Meta: Facebook and Instagram owner plans to charge European users October 3, 2023 Meta, the parent company of Instagram and Facebook, is reportedly planning to charge European users up to $17 (£14) per month for an ad-free subscription tier. The Silicon Valley powerhouse could offer ad-free Instagram and Facebook for paying subscribers while users wishing to hang onto free access must agree to targeted ads based on their [...]
Candy Crush makes over $2bn a year – here’s how it plans to make more September 28, 2023 The president of Candy Crush creator King believes that the mobile gaming sector still offers a global opportunity.
The Spectator’s UK profit grows as magazine ‘resilient’ ahead of sale by Telegraph owner September 28, 2023 The Spectator has said its profits in the UK grew last year, as the nearly 200-year-old magazine gears up for a sale. The weekly magazine, which was first published in 1828, said it is a profitable business which has “shown resilience through tough market conditions”. The company reported an increase in its UK earnings before [...]
Everyman posts five-fold drop in losses to £4.3m but Oppenheimer effect offers hope September 27, 2023 British cinema chain Everyman has reported a fivefold increase in losses due to weak ticket sales. Everyman, which has 41 cinemas, posted pre-tax losses of £4.3m for the first six months of the year, five times the £798k lost in the same period last year. Shares dipped over one per cent on Wednesday morning. Admission [...]
Flutter: Betfair and Paddy Power owner pays £123m for Serbian betting company September 27, 2023 The owner of major betting companies such as Paddy Power and Betfair, Flutter Entertainment, has bought an initial 51 per cent stake in Serbian gambling operator MaxBet Kladionica. The Irish gambling giant shelled out €141m (£123m) for MaxBet with an option to acquire the remaining 49 per cent in 2029. Shares nudged up over one [...]
Ubisoft boss says streaming will revolutionise gaming industry September 26, 2023 Ubisoft's boss has said the gaming industry is on the cusp of a streaming revolution comparable to Netflix's transformation of television.
Elon Musk ‘not off the hook’: EU official warns X is the biggest source of fake news September 26, 2023 A top European Union official has said that the social network X, formerly known as Twitter, is the biggest source of fake news and urged owner Elon Musk to comply with the bloc’s laws aimed at combating disinformation. Ahead of upcoming elections, Google, TikTok, Microsoft and Meta also have more to do to tackle disinformation, [...]
Citadel billionaire joins Sir Paul Marshall for Telegraph bid September 26, 2023 Ken Griffin, billionaire founder of Citadel hedge fund, is reportedly joining Sir Paul Marshall to prepare a bid for the Telegraph Group.
Five times Rupert Murdoch changed Britain’s media landscape September 22, 2023 In the annals of British media history, Rupert Murdoch’s name is synonymous with sensational headlines and shocking twists – much like his newspapers. The media magnate announced that he is hanging up his boots as chairman of News Corp and the Fox Corporation, and passing on the job to his eldest son, Lachlan Murdoch. Here [...]
4,000 more UK jobs predicted with expansion of firm behind Harry Potter, Warner Bros Studios Leavesden September 22, 2023 Warner Bros Studios Leavesden (WBSL), the firm behind the Harry Potter film franchise, is to undergo a significant expansion in a boost for the UK film and TV industry. Entertainment company Warner Bros Discovery said WBSL will be expanded with 10 new sound stages and an additional 400,000 sq ft (37,000 sq metres) of production [...]