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The Latest Breaking News on Media

Walt Disney (DIS) 2024 Analysis: Buy, Hold or Sell?

After a profit beat in the last quarter and a significant merger on the line, does Walt Disney (DIS) hold the potential to be a solid buy for prospective gains in 2024? Let’s look at its financial metrics to gauge its prospects….

StockNews.com

New York sues SiriusXM, accusing company of making it deliberately hard to cancel subscriptions

New York’s attorney general has filed suit against SiriusXM, accusing the satellite radio service of making it intentionally difficult for its customers to cancel their subscriptions

The Independent UK

Paramount Stock Gains on New Report of BET Buyout

Analyst raises chance of someone buying control of Paramount to 50%

Multichannel News

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Airbnb admits misleading Australian customers by charging in US dollars instead of local currency

An Australian court has ordered Airbnb to pay a 15 million Australian dollar ($10 million) fine, and the accommodation rental company could pay as much again in compensating customers who had been unaware they were being charged in U.S. rather than Australian dollars

The Independent UK

Universal May Be Planning Yet Another New Theme Park Project, And The Location Makes Sense

Universal is reportedly expanding its theme park presence to a fitting location.

Cinemablend

Comcast's Legal Battle With Key ‘10G’ Tech Vendor Gets Even More Interesting

Chipmaker MaxLinear has now countersued the cable company, claiming it stole its Full-Duplex DOCSIS technology trade secrets

Broadcasting & Cable

DeSantis attorneys ask federal judge to dismiss Disney's free speech lawsuit

Attorneys for Gov. Ron DeSantis are asking a federal judge to dismiss a free speech lawsuit filed by Disney after the Florida governor took over Walt Disney World’s governing district in retaliation for the company opposing the state’s so-called don’t say gay law

The Independent UK

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Combined Disney Plus and Hulu App Has Streaming's Most Popular Catalog, Study Finds

Disney Plus and Hulu have one-third of the most popular movies and TV shows in their combined library, Ampere Analysis finds

Broadcasting & Cable

Grandfathered YouTube Premium account owners will soon pay more

The relief from the recently increased YouTube Premium prices that grandfathered accounts enjoyed is now over.

Android Central

Disney gives us a reason to finally uninstall the Hulu app

The Hulu and Disney apps are becoming one as Disney begins adding all Hulu content into the Disney Plus app.

Android Central

TikTok's most popular songs in 2023, from Ariana De Bose to Doja Cat

Forget Spotify Wrapped... Here is the TikTok version — and it has some less-than-famous acts

Evening Standard

Spotify announces CFO to leave, days after he cashed in $9.3m in shares

Paul Vogel moved to sell stock as shares soared after it was revealed 1,500 jobs would be cut

The Guardian - UK

Spotify is making a major change to its iPhone app

Apple's App Store subscription cut has stopped Spotify from offering in-app purchases, but something's changing.

iMore

Spotify CFO cashes in £7.2m in shares after value surges on news of job cuts

Price of shares in music streaming service leaped after announcement it was laying off almost a fifth of its workforce

The Guardian - UK

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WhatToWatch

Disney Plus looks a bit different today — here's why

If you subscribe to both Disney Plus and Hulu, you can now use the former to watch videos from the latter.

Tom’s Guide

Disney Plus with Hulu has launched — here’s your first look at the super streaming app

Disney officially launched its updated version of Disney Plus — a super streaming app that combines Disney Plus and Hulu. Here's how it looks and what you need to know.

Broadcasting & Cable

Disney+ Integrates (Most of) Hulu in 'Beta,' But the Disney Bundle Has Devolved Into Confusing Shell Game

Disney Plus subscribers can now get the Disney Bundle as a $9.99 'duo' offering, but legacy Hulu customers only have access to the full $14.99 'trio' with ESPN Plus

Investors Business Daily

Shopify Investor Day Draws Mixed Reviews From Analysts. Wedbush Downgrades SHOP.

Wedbush downgraded Shopify stock to neutral after the company's investor day won mixed reviews from Wall Street analysts.

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The Independent UK

DeSantis appointees accuse Disney district predecessors of cronyism; Disney calls them revisionist

Gov_ Ron DeSantis’ appointees to Walt Disney World’s governing district have released a series of reports justifying their takeover of the government and accusing their Disney-controlled predecessors of being a part of “the most egregious exhibition of corporate cronyism in modern American history.”

International Business Times

Spotify Cuts Around 1,500 Jobs As Growth Slows

Music streaming giant Spotify said Monday it would reduce its number of employees by around 17 percent in a bid to cut costs amid "dramatically" slower economic growth.

Evening Standard

Spotify to axe one in six staff as CEO says the firm has become 'more productive but less efficient'

Spotify is to axe around 1500 jobs or one in six of its workforce in a bid to cut costs, marking a major U-turn on CEO and founder Daniel Ek’s strategy of growth through operational expansion.

Kiplinger

Walt Disney's Dividend Is Back. Will DIS Stock Follow?

Disney reinstated its dividend after a three-year suspension as shares remain depressed.

Broadcasting & Cable

DirecTV’s Rob Thun Tells Tegna to Get Direct With Either the Networks or Pay TV Customers as the Latest Retrans Dispute Devolves Into Yet Another Blackout

DirecTV’s top programming executive says he‘s ‘dead serious’ this time about no longer getting caught in the middle of a dialectic that’s seen retrans fees spike 270% since 2015. And he has a Charter-esque proposal Tegna’s probably not going to like

Multichannel News

Fixed Wireless Ad Wars Heat Up: Comcast and Charter Told to Take Down or Modify Commercials Following Complaints

The National Advertising Division once again takes cable companies to task for their FWA-targeted TV spots

The Guardian - UK

Spotify Wrapped is creepy, meaningless – and shows just how much data big tech has on you

The annual summary of your listening habits has become a phenomenon – but aside from being a marketing wheeze, Wrapped doesn’t always reflect what we truly love

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