Amazon

Layoffs hit Fox following completion of Disney deal

SOPA Images

Just days after Walt Disney Co. officially finalized its acquisition of most of 21st Century's entertainment assets, layoffs have begun at Fox properties, The Los Angeles Times reports. Roughly 3,000 layoffs are expected.

Why it matters: This is a big shakeup amid an already tumultuous time in Hollywood. Disney purchased Fox assets — much like AT&T purchased Time Warner last year — in an effort to compete with entertainment tech giants like Netflix and Amazon.

Amazon wins approval to open HQ2 in Virginia in unanimous vote

Amazon's bid for a second headquarters has passed the first hurdle.

Amazon's bid to build a second headquarters in northern Virginia was overwhelmingly approved Saturday, according to The Washington Post.

The details: Arlington County Board voted unanimously to approve a $23 million incentives package for the tech giant to establish a center in Crystal City. Protesters shouted "shame" as the board voted 5-0 in favor of the move, the Post reported. In February, Amazon canceled plans to build a portion of HQ2 in New York City.

Go deeper: Inside Amazon's HQ2 deal with a Virginia county

More stories loading.