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Netflix's in-app purchase revenue drops for nine straight quarters to $38.1bn in Q2 9 OCT 2024

Streaming

Netflix's in-app purchase revenue drops for nine straight quarters to $38.1bn in Q2

Data from Stocklytics revealed that, although showcasing an increase in subscribers over the years, people are spending less money on the app.
UK's Channel 4 2023 revenues topped £1 billion for the third consecutive year 8 OCT 2024

Free TV

UK's Channel 4 2023 revenues topped £1 billion for the third consecutive year

Full 2023 revenues topped £1 billion for the third consecutive year, representing a resilient performance in a year of significant advertising downturn. Digital revenues increased 10% to £280 million, accounting for 27% of total revenues.
UK's Channel 4 appoints Rak Patel Chief Commercial Officer 7 OCT 2024

Distribution

UK's Channel 4 appoints Rak Patel Chief Commercial Officer

In this newly created role, Rak will assume leadership of Channel 4 Sales, the commercial arm of Channel 4, with responsibility for driving the organisation’s advertising revenue.
The Seven Network appointed Majella Hay as Director of Content, Unscripted 2 OCT 2024

Corporate Moves

The Seven Network appointed Majella Hay as Director of Content, Unscripted

The executive will be responsible for the creative direction and content of Seven’s unscripted entertainment programs, and work closely with the Seven sales team to drive new revenue and integration opportunities.
Venu Sports antitrust trial set to begin in October 2025 13 SEP 2024

Streaming

Venu Sports antitrust trial set to begin in October 2025

Fubo won a bid to temporarily block Fox, Warner Bros. Discovery and Disney’s sports streaming joint venture last month.