This combination of two file photos shows actors Robert De Niro at New York City's Radio City Music Hall on April 19, 2017 and Meryl Streep in Beverly Hills, Calif. on Jan. 17, 2018. (AP Photo/Charles Sykes, Chris Pizzello, File)
NEW YORK (AP) --
An agreement reached in the sale of Harvey Weinstein's movie studio won't leave Hollywood stars like Robert De Niro and Meryl Streep holding the bag.
Lantern Capital Partners said Friday it's agreed to make payments to unsecured creditors, such as actors seeking residuals, as part of a $289 million Weinstein Co. acquisition it expects to close Friday.
A judge must approve the deal. A Wednesday hearing is scheduled in Delaware.
De Niro and Bradley Cooper say they're each owed $940,706 for "Silver Linings Playbook." Streep says she's owed $168,611 for "August: Osage County."
The Weinstein Co. filed for bankruptcy protection in March amid fallout from sexual assault allegations against Weinstein.
The movie mogul is due in court Monday for arraignment on charges alleging a sex crime against a third woman.
Pepsi soft drinks in plastic bottles are on sale at a grocery store in New York on Weds., Nov. 15, 2023. (AP Photo/Ted Shaffrey, File)
PepsiCo confirmed Friday that it's ending some of its diversity, equity and inclusion initiatives, even as rival Coca-Cola voiced support for its own inclusion efforts.
In a memo sent to employees, PepsiCo CEO Ramon Laguarta said the company will no longer set goals for minority representation in its managerial roles or supplier base. The company will also align its sponsorships to events and groups that promote business growth, he said.
Laguarta wrote that inclusion remains important to PepsiCo, whose brands include Gatorade, Lay's potato chips, Doritos, Mountain Dew as well as Pepsi. The Purchase, New York-based company's chief diversity officer will transition to a broader role focused on employee engagement, leadership development and ensuring an inclusive culture, he said.
Since President Donald Trump returned to the White House last month, U.S. government agencies, companies and schools have rushed to reevaluate policies and programs they adopted with the goal of reducing discrimination against members of minority groups, women and LGBTQ+ people.
Trump ended DEI programs within the federal government and has warned schools to end DEI programs or risk losing federal money.
PepsiCo's rollback came as Coca-Cola reaffirmed support for its DEI efforts.
In its annual report, Atlanta-based Coke warned that its business could be negatively affected if it is unable to attract employees that reflect its broad range of customers.
"Failure to maintain a corporate culture that fosters innovation, collaboration and inclusion … could disrupt our operations and adversely affect our business and our future success," the company said.
Coca-Cola has set a goal of having women in 50% of its senior leadership roles by... Read More
