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🎮 Microsoft‘s Xbox video game division is laying off 3,200 workers, about 20% of its workforce, in “the most significant restructure” in its 25-year history, CEO Asha Sharma announced this morning.
🏌️ Versant Media Group has acquired sports tech firm Full Swing for $530 million in cash, expanding its portfolio of businesses operating outside of traditional linear TV.
💰 Angel Studios posted its best opening for a live-action feature with Jon Erwin’s historical period pic, Young Washington, which conquered its $15M forecast with a $20.8M debut. The company also announced a sequel titled 1776.
⚽️ European soccer body UEFA is the latest to weigh in on FIFA‘s controversial decision to overturn U.S. soccer star Folarin Balogun’s red card suspension. In a remarkable message just posted to its site, UEFA tore into world soccer body FIFA, saying it had "crossed a red line" and described the move as “unprecedented, incomprehensible and unjustifiable.”
✋ Netflix has published an op-ed in which it lays out why it is challenging proposed new spending obligations on the streamer in France and why it wants to introduce an investment cap on streamer obligations in the territory.
☑️ There’s change afoot at Arcade, the creator management company that represents The Sidemen. Former Vice Media EMEA boss Matt Elek has been named CEO, with current boss and co-founder Jordan Schwarzenberger stepping away from the day-to-day running of the company.
🎭 Michelle Dockery is returning to the London stage after a seven-year absence to star in playwright Ava Pickett’s new Bloodsport: After Helen of Troy.
🤝 Netflix has hired Mohammed Adnan, a development producer on HBO Max’s Harry Potter 20th Anniversary: Return to Hogwarts, as manager of documentary series in the U.S.