MTV Entertainment Group Commits $250 Million to Drive Content From Women- and BIPOC-Owned Production Companies

Actor, director

Already on an awards tear, King made her feature film directorial debut with “One Night in Miami,” which premiered at the Venice Film Festival, and then proceeded to pick up her fourth Emmy — this time for her performance in “Watchmen” — two weeks later. There are normal mid-career Hollywood renaissances, and then there’s whatever you call King’s past half-decade. A working actor since the mid-1980s, with roles in “Boyz N the Hood,” “Friday” and “Jerry Maguire,” King has won a Golden Globe and an Oscar for acting in addition to her Emmys within the past five years. Adapted from Kemp Powers’ play, “One Night in Miami” features a speculative imagining of a real-life 1964 meeting of the minds between Malcolm X, Sam Cooke, Jim Brown and boxer Cassius Clay, soon to change his name to Muhammad Ali. King had directed TV episodes before, but her debut feature offered plenty of fresh wrinkles. “The biggest challenge was to make it not feel like a play,” King says. “That outcome may have been inevitable in certain moments. But I felt Kemp’s dialogue was so powerful that with the right actors those moments, if they came up, would be forgiven. We spend quite a bit of time in one room. So we decided to use artistic license and make the room considerably bigger than what the actual room would have been. To help lean into the vitality of these men, we decided to keep the camera moving at all times throughout the film.” Featuring discursive, playful and, at times, incendiary exchanges between these four famous men, “Miami” often can’t help but feel like it’s speaking directly to the present moment, which was something King didn’t hesitate to lean into. “The discussions between Malcolm and Sam were happening before anyone knew about a Malcolm X or a Sam Cooke, so for Black people the moment is always now, regardless of what year the conversation is taking place.” And for that reason, King felt it important to move full-steam ahead with the film’s rollout — it will receive a limited Christmas release before hitting Amazon Prime in early January — despite the pandemic. “With all of the devastation we are in the midst of, I believe we are at a precipice,” King says. “We felt strongly that if this film can have a positive impact on anyone at this juncture, we should get it out there.” — Andrew Barker

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Arcadia Group gift cards now worth only half the purchase value

Shoppers holding gift cards and vouchers for the collapsed Arcadia Group’s brands have been told that they will only be able to use them for half the price of their purchase cost.



a group of people standing in front of a store: Photograph: Guy Bell/REX/Shutterstock


© Provided by The Guardian
Photograph: Guy Bell/REX/Shutterstock

On Wednesday, consumers who held gift cards for the group’s brands, which include Topshop, Topman, Miss Selfridge, Dorothy Perkins, Evans and Burton, reported that they were unable to use them to make purchases, and the company said a technical issue was to blame.



text: A Top Shop store on Oxford Street, London, on 2 December.


© Photograph: Guy Bell/REX/Shutterstock
A Top Shop store on Oxford Street, London, on 2 December.

When the system is back up and running, it said customers would not be able to use them to cover their entire value but could only put them towards a purchase.

Related: How will you be impacted by the collapse of Arcadia Group?

The group fell into administration on Monday, but is still trading in shops and online.

Administrators are not obliged to honour gift cards and vouchers, and holders are creditors who would be in the queue for a payment when the business is wound up.

However, administrators for HMV caused a storm when they announced that they would refuse the cards, and were forced to go back on the decision. Customers are typically allowed to use them until stores close.

Holders of Arcadia’s cards and vouchers have been told they will still be honoured, but they cannot be used to cover more than 50% of their purchase. Someone with a £20 voucher, for example, would have to spend £40 to use it up.

A spokeswoman for Arcadia said it was not currently able to accept gift cards due to a “temporary technical issue” which should be resolved within days, if not sooner.

“Gift cards remain valid and, once functionality resumes, customers will be able to use them in store and online for up to 50% of the balance of the total purchase,” she added.

BHS made a similar change to its cards when it went into administration in 2016.

Despite high profile failures on the high street, the gift card market is still booming.

Research by the Gift Card and Voucher Association found that UK consumers spent £4.65bn on buying gift cards in 2019, with 60% of the market in those for single retailers.

However, it noted that multistore gift cards were making up ground, “reflecting both a less loyal shopper and one that has become slightly more wary of brands falling out of the market”.

