Streaming service

As Netflix, Disney, and other media conglomerates battled for streaming TV dominance, another kind of streaming war was raging. And there is a decisive winner in this. Twitch, the Amazon-owned platform for live-streaming gamers while playing video games, is the undisputed champion in its field. It hosts 91% of all video game streams, beating out competitors YouTube and Facebook.
Amazon’s Twitch hosts 91% of all video game streams

As Netflix, Disney, and other media conglomerates battled for streaming TV dominance, another kind of…

Disney, the renowned entertainment conglomerate, has announced the layoff of 7,000 employees. This decision, made by CEO Bob Iger, comes amidst a decline in the number of streaming subscribers and a challenging economic environment, which has also led to similar workforce reductions by other tech companies.
Disney has announced the layoff of 7,000 employees, due to a decline in streaming subscribers

Disney, the renowned entertainment conglomerate, has announced the layoff of 7,000 employees. This decision, made…

Netflix has taken steps to limit password sharing in four more countries: Canada, New Zealand, Portugal, and Spain. The company is requesting its customers in these countries to pay an additional fee if they wish to allow friends and family members who do not reside with them to access their subscriptions. This move comes after a similar crackdown on password sharing in South America, and it will be rolled out in the UK by the end of March.
Netflix has expanded its efforts to address password sharing to additional countries

Netflix has taken steps to limit password sharing in four more countries: Canada, New Zealand,…

Shares of Amazon experienced a 4% decline during extended trading, wiping out an earlier 7% increase, following the company's fourth-quarter earnings release on Thursday. Despite the drop, the e-commerce giant's results exceeded expectations as its revenue reached $149.2 billion, surpassing the estimated $145.2 billion from Refinitiv analysts. Amazon attributed its net sales growth to a "record-breaking holiday season," highlighted by over $1 billion generated in the US during the five-day period from Thanksgiving to Cyber Monday.
Amazon stock declines despite fourth-quarter revenue beat.

Shares of Amazon experienced a 4% decline during extended trading, wiping out an earlier 7%…

Netflix has added spatial audio support to its Premium plan, offering high-fidelity audio enthusiasts a rich, cinematic sound experience on any device without the need for additional equipment. The addition of spatial audio, which is now available on over 700 titles including popular shows such as Stranger Things and Knives Out, is accompanied by a "spatial audio" icon to help customers easily identify compatible content.
Netflix premium upgrade brings spatial audio and increased download devices

Netflix has added spatial audio support to its Premium plan, offering high-fidelity audio enthusiasts a…

Netflix announced that it will be officially charging for password sharing in early 2023, according to its October letter to shareholders. This decision follows a pilot password-sharing program that was rolled out by the company in March and faced immediate backlash. Despite this, Netflix has stated its intention to monetize account sharing by requiring subscribers to pay an extra fee for sharing their accounts with individuals outside their households.
Netflix implements measures to address unauthorized password sharing

Netflix announced that it will be officially charging for password sharing in early 2023, according…

In order to provide fans of its well-liked "Stranger Things," "Bridgerton," and "Squid Game" episodes with a "immersive" experience, streaming giant Netflix has created a store in Los Angeles.
Netflix opens ‘immersive’ store for fans of popular shows

In order to provide fans of its well-liked “Stranger Things,” “Bridgerton,” and “Squid Game” episodes…

In an effort to retain customers, Netflix is providing a less priced streaming alternative with advertisements in November. The plan will be accessible in 12 nations, including the US, Canada, Australia, the UK, and Mexico. According to the company, the service will cost $6.99 per month in the US and £4.99 per month in the UK.
Netflix ad-supported service to launch in November

In an effort to retain customers, Netflix is providing a less priced streaming alternative with…

The Middle East's fastest-growing video streaming service, Starzplay Arabia, anticipates a 40% increase in yearly income over 2021 thanks to the popularity of its anime and sports content. Turkish shows are "doing incredibly well," according to Maaz Sheikh, co-founder and CEO of Starzplay, while the platform is noticing an increase in interest in its Paramount+ original films and TV episodes, which make up its core offering of films and series.
Netflix’s Middle East competitor Starzplay expects 40% rise in revenue

The Middle East’s fastest-growing video streaming service, Starzplay Arabia, anticipates a 40% increase in yearly…

Spotify's competition in the Arab world, Anghami, claimed a 29% increase in first-half revenue as its member base expanded. The revenue for the six-month period ending in June increased to $21.1 million, according to a statement released on Tuesday by Abu Dhabi-based Anghami.
Anghami sees 29% growth in revenue in first half of 2022

Spotify’s competition in the Arab world, Anghami, claimed a 29% increase in first-half revenue as…