The Latest Breaking News on Media

Media business profits fall 18.2%

She’s tasked with saving the company now called X, but Musk might be loth to hand over the reins of his $44bn vanity app

Spotify's Q2 revenue of $3.46 billion falls short of expectations, while tepid MAU growth outlook weighs on investor sentiment.

They have a lot of living costs to cover.

Music streaming services aren’t created equal — here’s what you need to look out for.

The addition of 36 million net new users - a quarterly record - wasn’t enough for Spotify investors.

Spotify recently announced that the price of a standard subscription would rise, bringing it level with Apple Music. With Apple's service offering lossless audio, I'm thinking about swapping.

The entertainment industry has been under pressure due to macroeconomic challenges. However, its long-term prospects look steady. Therefore, while it could be wise to wait for a better entry point in Sony Group (SONY) and Tencent Music (TME), Walt Disney (DIS) might be best avoided considering its weak fundamentals. Continue…

David Espinosa named president of distribution at Fox

Music streaming services are on the verge of increasing their Premium offerings lately. Apple Music last year, YouTube Music this year raised their prices, and Spotify now joins the list as well.

Change comes after streaming giant attempts to boost margins with job cuts and restructure of podcasting unit