Ne-Yo, Akon, Lil Yachty and Austin Mahone were also charged by the Securities and Exchange Commission in the case, which is tied to promotion of crypto tokens created by Justin Sun.
Lisa Ann Walter talks working with Bradley Cooper on 'Abbott Elementary' and tells THR how nervous she was to be around him while on the carpet at the NAACP Image Awards. Plus, she shares the possibility of reuniting with Lindsay Lohan for a 'Parent Trap' reboot.
Credit: The Hollywood Reporter Duration: 01:55Published
Lindsay Lohan admitted she got emotional when she saw her son watching one of her beloved films for the first time. The actress stopped by 'The Drew Barrymore Show,' where the host asked her whether she watches the films she had starred in. While Lohan said she doesn't seek out her movies, she will occasionally have one on in the background. However, the actress recently caught her 8-month-old son Luai watching 1998's classic 'The Parent Trap,' which instantly made her emotional.
Credit: The Hollywood Reporter Duration: 02:01Published
Lindsay Lohan and co-stars Ayesha Curry and Ed Speleers sat down with The Hollywood Reporter to talk about their new Netflix film 'Irish Wish.' Lohan and Curry discuss the biggest things they've manifested in their own life and dish on their special bond. While Speleers talks about switching from playing a serial killer in 'YOU' to playing a romantic lead. Plus, Lohan gives THR an update on a 'Freaky Friday' sequel.
Credit: The Hollywood Reporter Duration: 03:27Published
Lindsay Lohan Confirms ‘Freaky Friday’ , Sequel With Jamie Lee Curtis.
Lindsay Lohan Confirms ‘Freaky Friday’ , Sequel With Jamie Lee Curtis.
Lohan recently appeared on Andy Cohen's SiriusXM show, Deadline reports.
While being interviewed, she confirmed that
the 2003 movie is getting a sequel.
She declined to provide a
production timeline, however. .
I won’t say that yet. I don’t
want to say too much, Lindsay Lohan, on Andy Cohen's SirusXM show.
We are both excited.
I’m gonna speak for Jamie, Lindsay Lohan, on Andy Cohen's SirusXM show.
Rumors of a sequel have been circulating for a while, and in 2022, Curtis revealed on 'The View' that she was "creatively wide open" to reprise her role. .
Let me be the grandma, let me be
the old grandma who switches places, so
then Lindsay gets to be the sexy grandma
who’s still happy with Mark Harmon in all the
ways you would be happy with Mark Harmon, Jamie Lee Curtis, on 'The View'.
I would like to see Lindsay be the hot
grandma, and I would like to see me try
to deal with toddlers today. I want to be
a helicopter parent in today’s world. , Jamie Lee Curtis, on 'The View'.
Stemming from a 1972 novel written by
Mary Rodgers, 'Freaky Friday' has been made into a film three times, Deadline reports.
Before the 2003 film was released, Barbara Harris and Jodie Foster starred in a 1976 adaptation, .
Before the 2003 film was released, Barbara Harris and Jodie Foster starred in a 1976 adaptation, .
Before the 2003 film was released, Barbara Harris and Jodie Foster starred in a 1976 adaptation, .
and in 1995, a version featuring Shelley Long and Gaby Hoffmann was released
Credit: Wibbitz Top Stories Duration: 01:31Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Jake Paul and Mike Tyson , to Face Off in July.
ESPN reports that YouTuber-turned-prizefighter
Jake Paul is set to meet former heavyweight champion
Mike Tyson in a first-of-its-kind Netflix boxing event. .
ESPN reports that YouTuber-turned-prizefighter
Jake Paul is set to meet former heavyweight champion
Mike Tyson in a first-of-its-kind Netflix boxing event. .
In 2020, Paul started making a name
for himself in combat sports with a knockout
win over former NBA player Nate Robinson.
In 2020, Paul started making a name
for himself in combat sports with a knockout
win over former NBA player Nate Robinson.
