Tinder parent Match to cut 6% jobs as activist investors seek changes
By Jaspreet Singh (Reuters) – Match Group will let go about 6% of its staff as part of plans to discontinue live-streaming services on its dating apps, the Tinder parent…
NBA signs broadcasting deal with Disney, Amazon, Comcast worth $77 billion
By Harshita Mary Varghese and Akash Sriram (Reuters) – Walt Disney’s ESPN, Comcast-owned NBCUniversal and Amazon.com have clinched the rights to carry National Basketball Association games in an 11-year deal…
Netflix beats subscriber targets, cautions on ad growth
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited from a…
Paris 2024 Olympics, all the online threats to avoid
In the past few days, I have been in Paris to follow Samsung Unpacked 2024, and I took the opportunity to observe how the city is preparing for the upcoming…
Skydance CEO Ellison says new Paramount will become a tech-media hybrid
By Dawn Chmielewski (Reuters) – Skydance Media CEO David Ellison sketched out a vision on Monday for Paramount Global as a technology-media hybrid company at a time Hollywood has been…
Spotify raises US prices of its premium plans in margin push
By Jaspreet Singh (Reuters) – Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to…
Reed Hastings: a life out of the ordinary
Getting there first is everything in business. But if you understand how the world is changing and can use evolution to your advantage, you have more than just a great…
Disney has dramatically cut traditional TV spending
By Lisa Richwine (Reuters) – Walt Disney has cut its investment in programming for traditional television networks pretty dramatically as part of its strategy to maximize audiences and profit in…
Netflix hits 40 million users for ad-supported plan
By Jaspreet Singh (Reuters) – Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign that its…
Disney and Comcast seek advisor to resolve Hulu valuation
By Anirban Sen and Dawn Chmielewski NEW YORK (Reuters) – Walt Disney and Comcast are seeking to hire a financial adviser to resolve a dispute over how to value the…