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Blue Origin lays-off 10% of staff
Blue Origin, the rocket launch business backed by Amazon’s Jeff Bezos, is laying off 10 per cent of its workforce. Some 1,400 staff will go. Positions in engineering, R&D, and programme/project management are being eliminated, and layers of management are being thinned. In a memo to staff, CEO Dave Limp said: “Over the last few…
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India: JioCinema, Disney+ Hotstar merge
JioStar, the recently formed JV with the merger of Viacom18 and Star India, has announced the launch of JioHotstar, bringing together JioCinema and Disney+ Hotstar – two of India’s leading streaming platforms. This coming together of brands creates a platform with close to 300,000 hours of entertainment, a wide array of live sports, and more…
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Roku FY revenue up 18%
Roku, the streaming specialist has reported its full year 2024 results. Total net revenue stood at $4.1 billion (€3.9bn), up 18 per cent year over year (YoY) and platform revenue was $3.5 billion, up 18 per cent YoY and up 15 per cent YoY excluding political ad spend. Gross profit was $1.8 billion, up 19…
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Eutelsat H1 revenues up 5.9%
Eva Berneke, CEO at Eutelsat, unveiled the operator’s financial results on February 14. Eutelsat’s once-reliable Video division revenues fell 6.4 per cent (€309.2 million) but each of the other verticals were in solid territory. Total revenues for the First Half of FY 2024-25 stood at €606.2 million, up by 5.9 per cent on a reported…
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Mitchell & Webb bringing new sketch show to Channel 4
David Mitchell and Robert Webb of Peep Show fame are returning to Channel 4 with a new sketch show, which sees them partner with a host of future stars, marking a return to British sketch comedy with an innovative merging of comedy minds across generations. Mitchell & Webb will be supported by an ensemble…
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Digiday+ Research: Site traffic declines are publishers’ biggest concern this year
Interested in sharing your perspectives on the media and marketing industries? Join the Digiday research panel. Traffic declines and the economy: Those were the biggest challenges publishers faced last year, and they’ll be on repeat again this year. This is a member-exclusive article from Digiday. Continue reading it on digiday.com and subscribe to continue reading…
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Love in the time of Slack: Welcome to the new era of office romance
The piece was first published by Digiday sibling WorkLife The watercooler flirtation has gone digital, with emojis and GIFs becoming the new Cupid’s arrows and LinkedIn and Slack taking the place of Tinder. According to recent studies, office romances aren’t just surviving hybrid work — they’re thriving in it. Continue reading this article on digiday.com.…
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Analysis: Western Europe leads Crime & Thriller production
Western Europe hit a record volume of Crime & Thriller production orders from leading global streaming platforms in 2024, reaching 94 titles. That’s equivalent to a 43 per cent share of all commissions by major streamers in the genre, more than the North American (NAM) and Asia Pacific (APAC) regions combined. The main beneficiary has…
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Media Briefing: A history of media companies getting into the social platform business, in light of BuzzFeed’s plans
This week’s Media Briefing looks at media companies’ previous efforts to launch (or grow) their own social media platforms, in light of BuzzFeed’s plans to tackle big tech’s algorithms by creating its own social media site. Spoiler alert: few have tried, and even fewer have succeeded. BuzzFeed’s latest pivot LA Times owner’s new right-wing venture,…
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Ofcom sets out 6 GHz spectrum sharing proposals
UK comms regulator Ofcom has published proposals for upper 6 GHz spectrum to be made available and shared between mobile and Wi-Fi services. The UK is spearheading efforts to explore the sharing of upper 6 GHz by these two different technologies, which should bring benefits to the economy, and has also been promoting this approach…