Media +Technology Intelligence
According to an SEC filing, Reservoir, which floated on the NASDAQ via a merger with a SPAC (special purpose acquisition company) in July, generated total revenues of USD $30.4 million in calendar Q3, an increase of 45% compared to $21 million in the prior year quarter (fiscal Q2 2021). Source: Reservoir’s revenues grew 45% to $30.4m in Read More …
Disney CEO Bob Chapek told investors Wednesday that the company is increasing its multibillion-dollar spending on content for Disney Plus as it adds more local and regional content for worldwide audiences. Last December, Disney projected it would spend between $8 billion-$9 billion on content for its premiere streaming service in its fiscal year 2024, and Chapek said that amount would Read More …
The world’s largest entertainment company posted a significant slowdown in subscriber sign-ups at its flagship streaming service in the most recent quarter, ending two years of strong growth that had helped the company survive Covid-19 and expand its media dominance into the home. Source: Disney Streaming Sees Slower Growth as Consumers Venture Out of the Read More …
About 40% of traffic to pages in 2018 went to those with content that was plagiarized or recycled, and Facebook has been slow to crack down on copyright infringement, according to internal reports. Facebook says it has taken steps to address the issues. Source: Facebook Allows Stolen Content to Flourish, Its Researchers Warned
Unions accused of ‘deep conflicts of interests’ Read More …