Pain in the New Year: Amazon Layoffs, Paramount Peril

Toast the New Year with RC Cola? It’s the kind of subpar beverage apropos to the first days of 2024, where a dreary Golden Globes (the RC Cola of Awards Shows) was celebrated for not being the lowest-rated in history; one of the most valuable companies in the world (Amazon) laid off hundreds in Hollywood, and one of the most storied studios (Paramount) has perched a semi-permanent “For Sale” sign out front. “It’s not a great way to start off the year,” says Elaine Low, who’s joins Sean McNulty and Richard Rushfield to survey the worsening landscape that — surprise! — may yet deliver some silver linings. Learn more about your ad choices. Visit megaphone.fm/adchoices