In brief: Disney is planning to lay off some staff and institute a hiring freeze following the company’s disappointing Q3 earnings.
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In brief: More than one million people watched at least one episode of series five of Netflix’s The Crown on TV sets on Wednesday.
In brief: the live comedy special is set to stream globally “in early 2023”.
On the plus side, ITVX has been set a low bar for success, at least in terms of perception.
Increased DTC operating losses were in part attributed to investment in content production and slightly lower advertising revenue at Hulu and Disney+.
In brief: Roku warns of “a weak Q4” with declines in total net revenue and gross profit in its latest financial results.
In brief: Paramount+ added 4.6 million subscribers, growing to 46 million, driven in part by launches in international markets like the UK.
Netflix has poached five executives from Amazon, Snap, TikTok, and YouTube as it grows its ad sales team.
BARB subscribers can now see overnight and consolidated viewing data for Netflix in the UK.
In brief: SpryFox will be Netflix’s sixth in-house gaming studio following a bevy of acquisitions this year.