Peacock Stalls; Tech's Tough Q2; Spotify Tops Forecasts; Hulu to Take Political Ads After Backlash

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Tech News

July 28, 2022

Peacock Paid Subscribers Stall at 13 Million in Q2, Streamer Sheds 1 Million Monthly Active Accounts

Peacock ended the second quarter of the year with 13 million paid subscribers, showing stalled growth.

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Meta Posts First-Ever Revenue Drop for Q2, Will Cut Headcount Growth Over the Next Year

After years of the arrow pointing up, Meta -- the company formerly known as Facebook -- reported its first quarterly revenue decline.

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YouTube Ad Revenue Inches Up 4.8% in Q2, Slowest Growth in More Than Two Years

YouTube's ad revenue in Q2 2022 decelerated to its lowest pace in more than two years.

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Spotify Subscriber Base Jumps 14% in Q2 to 188 Million, as Streamer Comes in Above Expectations

Spotify turned in strong Q2 numbers, beating expectations for total and paid subscriber adds and reporting 23% revenue growth.

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Twitter to Musk: Pay Up

However this tweetstorm ends, Elon Musk will come out a loser.

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Disney Changes Hulu Policies to Accept Political Issues Ads, After Democrat-Fueled Backlash Over Rejection of Abortion and Gun Spots

Disney said Hulu will accept ads for political issues, after Democrats lambasted the streamer for rejecting ads on abortion and gun issues.

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Digital Ad Giants Signal Troubling Times Ahead

New VIP+ Analysis: A bleak warning from Meta about the macroeconomic picture has investors worried about the future of the sector.

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Snap Misses Already Lowered Q2 Expectations, Says It Will 'Substantially Slow' Rate of Hiring

Snap reported Q2 2022 results that came in under analysts' already reduced expectations, sending the stock down more than 20%.

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Facebook to Share Ad Revenue With Creators, Music Rightsholders on UGC

Meta has announced that it will share ad revenue with creators and music rightsholders on user-generated content.

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NFT Activity in the Entertainment Industry: Summer 2022 Update

New VIP+ Analysis: Discover what the major companies in TV, streaming, film, gaming, music and sports are doing in NFTs in the crypto winter …

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Kim Kardashian, Kylie Jenner Join Calls Urging Instagram to Stop Copying TikTok

Kim Kardashian and Kylie Jenner, two of Instagram's most-followed celebs, want the social service to stop trying to mimic TikTok.

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Inside the Multi-Billion Dollar Battle Royale Over Music-Streaming Royalties

The music industry and some of the world's biggest companies brawl over billions of dollars in royalties generated by streaming services.

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Sports TV Has Been Slow to Embrace FAST Channels 

New VIP+ Analysis: Mainstream sports networks and leagues are lagging when it comes to understanding the monetization value FAST offers.&nbs …

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Meta Hires 'Nope' Star Keke Palmer to Try to Explain the Metaverse

Keke Palmer hosts Meta's "Are We There Yet?", a video series hyping the "boundless possibilities" of the tech giant's VR platforms.

                                                           

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