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NEW YORK (AP) — A stage production of Ta-Nehisi Coates’ “Between the World and Me,” his prize winning book about racism and police violence, is being adapted by HBO for a special this fall. HBO announced Thursday that the program will feature readings from Coates’ book and will be directed by Apollo Theater Executive Producer Kamila Forbes. She directed the stage production of “Between the World and Me″ in 2018 at the performance center in Harlem. Coates’ book, published in 2015, is structured as an open letter to his son about what to expect as a Black man living in the United States. 600
NEW YORK (AP) — Netflix added a flood of new subscribers amid the coronavirus pandemic and also offered clues to a possible successor for founding CEO Reed Hastings, who on Thursday named the company’s chief content officer, Ted Sarandos, as co-CEO. The company picked up 10.1 million worldwide subscribers during the April-June period, more than triple what it usually adds in that period. The increase announced Thursday with Netflix’s second-quarter earnings eclipsed the gain of 8.3 million subscribers projected among analysts polled by FactSet. Netflix ended June with 193 million worldwide subscribers, including 70 million in the U.S. and Canada, its largest geographic market.Nearly 26 million of those subscribers have joined Netflix during the first six months of this year — more than double the number compared with last year — as the pandemic curtailed travel and even nights out on the town. The restrictions have turned out to be a boon for Netflix, which also faces a slew of new streaming competitors such as Disney Plus and HBO Max.Netflix Inc., however, said its subscriber growth has begun to slow following the “initial shock of Covid and social restrictions” after it added just 2 million fewer customers in the past six months as it did for all of 2019. It forecasts just 2.5 million new additions for the current quarter.The pandemic has shut down Hollywood, limiting the ability of TV and movie studios to produce more entertainment to feed Netflix and other video streaming services. That could limit their appeal if viewers run out of new things to watch. Netflix said Thursday that it is slowly resuming production, mostly in Asia and Europe, and its 2020 lineup remains intact. Shooting delays mean big shows and movies slated for next year will come out more in the second half of 2021. 1825
NEW YORK — A federal appeals court ruled Wednesday morning that New York District Attorney Cyrus R. Vance Jr. can get access to President Donald Trump's personal and corporate tax returns.The ruling by a three-judge panel in New York rejected the president’s argument that the subpoena for his taxes should be blocked because it was too broad, and could be seen as political harassment from the DA.Vance says his office will not enforce the subpoena for 12 days in exchange for the president’s lawyers agreeing to move quickly, according to the New York Times.It has been over a year since the district attorney first subpoenaed eight years of Trump’s tax returns and other financial records as part of an investigation into the president’s business practices.Wednesday’s decision is the fifth time courts have rejected Trump’s attempts to block the subpoena. His lawyers are expected to appeal the ruling to the United States Supreme Court.Vance has not revealed the details of his office’s investigation, however court papers suggest they are looking at a range of potential crimes including tax and insurance fraud and falsification of business records, according to the New York Times. 1197
NEW YORK, N.Y. – Peloton has issued a recall for some of its bike pedals due to a laceration hazard.Thursday, that home fitness company said about 54,000 of its PR70P clip-in pedals are being recalled. They’re the first-generation pedals fitted on Peloton bikes sold between July 2013 and May 2016.The company has received at least 120 reports of pedals breaking, including 16 reports of leg injuries, five of which required medical care, according to the U.S. Consumer Product Safety Commission.The Peloton logo and the word "PELOTON" are molded into the pedal body. An orange Peloton symbol and white lettering spelling "PELOTON" are also printed on the top of the cleat binding. They were fitted on bikes that sold for about ,000.Peloton says anyone with these pedals should stop using them immediately and that it’s notifying all affected consumers directly on how to receive free replacement pedals, along with instructions for self-installation.Peloton says its pedals are warranted for one year and all remaining PR70P clip-in pedals in service are out of warranty. The company recommends consumers replace their pedals annually. 1146
NEW YORK — New York’s attorney general has sent a subpoena to the Trump Organization for records related to consulting fees paid to Ivanka Trump as part of an investigation into the president’s business dealings. That's according to a law enforcement official who spoke to The Associated Press Thursday on condition of anonymity. The New York Times reported that a similar subpoena was sent to President Donald Trump’s company by the Manhattan district attorney, who is conducting a parallel probe. The records requests followed recent reporting in The Times, based partly on two decades’ worth of Trump’s tax filings, that the president had reduced his company’s income tax liability over several years by deducting million in consulting fees as a business expense.Records strongly suggested, The Times reported, that 7,622 of those fees had been paid to Ivanka Trump, the president’s daughter, through a company she owned at a time when she was also a Trump Organization executive.If true, that wouldn’t necessarily pose a problem for Ivanka Trump herself, as long as she paid income tax on the consulting payments, which she reported publicly.It could, however, raise questions about whether the Trump Organization’s related tax deductions were allowable. The Internal Revenue Service has, in the past, pursued civil penalties over large consulting fee write-offs it found were made to dodge tax liability.Ivanka Trump tweeted that the subpoenas were “harassment pure and simple.” 1498