Entertainment and Streaming
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Apple announces launch of Apple Music Classical, Hulu celebrates 15 years, and Meta pauses Reels bonuses.
The rise and fall of Birchbox, Woom offers subscriptions for the workplace, and Pinterest tests a premium video ad format.
In their annual Loud & Clear report, Spotify reveals they pay out 70% of every dollar to the music industry.
Satellite radio company SiriusXM will lay off 475 employees, or 8% of their workforce, for the company’s long-term health and profitability.
Panera is expanding its Unlimited Sip Club subscription, Netflix slashes prices in 100 markets, and the EU and Canada are banning TikTok on govt. devices.
Lee Enterprises forces furloughs, Twitter’s ad spend drops drastically, NFL Sunday Ticket may offer a cheaper option.
NPR is cutting 10% of its staff, or about 100 employees, to help make up a budget shortfall of $30-$32 million due to revenue declines.
After 25 yeas with Google and 9 as YouTube CEO, Susan Wojcicki is stepping down to serve in an advisory role.
Paramount+ adds 9.9 million subscribers in the fourth quarter, bringing total subscribers to 56 million.
Gannett ends most online comments; users gripe about clampdowns on Netflix password sharing, Facebook fined $1M for misconduct.
