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The biggest streaming app in America is at it again. This time, Netflix says it’s raising prices due to a new strategy it’s been implementing.
Netflix announced that it is raising subscription prices for U.S. customers, effective immediately. This price hike comes as the streaming giant expands into live programming. The company reported adding nearly 19 million new subscribers during the holiday season, so they want to dig a little deeper into our pockets.
That’s why it’s time for some Netflix alternatives for streaming TV and movies.
Netflix Prices Rise Again: Why?
Netflix offers a vast range of movies, TV shows, documentaries, and original content, including exclusive Netflix Originals like Stranger Things, The Get Down, and Tiger King. This diverse selection caters to a wide variety of tastes and interests, ensuring there’s something for everyone.
This price increase follows the last round of hikes in 2023, when Netflix also began cracking down on password sharing. While the shift to live programming is largely aimed at boosting ad sales, it also serves to offer current subscribers additional incentives to stay with the platform while attracting new viewers.
In a statement, Netflix explained, “As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can reinvest to further improve Netflix.”
How Much Does Netflix Cost Now?
Here are the updated pricing plans:
- The standard plan with ads will rise to $7.99 per month from $6.99.
- The standard subscription plan will increase to $17.99 per month, up from $15.49.
- The premium plan will go up to $24.99 per month from $22.99.
- Adding an extra member will now cost $8.99, up from $7.99.
- The price for adding an extra member on the ad-supported plan will stay the same at $6.99 per month.
These changes mark the latest adjustments as Netflix seeks to boost both its revenue and its content offerings.
Why Is Netflix So Popular?
Netflix has a stranglehold on the streaming public due to several factors:
Affordable Plans: With multiple subscription tiers, Netflix offers flexibility to users in terms of price and features. The variety of plans also includes options for those willing to watch ads, making the service accessible to a wide range of budgets.
Quality Original Content: Netflix has heavily invested in producing its own original shows, movies, and documentaries. High-quality, unique content has become a significant draw, helping Netflix stand out in a crowded streaming market.
Ad-Free Experience (for most plans): Many users appreciate the ad-free experience that Netflix provides on its standard subscription plans, making for a smoother and uninterrupted viewing experience.
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The College Football Playoff for the National Championship has come down to this: the Notre Dame Fighting Irish vs. the Ohio State Buckeyes.
If you’re like the rest of us, we can’t come to Atlanta to go to the game, but we can watch it and stream it online.
How To Watch the 2025 College Football Playoff
- Teams: Ohio State Buckeyes vs. Notre Dame Fighting Irish
- Kickoff Time: 7:30 p.m. ET on Monday, Jan. 20, 2025
- Location: Mercedes Benz Stadium, Atlanta, Ga.
- TV channel: ESPN
- Streaming: ESPN App | ESPN+ FuboTV (Free Trial)
A History: Ohio State vs. Notre Dame
The football history between the Ohio State Buckeyes and Notre Dame Fighting Irish is rich and marked by some memorable matchups. While not as frequent as some other rivalries, their meetings have been important and often captivating, as both programs are among the most storied in college football.
Here’s a summary of the key moments and the history between the two teams:
Early Encounters
The first meeting between Ohio State and Notre Dame occurred on November 25, 1921, at the Columbus, Ohio, where Notre Dame won 21–13. This marked the beginning of a rare but significant series of games between the two prestigious programs.
20th Century Matchups
Throughout the 20th century, the two teams faced each other on a limited basis, as both programs primarily built their schedules around other regional and national powers. However, the games they did play were often competitive and saw both teams making their marks as elite football programs.
- 1935 Sugar Bowl: Ohio State and Notre Dame met in the Sugar Bowl (January 1, 1935), a major postseason game. The Buckeyes came out victorious 21–13, giving them an early sense of national prominence. This was one of the first major postseason encounters between the two schools.
- 1950s–1970s: There were occasional meetings, but both teams often had different conference alignments and varied levels of prominence in terms of national rankings. Notre Dame was an independent team, and Ohio State was part of the Big Ten Conference. However, even in this era, they occasionally met in bowl games or high-profile regular-season contests.
21st Century and the Resurgence of the Series
The rivalry between Ohio State and Notre Dame became more pronounced in the 21st century, as both teams’ programs returned to national prominence in the college football landscape.
