Entertainment and Streaming
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Discovery wins big with the Tokyo Olympics, growing the global entertainment company’s subscribers to more than 18 million.
Spotify is testing a less expensive, ad-supported tier, Spotify Plus, for as low as $0.99 a month.
YouTube tests ‘Premium Lite’ subscription for cheaper ad-free viewing, Walmart offers subscriptions through Adobe partnership, The Guardian plans to hit 2M subscribers by 2022.
Tumblr faces backlash from new subscription service, Substack acquires “Letter,” and PayPal announces super app.
Amazon reports net sales of $113.1B in Q2 2021, a 27% increase, including subscription revenue of $7.9B.
Year-old streaming service Peacock continues to grow its subscriber base and advertisers, but it is losing hundreds of millions of dollars.
A-list actress Scarlett Johansson is suing Disney over the release of “Black Widow,” which they released in theaters and on Disney+ the same day.
GM sues Ford over possible trademark infringement, NBC intentionally limits Peacock’s Olympics coverage, and Sports Illustrated signs podcast deal with iHeartMedia.
Spotify reported subscriber and revenue growth in the second quarter of 2021, ahead of expectations.
