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Digital Economy

Netflix’s share price stumbles as the video streaming service faces increasing competition

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Netflix shares went down 22% at the end Friday January 21, following disclosure that subscription growth is slowing down and that the video streaming service is facing increasing competition in the US and abroad. On Monday Jan. 24, the share price dropped another 2.6%.

The drop in value wiped out some $45-50 billion of Netflix's market value. Netflix reported it added 8.28 million global paid net subscriber during Q4 2021, which was within market expectations, but the company also said it wo...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Copyright & Regulation

The UK’s CMA completes its market study into music and streaming services without calling for a full market investigation

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The UK's Competition & Markets Authority (CMA) has concluded its market study into music and streaming services by deciding not to undertake a full market investigation, considering that the outcomes from streaming "are good for consumers."

"We have found that it is unlikely that the outcomes that concern many stakeholders are primarily driven by competition," reads the final report from the CMA. "Consequently, it is unlikely that a competition intervention would improve outcomes overall...

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Creative Industries

Key figures — Week 45, 2022

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$5.9 billion

That's the total revenue for fiscal year 2022 posted by Warner Music Group, up 12% over the year before. OIBDA reached $1.1 billion, up 13% year-on-year. 

$511 million

That's how much Elton John's 'Farewell Yellow Brick Road' tour has grossed worldwide, according to trade magazine Pollstar. John played 164 shows with more than 3.6 million tickets sold. The tour ended with a three night sold-out series of concerts at Los Angeles' Dodger Stadium.

CAS$ ...

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Creative Industries

Quotes of the week — Week 45, 2022

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“As streamers have proliferated, they have really ended back-end participation, and so this is partly an effort to try to recapture some of that value and share it in a way that’s more equitable. Not just writers and directors and stars. But also cinematographers, editors, costume designers and other crucial artists who, in my view, are very underpaid.”By US actor and filmmaker Ben Affleck in an interview with The New York Times as he just announced plans to create a new production company with...

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