It’s on: Twitter’s board and Elon Musk negotiate into the early hours over £36bn bid to snap up the social media giant April 25, 2022 Elon Musk and Twitter’s board negotiated into the early hours of this morning over the Tesla chief’s bid to buy the social media platform, The New York Times reported. Musk said last week that he had lined up $46.5bn, or £36.2bn, in financing to buy Twitter, putting pressure on the company’s board to negotiate a [...]
Chart topper: Audioboom marks maiden profit after true crime podcast boom April 25, 2022 Podcast firm Audioboom has made a maiden profit after success with true crime podcasts and beating its own records for monthly downloads. In final audited results for the year ended 31 December 2021, the London listed firm posted revenue of $60.3m, an increase of 125 per cent on 2020. The firm reported maiden annual net [...]
Zinc Media: London television division returns to profit for first time since 2017 April 22, 2022 Television production company Zinc Media has said its largest division, based in London and Manchester, made a profit for the first time since 2017. In results for the year to 31 December 2021, the company posted revenue of £17.5m, compared to a £30.6m sum for an 18 month period ended 31 December 2020. Mark Browning, [...]
The Obamas say goodbye to Spotify as big streamers get knocked off pedestals April 21, 2022 The Obamas are reportedly gearing up to abandon Spotify, with ambition to create more content on more platforms.
Slipping revenue and breaking-even: Covid-19 knocks media group Bonhill April 21, 2022 Covid-19 has continued to knock media group Bonhill hard, as the company reports slipping revenue, operating losses and breakeven earnings. The London-listed company had its revenue dwindle eight per cent to £16.4m in the year to 31 December, while it swallowed an operating loss of £8.3m. The business-to-business focused media firm also reported a breakeven [...]
LadBible boosts revenue by 81 per cent following glowing London debut April 21, 2022 Ladbible owner LBG Media affirmed its immense growth yesterday, revealing revenue spiked 81 per cent to £54.5m since floating on the London Stock Exchange. Managing brands like SPORTbible and Tyla, the group reported direct revenue growth of 58 per cent to £22.4m thanks to significant increases in content marketing and direct display sales in the [...]
Bookworms continue to flourish as UK publishing hits new heights April 21, 2022 Bookworms continue to find their heads buried in books beyond the pandemic, with UK publishing sales hitting a new industry high to £6.7bn in 2021. Whilst Nielsen Bookscan estimated that 212 millon books were sold last year, the highest in a decade, new data released today by the Publishers Association has revealed that total sales [...]
Podcast is the new radio for mature millennials April 20, 2022 Podcasts have well and truly entered the mainstream, with a quarter of Brits counting themselves as regular listeners.
UK must double production space if it’s going to keep up with TV and film boom April 20, 2022 The UK must double its film and television production space by 2026 if the sector is to keep pace with growing demand, according to the latest research from global real estate advisor Knight Frank.
Film and TV’s pandemic recovery: Keep the show on the road April 20, 2022 A government scheme kept production firms going during Covid-19. As the scheme closes, Leah Montebello asks whether the City is ready to step in.