From witness protection to ESPN layoffs, here's what's happening in entertainment.
'Rust' Shooting Update
Prosecutors are trying to protect a witness who says Rust armorer Hannah Gutierrez-Reed handed off cocaine after a police interview that followed the 2021 shootings of cinematographer Halyna Hutchins, who died, and director Joel Souza.
Last week armorer Hannah Gutierrez-Reed was charged with additional drug-related counts. Prosecutors say the cocaine would have been critical evidence in the investigation.
Thursday's filing asks that the witness who cooperated with investigators be allowed to remain anonymous over fears for the person's safety and the possibility of being "blackballed" in Hollywood. Lawyers for Gutierrez-Reed argue it is not common practice to allow anonymity in these kinds of cases, according to Variety.
American Pie
Jason Biggs, star of the American Pie franchise, has no regrets about the classic scene where he got more cozy with a pie than one might like. Still, he said that type of comedy from the 1999 film would not fly in today's society.
Biggs is currently promoting a limited edition Edwards Desserts pie and told Yahoo that while he would be up for another saga in the franchise, things that were done on-screen in the past should stay there.
"The movie stands as its own little time capsule – it's a reflection of the times that we lived in," he said.
He also admitted that meeting fans can get a bit awkward, particularly when he is with his young children that are not familiar with the movies.
ESPN Fires Longtime Talent
A few of our favorite on-air sports analysts have met the unfortunate layoff ax brought down by the House of Mouse.
ESPN cut ties with about two dozen commentators and reporters in an effort to save on their bottom line. But they didn't get rid of just anyone. NBA staples Jeff Van Gundy and Jalen Rose, who both joined the network in 2007 were let go along with Suzy Kolber who hosted several shows during her 27 years with the network.
"This is an extremely challenging process, involving individuals who have had tremendous impact on our company," ESPN said in a statement. "These difficult decisions, based more on overall efficiency than merit, will help us meet our financial targets and ensure future growth.
Other notable layoffs include Max Kellerman and Keyshawn Johnson, hosts of the morning radio show.
The crypto industry is still reeling from Terra's recent crash. The company's blockchain was temporarily halted earlier this month after the collapse of its cryptocurrency Luna (LUNA) and its stablecoin TerraUSD (UST), which led to almost $45 billion being wiped from the tokens' market caps within a week. Now, many are left wondering what Terra's struggles mean for the broader crypto market. Reeve Collins, CEO of the NFT platform BLOCKv, joins Cheddar News' Closing Bell from Davos 2022 to discuss.
China's largest ride-hailing company will no longer be listed on the world's largest stock exchange. Didi shareholders voted on Monday to delist from the New York Stock Exchange, less than a year after launching a $4.4 billion IPO with the most significant U.S. share offering by a Chinese company since Alibaba debuted in 2014. Since going public in June of last year, around $70 billion has been wiped from Didi's market value and shares of the company have dropped nearly 90%. Now, Didi is expected to begin preparations to list in Hong Kong. Kevin T. Carter, founder and Chief Investment Officer of EMQQ Global, joins Cheddar News' Closing Bell to discuss.
This episode of On The Job presented by ADP: Cheddar takes a deep dive into how offices in Silicon Valley are handling return-to-office policies with Jesse Levinson, Cofounder and CTO of Zoox; Bob Lockett, Chief Diversity & Talent Officer at ADP breaks down the importance of flexibility at work and how to approach compensation in order to improve retention; Pamela Rucker, CIO Advisor and Instructor for Harvard Professional Development, explains how A.I. can play a role in sustainability efforts and what business leaders need to know about ESG.
Jeremy Kim and Wootak Kim, content creators and the stars of the ‘Under the Influence’ podcast and YouTube series, joined Cheddar News to talk about using their platform to help other Asian American creators. "When we were kind of like coming up with the show idea, there's like so many other people that we really respect or look up to or that interesting stories that will never get the chance to be seen by anybody else," said Jeremy Kim. "And so that's the kind of the platform that we wanted to create."
Chantel Powell, Co-Founder and CEO of Play Pits, joins Cheddar News to discuss how she's grown her business from making it in her very own home to being sold on the shelves in Target stores across the nation, and break down how her business remained resilient throughout the pandemic.
Coming off of their face masks endeavor, Jill Zarin of "The Real Housewives of New York City," and her daughter Ally Shapiro, CMO of JIll & Ally, join Cheddar News to discuss their latest product: crystal manifestation candles. "We have tigers eye, we have amethyst, we have lapis, and alone those could be almost the price of the candle," said Zarin. "We were really able to do it in an affordable way, and if you don't know how to manifest or what that even means, we do it for you on the candle." Zarin also dished on the new season of "Real Housewives Ultimate Girls Trip."
