>>Fox News, Dominion Settle Defamation Lawsuit
(Wilmington, DE) -- There will be no trial in Dominion Voting System's defamation lawsuit against Fox News. Dominion sued Fox News for one-point-six-billion dollars for allegedly spreading misinformation about their voting machines after the 2020 election. The two sides on Tuesday reached a settlement of 787-million dollars.
>>Fox News Still Faces $2.7B Defamation Suit
(New York, NY) -- After settling a defamation lawsuit from Dominion Voting Systems for more than three-quarters of a billion dollars, Fox News still faces a two-point-seven-billion-dollar lawsuit from another company. Smartmatic, which is another voting technology company, says Fox News spread lies that decimated its business. Its suit was filed back in February of 2021, alleging that Fox shared false info from former President Trump and his supporters that the company played a role in his 2020 election loss. >>BoA CEO Brian Moynihan Expects Mild Recession (New York, NY) -- The head of one of the nation's largest banks expects to see only a slight recession in the U.S. Bank of America CEO Brian Moynihan said all indicators point to a "relatively mild recession." He made the comment during the bank's quarterly earnings call. Moynihan noted the Bank of America's research team is calling for a mild downturn given the Federal Reserve's aggressive rate hikes.
>>More Layoffs On Wall Street
(New York, NY) -- There are more layoffs set to hit Wall Street. Accounting giant Ernst & Young plans to cut about three-thousand jobs in the U.S. The move comes after the company stopped efforts to split its auditing and consulting businesses. The job cuts represent about five-percent of its U.S. workforce.
>>Netflix To Stop Sending DVDs This Year
(Los Gatos, CA) -- Netflix is ending its DVD-by-mail service. On Tuesday the company announced customers will no longer be able to receive DVD rentals after September 29th, 2023. Netflix has mailed out over five-billion DVDs since the programs inception in 1998. However revenue from DVD rentals has steadily declined over the years as the company pushed members toward its streaming service, and only represented half a percent of Netflix's total revenue in 2022. Co-CEO Ted Sarandos thanked everyone who ever used the service and said it's been "an incredible 25 year run."
>>Amazon Prime Video Debuts "Dialogue Boost" Feature
(Seattle, WA) -- Amazon is hoping to make it easier to understand the dialogue heard in its movies and shows. A new feature called Dialogue Boost is now available on select Amazon Prime Video original movies and series. It allows viewers to increase the volume of what's being said in relation to background music and effects. At launch, Dialogue Boost can be used on series like "The Marvelous Mrs. Maisel" and "Tom Clancy's Jack Ryan" along with films such as "The Big Sick" and "Being the Ricardos." Amazon said the feature will be available on more titles throughout the year.
