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Spotify Revenue Rises 7% to $4.9 Billion in Third Quarter, Driven By Paid Subscriber Gains
The music streaming giant hits 281 million premium subscribers
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AOL, Bari Weiss’ The Free Press Showcase Old and New Guard October M&A in Media
The Funding File also reports that ShopMy, a platform to help creators sell goods, raised $70 million last month while a gaming platform backed by TV giant Dick Wolf raised another $9 million
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Business
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Donald Trump Returns to ‘60 Minutes’ on His Terms | Analysis
Norah O’Donnell pressed Trump on timely topics, and got some revealing answers amid the president mocking critics and boasting about his accomplishments, looks and the Paramount settlement
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The Media Front
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Warner Bros.’ Sale Is a ‘Red Alert’ Moment for Theaters
Theaters have already been calling on Hollywood to give them more films, but Warner’s acquisition could crush those hopes
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Movies
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‘It’ Fever: Stephen King Adaptations Have Generated Over $650 Million in Streaming Revenue Since 2020
As HBO’s “It: Welcome to Derry” is off to a big viewership start, King adaptations on the whole have proven to be valuable for streamers — but the top moneymaker may surprise you
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‘The Mastermind’ Director Kelly Reichardt on What It Takes to Be an Independent Director These Days
Her new film, now in theaters, stars Josh O’Connor as an unassuming art thief
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Movies
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The Crossover Trick: How to Build a Reality TV Universe
Execs from Disney, Netflix and NBCUniversal unpack the secrets of building their all-star series
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TV
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Netflix’s Latest Documentary Lights a Spark, Stays Atop Streaming Chart
“The Perfect Neighbor” is a hit, while Netflix’s “A House of Dynamite” takes the No. 2 position
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Data & Analysis
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Amazon Ad Revenue Rises 24% to $17.7 Billion in Q3
Sales for subscription services, which includes Prime Video, grew 11% to $12.6 billion during the quarter
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Roku Swings to Q3 Profit of $24.8 Million
The company’s revenue grew 14% year over year to $1.21 billion, driven by strength in streaming services distribution and video advertising
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Creatorverse: Laid Off? Consider the Creator Economy
As Paramount and Amazon undergo a fresh round of cuts, creators are offering new opportunities
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News
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‘It: Welcome to Derry’ Frightens 5.7 Million Viewers in 3 Days, Becomes 3rd Biggest Series Premiere on HBO Max
The prequel series was outpaced only by the debuts of “House of the Dragon” and “The Last of Us”
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Ratings
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The Brother-Sister Combo Behind Jomboy Media’s Push to Make Baseball Cool Again
Office With a View: Jimmy O’Brien and Courtney Hirsch on building a YouTube business on the back of baseball fandom
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Patrick Soon-Shiong Wants to Raise $500 Million for the LA Times, but Who Would Invest? | Analysis
As a precursor to a planned IPO, the Forbes-listed billionaire is circulating a private placement offering doc that is laden with the downsides that overshadow much happy talk
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Media
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Tubi Reaches Profitability for First Time While Revenue Surges 27%
Fox reported a 5% increase in revenue on Thursday owing to the FAST streamer, cable and the return of the NFL
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