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Digital Economy

Netflix added five million subscribers in Q3 2024 to a global total of 282.7 million

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Netflix had a total of 282.7 million paid subscribers, as of September 30, 2024, after adding five million new subscribers during the third quarter of 2024. During the same period, revenue grew 15% year-over-year to $9.8 billion, while net income in the quarter reached $2.3bn. For the full year 2024, Netflix is now expecting revenue growth of 15% to approx. $38.9bn, and operating margin of 27% (vs 26% previously). "We’re pleased that we’ve reaccelerated our growth and, as we head into 2025, we ...

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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

440,000 works will each receive $3,000 as part of Anthropic’s $1.5bn settlement

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A record number of authors and other copyright holders have filed claims for compensation for the use of works covered by the $1.5 billion settlement between AI firm Anthropic and a class of authors, alongside their publishers, in the Bartz v. Anthropic lawsuit, according to a ​filing with the US District Court for the Northern District of California in San Francisco. The April 16 filing reads: "In accordance with the Joint Case Management Statement filed on January 15, 2026, Plaintiffs respectf...

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Digital Economy

Qobuz expands library through licensing partnership with Create Music Group

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Paris-based independently-owned streaming and download platform Qobuz has sealed a partnership agreement with independent music and entertainment company Create Music Group, in a deal that includes the licensing of Create’s catalogue to Qobuz subscribers worldwide.

Create’s music catalogue covers genres such as dance, electronic, rap and hip-hop genres. It will be available on Qobuz in high-end sound quality. "The partnership will also introduce Qobuz subscribers to rising talent and new rel...

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Digital Economy

Splice rolls out a new suite of AI tools

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Splice has unveiled a new suite of AI tools — Variations, Craft, and Magic Fit — that extend the music creation platform's established creator payment model into generative AI. "With these new tools, every sample in Splice’s catalogue of more than 3 million, remains traceable to its original creator, with compensation extending to AI-generated variations as well," said the company. The tools include Variations, available in the Sounds plugin, which lets producers create new versions of any Splic...

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