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☆ Hollywood's next big fight is over how actors will get paid for work by their AI 'digital doubles'
▼ + stars: | 2023-06-05 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +3 min

Hollywood actors want to get paid for work done by their AI "digital doubles." SAG-AFTRA starts negotiations this week for a new contract with Hollywood studios, and AI is a hot topic. Hollywood is gearing up for another union battle this week, and a big topic will be how actors are paid for work done by their "digital doubles" created using artificial intelligence. Crabtree-Ireland told the FT that the starting point for negotiations would be getting union-scale payments for work using digital doubles. And while the use of AI might scare some actors, others in Hollywood are embracing the potential paydays the tech could bring.

Persons: Duncan Crabtree, Keanu Reeves, Tom Cruise, Indiana Jones, Harrison Ford, James Earl Jones, Darth Vader, Crabtree, AMPTP negotiaotors, Hilary Krane Organizations: Hollywood, SAG, Morning, Financial Times, Alliance, Television Producers, Reuters, Guild of America, Saturday, CAA Locations: Ireland, Crabtree, Hollywood

☆ Striking Hollywood writers lament residuals slide
▼ + stars: | 2023-05-22 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

The streaming residual check amounted to one-third of the $12,000 Jones received in residuals for writing one episode of the ABC drama "Queens." The writers argue that streaming services, which upended decades of television industry business practices, have significantly undercut their compensation. RESIDUALS WERE 'VERY HEALTHY'Streaming changed the compensation structure and now accounts for the largest share of TV residuals. One studio executive said writers negotiated a 46% increase in residuals for streaming programs, starting in 2022. The latest guild proposal would bump foreign streaming residuals by 200%, a number studio executives noted fails to recognize that subscription fees vary from country to country.

☆ Want to look like a rainmaker? Wall Street's wardrobe whisperer offers her top 19 do's and don'ts to nail the partner look.
▼ + stars: | 2023-05-21 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +3 min

Jessica Cadmus has been dressing Wall Street's top execs since she worked at Goldman Sachs. But things have changed, and dressing like a rainmaker isn't as simple as it used to be. At least that's how Jessica Cadmus, a personal stylist specializing in dressing Wall Street execs, sees it. Cadmus' past life working for one of Wall Street's most prestigious banks grants her a unique perspective. Cadmus spends her days helping them look both stylish and office appropriate, a task complicated by the move the business casual.

☆ TikTok is quietly moving in on record labels' territory and insiders say its ambitions could end up 'pissing off' music partners
▼ + stars: | 2023-05-15 | by ( Dan Whateley | ) www.businessinsider.com time to read: +12 min

Its music ambitions could ruffle feathers at record labels and publishers — unless it pays out. TikTok's app regularly sparks trends that help songs go viral, making it a favorite of marketers at major labels and independents. TikTok works closely with record labels and artists on promotional efforts like livestreamed concerts, in-person performances, and private listening parties with TikTok stars. Spotify has maintained a tenuous relationship with the labels over the years as it's sought to balance profit margins while splitting revenue with artists, labels, and publishers. Still, even as record labels and publishers push TikTok to pay more to music rights holders, they're investing more in the app.

☆ The Russian military is offering up to 10x an average salary to fill its ranks depleted by Ukraine invasion casualties
▼ + stars: | 2023-05-13 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

An investigation has found that Russia has been using a popular job website to entice war recruits. Some of the roles offer salaries 10x the average Russian monthly salary of 63,060 rubles ($810). Military employers searching on the site included the 43rd Regiment of the Russian Guard and the contractual recruitment office for military service in Tver Oblast and the Kemerovo and Novgorod regions. Last month, the Russian military launched a video campaign to lure more soldiers into fighting in Ukraine. The Russian military has consistently hinted at the possibility of a second mass mobilization, with one expected at the beginning of the year and another in April.

