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NEW YORK (AP) — Video app TikTok said it would wage a legal fight against the Trump Administration's efforts to ban the popular, Chinese-owned service over national-security concerns.TikTok, which is owned by China's ByteDance, insisted that it is not a national-security threat and that the government is acting without evidence or due process.On Monday, the company said it would file suit against the government later Monday in federal court in California."Now is the time for us to act," the company said in a press release. "We do not take suing the government lightly; however, we feel we have no choice but to take action to protect our rights and the rights of our community and employees."A copy of the complaint could not be immediately obtained.President Donald Trump issued an executive order in August that imposed a sweeping but unspecified ban on any "transaction" with ByteDance, to take effect in mid-September.In recent weeks, the Chinese-owned app was in talks with Microsoft to purchase them, but with the lawsuit, TikTok switched gears is now going on the offensive. 1095
NEW YORK (AP) — Lord & Taylor is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the COVID-19 pandemic.Household retail names, many longtime anchors in malls nationwide, were already struggling to keep up with a radical reformation in what people buy, and where they buy it. Much of that activity has moved online.Thousands of store closures forced by the arrival of COVID-19 has proved too much.Lord & Taylor, which began as a Manhattan dry goods store in 1824, was sold to the French rental clothing company Le Tote Inc. last year. Both filed for bankruptcy protection, separately, in the Eastern Court of Virginia on Sunday. 745
NEW YORK (AP) — The Rolling Stones are postponing their latest tour so Mick Jagger can receive medical treatment.The band announced Saturday that Jagger was told by doctors "he cannot go on tour at this time." The band added that Jagger "is expected to make a complete recovery so that he can get back on stage as soon as possible."No more details about 75-year-old Jagger's condition were provided.The Stones' No Filter Tour was expected to start April 20 in Miami. Other stops included Jacksonville, Florida; Houston; the New Orleans Jazz Festival; Pasadena and Santa Clara in California; Seattle; Denver; Washington, D.C.; Philadelphia; Foxborough, Massachusetts; East Rutherford, New Jersey; Chicago; and Ontario, Canada."I really hate letting you down like this," Jagger tweeted Saturday. "I'm devastated for having to postpone the tour but I will be working very hard to be back on stage as soon as I can."Tour promoters AEG Presents and Concerts West advise ticketholders to hold on to their existing tickets because will be valid for the rescheduled dates. 1072
Netflix CEO Reed Hastings and his wife, Patty Quillin, are donating 0 million toward student scholarships at historically black colleges and universities. The couple is giving million to each of three institutions: the United Negro College Fund, Spelman College and Morehouse College. The organizations said it is the largest individual gift in support of student scholarships at HBCUs. Hastings has a history of supporting educational causes, including charter schools. He launched a 0 million education fund in 2016, beginning with money toward college scholarships for black and Latino students.Business leaders have pledged solidarity with the black community amid ongoing protests over police brutality. 726
NEW YORK (AP) — In a sign of how the pandemic is remaking Hollywood traditions, AMC Theatres and Universal Studios on Tuesday announced an agreement for a shortened theatrical window, with the studio’s films playing for a minimum of just 17 days in cinemas compared to the typical 90 days.Studios have increasingly sought to shorten that window and deliver new movies more quickly into the home.After 17 days, Universal Pictures and Focus Features will have the option to make their films available across premium video on demand platforms, including Netflix, Amazon Prime and AMC Theatres On Demand.“The theatrical experience continues to be the cornerstone of our business. The partnership we’ve forged with AMC is driven by our collective desire to ensure a thriving future for the film distribution ecosystem and to meet consumer demand with flexibility and optionality,” said Donna Langley, Chairman of Universal Filmed Entertainment Group in a press release.This deal applies to U.S. theaters, international distribution between the two companies is still being negotiated.AMC and other theater chains have struggled during the pandemic as businesses closed earlier this year and indoor spaces face state-by-state guidance on social distancing and reopening policies.AMC says this multi-year deal with Universal is a commitment and belief that customers will come back.“We would note that just as restaurants have thrived even though every home has a kitchen, AMC is highly confident that moviegoers will come to our theatres in huge numbers in a post-pandemic world. As people enjoy getting out of their homes, we believe the mystical escape and magical communal experience offered at our theatres will always be a compelling draw," said AMC CEO Adam Aron in a statement.Universal said they are working with AMC and other distribution partners on restarting theatrical releases, including upcoming installments of Fast & Furious, Jurassic World, Despicable Me, and others.Tuesday's agreement repairs a rift between AMC and Universal brought on by the on-demand release of “Trolls World Tour” in April. The new deal covers Universal films in the U.S. over the next three years. 2195