- 2006 Fiesta Bowl: One of the most famous recent matchups occurred in the 2006 Fiesta Bowl, which was the BCS National Championship Game. The Buckeyes, led by head coach Jim Tressel and star quarterback Troy Smith, entered the game undefeated and as the #1 team in the country. However, Notre Dame was no slouch and was led by coach Charlie Weis and quarterback Brady Quinn. The game was highly anticipated, but Ohio State triumphed 34–20, securing their national championship appearance.
- 2023 Matchup: One of the most recent matchups between the two teams occurred in the 2023 season in a highly anticipated regular season game. This game was a primetime showdown and ended with a tight finish, in which Ohio State came out victorious, 17–14, in a thriller. The game saw intense defensive play and some spectacular individual performances.
Key Themes in Their Rivalry:
- Coaching Legacies: Both teams have long-standing coaching legacies. Ohio State’s Woody Hayes, Earle Bruce, and Jim Tressel and Notre Dame’s Knute Rockne, Lou Holtz, and Brian Kelly have each shaped college football history.
- National Title Implications: Some of the games have carried serious national title implications, especially in the BCS era, and both programs have national title aspirations, which raises the stakes when they meet.
- Notre Dame’s Independence vs. Ohio State’s Big Ten Membership: The two teams don’t play each other regularly because of Notre Dame’s status as an independent, while Ohio State is in the Big Ten. This makes any matchups between the two highly anticipated, as they only meet on occasion in bowl games or scheduled non-conference games.
- Prolific Players: Both schools have produced some of the most talented players in college football history. Ohio State has had players like Eddie George, Chris Spielman, and Chase Young, while Notre Dame has boasted players like Joe Montana, Tim Brown, and Rudy Ruettiger.
Statistical Overview:
- Series Record: As of the latest games, Ohio State leads the all-time series against Notre Dame in terms of wins, but the series is closely contested.
- Key Bowl Games: Several high-profile bowl matchups have been crucial moments, such as the 2006 Fiesta Bowl and other bowl games.
Future of the Rivalry
The rivalry is expected to continue in the coming years, with the teams scheduled for future non-conference games. The occasional crossover of schedules and the constant shift in college football’s playoff structure means that Ohio State and Notre Dame will likely meet again under high stakes.
In short, while the Ohio State–Notre Dame rivalry may not have the same regularity as some other college football rivalries, it has produced many memorable games and remains an important intersection of two of college football’s most prestigious programs.
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Are you going to New Orleans soon? Chances are you’ll hear about or visit a famous or infamous street.
Bourbon Street is a famous street in the French Quarter of New Orleans, known for its parties and nightlife. It’s located in the heart of the city, running from Esplanade Avenue to Canal Street and through parts of the Marigny neighborhood.
In this article, we’ll tell you everything you need to know about Bourbon Street.
Here are some key facts about Bourbon Street, one of the most iconic streets in New Orleans, Louisiana, and a key travel destination:
1. History
- Bourbon Street was named in 1721 after the House of Bourbon, a European royal family, not the whiskey.
- It is one of the oldest streets in the French Quarter, which was founded in 1718.
2. Location
- Bourbon Street runs 13 blocks from Canal Street to Esplanade Avenue, cutting through the heart of the French Quarter.
3. Famous for Nightlife
- Known for its vibrant nightlife, live music, and colorful bars, Bourbon Street is a hub for tourists and party-goers.
- Popular drinks include the Hurricane (a rum cocktail) and Hand Grenade (a potent melon-flavored drink).
4. Mardi Gras
- Bourbon Street is central to Mardi Gras celebrations, featuring parades, beads, and elaborate costumes.
- It draws millions of visitors annually during this festival.
5. Cultural Significance
- The street blends French, Spanish, and Creole influences, evident in its architecture, food, and music.
- Jazz music has deep roots here, and you’ll find live performances in many bars and clubs.
6. Architecture
- Many buildings feature balconies adorned with intricate ironwork, often decorated with plants or flags.
- These balconies are iconic for people-watching during Mardi Gras and other celebrations.
7. Attractions
- Jean Lafitte’s Old Absinthe House: A historic bar dating back to the 1800s.
- Musical Legends Park: A small park featuring statues of famous New Orleans musicians.
- Famous Restaurants: Galatoire’s is a fine-dining institution on Bourbon Street, known for Creole cuisine.
