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The Latest Breaking News on Media

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

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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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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.

StockNews.com

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

The Independent UK

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.

Zenger

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

Liverpool Echo

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

Daily Mirror

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.

Los Angeles Times

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….

StockNews.com

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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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news in one place.

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France 24

Disney to cut 7,000 jobs as returned CEO Iger vows 'transformation'

The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger.

Chicago Sun-Times

Disney to cut 7,000 jobs in Bob Iger’s ‘transformation’ of entertainment giant

The cuts make up about 3% of Disney’s 220,000-person global workforce and come as the company beat Wall Street’s earnings forecasts.

The Independent UK

Disney to cut 7,000 jobs in Iger's company 'transformation'

The Walt Disney Co. says it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger

Orlando Sentinel

Disney’s Iger reveals 7,000 layoffs in restructuring move

Disney World CEO Bob Iger revealed plans Wednesday to lay off 7,000 workers of the company’s global workforce, about 3% of the workforce.

Los Angeles Times

Bob Iger signals ‘significant transformation’ as Disney+ loses 2.4 million subscribers

Bob Iger is back at Walt Disney Co., but that doesn’t mean the entertainment giant is out of the woods yet.

The Independent UK

Disney World unions vote down offer covering 45,000 workers

Union members voted down a contract proposal covering tens of thousands of Walt Disney World service workers, saying it didn’t go far enough toward helping employees face cost-of-living hikes in housing and other expenses in central Florida

The Independent UK

Drake, worth £260m, wants more money from Spotify for streaming milestones

The singer hit 75 billion streams on the platform and called for a ‘bonus’

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