What Facebook faces The Federal Trade Commission and more than 40 states sued Facebook yesterday, saying its acquisitions of Instagram and WhatsApp unfairly eliminated competition. They called for Facebook to be split apart and restricted in making future deals, “some of the most severe penalties regulators can demand,” write The Times’s Cecilia Kang and Mike Isaac . Breaking up is hard to do. Few high-profile antitrust cases have centered on mergers years earlier. “No American antitrust enforcer has ever brought a case like this before, and for good reason,” Jennifer Newstead, Facebook’s general counsel, wrote in the company’s initial retort . You have to go back to the breakup of AT&T in the 1980s for a major case that unwound consummated mergers; “Courts historically have expressed anxiety about doing it,” William Kovacic, a former chairman of the F.T.C., told The Times . The F.T.C. faced criticism for the $5 billion fine it levied last year against Facebook … [Read more...] about Who Wants to Undo Facebook?
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Click here to read the full article. Len Amato , a 13-year veteran of HBO, joined MasterClass as chief content officer at the company that sells subscriptions to celebrity-led online courses. In the new role, Amato will head up MasterClass’ content organization and help lead content innovation, strategy and development of class launches. He reports to David Rogier, founder and CEO of MasterClass. More from Variety Hillary Clinton Launches Online Class on the 'Power of Resilience,' Addresses Her Loss to Trump and Reads Her 2016 Would-Be Victory Speech Last Minute Gifts That Will Arrive in Time for the Holidays Ringo Starr Launches Online Class on How to Play Drums Amato formerly served as president of HBO Films, Miniseries and Cinemax before he departed in late 2020 . Most recently, Amato was an executive producer on HBO’s upcoming limited series “The White House Plumbers” through his production company Crash&Salvage, where he will continue to … [Read more...] about Former HBO Exec Len Amato Joins MasterClass as Chief Content Officer
Click here to read the full article. Along with her “Caprisongs” mixtape on Friday came the news that FKA Twigs has “partnered with Atlantic Records for this next exciting phase of her art,” according to the announcement. In the U.K., she will continue to release music via the Young label (formerly Young Turks) through Beggars Group. “FKA twigs is the kind of artist you dream of signing — one with truly original vision, voice, and presence,” said Atlantic chairman-COO Julie Greenwald. “She’s among the most compelling talents, always pushing her creative envelope to deliver emotionally honest music that’s both intensely personal and universal. We’re thrilled that she’s chosen Atlantic to be her home as she continues on her fantastic musical adventure.” More from Variety Atlantic Records Promotes Lanre Gaba to Co-President of Black Music Atlantic Records Strikes Joint Venture With Assemble Sound (EXCLUSIVE) Doja Cat on Remaking an Iconic 'Grease' Song for … [Read more...] about Music Industry Moves: FKA Twigs Partners With Atlantic Records
Click here to read the full article. Apple TV Plus released a trailer for “Severance,” a new workplace thriller series set to premiere Feb. 18 on the streaming platform. From writer and creator Dan Erickson, “ Severance ” follows Mark Scout ( Adam Scott ), who leads a team at Lumon Industries — where employees have undergone a “severance procedure,” which surgically divides their memories between work and personal lives. Throughout the course of the series, the mysterious and chilling “work-life balance” experiment is called into question as Mark is forced to confront reality. More from Variety 'High School Musical: The Musical: The Series' Adds Corbin Bleu and Four Others for Season 3 'Santa Clause' Series Starring Tim Allen Ordered at Disney Plus How 'Eternals' Found VFX Inspiration in Jack Kirby, Manga and Sea Creatures In addition to Scott, “Severance” also stars Patricia Arquette, John Turturro, Britt Lower, Zach Cherry, Dichen Lachman, Jen … [Read more...] about Apple TV Releases Trailer for ‘Severance’; Disney Plus ‘The Proud Family’ Revival (TV News Roundup)