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Business group asks employees to model anti-virus measures

COLUMBUS, Ohio (AP) — A leading Ohio business group on Tuesday asked employees to model best practices for reducing the spread of the coronavirus as it warned of the impact the current spike in cases could have on the economy.

The Ohio Business Roundtable, a nonprofit organization of big economy chief executive officers, wants workers to encourage mask wearing at any gathering outside immediate family, avoid large gatherings such as game day celebrations, and reconsider indoor holiday parties.

“This is not a choice between our health and a strong economy; the two are strongly connected,” said Pat Tiberi, the roundtable’s president and CEO and a former longtime Republican congressman. The group dubbed the effort the Coalition to Stop the Spread.

The announcement came as Ohio’s economy continues to show signs of weakness. Last week, the state said 30,177 Ohioans filed initial claims for unemployment compensation, a 21% jump from the week before. The state also said 263,737 people filed claims for continued unemployment, a 4% increase from the previous week and a figure considered a better indicator of economic strength.

The 7-day rolling average of daily new cases in Ohio has risen over the past two weeks from 7,199 new cases per day on Nov. 16 to 8,251 new cases per day on Nov. 30, according to an Associated Press analysis of data provided by The COVID Tracking Project.

More than 5,200 people were hospitalized with the coronavirus on Tuesday, another record.

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Tiger Group Online Auction Features Late-Model Equipment from CBD and Cannabis Manufacturer

LOS ANGELES, Dec. 1, 2020 /PRNewswire/ — Tiger Group will be holding an online auction on Dec. 9 of late-model equipment surplus to the ongoing operations of a leading CBD and cannabis manufacturer.

The auction features well-maintained equipment, including:

  • 2017 Agilent lntuvo 9000 Gas Chromatography System, complete with 7697A Headspace Sampler
  • 2017 Agilent Ultivo Triple Quadrupole LC/MS System
  • 2018 Tuttnaur Autoclave, Model EZ11-Plus
  • Laminar Flow Station
  • 2017 Waters Preparatory System, Model SFC 350

“We are pleased to be selling late-model equipment from this industry-leading company that can crossover to multiple industries, including CBD, pharmaceutical and industrial,” noted Jonathan Holiday, Director of Business Development, Tiger Commercial & Industrial. “Many of these assets have had minimal usage and were purchased just in the past few years. As the CBD industry  heads into 2021 with a far more positive outlook, this sale presents an excellent opportunity for companies to buy manufacturing equipment that will help meet the anticipated rise in demand.”

Online bidding at SoldTiger.com will close on Wednesday, December 9, at 10:30 a.m. (PT). All bidders are required to register prior to the sale at SoldTiger.com.

Previews are available by appointment only on Tuesday, December 8, from 10 a.m. to 4 p.m. (ET) in Utica, New York, and 10 to 4 p.m. (PT) in Sparks, Nevada.

To arrange an appointment, contact Jonathan Holiday at (805) 367-3893, [email protected]

For a complete listing of the assets, visit  www.soldtiger.com

Media Contacts: At Tiger Commercial & Industrial: Jonathan Holiday, (805) 367-3893, [email protected] At Jaffe Communications: Bill Parness, [email protected] (732) 673-6852, or Elisa Krantz, [email protected] ,(908) 789-0700.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/tiger-group-online-auction-features-late-model-equipment-from-cbd-and-cannabis-manufacturer-301182491.html

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Philip Green’s Arcadia UK fashion group falls into administration

LONDON (Reuters) – British tycoon Philip Green’s Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the country’s biggest corporate casualty of the COVID-19 pandemic so far.

Pedestrians walk past a Topshop store, owed by Arcadia group on Oxford street in London, Britain, November 30, 2020. REUTERS/Simon Dawson

Deloitte said late on Monday it had been appointed Arcadia’s administrator and would seek buyers for the group’s brands: Topshop, Topman, Dorothy Perkins, Wallis, Miss Selfridge, Evans, Burton and Outfit.

The group trades from 444 leased sites in the United Kingdom and 22 overseas.

Deloitte said Arcadia’s stores would continue to trade, its online platforms would remain operational and supplies to concession partners would continue.

It said no redundancies were being immediately announced.

“We will be rapidly seeking expressions of interest and expect to identify one or more buyers to ensure the future success of the businesses,” said Matt Smith, Deloitte’s joint administrator.