☆ Chime: 2023 CNBC Disruptor 50
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Several years of success for fintechs resulted in a significant disruption of the traditional banking industry and significant responses from big players in the space. Chime, which was valued at $1.5 billion in 2019, reached a valuation of $25 billion in 2021. The company became profitable on an EBITDA basis during the pandemic, co-founder and CEO Chris Britt told CNBC in September 2020. Chime was among the companies expected to have pursued an IPO by now, but it has been waiting out a frozen market for new offerings. In November, Chime laid off 12% of its workforce, or about 160 people, in a move that Britt said would help the company thrive "regardless of market conditions."

☆ How to get started on OnlyFans without followers, according to creators
▼ + stars: | 2023-04-24 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

Here's how to start building, promoting, and monetizing OnlyFans content, according to creators. Creators Insider spoke with said they'd found success cross-promoting their OnlyFans content on Twitter, Reddit, and TikTok, among other platforms. Subscriptions are the most basic option for creators looking to monetize their OnlyFans content. The remaining 10% comes from tips, which are another revenue stream for OnlyFans creators. Here's some recent coverage of OnlyFans creators who have built successful businesses after starting out as beginners on the platform:

☆ How TikTok is trying to become the music industry's everything app, even if it risks 'pissing off' record labels
▼ + stars: | 2023-04-20 | by ( Dan Whateley | ) www.businessinsider.com time to read: +11 min

☆ The pros and cons of being a 29-year-old nurse making six figures who works just 9 months a year
▼ + stars: | 2023-04-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Aspen Tucker, 29, has been working as a travel nurse since earning his associate's degree in 2020. In 2022, two years after becoming a travel nurse, Tucker brought home about $187,000 for the year, per CNBC. On average, travel nurses make about 50% more than staff nurses due to high demand. Travel nurses get a living expense stipend and a housing stipend, which are considered reimbursements, not income, she said. While under contract, travel nurses have health insurance, but not when they're between jobs.

☆ Alibaba hands parched dealmakers a glass half-full
▼ + stars: | 2023-03-30 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Then New York- and Hong Kong-listed Alibaba (9988.HK) revealed it was creating six independently run businesses. That will keep dealmaking teams busy for months if, as CEO Daniel Zhang envisions, multiple listed companies emerge from the $250 billion parent. And if a breakup is good for Alibaba, they can dust off pitchbooks for its domestic rivals. Follow @AntonyMCurrie on TwitterCONTEXT NEWSAlibaba CEO Daniel Zhang said on March 29 that he hopes multiple listed companies will emerge from the group. “I hope there will be multiple listed companies emerging from the Alibaba system, and that they will continue to nurture their own sons and daughters, and cultivate more listed companies”, Zhang said, according to the South China Morning Post.

☆ Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure
▼ + stars: | 2023-03-22 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Cory Booker and Raphael Warnock have urged the CEOs of 10 major banks to waive overdraft and nonsufficient fund fees that could cost some Americans more than $100 a day in the wake of the failures of Silicon Valley Bank and Signature Bank. The letters went to the CEOs of Wells Fargo , U.S. Bank , Truist Financial Corp ., TD Bank , Regions Financial Corp ., PNC Bank , JPMorgan Chase , Huntington National Bank , Citizens Bank and Bank of America . Regulators shuttered New York-based Signature Bank days later in an effort to stall a potential banking crisis. Booker and Warnock said banking customers whose paydays fell between March 10 and March 13 were unable to receive or deposit checks from payroll providers banking with SVB and Signature Bank. Treasury Secretary Janet Yellen on Tuesday said the department is prepared to guarantee all deposits for financial institutions beyond SVB and Signature Bank if the crisis worsens.

☆ LIV ratings trail rival PGA Tour in first CW Network broadcasts
▼ + stars: | 2023-02-28 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

LIV Golf did not immediately respond to a request for comment. LIV Golf is the first sport to broadcast on the CW Network, after the two parties agreed a multi-year deal in January. Perry Sook, the chairman and CEO of CW Network parent company Nexstar, said on Tuesday's earnings call that the three-day tournament was viewed by more than 1.4 million across the network and its digital platform. "We're very pleased with our first weekend of LIV Golf," said Sook. Bankrolled by Saudi Arabia’s Public Investment Fund, LIV Golf attracted some of the sport's biggest names with the promise of supersize paydays and a truncated schedule.

