The top names in entertainment, including such names as John Legend, Amy Adams, and LL Cool J, are hosting Zoom fundraisers through Richard Weitz's "Quarantunes" series to raise money for coronavirus frontline initiatives.
Hollywood agent Richard Weitz, a partner at WME, told Cheddar on Friday that the idea for the charitable musical series came from wanting to make his daughter’s birthday special amid the pandemic.
“I was throwing a surprise birthday for my daughter Demi who was turning 17, and I hired a piano player from Chicago named Dario Giraldo who played Redhead Piano Bar," Weitz said. "I wanted to organize some fun on Zoom for Demi and her friends.”
His daughter was actually the one who encouraged him to turn the concept into a fundraiser to help support those on the frontlines and others in need.
“From there we knew we had a platform and my dad kept doing it and it got a little more traction and he invited more friends," Demi Wietz told Cheddar. " I was like dad we need to raise money for the people in need right now, for charities, for organizations, for hospitals like we have this platform and we should do something with it, so we turned it into a charity benefit concert,”
The concert series, which streams over the videoconferencing platform, selects a different organization to support each week and has already raised almost $1 million to help aid workers on the frontlines
Last week, the Weitzes teamed up with Jake Wood, CEO and co-founder of Team Rubicon, a nonprofit that helps reintegrate veterans back into civilian life and already raised more than $500,000.
Woods said that the investment bank Goldman Sachs had been eager to support Team Rubicon’s efforts and during the Quarantunes event it donated almost $150,000 to the fundraiser.
“A couple weeks ago, a partner in the private wealth division at Goldman Sachs reached out to me and said, “Hey we’ve learned about this private concert series that’s going on and being hosted by this father-daughter duo in Los Angeles and we’d love to bring some of our clients into it and have the proceeds benefit Team Rubicon,’” he explained.
Team Rubicon has deployed more than 4,000 volunteers to the frontlines of the pandemic, staffing underfunded hospitals and running mobile testing clinics in major cities across the country.
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.
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Catching you up on the entertainment headlines of the day with the new "Thor: Love and Thunder" trailer, Tom Cruise saying that he sees every movie that's in theaters, Lucasfilm warning Black actor Moses Ingram starring in "Obi-Wan Kenobi" about a potential racist backlash, and more.