The UK government is planning to exert more regulatory control over streaming platforms in order to “level the playing field” and make British public service broadcasters more competitive in the media market. Under the draft Media Bill published on Wednesday, video-on-demand services such as Netflix, Amazon Prime Video, and Disney+ will be brought under rules…
UK to Step up Regulation of Video Streaming Giants to ‘Level the Playing Field’
Netflix Expands Crackdown on Account Sharing to 4 More Countries
Netflix said on Wednesday that it has expanded its crackdown on password sharing, which had eclipsed 100 million accounts, throttling the streaming giant’s ability to invest in new content. The California-based streaming giant first tested its crackdown in Latin America and is now rolling out the changes in Canada, New Zealand, Portugal, and Spain, the company said…
Paramount Gets Lift From ‘Top Gun’ but Streaming Losses a Drag
Paramount Global beat Wall Street expectations for quarterly revenue and profit on Thursday, powered by the May release of blockbuster Tom Cruise-starrer “Top Gun: Maverick” even as streaming subscriber growth slowed. The sequel to the 1986 action flick “Top Gun” surged past Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” as the highest-grossing…
Netflix to Expand Password-Sharing Clampdown With ‘Add a Home’ Fee
Netflix has announced that users in certain test countries who want to share their account with another household will soon be asked to “add a home” for an extra fee in a bid to clampdown on sharing. The global streaming platform explained that “a home is a physical location—like your house—where you can use your…
Netflix Cuts 300 More Jobs Amid Slowing Growth
Netflix has laid off a further 300 employees after last month letting go of 150, mostly in the United States, amid slowing growth. The job cuts, which the company said in May were driven by business needs and not employee performance, come as Netflix subscriptions substantially fell for the first time in a decade. A…
Amazon Launches Service Aggregating Video Streaming Apps in India
September 25, 2021
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NEW DELHI—Amazon.com Inc. launched in India on Friday eight global and local streaming services on its video platform, in a move aimed at boosting subscriptions. The move comes at a time of increasing competition from global and domestic rivals in an important market for the U.S. tech company. The Amazon Channels service will help customers…
UK Government Launches Consultation on Regulating Streaming Platforms
New rules may be introduced in the UK to regulate streaming platforms such as Netflix, Amazon Prime Video, and Apple TV+ so their content will be more in line with those broadcast on TV. The Department for Digital, Culture, Media, and Sport (DCMS) launched a new consultation on Tuesday, asking for public opinions on how to regulate…
‘Paw Patrol’ Unleashed: Behind ViacomCBS’s Plan to Take on Disney
August 21, 2021
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When “Paw Patrol: The Movie” hits theaters and the Paramount+ streaming service on Friday, it will kick off one of ViacomCBS’ most ambitious efforts to take on Disney in the streaming wars. The release of the feature film based on the animated children’s series about a group of rescue dogs who protect their community, will…
AT&T Takes $15.5 Billion Charge on DirecTV, Adds More Phone Customers
AT&T said on Wednesday it wrote down its premium TV business, which includes satellite television unit DirecTV, by $15.5 billion, reflecting the impact of years of cord-cutting in the industry as viewers move to cheaper online streaming services. The fourth-quarter writedown comes as sources have told Reuters AT&T has entered into exclusive talks to sell…
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