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Media

  • Spotify’s revenue slow down will lead to 600 job losses, as tech giant becomes the latest to cull staff

    January 23, 2023

    Spotify will be cutting its global workforce by nearly six per cent with around 600 people expected to lose their jobs. The music streaming platform has joined fellow tech giants including Amazon, Google, Meta and Twitter in laying off staff, with tens-of-thousands of workers being laid off in recent weeks. Last November Meta, the owner [...]

  • Podcaster Audioboom see revenues increase to £60m but advertising headwinds could mean future layoffs

    January 23, 2023

    Podcast platform Audioboom today said it boosted its revenues to become America’s fourth largest publisher, but its boss has hinted at mass job layoffs. The company’s chief executive however hinted that job cuts could be on the horizon as vowed to control costs and “restructure” Audioboom’s sales team. The online distribution platform said its revenues [...]

  • Netflix drama: Chief executive Reed Hastings quits as big leadership shake up underway

    January 20, 2023

    Netflix co-founder Reed Hastings has stepped down as chief executive but he is staying with the company as executive chairman. The American businessman said that Greg Peters will step up from COO to join Ted Sarandos as co-CEO of the company. Hastings said he is not ready to leave Netflix entirely but is taking more [...]

  • David Crosby dead at 81: Heartfelt tributes to legendary US musician who founded The Byrds

    January 19, 2023

    US musician David Crosby, who co-founded two influential rock bands during his career, has died at the age of 81. The singer-songwriter rose to fame in LA-based folk-rock group The Byrds, who he joined in 1964 and collaborated on chart-topping hits including a cover of Bob Dylan’s Mr Tambourine Man and Turn! Turn! Turn!.  Shortly [...]

  • Microsoft confirms it will cut 10,000 jobs

    January 18, 2023

    Microsoft will be making 10,000 job cuts by the end of the third quarter of this year, the company said today confirming earlier reports. As incomes at Big Tech firms continue to decline, Microsoft has joined giants like Google and Twitter in laying off staff. Earlier today, Microsoft issued a statement, saying that the staff [...]

  • Smartphones are the new laptops with 60 per cent of UK firms now mobile only – BT

    January 16, 2023

    Almost 60 per cent of business owners now rely solely on using mobile phones to run their operations, telecoms giant BT has revealed. The investigation by BT business showed more than half of entrepreneurs have embraced flexible working, and use mobiles rather than laptops or desktops. According to BT 59 per cent of British business [...]

  • Brits switch to social media for music as concerts go meta, says Brit Awards sponsor Mastercard

    January 16, 2023

    Younger Brits are more likely to get their music recommendations from social media with TikTok and Instagram the most popular platforms. According to a new report by Mastercard 56 per cent of those aged 16-24 found their favourite music online. The report by the Brits Awards sponsor claims social media is overtaking physical concerts and [...]

  • Netflix: Guidance this week to show whether share price jump can continue

    January 15, 2023

    Streaming giant Netflix’s share price has enjoyed a six-month recovery from summer lows and the Silicon Valley titan will give investors a sense of whether it is deserved when it updates markets on Thursday. Investors ditched the stock in numbers as the firm appeared to suggest it had reached a plateau on subscriber numbers in [...]

  • Exclusive: The WhatsApp scandal in banking and its place in the City

    January 15, 2023

    The unprecedented fine from the SEC, exacted on 16 Wall Street banking giants in 2022, caused ripples on both sides of the pond last year. The collective $1.8bn in punishments doled out to a group consisting of names such as Barclays, Citigroup, Goldman Sachs, and Morgan Stanley, was executed as staff were found to have discussed deals [...]

  • ITV’s Love Island channel ITVX is winning over investors and ‘landing well’ with advertisers

    January 13, 2023

    Streaming service ITVX triumphs in the first month following its launch, attracting viewers and advertisers alike and improving sales parent company ITV said. The free ad-supported platform has boosted ITV’s streaming hours by 55 per cent year on year, lifted by consumer demand during December’s FIFA World Cup in Qatar. Excluding World Cup coverage, streaming [...]

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