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Zoom will remove time limits on Thanksgiving, TikTok gets a temporary reprieve, and Squarespace adds new monetization options.
AMC Theatres reported total revenue of $119.5M in the third quarter of 2020, a 91% decrease, due primarily to COVID-related theatre closures.
Disney-owned Hulu is raising rates for their Hulu + Live TV package by $10 a month bringing the cost to $64.99, an 18% increase.
In Disney’s Q4 FY20 financials, direct-to-consumer streaming video subscription service Disney+ was the bright spot with 73.7M paid subscribers.
ESPN is laying off 300 people, or 6% of workforce, as parent Disney focuses on its direct-to-consumer streaming video subscription services.
Planet Fitness announces a digital-only subscription, Epic Games considers subscriptions, and Experian to include subscription payments in credit scores.
Spotify is acquiring podcast hosting company Megaphone for $235 million to better serve podcast advertisers and publishers.
Online delivery company GoPuff has agreed to buy adult beverage retailer BevMo for $350 million. The company was valued at $3.9B last month.
New York Times hits milestone with 7 million subscribers. Also digital-only subscription revenue exceeds print revenue for the first time.
Comcast has more streaming subscribers than cable subscribers, SpaceX prices Starlink satellite internet, and TikTok and Shopify partner.
