that is now streaming on Peacock as a tv series.
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
The NCAA voted to streamline their constitution at their annual convention on Thursday. Each of the three college divisions can decide how student-athletes can make money from outside sources but still restricts schools from directly paying its players.
If you are looking for a new job, you might want to start looking in a different city. A new report from indeed reveals how certain metro areas are seeing faster growth in job openings than others. Economist at Indeed Hiring Lab AnnElizabeth Konkel, joined Cheddar to discuss more.
