Nebula, Dropout, and Beacon are creator-owned streaming platforms targeting niche audiences. Nebula, with over 500,000 subscribers since 2019, has tripled its customer count and doubled its revenue in the past year. Dropout, known for “Game Changer” and “Dimension 20,” has…
Crunchyroll is bucking the trend of declining Gen Z viewership by reviving appointment viewing with synchronized global releases of anime episodes, boosting engagement and viewership. COO Gita Rebbapragada highlighted the platform's post-COVID growth to 14 million subscribers, driven by a…
Hub Entertainment Research reveals that around 70% of FAST users subscribe to three or more SVOD services like Netflix, Hulu, or Amazon Prime Video. These "video omnivores" frequently switch services based on content and value, with 59% adding and 41%…
Apple faces a new antitrust investigation from Spain’s competition authority, CNMC, over alleged unfair trading conditions in the App Store. Potential penalties could reach up to 10% of Apple’s global turnover. This adds to Apple's regulatory challenges in Europe, including…
YouTube reported Q2 2024 advertising revenue of $8.66 billion, a 13% increase from $7.66 billion a year ago, though below Wall Street expectations of $8.93 billion. Despite a decrease from Q1's 20% growth, YouTube's ad business remains strong compared to…
Spotify reached 246 million paying subscribers in Q2 2024, a 12% increase year-over-year, surpassing guidance by 1 million. The company introduced a lower-cost ad-free plan and saw reduced churn with recent price increases. Monthly active users grew to 626 million,…
Amazon Prime Video is acquiring Bray Film Studios, a historic U.K. studio complex, to serve as the U.K. "creative home" for Amazon MGM Studios. This acquisition includes extensive production facilities and supports Amazon's commitment to producing more content in the…
Apple is re-evaluating its spending on Hollywood projects due to industry-wide production losses. Eddy Cue, Apple’s senior vice president of services, is urging studio chiefs Zack Van Amburg and Jamie Erlicht to manage budgets more closely for Apple TV Plus.…
Netflix's second-quarter earnings report showed steady growth without major surprises, adding over 8 million subscribers to reach 277 million globally. Amid industry changes and competitors like Warner Bros. Discovery and Disney forming bundles, Netflix remains focused on enhancing its content…
Warner Bros. Discovery (WBD) CEO David Zaslav's strategy to merge Discovery and HBO Max has not achieved the expected subscriber growth and profitability to compete with Netflix and Disney+. Analysts suggest either a spinoff of the movie studio and direct-to-consumer…
