The News Guild of New York. At least 20 papers across the country have been affected so far, though there is not yet an official tally for how many employees have lost their jobs.
27.07.2022 - 13:35 / variety.com
Todd Spangler NY Digital EditorSpotify turned in strong numbers for the second quarter, beating expectations for total and paid subscriber adds and reporting 23% revenue growth.Monthly active users grew 19% to 433 million, a net gain of 19 million in Q2 and 5 million above guidance — Spotify’s largest ever Q2 growth. The company attributed the gains to reactivations in Europe and “Gen Z strength in Latin America.”Spotify’s Premium Subscribers grew 14% to 188 million, topping its guidance by 6 million, “aided by promotional intake and household plans,” the company said in announcing results.Click here to sign up for Variety’s free Strictly Business newsletter covering earnings, financial news, and more.Total revenue was €2.9 billion, up 23%, and ad-supported revenue jumped 31% to €360 million, reaching an all-time high as a percentage of total revenue at 13%.
Spotify reported a net loss of €125 million for the period. Spotify’s previous guidance was to hit 428 million monthly users and 187 million paying subs, with revenue of €2.80 billion and a net loss of €197 million.In a June 15 memo, Spotify chief Daniel Ek told staffers the company was trimming hiring plans by 25% amid broader economic uncertainty.By 2030, Spotify expects to top 1 billion users worldwide, more than double its current count, company execs said at its investors day event last month.
It also revealed that Spotify’s podcast business generated nearly €200 million in revenue in 2021, with a negative gross margin of -57%. The podcast losses will be even higher this year, peaking in 2022, according to CFO Paul Vogel; in the next five years, Spotify sees the podcast business turning a profit with gross margins of 40%-50%.At the end of Q2, Spotify had 4.4
.The News Guild of New York. At least 20 papers across the country have been affected so far, though there is not yet an official tally for how many employees have lost their jobs.
Los Angeles Lakers — including the recent lauded HBO series — but now, Lakers president Jeanie Buss and several legends of the basketball dynasty are telling the story in their own words, in a new Hulu docuseries, .«I enjoyed hearing players talk about their experience as Lakers,» Buss reflected on the docuseries when she and some of the players featured sat down with ET this week. «Some of the players we traded away [talked about] what that felt like-- and it made it very personal and very human. Those were things that I had never heard before.»The series, like Buss' legacy with the team, begins with her father, Jerry Buss, who purchased the Lakers in 1979 and immediately invigorated the franchise with the drafting of Earvin «Magic» Johnson and a 1980 NBA Finals win over the Philadelphia 76ers.
EXCLUSIVE: Max Martini is set for a heavily recurring role opposite Titus Welliver on the upcoming second season of Bosch: Legacy, the spinoff of the long-running Amazon series, on Freevee.
Elsa Keslassy International CorrespondentWassim Beji, the French producer of “Boite noire,” and SND have acquired the adaptation rights to iconic French detective novels “Fantomas” and are planning a film and a series based on the franchise. A ruthless and multi-faceted thief and assassin, Fantomas “was the first occidental super-villain featured in a serialized format, first through comic strips and later in a radio series,” said Beji, adding that “Fantomas” has also been a source of inspiration for some of the greatest artists of the 20th century, including the surrealist poet Guillaume Apollinaire.Created in 1911 by Marcel Allain and Pierre Souvestre, Fantomas is one of France’s most popular fictional characters, along with Arsene Lupin.
Carson Burton Curate Management has added book and IP manager, Becca Rodriguez, to its growing team, Variety has learned. The boutique management firm, founded by film and TV lit manager Britton Rizzio, opened its doors last year and focuses on creators in film and television, aiming to shape the careers of creatives with distinct voices. Rodriguez brings with her to Curate a deep roster of literary clients, including Chantal V.
Luca Bish's sister Claudia has jumped to her little brother's defence following the controversy that surfaced last night following fellow Love Island contestant Remi Lambert's accusations that he and Jacques O’Neill "bullied" him on the show. After Luca and Jacques, both 23, took part in a joint Instagram Live video last night - whereby the pair were seen mocking the former bombshell's rapping skills - Remi slammed their behaviour in a damning social media post. Manchester model Remi, 27, shared the mocking video on his own Instagram, accompanying it with a lengthy post that insisted the duo should have been kicked out of the villa - which was later commented on by Luca's sister Claudia insisting her brother "didn't say anything wrong".
A former anchor at CNN has found herself in some legal trouble…
ITV Love Island 's Luca Bish put paid to any split rumours between him and partner Gemma Owen ahead of the reality show's reunion special this weekend. The fishmonger, from Brighton, has fought off speculation that he and dressage rider Gemma split after the pair were seen enduring a frosty taxi ride home.
Don’t mess with Kylie Jenner and her business!
Paramount+ is performing “above expectations” in the UK, Ireland and South Korea, according to Bob Bakish, who forecast a “big year” for Western Europe to come and talked up local language content.
It’s been interesting to see the stars of the “Star Wars” Sequel Trilogy, which began with “Star Wars: The Force Awakens,” react to their massive introductions in one of the biggest films of all time. Especially, when you consider the two leads, Daisy Ridley and John Boyega, have gotten to the point where they are shying away from continuing the franchise route of their career.
Gemma Owen and Luca Bish have posed for their first loved-up selfie after finishing runner-up during the Love Island 2022 final on Sunday (July 31). The 19-year-old bikini business founder and 23-year-old fishmonger posed together ahead of jetting back to the UK with their fellow finalists.
President Joe Biden and Vice President Kamala Harris jointly endorsed Rep. Karen Bass in her run for Los Angeles mayor today.
Ariana Grande is not here for the critics!
The final week of Love Island is now in full swing as one loved-up couple will soon be crowned the winner of series eight. After eight long weeks of romance, fallouts, friendships and bombshells, only six couples now remain in the running to bag the £50,000 cash prize.
Strictly star Giovanni Pernice treated Anton Du Beke to a London lunch date on Wednesday to celebrate his 56th birthday.MORE: Exclusive: Giovanni Pernice on fitness, his BAFTA win, and learning BSL thanks to Rose Ayling-EllisBringing the birthday cheer, the professional dancer took Anton to an Italian restaurant in Covent Garden called '21' where the duo tucked into a celebratory meal.WATCH: Giovanni Pernice pays tribute to his 'leading lady'Taking to his Instagram Stories, the Sicilian-born star filmed snippets of their joyous outing. At one point, Giovanni made a hilarious tongue-in-cheek comment, poking fun at Anton's age.
Love Island star Luca Bish’s family have shared that they’ve been left feeling “broken” after the backlash received for his behaviour on the show. Luca, 23, has been blasted by viewers these past few days for his attitude towards Gemma Owen on Movie Night and Tasha Ghouri during the Snog, Pie, Challenge, of which he was accused of “bullying” the contestant.