Music streaming service Spotify Technology, along with other media firms such as Deezer, urged the European Commission to take action against Apple Inc for anticompetitive and unfair practices, in a joint industry letter on Wednesday. The letter, addressed to the European Union antitrust regulator’s Executive Vice-President Margrethe Vestager, demanded the Commission to act fast for […]
Streaming
Walt Disney Co missed Wall Street earnings forecasts on Tuesday as the entertainment giant racked up more losses from its push into streaming video, sending its shares tumbling 9 percent. The company gained more streaming customers than analysts had expected from July through September, but media investors have increasingly focused on profits over streaming subscription […]
In California, Netflix was created in 1997 by Reed Hastings and Marc Randolph. In what seems like a relic of the past, Netflix first started as a service offering DVDs sent to your home via mailbox. You watch the movie or show you ordered, then mail it back. In 2007, Netflix switched to streaming, a […]
Walt Disney Co on Sunday sketched the contours of a plan for how the entertainment, theme parks, and consumer products conglomerate will use technology to enhance storytelling for the next 100 years. Speaking backstage at the company’s biennial D23 Expo fan convention with Reuters, Chief Executive Bob Chapek took great pains to avoid what he […]
The renowned streaming platform, Netflix, has been undeniably successful in the past decade, conquering the market in a landslide. However, times are changing, and Netflix competitors are on a rapid rise. Gaining the title of king is one thing, but keeping it is a whole other game. What should Netflix do to remain a leader […]
Netflix Inc said it laid off 300 employees, or about 4 percent of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. The move mostly affected its U.S. workforce and came after the company cut 150 […]
To any music fanatic out there, such as myself, you’ve definitely heard of Spotify; I mean, who hasn’t. The platform is recognized by its algorithm that delivers artists every means to harness and reach the right audience. Artists are seeking one objective and one goal only: having a user press that small heart-shaped button that […]
In the most seismic shift by a Hollywood studio yet during the pandemic, Warner Bros. Pictures on Thursday announced that all of its 2021 film slate — including a new “Matrix” movie, “Godzilla vs. Kong” and the Lin-Manuel Miranda adaptation “In the Heights” — will stream on HBO Max at the same time the films […]
South Africa’s telecom mobile operator, Telkom, has teamed up with the South African Broadcasting Corporation (SABC) to launch a new streaming platform called TelkomONE. The unique partnership will stretch over a five-year period and is set to showcase the country’s most popular and on-demand TV programs as well as radio platforms all in one place. […]
By DAVID BAUDER AP Media Writer NEW YORK (AP) — ABC News is moving aggressively to boost its streaming service with the belief that these products will change the news business over the next decade the way cable channels CNN, Fox News and MSNBC did a generation ago. The network said Thursday that it will […]