While consumers like the convenience of digital streaming, all it took to get them back in movie theaters were two superheroes with attitudes. Even though PYMNTS Intelligence’s “How the World Does Digital” report, which examines the digital behaviors of more than 817 million consumers across...
Netflix released its second-quarter earnings on Thursday (July 18), emphasizing its ongoing foray into the advertising realm initiated in late 2022. The streaming giant posted a 17% surge in revenue to $9.56 billion, buoyed by a 16% year-over-year uptick in average paid memberships, with an...
Amazon-owned online audiobook and podcast service Audible is rolling out a new royalty model that will enable creators to monetize more types of content. The model will also allow listeners to access more storytelling, the company said in a Thursday (July 11) blog post on its website. In...
Amazon entered into an $80 million deal that will bring comedian Dax Shepard’s podcast “Armchair Expert” to the Wondery platform. Wondery will exclusively distribute and sell ads for the podcast, co-produce two new podcasts, offer a livestream of the show each year, and get a...
CNN is reportedly cutting about 100 jobs as it prepares its new CNN.com subscription product. That’s according to a Wednesday (July 10) report by The Wall Street Journal (WSJ), which notes the move comes as the company is looking to become less reliant on its TV channel. The...
Netflix reportedly began phasing out its cheapest ad-free tier for existing subscribers after saying in January that it planned to do so. Social media users in Canada and the United Kingdom have been posting that they received notifications from Netflix that the company’s Basic plan...
Redbox’s parent has reportedly filed for bankruptcy protection after defaulting on loans and missing payroll. Chicken Soup for the Soul Entertainment, which acquired the DVD rental kiosk company in 2022, told employees of its bankruptcy plans late Friday, The Verge reported Saturday (June 29), citing...
Philippine lawmakers reportedly approved a bill that would tax foreign digital services, including streaming services like Netflix, HBO and Disney+. Having passed both the Senate and the House of Representatives, the bill will become law if signed by President Ferdinand Marcos Jr., Bloomberg reported Friday...
Spotify is facing an FTC complaint from music publishers and songwriters over royalties. As Bloomberg News reported, the National Music Publishers’ Association (NMPA) filed the complaint with the Federal Trade Commission (FTC) Wednesday (June 13), alleging that the streaming audio platform’s decision to offer audiobooks to subscribers meant fewer royalty payments to...
