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.
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
Amazon is betting that ammonia could be the fuel of the future, participating in a Series A round for the Brooklyn-based company Amogy in December. Amogy aims to de-carbonize transportation with a clean energy system that uses ammonia as a renewable fuel. Amogy is partnering with Amazon on its first commercial product - an ammonia-powered cargo-shipping vessel. Amogy CEO Seonghoon Woo joins Cheddar Climate to discuss.
One of the world's largest transport companies is kicking off Black History Month with a new initiative aimed at the next generation of business leaders. Today, FedEx announced the launch of its Student Ambassador Program. Participants selected from eight historically black colleges and universities will receive career guidance from FedEx executives. The program is part of FedEx's ongoing commitment to HBCUs and will also help the company expand its pipeline for diverse talent. Cheddar News welcomes senior vice president at FedEx, Jenny Robertson, and Jerryl Briggs, President of Mississippi Valley State University, to discuss.
"Sing 2" has overthrown "Spider-Man: No Way Home" as the number one film at the UK box office. The animated sequel brought in $8.1 million, in just its two first weekends. However, "No Way Home" is still on track to beat "Avatar" as the number one grossing movie of all time.
Big Brothers Big Sisters of America has been a driving force for youth mentorship since 1904. The nonprofit organization is launching its annual Big Draft campaign this month in partnership with the NFL, and Artis Stevens, the first Black CEO of Big Brothers Big Sisters of America, joined Cheddar to discuss the push for adding more "Bigs" as mentors on his one-year anniversary leading the non-profit organization. "While the NFL is recruiting and drafting more players, they're also helping us to draft more mentors and, particularly, men all the way from across February to all the way to April of this year," Stevens explained.
The Supreme Court will reconsider race-based affirmative action in college admissions. The court will examine admissions policies at Harvard University and The University of North Carolina Chapel Hill, which count the race of applicants as a factor in admissions. The court has upheld affirmative action policies in the past, saying it helps to create more diverse student bodies. However, the conservative Supreme Court could be skeptical and even possibly hostile to such policies. Nick Anderson, Higher Education Writer, Washington Post joined Cheddar's Opening Bell to discuss.
The value of most cryptocurrencies have plummeted in recent months since reaching all-time highs in November, wiping out more than $1 trillion in value globally. The steep crash has some talking about the possibility of a crypto winter, a term referring to a prolonged bearish period where asset prices persistently fall over many months. This all comes as the Fed is expected to raise interest rates, and the Biden administration is working on an executive order to regulate Bitcoin and other assets. Josh Goodbody, COO of Qredo, joined Cheddar's Opening Bell to discuss the crypto crash, and how the industry might recover from it.
Recent data reveals that streaming giants are struggling to retain subscribers in the months following a major release.
According to data from Antenna, subscriber trends show that users will subscribe to a given streaming service just to watch a particular show, and then cancel those subscriptions shortly after. This comes as the streaming space continues to heat up as new entrants crowd the space. Jon Christian, Founding Partner + Digital Supply Chain Leader at OnPrem joined Cheddar's Opening Bell to discuss.
