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KFC World Famous Chicken restaurant in Plano, Texas, illuminated at night
Plano, Texas, USA - January 30th, 2022: KFC World Famous Chicken restaurant, illuminated at night
TFC?

KFC is moving its headquarters out of its Kentucky home, heading for Texas

There are more KFCs per person in Kentucky than any other state. The company’s moving anyway.

KFC — formerly known as Kentucky Fried Chicken, until the company officially changed its name to its current initialism in 1991 — is taking the K out of KFC, as the fast-food chain plans a move out of its spiritual and physical home.

The transition comes as its parent company, Yum! Brands, plans to relocate the business to one of its two brand headquarters in Plano, Texas, per an announcement yesterday. The company’s other subsidiary, Pizza Hut, will also join KFC to move to the Lone Star State, while Taco Bell and Habit Burger & Grill will remain headquartered in the Irvine, California, location.

The move is a big one for a company associated so strongly with the state. Indeed, Kentuckians still seem to love the chain: there are 114 KFC restaurants in Kentucky, which, according to our calculations, is equivalent to ~25 KFC restaurants per million people. That’s the most KFC restaurants per person of any state.

Texas, by contrast, ranks pretty middling on our KFCs-per-million metric, coming in with 10.35 KFCs per million people.

Other KFC hot spots include Mississippi, West Virginia, and New Mexico. Eastern states like New Jersey and Massachusetts rank bottom, with just 6.2 KFCs per million New Jersey residents.

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More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

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Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

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