That fight took place on
the undercard of Mike Tyson's
exhibition fight against Roy Jones Jr.
That fight took place on
the undercard of Mike Tyson's
exhibition fight against Roy Jones Jr.
On July 20, Paul and Tyson will appear
as the main event for Netflix's first
foray into live combat sports.
Jake Paul vs. Mike Tyson
is a once-in-a-lifetime dream
matchup and I anticipate it will
be the most-watched boxing
event in modern boxing history, Nakisa Bidarian, Most Valuable
Promotions (MVP) co-founder, via ESPN.
Jake Paul vs. Mike Tyson
is a once-in-a-lifetime dream
matchup and I anticipate it will
be the most-watched boxing
event in modern boxing history, Nakisa Bidarian, Most Valuable
Promotions (MVP) co-founder, via ESPN.
ESPN reports that it remains unclear how the
Texas Department of Licensing and Regulation will
handle what is likely to be a highly-criticized matchup.
ESPN reports that it remains unclear how the
Texas Department of Licensing and Regulation will
handle what is likely to be a highly-criticized matchup.
It remains unclear whether the match will be considered a pro fight or an exhibition bout.
Despite being considered one of the greatest
heavyweight boxers in history, Tyson will be
58 years old by the time the fight rolls around.
Paul, at just 27 years old, will be three
decades younger than his opponent.
Tyson, who was the undisputed heavyweight
champion from 1987 to 1990, lost his last
professional fight by knockout in 2005. .
Tyson, who was the undisputed heavyweight
champion from 1987 to 1990, lost his last
professional fight by knockout in 2005.
Credit: Wibbitz Top Stories Duration: 01:30Published
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Trump’s Social Media Company , Sues Co-Founders.
Trump Media & Technology Group filed a
lawsuit against co-founders Wesley Moss and Andrew Litinsky on March 24, ABC News reports.
The suit came two days before shareholders approved a merger that allowed the
company to begin trading on the Nasdaq.
The lawsuit alleges that the two men
"failed spectacularly" to lead the company and made "reckless and wasteful decisions"
that resulted in "significant damage.".
Trump Media wants the co-founders to give up
their shares of the company, among other things. .
TMTG has been forced to file this action
to remedy the harm inflicted upon it by two
faithless fiduciaries and a company they own --
Wesley Moss, Andrew Litinsky, and
[United Atlantic Ventures] -- and to halt their
ongoing attempts to do even more damage, Via lawsuit.
Moss and Litinsky's company,
United Atlantic Ventures, owns 5.5%
of Trump Media, according to the SEC.
That amounts to 7,525,000 shares
which are worth about $388 million.
Donald Trump's stake in the company
is currently valued at over $4 billion.
Since going public last week,
the stock has been very volatile. .
At one time, shares peaked over $79.
On April 1, they plunged by 21%.
Shares recovered slightly on April 2
Credit: Wibbitz Top Stories Duration: 01:30Published
SEC Permitted to Sue Coinbase , for Offering Unregistered Securities.
U.S. District Judge Katherine Polk Failla
has ruled that the Securities and Exchange Commission's (SEC) lawsuit against Coinbase
can proceed, The Verge reports. .
The SEC has sufficiently pleaded
that Coinbase operates as an exchange,
as a broker, and as a clearing agency
under the federal securities laws, , U.S. District Judge Katherine Polk Failla, via ruling.
... and, through its Staking Program,
engages in the unregistered
offer and sale of securities, U.S. District Judge Katherine Polk Failla, via ruling.
The judge rejected arguments that existing laws are inadequate when it comes to crypto. .
The judge rejected arguments that existing laws are inadequate when it comes to crypto. .
The ‘crypto’ nomenclature may be
of recent vintage, but the challenged
transactions fall comfortably within the
framework that courts have used to identify
securities for nearly eighty years, U.S. District Judge Katherine Polk Failla, via ruling.
Coinbase chief legal officer Paul Grewal
took to X to respond to the ruling. .
Coinbase chief legal officer Paul Grewal
took to X to respond to the ruling. .
