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INDUSTRY NEWS

YOUTUBE DONATES TO SLAIN JOURNO FOUNDATION: In the wake of serious criticism for an upcoming film Viper Club, YouTube is donating $40,000 and 50% of theatrical proceeds to a foundation dedicated to slain American journalist James Foley. His mother, Diane Foley, believes the film will endanger freelance conflict reporters like her son. Viper Club, about the practice and dangers of conflict journalism, also re-edited the film to address her concerns that it was skewed to reveal too much personal information about herself and her family. "In consultation with Diane and the board of the James W. Foley Legacy Foundation, we have chosen to adjust the film to better reflect the everyday realities for conflict journalists, their families and the incredible risks they undertake to tell important stories from some of the most dangerous places in the world," YouTube said in part in a statement to The Hollywood Reporter. The film, starring Susan Sarandon, hits theaters this Friday.

NETFLIX PLANS $2B BOND OFFERING: Netflix says it will raise $2 billion by offering bonds to qualified institutional buyers. The debt raised will be used to produce, acquire and develop content. The streaming giant’s annual spending has surged past $12 billion.

THE PRODIGY TEASER DROPS: Little Miles has something evil inside. Nicholas McCarthy’s Prodigy has dropped its first creepy teaser, starring Taylor Schilling as Sarah, described by the film as "a mother whose young son Miles’ disturbing behavior signals that an evil, possibly supernatural force has overtaken him. Fearing for her family’s safety, Sarah must grapple with her maternal instinct to love and protect Miles in favor of investigating what – or who – is causing his dark turn. She is forced to look for answers in the past, taking the audience on a wild ride; one where the line between perception and reality remains blurry." Jackson Robert Scotty also appears as Miles. The film lands February 8th, 2019.

RICHARD PARSONS STEPS DOWN FROM CBS: Richard Parsons has resigned from the CBS Corp. board of directors, and is relinquishing his role as interim chairman, which he took on when Les Moonves departed amid sexual misconduct claims. He cited health issues related to his fight with multiple myeloma. He is being replaces by Strauss Zelnick.