Green, who was pictured over the weekend in Monaco where his 100 million pound ($133.26 million) super yacht Lionheart is docked, acquired Arcadia for 850 million pounds in 2002.

He had no immediate comment but his CEO laid the blame for Arcadia’s demise firmly on the pandemic.

“In the face of the most difficult trading conditions we have ever experienced, the obstacles we encountered were far too severe,” said Ian Grabiner.

Britain’s Business minister, Alok Sharma, said the administration was “incredibly sad news” and the UK government would support those affected.

While COVID-19 lockdowns pushed Arcadia over the edge, it has struggled in recent years, underinvesting and failing to keep pace with competitors in an increasingly online retail sector.

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Its brands were squeezed between the likes of Inditex’s Zara, H&M, and Primark and online-only players ASOS and Boohoo.

A restructuring deal was approved by creditors last year, cutting rents and closing stores, but proved only a temporary respite.

SALE PROCESS

Mike Ashley’s Frasers Group said on Monday it was interested in participating in any Arcadia sale process.

Topshop, once the go-to destination for teenagers and fashion lovers, is regarded by analysts as Arcadia’s most attractive asset.

Media reports have also identified Marks & Spencer, Next and Boohoo, as well as private equity players, as potential bidders for individual brands. All three companies declined to comment.

Arcadia’s collapse could have a knock-on impact on the future of department store chain Debenhams, which is already in administration and employs 12,000.

Arcadia is one of Debenhams’ biggest concession holders.

Shares in JD Sports Fashion, which has been linked with a takeover of Debenhams, closed up 5.9%, indicating it was losing interest. Shares in Frasers closed down 5.7%.

PENSION FUND DEFICIT

Arcadia’s workforce also faces uncertainty over a deficit in the company’s pension fund, estimated by analysts at about 350 million pounds.

As part of last year’s restructuring Arcadia agreed to provide 210 million pounds of security over property assets to the pension schemes, while Tina Green, Philip’s wife and the ultimate

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Philip Green’s Arcadia UK Fashion Group Falls Into Administration | Investing News

LONDON (Reuters) – British tycoon Philip Green’s Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the country’s biggest corporate casualty of the COVID-19 pandemic so far.

Deloitte said late on Monday it had been appointed Arcadia’s administrator and would seek buyers for the group’s brands: Topshop, Topman, Dorothy Perkins, Wallis, Miss Selfridge, Evans, Burton and Outfit.

The group trades from 444 leased sites in the United Kingdom and 22 overseas.

Deloitte said Arcadia’s stores would continue to trade, its online platforms would remain operational and supplies to concession partners would continue.

It said no redundancies were being immediately announced.

“We will be rapidly seeking expressions of interest and expect to identify one or more buyers to ensure the future success of the businesses,” said Matt Smith, Deloitte’s joint administrator.

Green, who was pictured over the weekend in Monaco where his 100 million pound ($133.26 million) super yacht Lionheart is docked, acquired Arcadia for 850 million pounds in 2002.

He had no immediate comment but his CEO laid the blame for Arcadia’s demise firmly on the pandemic.

“In the face of the most difficult trading conditions we have ever experienced, the obstacles we encountered were far too severe,” said Ian Grabiner.

While COVID-19 lockdowns pushed Arcadia over the edge, it has struggled in recent years, underinvesting and failing to keep pace with competitors in an increasingly online retail sector.

Its brands were squeezed between the likes of Inditex’s Zara, H&M, and Primark and online-only players ASOS and Boohoo.

A restructuring deal was approved by creditors last year, cutting rents and closing stores, but proved only a temporary respite.

Mike Ashley’s Frasers Group said on Monday it was interested in participating in any Arcadia sale process.

Topshop, once the go-to destination for teenagers and fashion lovers, is regarded by analysts as Arcadia’s most attractive asset.

Media reports have also identified Marks & Spencer, Next and Boohoo, as well as private equity players, as potential bidders for individual brands. All three companies declined to comment.

Arcadia’s collapse could have a knock-on impact on the future of department store chain Debenhams, which is already in administration and employs 12,000.

Arcadia is one of Debenhams’ biggest concession holders.

Shares in JD Sports Fashion, which has been linked with a takeover of Debenhams, closed up 5.9%, indicating it was losing interest. Shares in Frasers closed down 5.7%.

Arcadia’s workforce also faces uncertainty over a deficit in the company’s pension fund, estimated by analysts at about 350 million pounds.

