Spotify Technology plans to sell a more expensive version of its music service in Scandinavia, a test to see whether it can raise prices around the world, according to people familiar with the matter.
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The SABC’s acting chief operating officer and its group executive for technology, Craig van Rooyen, has resigned, the public broadcaster said on Monday.
Walt Disney Co is pricing a new bundle of streaming services at a surprisingly low $12.99/month, challenging Netflix with a package that includes family programming, live sports and a deep library of television shows.
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%.
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.