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Digital Economy

Netflix’s shares tumble as the service announces its first loss in subscribers

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For the first time in the history of the video streaming service, Netflix has announced that it lost subscribers, putting an end to an on-going growth trend that started at the launch of the service in 2007.

Netflix lost a net 200,000 subscribers during the in the first quarter of the year, compared to the previous quarter (221.64 million versus 221.84 million) and the management of the SVoD service forecasts that it would lose another 2 million in the second quarter, with a total of 219.64...

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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).

Digital Economy

Zebralution promotes Tina Jürgens to COO

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Zebralution has appointed Tina Jürgens as COO of the GEMA-owned digital distribution company for independent labels and artists. She will be part of the management team, alongside Founder and CEO Kurt Thielen and co-Founder and President & General Counsel Sascha Lazimbat.

Jürgens was previously Managing Director of the Zebralution subsidiary zebra-audio.net. In her new position, Jürgens will conbtinie to be based in Berlin and reports to Thielen.

Luisa Abraham, who served most r...

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Creative Industries

Quotes of the week — Week 37, 2022

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"I don't know what to say. What a dump."By Elton John, taking to the stage at the White House where he was presented by President Joe Biden with the National Humanities Medal, during an event on the South Lawn of the White House, drawing laughter from the audience. He went on to perform 'Your Song', 'Rocket Man', 'Tiny Dancer' and 'Crocodile Rock'. John was unaware that he was receiving a medal as President Biden and first lady Jill Biden invited him to the White House to thank him for his musi...

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Creative Industries

Key figures — Week 37, 2022

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1.68 billion

That's the estimated number of SVoD subscriptions in the world by 2027, up from 1.2 billion in 2021, according to a report from Digital TV Research. By 2027, SVoD global revenues will reach $132 billion.

€364.4 million

That's the value of the French recorded music market in the first half of the year, up 8.2% compared to the same period the year before, according to statistics published by trade organisation SNEP. Digital accounted for €282m during the period, up 14% year-...

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