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The Latest Breaking News on Media

Waves Audio customers are in uproar at company's new subscription-only model: "What a disgusting way to treat your existing users"

Hundreds of disgruntled customers sign petition urging the company to reconsider its new business model

MusicRadar

Disney layoffs begin this week. Iger says 7,000 job cuts to finish before summer

Walt Disney Co. this week begins its plan to cut 7,000 jobs as part of a wider effort to rejuvenate the Burbank entertainment giant's finances and reach profitability at its streaming business.

Los Angeles Times

Disney World reaches union deal with minimum $18 hourly wage

Unions for service workers at Walt Disney World have reached a tentative deal with the company that would raise the starting minimum wage from $15 to $18 an hour

The Independent UK

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Apple to join Premier League bidding war in latest Amazon streaming battle

The growth of Premier League broadcasting rights is expected to continue growing with tech giants weighing up a bid as they face growing battle with Amazon Prime over streaming rights

Daily Mirror

The music industry wants you to pay more for your music

Hands up if you think that means they want to pay musicians more. Actually, they do

Fans furious as Bollywood songs removed from Spotify

‘Game over Spotify, I’m moving to Apple Music,’ one angry fan wrote

The Independent UK

Disney plans 4,000 layoffs as part of previously announced job cuts: report

The Walt Disney Co. plans to lay off about 4,000 people company-wide as part of the 7,000 job cuts CEO Bob Iger announced in February, according to a report by Business Insider.

Orlando Sentinel

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Disney+ massively hiked its price – and hardly anybody quit

It looks like price isn't the most important consideration for Disney+ subscribers: the latest price hike had hardly any impact

‘More meaningful connections’: will Spotify’s updates mean a proper payday for artists?

The biggest ever update to Spotify’s app is set to bring artists and fans closer together. But given the platform’s longstanding lean-back experience, has the horse already bolted?

The Guardian - UK

Is Disney a Good Stock to Buy Right Now?

Entertainment giant Walt Disney (DIS) recently notched its 52-week low of $84.07. The stock is expected to be on a downward trajectory as the company grapples with higher streaming expenses, fears of declining consumers’ discretionary spending, and other macroeconomic headwinds. However, given DIS’ solid revenue growth in the first quarter…

StockNews.com

Bob Iger admits Disney theme park pricing moves were 'a little too aggressive'

Walt Disney Co. Chief Executive Bob Iger acknowledges his company goofed on some of its pricing strategies.

Los Angeles Times

OPINION - Why we might soon be in for a music streaming shake-up

TikTok could disrupt music streaming further

Evening Standard

Failed Attempt By Former Paramount Executives To Purchase Showtime Amid Fold Into Paramount+

Former Showtime Executives Have Failed Numerously After Offers For Showtime Were Rejected By Paramount Global

Zenger

1 F-Rated Stock to Sell or Avoid Until Further Notice

Shares of sports-centric streaming company fuboTV (FUBO) plummeted more than 76% over the past year as it continues to incur huge losses and suffer from the challenging macro environment. Furthermore, FUBO issued a disappointing subscriber outlook for fiscal 2023. Given its mounting losses, bleak growth prospects, continued share dilution, and…

StockNews.com

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StockNews.com

1 Big Box Retailer Stock to Buy More of in 2023

Big box retailer Walmart (WMT) reported solid fourth-quarter results, topping analysts’ estimates. Moreover, WMT’s solid dividend-paying record makes it an attractive buy this year as macroeconomic uncertainties remain. Keep reading.

The Independent UK

ESPN's ex-top exec describes how soccer's World Cup was lost

Testimony from a former ESPN executive is underscoring the high stakes and corruption that has enveloped the world of soccer

Zenger

Paramount Plus Adds Over 9 Million Subscribers Driven By The Most Prominent Content

The streaming market continues to be competitive as Paramount Plus competes with the big streaming platforms with quality content.

Liverpool Echo

New Spotify feature lets you exclude playlists from your taste profile

There's a new way to ensure certain songs don't impact your personalised playlists

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news in one place.

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Daily Mirror

Super Bowl half-time star Rihanna reaps benefit of performing for free due to old rule

Rihanna performed at the Super Bowl half-time show for free due to an ancient NFL rule, but the pop megastar still managed to see some significant benefits of her performance

Los Angeles Times

It’s not just Disney: Hollywood slashes jobs as streaming bubble pops

LOS ANGELES — Walt Disney Co. Chief Executive Bob Iger said last week that the Burbank company will be slashing 7,000 jobs as the firm’s streaming efforts continue to lose money and the wider economy wallows through a downturn.

StockNews.com

Is Disney Stock a Buy or Sell in 2023?

Amid a sudden change at the helm and challenged by losses in its streaming business, Disney (DIS) has a lot of near-term uncertainties to deal with. Let’s discuss why the stock might be best avoided now. Read on….

Los Angeles Times

Layoffs hit Showtime as Paramount overhauls 'Billions' brand

LOS ANGELES — Paramount Global continues to unwind its once-proud Showtime brand.

Los Angeles Times

Disney's Bob Iger says ESPN is not for sale. Now the pressure is on

Walt Disney Co. Chief Executive Bob Iger this week announced a "major transformation" for the entertainment media giant, raising a familiar question from Wall Street: What will happen to ESPN?

Orlando Sentinel

Disney’s job cuts affect theme parks, but frontline workers spared

Disney will be cutting jobs in its theme parks division as part of a move to lay off 7,000 workers across the company, the chairman of the group said in an email to employees Thursday.

The Guardian - AU

News Corp job cuts: Rupert Murdoch’s Australian newspapers to axe one in 20 staff

Announcement comes after Rupert Murdoch’s global company posted 47% decline in quarterly earnings in news media

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