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Broadcast defies slide in TV audiences to draw record 123mn viewers
Founder teams up with investment firms as share price languishes
But legacy television remains vital for content producers
Plan to aggregate games offered by groups’ TV networks comes amid cord-cutting and soaring costs
Groups behind Adele and Phoebe Bridgers among those against songs recorded in higher-quality audio receiving more money
UK broadcaster blames need for cost reductions on steep falls in traditional advertising market
Netflix’s victory may still only be a partial one, as streaming remains an expensive business with low revenue per subscriber
Streaming pioneer says it is starting 2024 with ‘momentum’ as legacy Hollywood studios struggle to catch up
Streaming service will screen flagship programme as part of a 10-year agreement
The streaming giant has avoided pricey live programming but is betting fans will migrate to the pay-platform
Spotify plans to cull millions of barely listened-to tracks come as the big labels focus on artists with superfans
Industry boosted by growth in streaming platforms and continued resurgence of vinyl
Tie-ups and cuts on menu as Disney, Warner, Comcast and Paramount seek new ways to keep up
A deal could combine CNN and CBS while letting the indebted media groups cut streaming costs
Century-old studio has held discussions to sell itself to Skydance and Redbird Capital
Sharp change in tone from CEO Daniel Ek shows the platform’s need to turn popularity into profit
Co-CEO Ted Sarandos said the move is aimed at ending an ‘environment of mistrust’
Chief Daniel Ek says music streaming service’s costs too high
Industry contending with shrinking budgets races to make up for lost time ahead of crucial season
Chief executive says studios will make less content but concentrate on quality after ‘losing focus’
Region dominates continued rise in global spending by subscribers but industry faces pricing challenges
Figures reflect post-pandemic rebound in public licensing in gigs and hospitality
Casey Bloys says his ‘very dumb idea’ came while working from home during pandemic
Offer of $8.6bn is expected to start heated valuation negotiations between the two media groups
Audio streaming service adds 6mn subscribers in latest quarter, above Wall Street forecast of 4mn
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