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After the UK’s Competition & Markets Authority forced a sale, Meta sold GIPHY to Shutterstock for $53M.
Netflix reveals subscriber numbers for ad-free plan, Xbox considers “timed slices,” and it looks like a standalone ESPN streaming service is inevitable.
After a year of testing, Netflix is now enforcing password sharing restrictions in the US. Nonpaying viewers can get their own subscription or be added
TikTok parent ByteDance is suing the state to reverse the TikTok ban which would take effect Jan. 1, 2024.
Meta has been fined $1.3B for violating GDPR in how it transferred user data from the EU to the US. Meta is appealing.
Warner Bros. Discovery reports a first quarter loss of $1.1B, but the company’s DTC subscription segment is a bright spot.
Montana is the first state to totally ban TikTok, Pepsi gives away Apple Music subscriptions, and shopping center owners sue Amazon for rethinking their grocery
Sports news outlet The Athletic and online ticket marketplace StubHub form a strategic partnership to help The Athletic move toward profitability.
Paramount lays off 25% of its staff, Apple shares small developer success stories, and Best Buy revamps its membership program.
VICE Media Group filed for bankruptcy this week. An investment group that includes VICE lenders has made a $225M bid to buy the company.