8. Safety and Regulations
- Bourbon Street has an open-container law that allows alcohol consumption in plastic cups.
- The area is well-policed but can get crowded, so visitors should remain vigilant.
9. Tourism
- It’s one of New Orleans’ most visited streets, attracting millions of visitors annually.
- While popular with tourists, it also draws criticism for becoming overly commercialized.
10. Fun Fact
- Despite its party reputation, Bourbon Street also has quiet sections closer to Esplanade Avenue, offering a glimpse of its historic and residential past.
Bourbon Street epitomizes New Orleans’ vibrant spirit, blending history, music, food, and festivities into a unique cultural experience.
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In the aftermath of a tragic New Year’s Day attack on Bourbon Street, the scheduled Sugar Bowl matchup between No. 2 Georgia and No. 7 Notre Dame has been postponed.
Sugar Bowl CEO Jeff Hundley explained the decision to delay the game, saying, “We have been in consultation with ESPN, the College Football Playoff, the Southeastern Conference, the University of Georgia, Notre Dame, and all relevant parties. Everyone agrees that postponing the game for 24 hours is in the best interest of public safety.”
When Will The 2025 Sugar Bowl Be Played?
The College Football Playoff quarterfinal game will now take place on Thursday, January 2, at 8:45 p.m. ET at the Caesars Superdome in New Orleans.
The attack occurred early on New Year’s Day when a man intentionally drove a pickup truck through barricades and into a crowd on Bourbon Street in New Orleans’ French Quarter around 3:15 a.m. local time. The incident, which took place during the waning hours of New Year’s Eve celebrations, resulted in 35 people being hospitalized. Authorities confirmed that the driver is deceased.
New Orleans Police Superintendent Anne Kirkpatrick stated, “This individual was attempting to harm as many people as possible.” Kirkpatrick also noted that two police officers were struck by gunfire during the incident but are in stable condition.
In response to the attack, portions of Bourbon Street have been closed from Canal Street to St. Anne Street. Kirkpatrick urged the public to remain cautious while emphasizing, “There’s so much to enjoy about New Orleans. While we deal with this tragedy, we want everyone to stay safe and avoid the affected areas of Bourbon Street.”
The FBI announced it is investigating the incident as a terrorist act. Officials and local law enforcement are working to ensure the safety of the Superdome and surrounding areas ahead of the rescheduled Sugar Bowl game.
About The 2025 Sugar Bowl
The Sugar Bowl matchup between the Georgia Bulldogs and the Notre Dame Fighting Irish pits two of college football’s most storied programs against each other in a high-stakes College Football Playoff quarterfinal game. Here’s a summary of what to expect:
Teams Overview
- Georgia Bulldogs (No. 2 seed)
- Record: 12-1
- Conference: SEC
- Key Players: Quarterback Carson Beck, running back Kendall Milton, and a dominant defense led by linebacker Jamon Dumas-Johnson.
- Strengths: Georgia boasts one of the nation’s top defenses and an efficient offense capable of wearing opponents down.
- Season Highlight: SEC Championship win, securing their spot in the Playoff.
- Notre Dame Fighting Irish (No. 7 seed)
- Record: 11-2
- Conference: Independent
- Key Players: Quarterback Sam Hartman, wide receiver Jayden Thomas, and standout linebacker JD Bertrand.
- Strengths: Balanced offensive attack and an opportunistic defense that forces turnovers.
- Season Highlight: Dominant wins over USC and Clemson solidified their top-10 ranking.
Game Significance
- Georgia aims to maintain its recent dominance, seeking another national title under head coach Kirby Smart.
- Notre Dame is looking to end its CFP win drought and establish itself as a Playoff contender under head coach Marcus Freeman.
- The game serves as a rematch of past memorable encounters, including the 1981 Sugar Bowl, where Georgia won its first national championship.
- Georgia Bulldogs (No. 2 seed)
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Thanks to AppleTV+, some of the best TV series will be available for free for a limited time. Apple TV+ will be free to stream to users across the world on the first weekend of the year, from Friday, Jan. 3, to Sunday, Jan. 5.
How To Get AppleTV+ On Your Phone, Tablet or TV
Accessing Apple TV+ is simple and can be done through various devices. Here’s a step-by-step guide to get started:
1. Sign Up for Apple TV+
- Visit the Apple TV+ website or open the Apple TV app on your device.
