Grammy awards postponed due to COVID-19 surge – The 2021 Grammy Awards will be moved from its original date (January 31). Organizers are looking at a date in March. [Rolling Stone]
AMC seeking $550 million lifeline – AMC CEO said the company had raised just over $200 million of the $750 million it needs to fund cash requirements. The company is in the process of attempting to renegotiate its rent payments with landlords. The goal is to receive rent reductions, abatements and deferrals. [CNBC]
How ViacomCBS is managing the transition from linear TV to streaming – The big switch from CBS All Access branding to Paramount+ is still in the works. ViacomCBS will “have to deal with the dilemma of how to build up its streaming business quickly but not so quickly as to tear down the linear TV business that is the company’s cash cow.” [Digiday]
Social platforms are starting to resemble each other – Many of the social platforms’ new offerings are a nod to TikTok, 2020’s breakout social star. That’s a major shift from previous years when the social networks tried to attract audiences by differentiating themselves. The new features may not stay as each platform figures out what works for their users. (Twitter Fleets, anyone?) [eMarketer]
Game industry watchers give 2021 predictions – Nintendo Switch won’t run out of steam in 2021, in fact it will lead console sales and may get a hardware refresh, according to one of the panelists [gamesindustry.biz]
