Entertainment and Streaming
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Disney announced they would cut 7,000 jobs and cut expenses by $5.5B as part of a companywide strategic restructuring.
Vox Media gets $100M from Penske Media, Twitter Blue only has 180K subscribers, Apple has 935M paid subscriptions.
Peacock reported that it more than doubled paid streaming subscribers in 2022, ending the year with 20 million.
Five on Friday: Hinge to launch $60 tier, Amazon shutters AmazonSmile program, YouTube tests Listening Room.
Spotify announced they will layoff 600 employees, or about 6% of employees, and make leadership changes.
Apple had a strong year in Services, Amazon expands Buy with Prime, and creators are nervous about a TikTok ban.
Amazon’s Thursday Night Football missed viewership estimates by 25%, disappointing advertisers.
HBO Max raises prices $1 a month for its ad-free tier and removes content that doesn’t attract new subscribers.
Amazon-owned EPIX, MGM’s premium streaming subscription service, has been rebranded as MGM+.