- Click Start Free Trial (if you’re new) or log in with your Apple ID to subscribe.
- Plans typically cost $6.99/month, though promotions or free trials may be available.
2. Compatible Devices
Apple TV+ is accessible on a wide range of devices, including:
- Apple Devices: iPhone, iPad, Mac, and Apple TV.
- Smart TVs: Most smart TVs from brands like Samsung, LG, Sony, and Vizio.
- Streaming Devices: Roku, Amazon Fire TV, and Chromecast.
- Game Consoles: PlayStation and Xbox.
- Web Browsers: Any browser by visiting tv.apple.com.
3. Download the Apple TV App
- On Apple Devices: The Apple TV app is pre-installed.
- On Other Devices: Download the app from your device’s app store (e.g., Roku Channel Store, Google Play, or App Store).
4. Explore Content
- Open the Apple TV app and sign in with your Apple ID.
- Select the Apple TV+ tab to browse original shows, movies, and documentaries.
5. Offline Viewing
- Download content for offline viewing on mobile devices by selecting the download icon next to a title.
6. Share Your Subscription
- Use Family Sharing to allow up to six family members to access Apple TV+ with a single subscription.
With these steps, you’ll be ready to enjoy Apple TV+ and its exclusive content like Ted Lasso, The Morning Show, and Severance!
Final Word
There are other streaming services out there that may fit your wallet and circumstances much better.
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As great as YouTubeTV is, there comes a time when the monthly charge doesn’t seem worth it. That’s when you cancel.
In this article, I’ll show you how to cancel your YouTubeTV streaming service.
Easy Steps To Cancel YouTubeTV
Cancelling your YouTube TV subscription can be done easily through the website or the mobile app. Here are the steps for both methods:
Cancelling YouTube TV on a Computer:
- Sign In: Go to the YouTube TV and sign in using your Google account.
- Access Settings: Click on your profile icon in the upper right corner of the screen. From the dropdown menu, select Settings.
- Go to Membership Settings: In the settings menu, navigate to “Membership.”
- Cancel Membership: You’ll see your subscription details. Click on the “Cancel Membership” button. Follow the on-screen prompts to complete the cancellation process.
- Confirm Cancellation: You may be asked to confirm your cancellation. Make sure to read any information regarding the end date of your subscription.
How To Cancel YouTube TV on the Mobile App
- Open YouTube TV App: Launch the YouTube TV app on your mobile device.
- Sign In: If you’re not already signed in, enter your credentials.
- Go to Settings: Tap on your profile icon in the upper right corner, then select “Settings.”
- Membership: Choose “Membership.”
- Cancel Membership: Tap on the “Cancel Membership” option and follow the instructions to complete the cancellation.
- Confirm Cancellation: Confirm your decision if prompted, and check for details regarding your membership termination.
How Does Canceling YouTubeTV Affect Your Billing Cycle?
Cancellation will usually stop future billing, but you may still have access to YouTube TV until the end of your current billing cycle.
If you decide to return, you can resubscribe at any time. YouTube TV typically does not offer refunds for partial months; your access will continue until the end of the current billing period. If you face any difficulties or have specific questions regarding your account, you may want to reach out to YouTube TV support for further assistance.
Now Why Would I Want To Cancel YouTubeTV?
I loved YouTubeTV, but I did have some valid reasons to cancel my subscription — or should I say reasons. Here are three common ones I experienced:
1. Cost Considerations
Streaming services can add up over time, and if you’re looking to cut costs, cancelling YouTube TV may be a priority, especially if you find cheaper alternatives or decide to shift to on-demand streaming platforms.
If you find that you aren’t utilizing the service enough to justify the monthly cost or if the pricing has increased and created a financial burden, it might be a good reason to reconsider your subscription.
2. Content Availability
If you find that YouTube TV does not offer the channels or content you are interested in, or if a major network you watch frequently is removed from the lineup, that could be a compelling reason to cancel.
With the growing number of streaming platforms, many people find that another service meets their content needs better, whether through better live options, exclusive shows, or a more appealing library of on-demand content. ###
3. Usage Patterns
If you’ve noticed that you rarely watch live TV or haven’t been using the service as much as you used to, it may not make sense to continue paying for it.
