From a Grammy Award upgrade to the long wait for new Disney flicks, here's what's happening in entertainment.
McCartney Embraces AI
Paul McCartney, who is a 12-time Grammy award winner, raised a bunch of eyebrows by announcing he'll embrace artificial intelligence and plans to use the tech to create a new music for what he called "the final Beatles record."
He told the BBC that the late John Lennon would be part of the new song after AI was able to extract and recreate his voice from an old demo tape.
"We were able to take John's voice and get it pure through this AI so then we could mix the record as you would. It gives you some sort of leeway," McCartney said.
This isn't the singer's first project with AI. Last year at the Glastonbury Festival in England, McCartney performed a duet with an AI-rendered voice of Lennon titled I've Got A Feeling.
Grammy Changes
The Grammy Awards are expanding and are set to dole out even more trophies at future ceremonies.
The Recording Academy approved the addition of three new categories, including Best African Music Performance, Best Pop Dance Recording and Best Alternative Jazz Album.
"These changes reflect our commitment to actively listen and respond to the feedback from our music community, accurately represent a diverse range of relevant musical genres, and stay aligned with the ever-evolving musical landscape," Harvey Mason Jr., CEO of the Recording Academy, said in a statement.
Other changes could have implications on your favorite songwriters and producers. The Producer of the Year and Songwriter of the Year awards have been shifted to the general field, which allows all Grammy voters to decide on a winner rather than just members who practice the same crafts. The implications come in when those not familiar with specific genres cast votes contrary to what has already been deemed "best" by the general public: i.e. Macklemore's 2014 win for 'Best Rap Album.'
Pat Sajak's Exit
After 41 seasons as the host of Wheel of Fortune, 76-year-old Pat Sajak is calling it quits.
The iconic game-show host took to Twitter to break the news and said that the upcoming season would be his last.
"It's been a wonderful ride, and I'll have more to say in the coming months. Many thanks to you all. (If nothing else, it'll keep the clickbait sites busy!)," he wrote. The announcement comes just a few years after Sajak snatched the record of longest stand game-show host from the late Bob Barker, who hosted the iconic Price is Right for a staggering 35 years.
The rumor mill has already begun swirling as fans talk about who will replace Sajak. Ryan Seacrest, who has hosted American Idol since 2002, quickly emerged as a contender. Bloomberg reporter Lucas Shaw, who broke the news about Sajak's exit, reported that Seacrest "has been talking to the producers of Wheel of Fortune," and shared speculation that he could be the frontrunner replacement option.
Seacrest does have some time on his hands as he recently departed LIVE with Kelly and Ryan.
Disney Delays
We're beginning to see some of the first major implications of the ongoing Hollywood writers strike.
Disney has reworked the release dates for a slew of highly-anticipated projects as writers take to the picket lines, according to Deadline.
Perhaps the biggest shakeup are the changed release dates for the Marvel Cinematic Universe. Captain America: Brave New World, starring Anthony Mackie as Cap't, has been pushed back two months to July 2024, Fantastic Four is scheduled for release in May 2025, Avengers: Kang Dynasty is being held off for an additional year and will hit theaters in May 2026, and Avengers: Secret Wars will be released in May 2027.
Other Disney properties impacted by the strikes and delays include Star Wars, Moana, three Avatar films, and Alien.
The media giant formerly known as ViacomCBS has officially rebranded itself as Paramount Global with a focus on its streaming service, Paramount Plus. Naveen Chopra, chief financial officer at Paramount, joined Cheddar to discuss the company’s name change and streaming wars. "There are components of content licensing that we continue to do, either historical arrangements or opportunities to license content that don't really impinge on what we're trying to do with our owned and operated services and that continues to be an important ingredient in our broader financial model," he said. "But our number one priority is putting our best assets on Paramount Plus." Chopra also discussed theatrical release windows before feature films hit its service and the platform's subscription goals.
In efforts to help support black-owned brands. Ulta Beauty says it will make a commitment to not only give these brand shelf space but also help them navigate the ins and outs of growing a business. Last week, the beauty retailer announced in order to reach those goals, the company will spend $50 million on diversity and inclusion programs, including an accelerated program to mentor entrepreneurs of color. CEO of Ulta Beauty, Dave Kimbell, joined Cheddar to discuss more.
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
While Black History Month is a time to celebrate the achievements of Black Americans, it's also a time to reflect on how they can be better heard and supported.
Black Americans are still fighting for voting rights, facing more severe impacts from COVID-19, and experiencing gaps in workforce representation and pay. Alexandra Schrecengost, hybrid work expert and CEO of "Virtual With Us" and "Culture With Us,' joined Cheddar News to discuss.
Premio Lo Nuestro 2022 is kicking off awards season this month with its 34th show. The star-studded event will include performances from Pitbull, Luis Fonsi — and even Sting with his new Spanish-language single "Por Su Amor." Ignacio Meyer, the vice president of music and non-scripted entertainment, Univision, joined Cheddar News to talk about the music award show details. "We’ve actually still got plenty of surprises that were going to be announcing," Meyer said. "We're not done announcing the star power just yet." Singer Camilo leads with 10 nominations going into the event.
Black spending power reached a record $1.6 Trillion in a 2021 report from the University of Georgia Selig Center for Economic Growth. Ayesha Selden, certified financial planner, breaks down why real estate is the key to closing the racial wealth gap and how Black Americans are using social media to improve financial literacy. "If we look at home ownership as being a primary driver of wealth, when you look at the equity that Americans have in their homes, that equity can be used to buy additional assets like other rental properties. That equity can be used to educate our children," Selden said, noting that lower rates of home ownership meant Black Americans tend to incur more debt on average for their student loans.
On this episode of Cheddar Reveals, Dr. Kate Strasdin, fashion historian & senior lecturer in Cultural Studies at Falmouth University, discusses the lessons industry leaders draw from history to make fashion more sustainable today; Kendall Becker, fashion editor and trend forecaster, forecasts the hottest trends of 2022, and what will be left in 2021; Cheddar gets a look at Curiosity Stream's 'Going Circular.'
Dr. Kate Strasdin, fashion historian & senior lecturer in Cultural Studies at Falmouth University, joins Cheddar Reveals to discuss the lessons industry leaders draw from history to make fashion more sustainable today.
