The Academy of Motion Pictures Arts and Science announced Wednesday that it has adopted its first code of conduct for its 8,427 members.
Film academy chief executive Dawn Hudson introduced the new rules to members in an email. In October, the academy broke with tradition and made Harvey Weinstein just the second person ever expelled from the Oscars' governing body.
The new code of conduct stipulates that the academy is no place for "people who abuse their status, power or influence in a manner that violates standards of decency."
The academy's board may now suspend or expel those who violate the code of conduct or who "compromise the integrity" of the academy.
The standards of conduct were drafted by a task force launched by the academy in October. It was formed after Weinstein was accused by dozens of women of sexual harassment and abuse. Weinstein, who won an Academy Award for "Shakespeare in Love," has denied all allegations of non-consensual sex.
Hudson told members that more details on the process by which offending members will be judged will be announced later.
Apple sells $46 billion worth of iPhones over the summer as AI helps end slump
Apple snapped out of a recent iPhone sales slump during its summer quarter, an early sign that its recent efforts to revive demand for its marquee product with an infusion of artificial intelligence are paying off.
Sales of the iPhone totaled $46.22 billion for the July-September period, a 6% increase from the same time last year, according to Apple's fiscal fourth-quarter report released Thursday. That improvement reversed two consecutive year-over-year declines in the iPhone's quarterly sales.
The iPhone boost helped Apple deliver total quarterly revenue and profit that exceeded the analyst projections that sway investors, excluding a one-time charge of $10.2 billion to account for a recent European Union court decision that lumped the Cupertino, California, company with a huge bill for back taxes.
Apple earned $14.74 billion, or 97 cents per share, a 36% decrease from the same time last year. If not for the one-time tax hit, Apple said it would have earned $1.64 per share — topping the $1.60 per share predicted by analysts, according to FactSet Research. Revenue rose 6% from last year to $94.93 billion, about $400 million more than analysts forecast.
But investors evidently were hoping for an even better quarter and appeared disappointed by an Apple forecast that implied its revenue for the October-December quarter covering the holiday shopping season might not grow as robustly as analysts envisioned. Apple's stock price shed about 2% in Thursday's extended trading, leaving the shares hovering around $221 — well below their peak of about $237 reached in mid-October.
The latest quarterly results captured the first few days that consumers were able to buy a new iPhone 16 line-up that included four different models designed... Read More