Netflix shares fall as Brazil tax hit ends earnings streak Media Netflix’s shares dipped almost seven per cent in the wake of last night’s financial report, after the streaming giant’s strong run of quarterly earnings came to an end following a $619m (£464.8m) tax charge in Brazil dragged on third-quarter profits. The streaming giant reported a 17 per cent uptick in revenue to $11.2bn, broadly in [...]
Channel 4 named fastest growing streamer amid Netflix’s UK surge Media Channel 4 has emerged as the UK’s fastest-growing major streaming platform, CityAM can reveal, beating multiple audience records in September and strengthening its digital hand with a new deal designed to rival the reach of Netflix and Disney+. The broadcaster’s streaming minutes jumped 36 per cent year-on-year, according to new BARB data, the biggest [...]
Youtube becomes UK’s second most-watched media platform Media Youtube has overtaken ITV to become the second most-watched media brand in the UK – behind the BBC – thanks to an ever increasing loyalty from young audiences, according to an annual report from Ofcom. Viewers spent an average of four hours and 30 minutes a day watching either the TV or other video content [...]