(AOF) – The media group AMC Entertainment, at the origin in particular of the series “The Walking Dead” will record a restructuring charge of 350 to 475 million dollars linked to the elimination of approximately 20% of its workforce. Christina Spade, who had served as the cable network’s CEO since September, has stepped down as management searches for a successor. As of December 31, AMC had 1,739 full-time employees and 287 part-time employees.
While the sluggish advertising market has weighed on the company’s business, the streaming division is doing well, with revenue jumping 41% in the last quarter as the company’s overall revenue fell 16 %.
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Out of the crisis for the cruise
The recovery is tangible in Europe. MSC Cruises, the leading European company, resumed operation of its entire fleet in June, i.e. 19 cruise ships – including 14 in the Mediterranean. Similarly, the Costa group, a subsidiary of the American cruise giant Carnival, should operate all of its liners (24 in number) by the end of the year. On the other hand, China remains on the sidelines of the general movement, due to its extremely restrictive health policy. The Cruise Lines International Association (CLIA) expects the industry to return to its 2019 record traffic of a total of 32 million cruise passengers by the end of 2023.