Gaming growth combining pandemic and new devices
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Gaming business is growing in the pandemic with US spending on the industry up 30% in the first quarter this year to USD 14.92 billion while the increase for 2020
Read all the latest news on the media industry, communications and top publishers, summarized by Moonshot News.
Audio book sales booming during pandemic
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Digital audiobooks continue to be the fastest growing segment in publishing. Publishers are making more money and with increased production, customers are getting more to choose between. The audio books
Streaming on its way to overtake pay-TV
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Streaming will overtake pay-TV in terms of US consumer spending by 2024. Pay-TV services fell by 8% in 2020, totaling USD 90.7 billion and the decrease will continue, with pay-TV
Netflix to open Nordic hub in Stockholm
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Netflix announced the company is opening a Nordic office based in Stockholm. The office will open in the second half of 2021. Lina Brouneus, Netflix director of acquisitions and co-productions
Spotify reports slow growth in Europe
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Spotify says it expects total premium subscribers around 162 million to 166 million for the second quarter with a total revenue in a Euro 2.16 billion to Euro 2.36 billion.
Philippine investigative journalist gets UNESCO Award
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Investigative journalist and media executive Maria Ressa of the Philippines has been awarded UNESCO’s World Press Freedom Prize. She has in recent years been attacked by authorities for her independent
Pinterest: higher ad revenues and lower user engagement
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Pinterest’s quarterly results beat expectations concerning ad revenues, but the social site noted that user growth is slowing and engagement is lowering as a result of easing Covid-19 restrictions. Monthly
Spotify challenging Apple
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The competition for the leader position on the podcast market has taken another step. Spotify announced its own paid subscription platform where podcasters can charge extra for exclusive content. The
Springer appointing publishing CEO
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Claudius Senst (35), Chief Operating Officer at Springer-owned Insider, has ben appointed Chief Executive Officer at the company’s BILD Group and WELT Group. In this newly created position, Senst will
Berlusconi’s Mediaset going pan-European
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Italian commercial broadcaster Mediaset, owned by Berlusconi family, announced that it is planning a European expansion and that it will move its headquarters from Milan to the Netherlands. “We believe