Far-left Netflix had a disastrous second quarter that saw new subscriptions fall short of expectations, causing shares of the streaming entertainment company to plummet by as much as 12 percent in after-hours trading on Thursday. The company cited growing competition from TikTok, the Chinese-owned video app that is hugely popular with Gen Z.
Quibi, the highly touted short-form streaming service founded by Jeffrey Katzenberg and Meg Whitman, has failed to generate much excitement among consumers or industry experts since launching in April. Now the extent of the market’s indifference is becoming clearer.
A recent report states that internet usage has surged by between 50 and 70 percent during the Wuhan coronavirus pandemic while streaming services have seen a 12 percent increase in usage.
The Walt Disney Company has apologized to subscribers of the new Disney+ streaming service following reports that many users were experiencing outages on the service’s first day.
Britbox, which claims to bring the “best of British” television on-demand, has banned programmes like Till Death Do Us Part and It Ain’t Half Hot, Mum because they may be offensive to today’s audiences.
Broadcasting watchdog Ofcom has warned that the mandatory TV tax is at risk of being undermined because young people are “tuning out” of the BBC.
The DOJ reportedly sent a letter to the Academy of Motion Picture Arts and Sciences, warning it against removing movies on streaming services like Netflix from Academy Award eligibility —citing antitrust laws.
Jay-Z’s music streaming service Tidal is reportedly under investigation in Norway over allegations that the company faked listener numbers. The extent of the faked numbers could allegedly involve hundreds of millions of false plays of albums from major artists like Beyonce.
Netflix has reportedly taken on an additional $2 billion in debt in an effort to further expand its original programming and licensed content.
84 percent of people surveyed underestimated how much they pay for streaming subscription services such as Amazon Prime, Spotify, and Netflix.
Best Buy will stop selling music CDs, amid the growth of digital music streaming, despite the fact that the reailer used to be the most popular music seller in the United States.
A couple weeks ago, we learned that the NFL is increasingly unpopular amongst older viewers. Fast-forward a couple weeks, and we learn that younger viewers don’t particularly care for the league either.
Songwriters and publishers are set to receive increased royalties from Spotify, Apple Music, and other music streaming services, following a ruling.
The Hawaii state government has eliminated access to video streaming services featuring entertainment for its employees.
A nationally recognized black scholar is now criticizing Jay Z’s May 16 freestyle rap performance at Terminal 5 in New York City for its racial context.
Jerry Seinfeld has better things to do than watch your shaky cat videos on YouTube.
Rapper and businessman Jay Z was joined by some of music’s biggest stars on Monday for the official re-launch of TIDAL, the first-ever artist owned streaming service, which plans to compete with bigs Pandora and Spotify. Jay Z recently acquired
Variety’s Todd Spangler has this mostly right. Dish Network’s Sling TV, a bundled streaming package of cable channels priced at $20 per month, is no game changer. At least I hope not (for reasons I’ll explain below). The willingness of
Digital music downloads plummeted in 2014, while streaming services like Spotify continued their steady growth, reports Financial Times.
