Spotify says music by UK recording artists generated £750 million in royalties on its platform last year. Almost 1,000 artists were played often enough to generate at least £100,000 in royalties each, the company added. The figures were revealed as…
Netflix password crackdown fuels subscriber surge
A burst of people signed up for Netflix this spring, after the streaming giant cracked down on password sharing. The company ended June with more than 238 million subscribers, adding 5.9 million members since March. That was bigger than expected…
Netflix announces password sharing crackdown rollout in US
Netflix announced Tuesday that it will begin to send emails to members who are sharing their account information outside of their households in the U.S. “A Netflix account is for use by one household,” the streaming company said in a…
Paramount Global’s content costs overwhelm Q4 streaming gains
Paramount Global’s success in streaming is hurting its bottom line. The New York owner of the CBS broadcast network and the Paramount movie studio said that the costs of generating gains in streaming crimped the conglomerate’s operating income and forced…
Spotify to cut 6% of workforce, some 600 employees
Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000 employees, the latest cost-cutting announcement among technology companies. “In hindsight, I was too ambitious in investing ahead of our revenue growth. And for this…