As part of last year’s restructuring Arcadia agreed to provide 210 million pounds of security over property assets to the pension schemes, while Tina Green, Philip’s wife and the ultimate owner of Arcadia, agreed to contribute 100 million pounds to the schemes over three years.

“This is awful news for thousands of Arcadia employees just before Christmas,” said opposition Labour Party leader Keir Starmer.

“Philip Green should do the right thing and fill the Arcadia pension deficit.”

If he does not

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Group Seeking Equality for Women in Tech Raises $11 Million

SAN FRANCISCO — Two years ago, fed up with stories of harassment and discrimination in Silicon Valley, a group of female venture capitalists formed a nonprofit called All Raise to focus on women’s equality.

This week, the group raised $11 million toward a target of $15 million from backers including Pivotal Ventures, the investment firm of Melinda Gates; the Reid Hoffman Foundation; and GGV Capital. The money will fund expansion plans for the next three years, said Pam Kostka, All Raise’s chief executive. It previously raised $4 million in 2018.

“We’re moving as aggressively as we can to change the ecosystem,” Ms. Kostka said.

In two years, All Raise built a network of 20,000 people across four U.S. tech hubs. The industry began adding more female investors, who now make up 13 percent of the venture industry, compared with 9 percent before. All Raise said it aimed to help push that number to 18 percent by 2028.

Yet many challenges remain. Roughly two-thirds of venture capital firms still have no female partners. Venture capital funding going to women entrepreneurs stagnated over the last year at around 12 percent. Women own just 11 percent of founder and employee equity in start-ups, according to a study conducted by Carta, a financial technology start-up.

And by some measures, harassment has worsened, according to a recent survey from Women Who Tech, a nonprofit. Forty-four percent of female founders said they had been harassed. Two-thirds said they had been propositioned for sex, up 9 percent from 2017, and one-third said they had been groped, up 7 percent from 2017.

More broadly, bigger tech companies, which began publishing diversity statistics on their work forces six years ago and have poured millions of dollars into diversity efforts, are nowhere close to gender parity and have shown even less progress on hiring more Black and Latino workers. This year, the World Economic Forum concluded that it would take women 257 years to close the employment gender gap across all industries, compared with its previous estimate of 202 years.

“We are not going to take hundreds of years of stereotyping and systemic oppression and turn that around overnight,” Ms. Kostka said. “But are we making more tangible progress? Yes.”

All Raise helps peer groups, boot camps, and mentorship programs for female and nonbinary investors and founders. It also produces data reports on the start-up industry, publishes a directory of vetted speakers and runs a program for Black female founders, When Founder Met Funder. With the new money, it plans to establish chapters in more cities and offer more programs, which it said were “oversubscribed.”

Ms. Kostka said the demand for All Raise’s programs showed that the tech industry’s lack of diversity was not caused by a lack of talent or interest from women and minorities. “We don’t have a pipeline problem,” she said. “We have a talent network problem.”

At a summit in October, 700 of its members gathered online for a virtual networking event. The mood was celebratory

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Group Seeking Equality for Women in Tech Raises $15 Million

SAN FRANCISCO — Two years ago, fed up with stories of harassment and discrimination in Silicon Valley, a group of female venture capitalists formed a nonprofit called All Raise to focus on women’s equality.

This week, the group raised $15 million from backers including Pivotal Ventures, the investment firm of Melinda Gates; the Reid Hoffman Foundation; and GGV Capital. The money will fund expansion plans for the next three years, said Pam Kostka, All Raise’s chief executive. It previously raised $4 million in 2018.

“We’re moving as aggressively as we can to change the ecosystem,” Ms. Kostka said.

In two years, All Raise built a network of 20,000 people across four U.S. tech hubs. The industry began adding more female investors, who now make up 13 percent of the venture industry, compared with 9 percent before. All Raise said it aims to help push that number to 18 percent by 2028.

Yet many challenges remain. Roughly two-thirds of venture capital firms still have no female partners. Venture capital funding going to women entrepreneurs stagnated over the last year at around 12 percent. Women own just 11 percent of founder and employee equity in start-ups, according to a study conducted by Carta, a financial technology start-up.