☆ The top 10 best U.S. cities for STEM careers, according to new research
▼ + stars: | 2023-02-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Despite recent mass tech layoffs , STEM careers have remained in high demand — and some cities are better than others for professionals in the field. Seattle, WATotal Score: 70.82Professional opportunities ranking: 1Quality of life ranking: 222. Austin, TXTotal Score: 67.33Professional opportunities ranking: 2Quality of life ranking: 103. Sacramento, CATotal Score: 60.16Professional opportunities ranking: 38Quality of life ranking: 32According to Jill Gonzalez, a WalletHub analyst, most of these cities have consistently remained the best places for STEM careers for almost a decade. The recent layoffs have only affected a small part of the total labor force and the STEM field encompasses more areas than just tech.

☆ LIV Golf reaches U.S. broadcasting deal with CW Network
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

[1/3] Oct 29, 2022; Miami, Florida, USA; General view of the 18th green and clubhouse during the second round of the season finale of the LIV Golf series at Trump National Doral. Mandatory Credit: John David Mercer-USA TODAY SportsJan 19 (Reuters) - LIV Golf secured the United States television deal it had been seeking, announcing on Thursday that the CW Network will broadcast all 14 events of the Saudi-backed series. Beginning this year the CW Network will bring the rebel circuit's tournaments to 120 million households across the United States, LIV Golf said in a statement. "This is a momentous day for LIV Golf as this partnership is about more than just media rights," said LIV Golf CEO and commissioner Greg Norman. LIV Golf will play from February to September and features simultaneous team and individual play with golfers competing for an unprecedented $405 million in prize purses.

☆ The contender for tech's next big boom or bubble is here
▼ + stars: | 2023-01-13 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +5 min

It's the hunt for big paydays that keeps VC markets a little frothy when new tech like generative AI hits the scene. And a bubble is only a bubble in the rear-view — in the moment, it's just making sure you don't miss out on the future. Generative AI tools can be used to create a variety of texts and images like this one, which was produced by OpenAI's DALL-E 2. But could generative AI be the next bubble in tech? Click here to read whether the next tech bubble is already here.

☆ Tim Cook's pay is falling 40% this year – but he's cool with it
▼ + stars: | 2023-01-12 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Tim Cook's 2023 pay package will be slashed by 40% to $49 million, according to an SEC filing. The cut was done at Cook's request after his paydays in previous years faced pushback among some shareholders. Last year, a top shareholder advisory firm encouraged Apple stockholders to vote against Cook's $99M pay. According to a filing by Apple with the SEC, Cook's target total compensation for 2023 will be $49 million, more than 40% below what he was paid in 2022. Last year, a top shareholder advisory firm urged Apple investors to vote against Cook's pay package, which totaled nearly $99 million for 2021, or 1,447x the median salary of an Apple employee.

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☆ Wall Street titan Apollo has a new class of dealmakers. Here's how 3 rose to partner while in their 30s.
▼ + stars: | 2022-11-17 | by ( Casey Sullivan | Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

He persevered through the brutal all-nighters, the perplexing spreadsheets, and the temperamental bosses who walked the halls of the midtown Manhattan investment firm. At Apollo, executives tend to grow up quickly. Some of their former colleagues have tried to make more money elsewhere, such as the hedge funds run by billionaire personalities that Apollo's executives quietly root against. Associates sometimes dealt with burnout from heavy workloads and demanding bosses by escaping for a walk through Central Park to let off steam, according to the former firm associates. We're Rayman Apollo!'"

☆ EXCLUSIVE Activist Impactive eyes proxy fight at Envestnet amid sluggish stock price
▼ + stars: | 2022-11-15 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Impactive is now ratcheting up the pressure on Envestnet, which provides technology and automation software for financial advisors and banks. In a letter to the board, seen by Reuters, Impactive wrote it sees "no choice but to consider nominating a slate of directors" to help correct a string of failures, including a sluggish share price. Impactive criticized the board for failing to evaluate what the returns would be on the spending. But Envestnet roundly rejected Impactive's earlier suggestions that Wolfe join its board, saying she is "not a good fit." Impactive disagrees and wrote that its record on boards has spanned years and "led to over 30% annualized returns for Impactive."

