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Digital Economy

Reed Hastings relinquishes co-CEO role to become Executive Chairman of Netflix

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Netflix Founder and co-CEO Reed Hastings is moving to the position of Executive Chairman, leaving the day-to-day running of the world's largest video streaming service to co-CEO Ted Sarandos and newly promoted Greg Peters, currently Chief Product and Chief Operating Officer, who will take the title of co-Chief Executive.

Peters was responsible for the launch at the end of 2022 of Netflix's ad-supported tier in 12 different countries. In addition, Netflix named Global head of Television Bela ...

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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’s new video streaming bundle StreamSaver will provide Peacock, Netflix and Apple TV+ for $15 monthly

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Cable and internet provider Comcast plans to launch a new streaming bundle at the end of May that will include Peacock, Netflix, and Apple TV+ for a monthly charge of $15.

The bundle — named StreamSaver — will be available to new and existing Xfinity Internet and TV customers. "By bringing these premium streaming services together for the first time, Xfinity is making it easy for customers to enjoy exceptional entertainment, including thousands of hours of live sports, from the best streami...

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Creative Industries

Walt Disney and Warner Bros Discovery plan to bundle Disney+, Hulu and Max in the US

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Disney Entertainment and Warner Bros. Discovery have partnered to offer a new streaming bundle that includes video streaming services Disney+, Hulu and Max.

The new bundle will be available to US audiences for purchase this summer on any of the three streaming platform’s websites and offered as both an ad-supported and ad-free plan. The companies did not disclosed the subscription rates for the bundle. Additional details regarding the bundle offer will be shared "in the coming months."

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Digital Economy

Sony Music Entertainment plans bid for Teijin’s e-comics provider Infocom Corp against Blackstone and KKR

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Sony Music Entertainment — a division of Sony Group Corp. — has set a target on Japanese e-comics provider Infocom Corp. — owned by Teijin — in a deal estimated to be worth around ¥200 billion ($1.3 billion), according to Bloomberg News.

Infocom operates Mecha Comic, one of the largest e-comic distribution platforms in Japan. SME is not the only party interested in Infocom — private equity funds Blackstone and KKR are also chasing the company. Bloomberg said a second round of bidding for T...

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