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News on Medial
Watchworthy will now tell you which streaming services to cancel and which to keep
TechCrunch
ยท
1y ago
Medial
Watchworthy, a TV recommendation app, has introduced new features to offer users more personalized recommendations. These include a recommendation category for streaming services called "Worthy Services" and a collaborative watchlist for movie suggestions among friends. Using its "worthy" score, which determines if a show or movie is worth watching, Watchworthy analyzes user data and preferences to suggest streaming services that align with their taste in content. The app aims to help users make informed decisions about their subscriptions as streaming service costs continue to rise. Watchworthy also provides information on over 200 streaming services like Netflix, Disney+, and Hulu.
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Netflix prepares to send its final red envelope
Economic Times
ยท
1y ago
Medial
Netflix is closing down its DVD distribution plant, marking the end of an era. The warehouse in Anaheim used to process 1.2 million DVDs per week, but now only has six employees left. The rise of streaming services has rendered DVDs obsolete from a business perspective, with Netflix's streaming revenue for the first six months of 2023 reaching $6.5 billion compared to $60 million in DVD revenue. While some loyal DVD customers are devastated by the closure, Netflix is allowing them to keep their final rentals.
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Cable Firms to FTC: We shouldnโt have to let users cancel service with a click
Wired
ยท
1y ago
Medial
Cable companies and advertisers are opposing a proposed "click-to-cancel" regulation by the Federal Trade Commission (FTC) that aims to make it easier for consumers to cancel services. Lobby groups argue that the rule would hinder their ability to offer deals to customers wanting to cancel and that cancelling part of a discounted bundle may increase remaining service prices. They also claim that retaining customers will become tougher if the FTC's proposal prevents effective communication. The FTC's proposed rules would require businesses to make cancelling subscriptions just as easy as signing up and obtain customer consent before pitching additional offers.
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Abu Dhabi's ADNOC to buy minority stake in ExxonMobil's Texas project
VCCircle
ยท
11m ago
Medial
Abu Dhabi National Oil Company (ADNOC) will acquire a 35% stake in ExxonMobil's low-carbon hydrogen project in Texas. The project has been delayed by a year and is now expected to start in 2029. The investment by ADNOC is seen as a vote of confidence in the project, which ExxonMobil has threatened to cancel if US government tax credits are restricted. The final investment decision has also been pushed back to 2025. The value of the transaction has not been disclosed.
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Netflix, Hulu, and Amazon Prime Video subscribers are hitting 'pause' instead of canceling altogether
Business Insider
ยท
8m ago
Medial
According to The Wall Street Journal, there is a rise in customers pausing and then resubscribing to streaming video services. Data from analytics firm Antenna shows that the monthly median percentage of subscribers who rejoined the same service they had canceled within the prior year was 34.2% in the first nine months of 2024. This habit of pausing and resuming subscriptions has effectively reduced the rate of customer defections within the industry. Additionally, the Federal Trade Commission's "click to cancel" rule may not have a significant impact on subscription cancellations, as streamers already comply with this rule.
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Apple to let music streaming apps in Europe link to own websites for purchases
Economic Times
ยท
1y ago
Medial
Apple has announced new measures to comply with a European Union mandate regarding transparency and competition on its App Store. The move comes after the tech giant was fined 1.84 billion euros by the EU for stifling competition from music streaming rivals. As part of the new measures, Apple will allow music streaming app developers to inform users of alternative ways to purchase digital services and provide links to their own websites for purchases. This announcement gives more flexibility to music streaming apps like Spotify, which holds a significant share of the European market. However, Apple has stated that the EU's decision does not affect its ability to charge commissions for its services.
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Share sale by large investors in Paytm, IIFL and Edelweiss before regulatory rap
Livemint
ยท
1y ago
Medial
Sharp insights supported by simple data and visuals. Most loved Mint podcasts on 35+ topics. Present across social media apps to keep you updated. 30+ articles from print edition and premium publication daily. 20% off on all smallcases. Get One Month GuruQ plan at Rs 1. Share your contact details and we will get in touch with you.
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Deepinder Goyal sets up new venture Continue, calls it 'My personal health team'
Inshorts
ยท
9m ago
Medial
Zomato Founder Deepinder Goyal has registered a new longevity venture named Continue that will focus on health tracking and mental wellness. "It is, as of now, my personal health and wellness team...which tracks and researches how to keep me running at my peak performance," he explained. Continue, started with an initial capital of โน50 lakh, is entirely funded by Goyal.
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Amazon to invest $4B (Rs. 32000 cr) in OpenAI rival Athropic.
Economic Times
ยท
1y ago
Medial
Amazon is investing up to $4 billion in the AI startup Anthropic to compete in the growing AI cloud industry. Employees and cloud customers will have early access to Anthropic's technology, and the startup will primarily use Amazon's cloud services. This move allows Amazon to keep up with rivals Microsoft and Google, which have invested heavily in AI startups. Anthropic will also collaborate with Amazon on developing technology for the company's in-house AI chips. The partnership aims to drive enterprise usage and offer customers a broad range of AI models through Amazon's cloud services.
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Netflix backs out of plan to develop blockbuster videogame
Livemint
ยท
9m ago
Medial
Netflix has decided to shift its focus away from developing high-end video games and will instead concentrate on producing casual games. The company recently cancelled its own Triple-A title, laying off around 30 employees in the process. Triple-A games are large, complex, and expensive to produce. Netflix had been working on a multiplayer shooter game, which was intended to be played on smartphones, tablets, TVs, or personal computers. The streaming giant will still consider featuring Triple-A games from third parties on its platform. Netflix aims to keep users engaged between seasons of their favorite shows and attract new subscribers with gaming content.
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You're such a hack bro: Kunal Kamra on Zomato CEO Deepinder's world record post
News 18
ยท
1y ago
Medial
Comedian Kunal Kamra criticised Zomato CEO Deepinder Goyal for sharing a post on setting world record for largest first-aid lesson at a single venue with 4,300 delivery partners. Kamra questioned Goyal on delivery partners' average income and working hours and said, "You can't [declare that]...But you can tell kgs of biryani ordered in one day. You're such a hack bro."
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