Vivendi is in talks to sell 10% of Universal Music Group to China’s Tencent, helping the world’s biggest music company expand in fast-growing Asian markets. Vivendi shares rose as much as 9%.
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Zimbabwe’s Econet Wireless will shut its African pay-television unit due to the country’s economic condition and shortage of foreign currency, group CEO Douglas Mboweni said.
MultiChoice Group executive chairman Imtiaz Patel received almost $1.5-million (about R21.4-million at the time of writing) in base salary, bonuses, pension and short-term incentives in the 2019 financial year.
Spotify shares fell as much as 5.1% in pre-market trading on Wednesday after the music streaming company reported slightly slower subscriber growth than investors had hoped.
MultiChoice Group’s video-on-demand service, Showmax, has been launched in Nigeria with local content and naira-based pricing.
ITV and the British Broadcasting Corporation have reached an agreement on a UK streaming venture, as they seek to respond to the incursion from digital rivals including Netflix.
Netflix shocked investors by reporting a drop in US customers and much slower growth internationally, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce.
The television network giants went through ratings hell. It’s time for Netflix’s own version of that.
Netflix tumbled after the streaming giant reported a surprise loss of US customers for the second quarter, renewing concerns about its growth prospects at a time of looming competition.
Apple plans to fund original podcasts that would be exclusive to its audio service, according to people familiar with the matter, increasing its investment in the industry to keep competitors Spotify and Stitcher at bay.