Your daily source for tech news, breaking, reviews, and insights
April 19, 2019
Netflix to invest up to $100m in a NYC production hub
According to NY Governor Cuomo, Netflix will be investing up to $100 million in a NYC production hub. The company will include six sound stages in Brooklyn and an expanded office in Manhattan's Flatiron District.
BTS got 78 million views for their "Boy With Luv" music video within its first 24 hours of the video being uploaded to YouTube. To further add, it wasn't even close. K-pop BTS group managed to get 78 million compared to 'just' 56.7 million by Blackpink's "Kill This Love."
Hulu buys back AT&T’s stake, leaves Comcast and Disney as owners
Hulu reached a deal with AT&T to purchase back its 9.5 percent stake in the company, worth about $1.43 billion. At this time, it's uncertain how this deal with affect content or power of control, but Hulu chief Randy Freer said AT&T's WarnerMedia would continue to be a "valued partner" for "years to come." AT&T said that it will use the funds to "reduce its debt."
Amazon possibly working on a free, ad-supported music service
Amazon is possibly working on a free, ad-supported music service that will directly compete with Spotify, according to Billboard. Sources say that Amazon is looking to debut the service as soon as next week.
Apple's decision to stay out of the battle could ultimately bring a lot of benefits. Reported by Variety, majority of the music streaming services object to the proposed rate increases in the coming years. Apple, a major player in the music streaming industry, is missing from the list.