☆ How much college athletes are getting paid from NIL deals with brands, according to 4 creators
▼ + stars: | 2022-11-11 | by ( Colin Salao | ) www.businessinsider.com time to read: +1 min

Four student-athletes told Insider how much they've made from NIL and how they've secured deals. Deals ranged in value from free stuff to a few thousand dollars per post, depending on the athlete's reach. But there are about half a million NCAA athletes with differing skill-levels, reach and influence, and this affects the size of their NIL endorsements. Betts has since secured dozens of NIL deals and shared with Insider the email template and resume he uses to pitch to brands. He's one of four student-athletes from different NCAA divisions who shared with Insider how much they've made and how they've secured their NIL deals.

☆ Q4 is typically full of big paydays for creators, but this year they're having mixed results
▼ + stars: | 2022-11-10 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +5 min

Here are the trends in Q4 marketing deals and ad rates this holiday season. The last quarter of the year is typically the busiest season for influencers, with holiday campaigns and end-of-year deals leading to lucrative payouts. While some are seeing brands spend more than ever, others say the number of deals — and the dollar amounts — have held steady compared to last year. In 2020, for instance, some holiday campaigns began as early as August. Johnson said typically his team begins working on holiday campaigns in early to mid-September.

☆ Chime cuts 12% of its workforce, adding to recent wave of tech layoffs
▼ + stars: | 2022-11-03 | by ( Riley De León | ) www.cnbc.com time to read: +1 min

Chime is one of the latest private tech firms to announce layoffs amid a worsening economic outlook and a recent wave of cuts from both public and private companies. Chime offers fee-free banking, early paydays for those with direct-deposit and a feature that lets users go negative in their accounts without overdraft fees. The company became profitable on an EBITDA basis during the pandemic, co-founder and CEO Chris Britt told CNBC in September of 2020. Private, venture-backed tech companies aren't immune to these conditions either. Like Chime, online payments giant Stripe and NFT platform Dapper Labs also announced sizeable headcount reductions on Thursday.

☆ New York City's pay-transparency law is coming. Wall Street's big paydays will stay secret, but other changes could shake up finance.
▼ + stars: | 2022-10-27 | by ( Danielle Walker | ) www.businessinsider.com time to read: +8 min

With so much Wall Street pay linked to bonuses, the law has less bite for financial-services firms. A new salary-transparency law is about to take effect in New York City, the nation's financial capital. Will law firms take advantage of the ambiguities of the law?" "I think banks have unique problems because they have so many administrative employees. 'No way to post bonuses up front'In April, the group and chambers of commerce for the city's five boroughs sent a joint letter to the New York City Council.

☆ U.S. households await winter with dread due to high energy costs
▼ + stars: | 2022-10-20 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Across the U.S., families are looking to the winter with dread as energy costs soar and fuel supplies tighten. The National Energy Assistance Directors Association says energy costs will be the highest in more than a decade this winter. The pain will be especially acute in New England, which is heavily reliant on heating oil to keep homes warm. It’s projected to cost more than $2,300 to heat a typical home with heating oil this winter, the energy department said. But that level represents an overall reduction from last year, when federal pandemic relief pushed the total energy assistance package past $8 billion.

☆ It’s a scary time in Hollywood. But the horror studio behind hits like ‘Halloween Ends’ is making a killing
▼ + stars: | 2022-10-14 | by ( Frank Pallotta | ) edition.cnn.com time to read: +5 min

That includes hits like “Get Out,” “The Black Phone,” “The Purge,” “Paranormal Activity,” and the rebooted “Halloween” trilogy. “Halloween Ends,” the trilogy’s final film, hits theaters and streaming this weekend. Scary low budgets, scary good results"Get Out" was one of Blumhouse's biggest commercial and critical hits. For Jason Blum, the company’s CEO and founder, making movies on low budgets is more than just about saving money. “We’re really known for low budgets because low budgets are profitable,” he told CNN Business.

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