Fox Corp, Walt Disney’s ESPN and Warner Bros Discovery will join together to build a sports streaming platform, the companies have said, in a bid to lure younger viewers who have eschewed television for streaming platforms. The media companies will form a joint…
Spotify to axe 1,500 workers to save costs
Swedish music-streaming giant Spotify has announced it is cutting 17% of its workforce, about 1,500 jobs, as the company seeks to clampdown on costs. Chief executive Daniel Ek said he had made the “difficult” decision with economic growth slowing “dramatically”.…