And by some measures, harassment has worsened, according to a recent survey from Women Who Tech, a nonprofit. Forty-four percent of female founders said they had been harassed. Two-thirds said they had been propositioned for sex, up 9 percent from 2017, and one-third said they had been groped, up 7 percent from 2017.

More broadly, bigger tech companies, which began publishing diversity statistics on their work forces six years ago and have poured millions of dollars into diversity efforts, are nowhere close to gender parity and have shown even less progress on hiring more Black and Latino workers. This year, the World Economic Forum concluded that it would take women 257 years to close the employment gender gap across all industries, compared with its previous estimate of 202 years.

“We are not going to take hundreds of years of stereotyping and systemic oppression and turn that around overnight,” Ms. Kostka said. “But are we making more tangible progress? Yes.”

All Raise helps peer groups, boot camps and mentorship programs for female and nonbinary investors and founders. It also produces data reports on the start-up industry, publishes a directory of vetted speakers and runs a program for Black female founders, When Founder Met Funder. With the new money, it plans to establish chapters in more cities and offer more programs, which it said were “oversubscribed.”

Ms. Kostka said the demand for All Raise’s programs shows the tech industry’s lack of diversity is not caused by a lack of talent or interest from women and minorities. “We don’t have a pipeline problem,” she said. “We have a talent network problem.”

At a summit in October, 700 of its members gathered online for a virtual networking event. The mood was celebratory as Ms. Kostka rattled off success stories

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Retail trade group says holiday sales could increase as much as 5.2% this year despite the pandemic thanks to a boom in online shopping



a person holding a stop sign in front of a store: Even as the pandemic upends norms of the holiday shopping season, retailers will top last years' sales according to a new forecast. MARK RALSTON/AFP/Getty Images


© MARK RALSTON/AFP/Getty Images
Even as the pandemic upends norms of the holiday shopping season, retailers will top last years’ sales according to a new forecast. MARK RALSTON/AFP/Getty Images

  • The National Retail Federation, a trade group, said Monday that it’s expecting holiday sales to grow by up to 5.2% over 2019. 
  • The pandemic-fueled boom in e-commerce will be a massive boon to holiday sales, with non-store sales climbing by 20% to 30% this year by the NRF’s estimates. 
  • The organization cites rising home prices, record personal savings, and a strong stock market as factors that could increase spending throughout November and December. 
  • Visit Business Insider’s homepage for more stories.

Retailers may closeout 2020 with a bang even as the ongoing pandemic batters small stores and keeps shoppers out of brick-and-mortar locations, according to a new holiday sales forecast from a retail trade group.

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The National Retail Federation announced Monday that it projects November and December holiday sales to jump 3.6% to 5.2%, as compared with the same period last year. The organization expects total holiday sales in the neighborhood of $755.3 billion to $766.7 billion, excluding car dealers, gas stations, and restaurants. 

The NRF said it takes into account factors including wages, employment, previous retail sales, weather, disposable income, and consumer credit when making predictions about the upcoming holiday season. According to its model, a strong stock market, record personal savings, and rising home values may all boost retail spending, while a drop in spending on travel, entertainment, and other services severely impacted by the pandemic pads peoples’ disposable income. 

“Given the pandemic, there is uncertainty about consumers’ willingness to spend, but with the economy improving most have the ability to spend,” said Jack Kleinhenz, NRF’s chief economist, in a statement. “Consumers have experienced a difficult year but will likely spend more than anyone would have expected just a few months ago.”

Gallery: Here’s What Americans Have Been Buying (and Not Buying) Ahead of the Holiday Season (GOBankingRates)

Read more: Walmart announces three new sales events, as it looks to stretch Black Friday through November and hedge against an uncertain holiday season

Holiday sales in 2020 will also get a major lift from e-commerce, which has seen an unprecedented boom during the pandemic. Online sales saw a nearly 37% year-over-year growth in the third quarter, according to the NRF, and the organization expects shoppers will continue to rely on online shopping throughout the holidays. 

It forecasts that online and other non-store sales will jump by 20% to 30% over 2019, to a total of between $202.5 billion and $218.4 billion. 

Overall holiday sales grew 4% in 2019, and an average of 3.5% over the last five holiday seasons. 

The optimistic forecast comes as retailers enter a holiday shopping season that’s set to be more spread out than in years past. Many companies — including Walmart — are encouraging online shopping and spreading deals out over days and weeks in an effort to prevent overcrowding in stores. 

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