Industry Updates

Netflix Gains 9.6 Million Subscribers in the First Quarter of 2019 17 April 2019

According to the Q1 reports of Netflix, the video streaming giant adds 9.6 million new subscribers in the first three months of the year, despite increasing competition from rivals. Now, Netflix has a total of 155 Million global users with … Continue reading

SonyLIV Adds Live Sports Events to Premium Subscription Plan 16 April 2019

SonyLIV – the popular Indian streaming platform, now includes live sports events such as NBA, UEFA Champions League, and other international content, in its premium subscription pack. Despite the inclusion of live sports content, SonyLIV has made no changes to … Continue reading

Hulu Buys Back AT&T’s 10% stake for $1.43 billion 16 April 2019

Hulu, the American streaming service company acquires AT&T’s 10% (technically 9.5%) stake in the company over a deal of $1.43 billion. With this transaction, the unprofitable Hulu now values at $15 billion. As AT&T exits the board, Disney and Comcast … Continue reading

Amazon Ready to Launch a Free Music Streaming Service by the End of April 15 April 2019

According to insider sources, e-Commerce giant – Amazon may launch its free ad-supported music streaming service before the end of this April. The service would be made available only on company’s Echo devices through Alexa and is supposed to offer … Continue reading

ESPN+ to Gain 12 Million Subscribers Worldwide by 2024 15 April 2019

ESPN+, the sports streaming service owned by Disney, is expecting to attract 8 to 12 million subscribers by the end of 2024. Although, ESPN+ is supposed to incur US $650 million annual losses for the current financial year 2019-2020, the … Continue reading