Early motions like ours
against a government agency
are almost always denied. , Paul Grewal, Coinbase chief legal officer, via X.
But clarity is the ultimate
goal and today’s decision
continues us on that path, Paul Grewal, Coinbase chief legal officer, via X.
Looking ahead, we remain confident
in our legal arguments, we look
forward to proving we’re right, , Paul Grewal, Coinbase chief legal officer, via X.
... we are eager for the opportunity to
take discovery from the SEC for the first
time, and we appreciate the Court’s
continued consideration of our case. , Paul Grewal, Coinbase chief legal officer, via X
Credit: Wibbitz Top Stories Duration: 01:31Published
SEC's New , Climate Disclosure Rules , Facing Multiple Lawsuits.
'Newsweek' reports that both industry and
environmental groups have legally challenged the
Securities and Exchange Commission over new rules. .
The new rules require some businesses to disclose
information about climate risks, including direct
greenhouse gas emissions and risks from extreme weather.
The SEC rules, which were approved on March 6 by a 3-2 vote,
also require companies to provide investors with context
on how those companies plan on managing those risks.
Some requirements were pared back prior to the rules
being approved. Those rules include reporting on Scope 3
emissions which relate to the company's supply chain.
In response to the new rules, two fossil fuel producing
companies filed lawsuits accusing the SEC of burdening
companies and exposing them to potential litigation.
19 state attorney generals have also
filed lawsuits claiming that the new rules
exceed the SEC's legal authority.
On the other side, environmental groups the Sierra Club
Foundation and Earthjustice announced their own lawsuits
accusing the SEC of watering down rules to protect investors.
Sierra Club has millions of members
and supporters who have investments
in the market. It's really critical that
we have access to information about
climate risks that may be faced
by the kinds of entities that
we would hope to invest in, Andres Restrepo, Sierra Club Senior Attorney, via Newsweek.
'Newsweek' reports that the SEC rules were
meant to take effect in 2026, however, the
legal challenges are likely to result in delays.
The new rules come as the U.S. Supreme Court
has indicated plans to restrict the regulatory
authority of environmental enforcement agencies.
Credit: Wibbitz Top Stories Duration: 01:31Published
Bitcoin Rallies, on Hopes of Renewed Interest , Among Mainstream Investors.
On March 4, the price of Bitcoin broke $65,000,
bringing it closer to returning to an all-time
high reached in November 2021.
NBC reports that the latest rally has been driven
by hopes that the launch of bitcoin exchange-
traded funds will expand bitcoin's pool of buyers. .
In 2024, the cryptocurrency has
gained over 48%, rapidly approaching its
record intra-day all-time high of over $68,000.
In January, Bitcoin ETFs were first approved by
the Securities and Exchange Commission (SEC). .
The SEC said the approval of the ETFs were meant
to make it easier for investors to gain exposure to
Bitcoin without having to actually own the digital coins.
NBC reports that the world of crypto is also banking
on a potential rally following a technical event
known as "halving" scheduled to occur in April.
This event will see the rate of supply for new bitcoin
to decline, which could cause the value of the
cryptocurrency to increase if demand remains unchanged.
Some mainstream investment experts have
still urged caution when it comes to investing
in the controversial cryptocurrency.
With equities, you own a share
of a company that produces goods
or services, and many also pay
dividends. With bonds, you get
a stream of interest payments, Vanguard statement, via NBC.
Commodities are real assets that meet
consumption needs, have inflation-
hedging properties, and can play
a role in certain portfolios, Vanguard statement, via NBC.
While crypto has been classified
as a commodity, it’s an immature
asset class that has little history,
no inherent economic value,
no cash flow, and can create
havoc within a portfolio, Vanguard statement, via NBC
Credit: Wibbitz Top Stories Duration: 01:32Published
Lindsay Lohan, Ne-Yo and Jake Paul are among a number of stars who have been charged with cryptocurrency violations by the Securities and Exchange Commission.
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