Some users prefer on-demand content, which can be found on multiple other platforms, often at a lower cost.
If lifestyle changes, such as working more hours, changes in family dynamics, or a shift to more outdoor/physical activities have reduced your TV watching time, cancelling may align better with your current entertainment habits.
Final Word
Ultimately, the decision to cancel YouTube TV should be based on a careful consideration of personal needs, preferences, and financial circumstances.
There are other streaming services out there that may fit your wallet and circumstances much better.
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The area codes available in Louisiana are as varied as the food around these parts? Do you know the digits?
This article is going to tell you everything about Louisiana’s area codes, including those in Baton Rouge and the New Orleans area.
How Many Area Codes Does Louisiana Have?
Louisiana has four area codes as of this writing. Here are all of the Louisiana area codes.
Area codes Louisiana Cities 225 Baton Rouge Area 318 Lafayette, Lake Charles 337 New Orleans, Metairie 504 Shreveport-Bossier City If you need to call New Orleans, you need to know the different area codes in the city. While 504 is the official New Orleans area code, it’s possible that you run across some other numbers in the region.
How Many Areas Codes Are In New Orleans?
New Orleans has one official area code: 504.
It used to be that you could dial a local New Orleans number without including the 504 prefix, but that is no longer the case.
Since October 2021, you must dial 504 to reach New Orleans residents and businesses in the area. The same is the case for southwest Louisana’s 337 area code.
What Are The Main Area Codes In South Louisiana?
In South Louisiana, several area codes are prominent. As of my last knowledge update in September 2021, some of the most notable area codes in this region include:
- 504: This area code covers the New Orleans metropolitan area and its surrounding communities.
- 225: The 225 area code serves the Baton Rouge metropolitan area, the capital city of Louisiana.
- 337: This area code covers southwestern Louisiana, including cities like Lafayette, Lake Charles, and Alexandria.
- 985: The 985 area code includes the Northshore region of Lake Pontchartrain, with cities like Covington and Slidell.
- 318: This area code serves northern and central Louisiana, including cities like Shreveport and Alexandria.
One thing to take note of is that area codes can change, and new ones may be introduced to accommodate population growth and increasing demand for phone numbers. It’s always a good idea to check with local telephone directories or service providers for the most up-to-date information on area codes in South Louisiana.
Final Word
Louisiana is a huge state geographically speaking. If you need to make a call to one of its numerous regions, do you know the area code?
If you’re calling someone in Louisiana, you’ll use either the 504, 225, 337 or 985 area codes.
Ever received an unlisted call and wanted to find out who dialed your phone? Now you can.
Here’s how to use reverse call lookup for FREE.
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What can be more tasty than a hot bowl of delicious gumbo? Not many things for lunch or dinner. Many a New Orleans cook and chef have prepared the dish to perfection with select ingredients.
In this article, we’ll show you how to make some terrific, tasty and flavorful gumbo.
How To Make Gumbo New Orleans-Style
The recipe for gumbo, like many stews in the Bayou, includes the “Holy Trinity” of ingredients — onions, celery and bell peppers. There are several other ingredients to make gumbo, including sausage, beef, chicken, duck, alligator and shellfish.
We’ll make us some good seafood gumbo.
Seafood Gumbo is a delicious and flavorful Louisiana seafood dish that combines various seafood with a rich roux-based broth. Here’s a basic recipe to make Seafood Gumbo:
Ingredients:
- 1/2 cup vegetable oil or canola oil
- 1/2 cup all-purpose flour
- 1 large onion, chopped
- 1 green bell pepper, chopped
- 2 celery stalks, chopped
- 4 garlic cloves, minced
- 1 pound fresh or frozen okra, sliced
- 1 can (14.5 ounces) diced tomatoes (with juice)
- 1 teaspoon dried thyme
- 1 teaspoon dried oregano
- 1/2 teaspoon paprika
- 1/4 teaspoon cayenne pepper (adjust to taste)
- 1 bay leaf
- 6 cups seafood or chicken broth
- 1 pound medium shrimp, peeled and deveined
- 1/2 pound crab meat (fresh or canned)
- 1/2 pound shucked oysters (optional)
- 1/2 pound firm white fish (such as cod or snapper), cut into bite-sized pieces
- Salt and pepper to taste
- Cooked white rice, for serving
- Chopped green onions or parsley for garnish
Instructions:
- Prepare the Roux:
- In a large, heavy-bottomed pot or Dutch oven, heat the vegetable oil over medium heat.
