Friday, July 1, 2022

Netflix execs say they plan no big programming changes; analysts for two banks say a cheaper ad-supported tier may cannibalize the higher-paying subscriber base (New York Times)

New York Times:
Netflix execs say they plan no big programming changes; analysts for two banks say a cheaper ad-supported tier may cannibalize the higher-paying subscriber base  —  Long Hollywood's leading innovator, the streaming service is staying the course, despite serious challenges to its business and questions about its content.



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Tencent reports Q2 revenue up 11% YoY to ~$30.4B, above ~$30B est., and net income of ~$8.3B, driven by surging WeChat advertising and resilient game spending (Bloomberg)

Bloomberg : Tencent reports Q2 revenue up 11% YoY to ~$30.4B, above ~$30B est., and net income of ~$8.3B, driven by surging WeChat advert...