Disney’s Hotstar loses 8.4 million subscribers while Ambani’s JioCinema rises

Disney, the global entertainment conglomerate that operates several streaming platforms, suffered a 2% contraction in its total subscriber base for the quarter ending March this year. The decline is largely attributed to one specific streaming service: Hotstar. The Disney+ Hotstar platform, targeting viewers in India and Southeast Asia, lost 4.6 million subscribers in the aforementioned … Read more

Disney+ loses subscribers for the second quarter in a row, dropping 4 million subscribers

As Disney approaches its third round of expected layoffs and deals with production delays due to the ongoing writers’ strike, the company brought more bad news to investors. The main streaming service, Disney+, lost four million subscribers in the second quarter of 2023, bringing the total to 157.8 million subscribers, compared to 161.8 million subscribers … Read more

ByteDance, the parent company of TikTok, is looking at a new chapter in book publishing

After aggressively promoting its new lifestyle social media platform Lemon8 in the US, ByteDance appears to be brewing another content app for its largest overseas market. Lemon Inc., a subsidiary of ByteDance, has filed a trademark application for a range of book publishing products and services, according to a filing with the United States Patent … Read more

Amazon will license original series and movies to other media companies

Amazon announced on Monday the launch of its new Amazon MGM Studios Distribution unit, which will allow the company to license Amazon Originals and other titles to third-party media companies, including streaming services (free, with ads or subscription) and cable television. For the first time, titles such as ‘The Marvelous Mrs. Maisel’, ‘Borat Latere Moviefilm’, … Read more

SoundCloud introduces a fan engagement tool for artists

Music streaming platform SoundCloud today launched a new tool to help artists better communicate with their fans. The new product, conveniently called Fans, allows artists to message their followers and sort their listeners through various engagement measures. SoundCloud said the Fans product was available to 10,000 artists and now with this beta it’s open to … Read more

Warner Bros. streaming business. Discovery will become profitable in 2023

Warner Bros. Discovery announced on Friday that its streaming business will turn a profit in 2023. The company previously said it expected to break even in 2024 and become profitable in 2025. “It’s an important time for Warner Bros. Discovery. We’ve been through some major restructuring and repositioned our businesses with greater precision and focus,” … Read more

Warner Bros. Discovery CTO and CPO explain how they made Max less buggy

A few weeks before Warner Bros. Discovery launches its new HBO Max/Discovery+ streaming service, Max, BlogRanking spoke with WBD chief technology officer Avi Saxena and chief product officer Tyler Whitworth about building the new platform from the ground up, rolling out new features, improving the functionality, adding new technology and designing the product. They also … Read more