Music and Video news

Spotify Technology S.A. (NYSE: SPOT) said on Wednesday that its revenue in the fiscal fourth quarter came in better than expected. Its loss in Q4, however, remained wider than what analysts had anticipated. Spotify also gave dovish guidance for the first quarter on Wednesday. The NYSE-listed shares of…

In an announcement on Wednesday, the Walt Disney Company (NYSE: DIS) said it will slash its workforce by 32 thousand jobs as the ongoing COVID-19 crisis continues to wreak havoc on its business. The company said the lay off will primarily affect workers at its theme parks where foot…

Warner Music Group Corp. (NASDAQ: WMG) reported its financial results on Monday that highlighted a 0.2% year over year growth in its fourth-quarter revenue. On a constant currency basis, total revenue was down by 1.1%. Warner Music said that its net income in the fourth quarter printed at £750 thousand.

The Walt Disney Company (NYSE: DIS) reported a sharp increase in subscribers for its streaming service in the fiscal fourth quarter. Disney also said that its revenue was better than expected in Q4. But officials said on Thursday that Disneyland was likely to remain closed for the public…

Streaming video giant Netflix Inc (NASDAQ: NFLX) announced on Thursday it will raise prices for U.S. customers and investors cheered the announcement.  Price increase details Netflix’s standard subscription plan increases by $1 a month to $14 and its premium subscription plan goes up by $2 to $18 a month.