- Gradually whisk in the all-purpose flour, stirring constantly to prevent lumps.
- Continue to cook the roux, stirring frequently, until it reaches a dark brown color. Be patient; this can take about 30 minutes. The roux is a crucial element for the gumbo’s flavor, so take care not to burn it.
- Add Vegetables:
- Once the roux is dark brown, add chopped onions, bell peppers, and celery to the pot. Cook for 5-7 minutes or until the vegetables are softened.
- Add Seasonings and Tomatoes:
- Stir in minced garlic, sliced okra (if using), diced tomatoes with their juice, thyme, oregano, paprika, cayenne pepper, and the bay leaf. Cook for another 5 minutes, allowing the flavors to meld.
- Pour in Broth:
- Slowly pour in the seafood or chicken broth, stirring continuously to incorporate the roux with the liquid. Bring the mixture to a boil, then reduce the heat and let it simmer for about 30 minutes.
- Add Shrimp and Other Meats or Seafood:
- Add the shrimp, crab meat, oysters (if using), and the firm white fish to the pot. Simmer for an additional 5-7 minutes, or until the seafood is cooked through.
- Season and Serve:
- Taste the gumbo and adjust the seasoning with salt and pepper as needed.
- Serve the seafood gumbo over cooked white rice and garnish with chopped green onions or parsley.
How does it look? This is me adding the shrimp. As you can see I use Jumbo Shrimp, frozen from the grocery store.
Once the shrimp is in, you let it simmer in the roux for several minutes.
Enjoy your homemade Seafood Gumbo, a delicious taste of Louisiana cuisine!
Want to eat out on the town? A handful of restaurants have been voted to have the best gumbo in New Orleans.
Read our guide how to make fried chicken like a Southern chef.
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Budget carrier Spirit Airlines has filed for Chapter 11 bankruptcy, the airline announced on Monday.
Spirit Airlines has faced years of mounting financial losses, a failed merger, and changing consumer expectations.
In a statement early Monday, the airline announced it had reached a prearranged agreement with its bondholders, which includes $300 million in debtor-in-possession financing to help it navigate the bankruptcy process. Spirit expects to emerge from bankruptcy by the first quarter of next year. The airline also assured that its vendors and aircraft lessors would not be affected. In a court filing, Spirit listed its assets and liabilities as being between $1 billion and $10 billion.
Despite the filing, Spirit emphasized that operations would continue as usual, and customers could still book flights.
“The most important thing to know is that you can continue to book and fly now and in the future,” Spirit CEO Ted Christie wrote in a letter to customers. He added that customers could use tickets, credits, and loyalty points without disruption.
What Is Chapter 11 Bankruptcy and What Happens To The Company?
When a company files for Chapter 11 bankruptcy, it is essentially seeking reorganization under the protection of the U.S. Bankruptcy Code. Chapter 11 allows the company to continue operating while it restructures its finances and attempts to return to profitability. Here’s what typically happens when a company files for Chapter 11:
1. Automatic Stay
- Immediate Protection from Creditors: Once the Chapter 11 petition is filed, an automatic stay goes into effect. This halts most collection actions against the company, including lawsuits, foreclosures, and debt collection efforts. It gives the company a breathing period to reorganize without the pressure of creditors seizing assets or taking legal action.
2. Reorganization Plan
- Restructuring the Business: The company must propose a reorganization plan that outlines how it intends to repay creditors, reduce debts, and restructure its operations. This may involve:
- Debt renegotiation (lowering amounts owed or extending repayment periods)
- Selling assets or subsidiaries to raise capital
- Cutting costs, which may include laying off employees or closing unprofitable locations
- Renegotiating contracts with suppliers, lessors, and other business partners
- The plan is typically developed in collaboration with creditors, legal advisors, and sometimes a court-appointed trustee or committee. The company remains in control of operations as the debtor-in-possession (DIP) unless the court appoints a trustee.
3. Creditor Meetings and Voting
- The company must hold meetings with its creditors, who will be grouped into classes (e.g., secured creditors, unsecured creditors, and equity holders). These creditors will vote on the proposed reorganization plan.
