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The Latest Breaking News on Media

‘Putting a number on art’: musicians nervous as Spotify announces royalty changes

Streaming giant says tweaks will bring more revenue to artists and away from fraudsters, but some musicians are worried about further creeping change

The Guardian - UK

Spotify to phase out service in Uruguay following new copyright bill requiring ‘fair and equitable remuneration’

The streaming platform claimed that it already pays nearly 70% of every dollar to labels and publishers and had contributed to a 20% growth in Uruguay’s music industry in 2022

The Guardian - UK

New Paramount Plus Black Friday Deal Just $2.99 A Month

Choose Paramount Plus with Showtime OR the Paramount Essential plan for $2.99 for 2 months. This streaming offer is available until December 4.

Kiplinger

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Paramount Plus Has Cut Its Movie Catalog Back By 64%

Reelgood audit shows Paramount SVOD had 830 movie titles as of mid-October, fewer than half as many as it had a year prior

Broadcasting & Cable

Walmart (WMT) Pre- Earnings Under the Microscope: Buy or Sell?

Walmart (WMT) topped analysts’ expectations for sales and earnings in the last reported quarter. The retailer lifted its guidance for the full fiscal year 2024 to reflect its second-quarter upside and confidence in continued business momentum. Amid this, let’s determine if WMT is a buy or sell before its third-quarter…

StockNews.com

Disney says it has $40 billion economic impact in Florida as it battles DeSantis in court

Disney has released a study showing its economic impact in Florida at $40.3 billion, directly and indirectly through its supply chain and employee spending

The Independent UK

Spotify just got a sweet update which TikTok users will love

It's a feature I've been longing for and it's going to make finding music so much easier

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Shopify Stock Forges Double-Bottom Base Ahead Of Dec. 5 Analyst Day

Shopify is the IBD Stock of the Day ahead of the e-commerce software and services provider's analyst day on Dec. 5.

Investors Business Daily

Spotify's decision to stop paying royalties on less popular tracks is "discriminatory and exploitative", says competition law expert

Others have suggested that the move indicates Spotify may eventually begin charging artists to host their music on the platform

MusicRadar

Disney Plus and Hulu are merging their apps for a test run next month

Disney CEO Bob Iger revealed that a beta test of the combined Disney Plus and Hulu app will kick off in December, with a full rollout planned for spring 2024.

Android Central

Spotify gets a breath of fresh air on smart TVs as its redesign rolls out

Spotify has started rolling out its smart TV redesign, packed with new features, to users.

Android Central

Bob Iger Talks Streaming Profitability, But I’m More Interested In That Combined Disney+ And Hulu App I Didn’t Even Know I Wanted

Disney+ and Hulu are coming together and it's happening sooner than we thought.

Cinemablend

Disney Plus and Hulu merging into one app: Everything you need to know

Disney is launching a single super streaming app that combines Disney Plus and Hulu. Here's everything you need to know about this new streaming app.

Tom’s Guide

Disney CEO Bob Iger Reveals 4 Building Blocks For Reviving Mouse House: ‘Move Beyond This Period Of Fixing’

Walt Disney Co

Zenger

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Zenger

Disney Q4 Earnings Awaited Amidst Flat Stock Trading

Investors watch for Disney's Q4 results as stock remains steady; Analysts estimate EPS of 68 cents on revenues of $20.13 billion

Tom’s Guide

Disney Plus and Hulu will merge into a single app next month — but there’s a catch

Disney Plus and Hulu will launch in a single unified app next month, but only if you have a bundle subscription.

Multichannel News

Disney Adds Disney Plus Subs, Expects Streaming Profits in Q4 2024

Fourth-quarter earnings rise to $264 million

Cinemablend

Disney’s Q4 And Full Year 2023 Earnings Call: Bob Iger Talks Disney+, Hulu Deal, And A Strong Quarter For Theme Parks

Disney's Q4 earnings call will likely address the ongoing actors strike, the current state of Disney+.

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news in one place.

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Broadcasting & Cable

Bankrupt Diamond Reaches Deal to Keep NBA Teams on Bally Sports Through This Season (But Beyond That? Who Knows?)

RSN and DTC rights revert back to the league after the 2023-24 NBA season; similar NHL agreement is 'pending,' Diamond says

StockNews.com

Analyzing Entertainment Stocks: AMC Entertainment (AMC) and Warner Music Group (WMG)

The entertainment industry has been under pressure as a result of macroeconomic uncertainties. Therefore, let’s analyze whether entertainment stocks Warner Music Group (WMG) and AMC Entertainment (AMC) are worth buying.

Investors Business Daily

Disney Stock Leaps On Earnings, Dow Giant Lifts Cost-Cutting Goal To $7.5 Billion; Rival Dives On Results

Dow Jones media giant Disney beat earnings and streaming forecasts for Q4 results, gets more aggressive on cost cuts.

Multichannel News

Disney Names Former PepsiCo Exec Hugh Johnson as New CFO

34-year veteran of soft-drink giant succeeds Christine McCarthy

MusicRadar

Spotify's new rules mean that over half of all songs on the platform won't be eligible for royalty payouts, according to reports

Tracks racking up less than 1000 streams annually won't earn a single cent in royalties under the new model

StockNews.com

Shopify (SHOP) Post-Earnings Analysis -- Buy or Sell?

E-commerce major Shopify (SHOP) reported better-than-expected earnings and revenue during the third quarter. The stock has run up more than 70% year-to-date. Is the stock still a buy, or will it be wise to avoid it until it reaches a lower valuation? Read on to learn my view….

Broadcasting & Cable

Paramount Looking at Charter-Disney-Like Pay TV Streaming Bundles, as DTC Revenues Surge and Losses Ebb in Q3

DTC revenue was up 38% in the quarter as Paramount Plus added 2.7 million subscribers to reach scale of 63 million

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