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Digital Economy

SoundCloud to shed 20% of its workforce

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Music streaming service SoundCloud has announced that it will reduce its workforce by 20%, according to a LinkedIn post from the company's Chief Executive Officer Michael Weissman, who said the decision was dictated by a challenging economic climate."

"Earlier today, I shared the news that we have decided to make reductions to our global team that will impact up to 20% of our company," wrote Weissman. "Making changes that affect people is incredibly hard. But it is one that is necessary to e...

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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

Comcast-owned streaming service Peacock ended 2022 with 20 million paid subs

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Video streaming service Peacock has passed the 20 million subscribers mark at the end of 2022, according to financial information released by parent company Comcast.

The service added 5 million subscribers in the last quarter of 2022, delivering the best quarterly result since its launch in 2020. The company said the good performance was fueled by live sports, recent films and originals.

Elsewhere in the group, entertainment division NBCUniversal posted adjusted EBITDA up 4.9% year-on-yea...

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Creative Industries

Quotes of the week — Week 4, 2023

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“[2023] will be an important year given the rapid advancements in AI. There’s a paradigm shift with AI and I think, with the concentration of talent we have and work we will do here, will be a big draw and I hope it will continue to be. We have to keep earning it."By Alphabet CEO Sundar Pichai, during a town hall meeting following the announcement that the company was laying off 15,000 employees. According to CNBC, Pichai pleaded with staffers to remain motivated as Google faces heightened comp...

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Creative Industries

Main stories — Week 4, 2023

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Here's a list of stories published this week by Creative Industries News:

LEAD STORY>US Justice Department starts legal action against Google for alleged anticompetitive behaviour in the digital advertising market

COPYRIGHT & REGULATION> Spotify and Deezer urge the European Commission to put an end to Apple’s ‘anticompetitive and unfair practices’> John Asein renewed for four years at the helm of the Nigerian Copyright Commission

LITIGATION> Delhi High Court...

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