- The plan can be modified and negotiated, and creditors can object to parts of it. The company must get approval from the majority of the creditors in each class, and the plan must be confirmed by the bankruptcy court.
4. Operational Continuity
- Unlike Chapter 7 bankruptcy, which involves liquidation, Chapter 11 allows the company to keep operating its business. For example, employees can continue working, and customers can continue making purchases. The company can also maintain existing contracts and vendor relationships, although some may be renegotiated.
5. Financial Reporting and Oversight
- During the bankruptcy process, the company must submit regular financial reports to the court and creditors. This helps ensure transparency and allows creditors to monitor how the company is progressing with its reorganization efforts.
6. Debtor-in-Possession (DIP) Financing
- Many companies that file for Chapter 11 seek DIP financing—a special form of financing provided by lenders during bankruptcy. This financing helps the company maintain liquidity and keep operating while it restructures. DIP financing often has priority over existing debt, meaning it must be paid back before other creditors.
7. Plan Confirmation and Exit
- If the reorganization plan is approved by creditors and the court, the company will move forward with implementing the plan. Once the company has completed the necessary steps—such as debt reductions or asset sales—it can exit bankruptcy.
- Upon exiting, the company may emerge with a significantly altered financial structure, potentially stronger and more focused on its profitable areas. In some cases, the company may remain in debt but on more manageable terms.
8. Failure to Reorganize
- If the company cannot reach an agreement with creditors, or if the reorganization plan is not feasible, it may be forced to liquidate its assets. This may result in filing for Chapter 7 bankruptcy, which involves the selling off of the company’s assets to pay creditors and winding down its operations.
Key Takeaways:
- Chapter 11 is for reorganization, not liquidation. The goal is for the company to return to profitability and pay off its debts over time.
- The company stays in control of operations (unless the court appoints a trustee).
- Creditors are given the opportunity to vote on the reorganization plan, which must be approved by the court.
- DIP financing can help the company remain operational during the process.
This process is often used by large corporations that have significant debts but still have the potential to turn things around, rather than shutting down completely. It’s also frequently used by businesses that need time to negotiate with creditors, restructure, and emerge as a more viable entity.
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Beyoncé’ continues to break down barriers with her music and performances. The Cowboy Carter star has inked a deal to perform at an NFL halftime in Houston.
At this time, it is unclear whether the Houston Texans vs. Baltimore Ravens game will be streamed entirely on Netflix, or just the 15-minute halftime performance. Either way, it’s big stuff.
The performance will mark the first time that Bey will perform songs from her Cowboy Carter album.
Beyoncé and the NFL share a significant professional relationship, particularly through her involvement in the Super Bowl halftime shows. The key moments in their partnership include:
- Super Bowl 50 (2016) – Beyoncé performed at the Super Bowl 50 halftime show alongside Coldplay and Bruno Mars. During this performance, Beyoncé debuted her song “Formation,” which became a cultural moment due to its political messaging and powerful visuals. The performance was widely praised, and Beyoncé’s presence added to the halftime show’s star power.
- Super Bowl 54 (2020) – Beyoncé did not perform at this halftime show, but her influence was still present. She and her husband, Jay-Z, had been involved in discussions about the NFL’s diversity and inclusivity, particularly in relation to Colin Kaepernick’s protest and the league’s stance on social justice issues. The couple had a complex relationship with the NFL at this time, with Jay-Z having signed a partnership with the league to help address social justice initiatives.
- Jay-Z’s Partnership with the NFL (2019) – In 2019, Beyoncé’s husband, Jay-Z, entered into a multi-year partnership with the NFL through his entertainment agency Roc Nation. The partnership aimed to overhaul the league’s social justice efforts, enhance its musical programming, and bring more diverse and inclusive entertainment to the Super Bowl stage. Although Beyoncé did not perform at the Super Bowl immediately after this deal, there was a perception that the couple was working behind the scenes to change the league’s approach to these important issues.
Beyoncé and the NFL’s relationship also touches on the broader intersection of entertainment, politics, and social justice. Her performances and public stance on various issues often align with efforts to push for greater representation and equality in the entertainment industry, including the NFL’s evolving approach to cultural and social concerns.
New Orleans is one of the most convenient places to travel to and from. A large part of that is because Louis Armstrong International Airport is so accessible.
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