exits

ByteDance, the parent company of TikTok is making a hasty retreat out of the global gaming industry in a bid to cuts its losses. Seen as one of the biggest tech investment failures in recent history, ByteDance is set to fire hundreds of employees from its gaming brand Nuverse…

Berkshire Hathaway exited Paytm-parent firm One97 Communications Friday at a loss of about 40% on the high-profile investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 billion. The investment giant — which sold a stake worth $36 million in Paytm in 2021, at a profit — sold its remainder position on Friday for $121.6 million, according to disclosure by…

Get our free weekly email for all the latest cinematic news from our film critic Clarisse LoughreyGet our The Life Cinematic email for freeJenna Ortega is reportedly no longer expected to reprise her role for Scream VII.The news comes one day after her co-star Melissa Barrera was fired from the horror franchise due to comments she made about Israel-Palestine on social media.According to Deadline, Ortega, 21, has dropped out of the sequel due to scheduling conflicts with the second season of her hit Netflix series,…

Sean “Diddy” Combs’ Revolt TV just lost a podcaster in the wake of Cassie’s lawsuit alleging sexual assault by the mogul, which he and the singer settled Friday. Dawn Montgomery on Monday announced on X (formerly Twitter) that she had resigned from her role with the media company. “I won’t be signing on to do the season of @revolttv’s ‘Monuments To Me’ podcast,” Montgomery wrote. “I am a SA survivor I cannot be a part of a show that’s supposed to uplift black women while leads the company,” she wrote, adding,…

Get our free weekly email for all the latest cinematic news from our film critic Clarisse LoughreyGet our The Life Cinematic email for freeFilmmaker Destin Daniel Cretton has reportedly stepped away from directing the fifth movie in the Avengers franchise to focus on other Marvel projects.The Shang-Chi director, 44, had been attached to Avengers: Kang the Dynasty since last year.However, it was confirmed by The Hollywood Reporter on Wednesday (15 November) that Cretton has exited the Marvel sequel. It is currently unknown…

The moon rover of Indian Space Research Organisation (ISRO)'s Chandrayaan-3, Pragyan rover, exited the spacecraft on Thursday morning to begin its exploration of the lunar surface, the country's space agency said on messaging platform X, formerly known as Twitter.The Chandrayaan-3 spacecraft landed on the unexplored south pole of the moon on Wednesday evening, days after Russia's Luna-25 failed, making India the first country to achieve that feat."The Ch-3 Rover ramped down from the Lander and India took a walk on the…

The cast of Christopher Nolan’s highly anticipated “Oppenheimer” walked out of the premiere Thursday while the event was underway, in solidarity with the just-authorized strike by the Hollywood actors’ union.Nolan confirmed their departure before the beginning of the screening at Leicester Square in London, according to Variety. The cast, which includes Cillian Murphy as the titular mastermind behind the Manhattan Project, as well as Matt Damon, Emily Blunt and Florence Pugh, had a plan to leave if the actors’ union,…

Her message was cheerful and comforting: “PEOPLE!!! I got you!”Last fall, veteran Hollywood diversity executive Karen Horne sought to reassure aspiring artists who were shaken by the elimination of the Warner Bros. Television Workshop, which for decades stood as a beacon for the development of emerging talent of color. Facing a torrent of outrage, Warner Bros. Discovery vowed to revive the program. But Horne’s celebration was short-lived. Last month she was laid off, becoming the fourth high-level diversity, equity and…

Ozzy Osbourne is off the bill for October’s Power Trip festival.The 74-year-old heavy-metal pioneer, who revealed in 2020 that he had Parkinson’s disease, announced the cancellation in a statement Monday that said he wasn’t physically fit for the gig.“As painful as this is, I’ve had to make the decision to bow out of performing on Power Trip in October,” he said of the festival that will bring a roster of veteran hard-rock acts to Indio’s Empire Polo Club. “My original plan was to return to the stage in the summer of…

Following its upcoming exit from France, quick commerce startup Getir is losing yet another European market: Spain. According to Spanish trade union CCOO, Getir failed to raise sufficient capital in a recent funding round. As a result, it will cease operations in the country and lay off its entire workforce of 1,560 employees. “We condemn the disastrous business management of Getir, which has not known how to grow or have a market strategy in Spain. Now its staff will suffer the biggest harm,”…