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Telecommunications & Media

YouTube dominates U.S. TV market with 1.8 times Netflix viewing

YouTube, not Netflix, was the most-watched streaming platform on U.S. televisions, as ad-supported free services also expanded their presence, the report said. Nielsen data for July showed YouTube took 14.2 percent of total U.S. TV viewing time, about 1.8 times Netflix’s 7.8 percent, while streaming overall accounted for 49 percent. The tally measured viewing time on TV screens, excluding smartphones and YouTube TV live viewing.

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.

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.