Lucas Shaw

Bloomberg News

ByteDance Scraps Free Tier of Resso Music Streaming Service

By: Ashley Carman, Lucas Shaw

TikTok owner ByteDance Ltd. is scrapping the free tier of Resso, its music streaming service for emerging markets.

Bloomberg News

Hollywood CEOs Made More Than $1 Billion While Firing Thousands

By: Lucas Shaw

Striking screenwriters say media companies are raking in the cash from streaming. They aren’t. But their executives are.

Paramount Cuts 25% of Staff In Its Domestic Cable Networks

By: Lucas Shaw

Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff in its domestic cable networks.

Bloomberg News

‘Severance’ Studio Looks to Raise $300 Million in Cooler Market

By: Lucas Shaw, Sohee Kim

Fifth Season, the Hollywood studio behind the Apple TV+ series Severance and the football comedy 80 for Brady, is looking to raise about $300 million to increase its output of TV shows and movies.

Bloomberg News

Most of Netflix's New US Customers Watch Ads

By: Lucas Shaw

The people who use Netflix’s basic tier with advertising are older, poorer and less educated than the average customer for its premium tier, according to Antenna.

Bloomberg News

Peyton Manning’s Omaha Productions Becomes a Media Powerhouse

By: Lucas Shaw

The Hall of Fame quarterback has built an empire valued at more than $400 million with programming for ESPN, documentaries for Netflix and commercials for big brands.

Bloomberg News

Netflix Says It Has 5 Million Users for Its Cheaper Plan With Ads

By: Lucas Shaw

Netflix Inc. said its new ad-supported subscription plan has 5 million monthly active users, six months after its launch.

Bloomberg News

Disney to Yank Shows From Streaming Service in Savings Push

By: Christopher Palmeri, Lucas Shaw

Walt Disney Co. will soon begin removing programs from its namesake streaming service, the latest step in its efforts to reduce losses in that business.

Bloomberg News

Why Your Spotify Subscription Is About to Get More Expensive

By: Lucas Shaw

After almost a decade of strong growth, the music industry is slowing down.

Bloomberg News

K-pop Giant Hybe Seeks to Raise Around $380 Million for US Deals

By: Sohee Kim, Lucas Shaw

Hybe Co., the South Korean music agency behind BTS and Ariana Grande, is seeking to raise around 500 billion won ($380 million) to fund acquisitions in the US and expand its business beyond K-pop.