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Telecommunications & Media

Elon Musk to invest $1 billion in Skydance as funding draws attention

Elon Musk is reported to have invested about $1 billion in newly created media company Skydance. The investment was reported days after Paramount acquired Warner Bros. Discovery for $110 billion and launched an integrated company. The new entity is combining platforms and networks including Paramount+, HBO Max, CBS and CNN. Musk’s funds were reported to coincide with additional contributions from existing investors, with Laurene Powell Jobs also involved.

Games & Commerce

Netflix confident despite drop in viewing time, hints at price hikes and more ads

Netflix has set stronger monetisation as a key task amid concerns over falling viewing time. It said it would raise prices when needed and increase advertiser demand, while expanding originals, live events and third-party content. Viewing metrics have declined, and Netflix has carried out layoffs and executive changes. It cited NFL broadcasts, a Grand Theft Auto VI preview and a TF1 partnership as expansion examples.

Telecommunications & Media

YouTube and TikTok emerge as rivals, adding to Netflix\'s new growth dilemma

Netflix released its third-quarter results on Oct. 20 and showed its ability to generate profits remains intact, but the market reaction was negative. Revenue rose 12 percent to $12.9 billion, while growth was the weakest in three years. Concerns over viewing-time growth, especially in the United States and Canada, weighed on sentiment. The company also faces competition from YouTube and TikTok and a lack of new hits.