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Digital Economy

Netflix added 8.7 million subscribers in Q3 2023 to reach 247.1 million globally

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Netflix added 8.76 million subscribers during the third quarter of the year, bringing the video streaming services' global subscribers to 247.15 million. Since the start of the year, Netflix has added close to 17 million subscribers. Revenues for the quarter reached $8.5 billion, up 7.8% compared to the same period a year prior, with operating income reaching $1.9bn. Revenue growth in Q3 reflected a 9% year-over-year increase in average paid memberships "due to the roll out of paid sharing, stro...

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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

Christine Barnum, Michael Poole and Jameson Toole join beatBread

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Fintech platform beatBread has appointed Christine Barnum as Head of Financial Operations, Michael Poole as Chief Financial Officer (CFO) and Jameson Toole as Board Advisor on AI and Machine Learning. Each executive will serve as fractional leaders, bringing "deep expertise across music operations, structured finance, and technology."  beatBread said the appointments underscore the platform’s “commitment to pairing industry credibility with financial and technical rigor as the company continues ...

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Pipeline Advance acquires valuation company Clarty Partners

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Financing platform Pipeline Advance Co. has acquired the core assets and intellectual property of valuation company Clarty Partners, bringing Clarty’s proprietary valuation technology, royalty ingestion systems, and analytical infrastructure into Pipeline’s system. The deal, the terms of which were not disclosed, excludes “any proprietary client data or confidential information relating to Clarty’s past projects.” Pipeline said the new acquisition will “significantly enhancing its underwriting a...

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Data

Streaming platform Qobuz deploys proprietary AI detection system

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Paris-based music streaming and download platform Qobuz has deployed its proprietary AI detection system alongside new tools that will identify and tag AI-created content across both new releases and its existing catalogue. Qobuz said these additions were in line with its AI Charter, published in February, and represent “concrete steps to protect artists and listeners from AI-generated content.” Using a new, proprietary tool, Qobuz has started analyzing its catalogue to identify and tag content ...

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