Entertainment and Streaming
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After a difficult year, The Walt Disney Co. is showing signs of recovery, posting a 95% increase in net income year-over-year.
Biotech mogul says papers need govt. aid, Tripadvisor seeks credit card partners, Ericsson launches subscription service for remote offices.
Peloton says recalls will cost them $165M, Hearst offers buyouts to 600, FuboTV adds 43K subscribers.
YouTube has launched a $100 million fund for YouTube Shorts creators.
Circle launches beverage subscription, Verizon sells Yahoo and AOL, and Amazon’s NFL deal starts a year early.
Piano shares subscription benchmarks, YouTube viewership grows, and NewsGuild urges Tribune shareholders to reject Alden’s offer.
Meredith Corporation is selling its TV business for $2.7B cash to Gray Television, allowing the company to focus on digital and magazine businesses.
In its first quarter earnings report, Comcast reports that Peacock has grown to 42 million subscribers.
Amazon reports another outstanding quarter with total net sales of $108.5B, representing 44% growth year-over-year.
Roku could lose YouTube TV app, Stripe acquires TaxJar, and NPR will offer paid podcast subscriptions.
