Reservoir Media Revenue Up 31% on Streaming Gains
Revenue grew 21% organically in the quarter ended June 30. The remaining growth came from acquisitions such as The Spinners and Greg Kihn.
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Read more: Reservoir Media Revenue Up 31% on Streaming Gains -
Allo is a new app that aims to help people create positive habits with their finances through mindfulness
Read more: Allo is a new app that aims to help people create positive habits with their finances through mindfulnessAllo, a new financial app that can be described as Headspace for personal finance, is aiming to help users meaningfully engage with their finances without becoming overwhelmed with numbers and spending. The idea behind Allo is to help users create a mindful money practice that allows them to approach their earnings, spending, saving, investing and…
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SiriusXM Profits Up 6% on Cost Cuts Ahead of Launch of ‘Next Generation Platform’
Read more: SiriusXM Profits Up 6% on Cost Cuts Ahead of Launch of ‘Next Generation Platform’Executives say the second half of the year will see more growth, aided by the launch of a new app.
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Business, daniel ek, executive pay, Finance, Music Stocks, Spotify, streaming, Tech Industry, Tech News
Daniel Ek Sells $100M in Spotify Stock Following Earnings Report
Read more: Daniel Ek Sells $100M in Spotify Stock Following Earnings ReportThe CEO has offloaded 675,000 shares in the company, according to a new Securities & Exchange Commission filing.
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author_name|Karissa Bell, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News
Meta had its best quarter since 2021 despite losing more money on the metaverse
Read more: Meta had its best quarter since 2021 despite losing more money on the metaverseMeta just had its best quarter since 2021, even as it continues to lose massive amounts of money on the metaverse. In fact, the company said it expects to lose even more money on its efforts in the year to come.Reality Labs, the Meta division overseeing its virtual and augmented reality projects, lost $3.7 billion…
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Ava Labs, avalanche, blockchain, Crypto, digital assets, Finance, financial institutions, Tech Industry, tokenization
Avalanche Foundation to invest $50M in asset tokenization on its blockchain
Read more: Avalanche Foundation to invest $50M in asset tokenization on its blockchainThe Avalanche Foundation is allocating up to $50 million to purchase tokenized assets created on its layer-1 blockchain, the company exclusively told TechCrunch. The initiative, Avalanche Vista, aims to highlight the value of tokenization in different sectors like equity, credit, real estate and commodities. Tokenization is the process of creating a digital representation of a…
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author_name|Mariella Moon, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News
Spotify grew far more than expected, but is still losing money
Read more: Spotify grew far more than expected, but is still losing moneyIn the second quarter of 2023, Spotify saw its million monthly active users (MAU) climb to 551 million after welcoming 36 million new listeners. That represents a 27 percent increase in MAUs and is an all-time high for the streaming giant, which has ju…
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author_name|Karissa Bell, Finance, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News
Netflix added nearly 6 million new subscribers amid password sharing crackdown
Read more: Netflix added nearly 6 million new subscribers amid password sharing crackdownNetflix’s attempts to crack down on password sharing is starting to pay off. The company reported substantial growth in subscribers in the months following its push to stop users from sharing accounts with people outside of their household.The streaming company added nearly 6 million paying subscribers, an increase of 8 percent, during the second quarter…
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author_name|Kris Holt, Finance, Investment & Company Information, language|en-US, Mergers, Acquisitions & Takeovers, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News
Microsoft and Activision extend the deadline for their $68.7 billion merger to October 18th
Read more: Microsoft and Activision extend the deadline for their $68.7 billion merger to October 18thAfter 18 months of battling their way through regulatory red tape, Microsoft and Activision Blizzard are closer than ever to making their merger happen. However, with some issues still to smooth out in the UK, the companies weren’t able to neatly tie things up in time for their initial July 18th deadline. As such, they’ve…
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author_name|Will Shanklin, Finance, Information Technology, Investment & Company Information, language|en-US, Personal Investing Ideas & Strategies, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News, Technology & Electronics
Microsoft will charge businesses $30 per user for its 365 AI Copilot
Read more: Microsoft will charge businesses $30 per user for its 365 AI CopilotAt the Microsoft Inspire partner event today, the Windows maker announced pricing for its AI-infused Copilot for Microsoft 365. The suite of contextual artificial intelligence tools, the fruit of the company’s OpenAI partnership, will cost $30 per user…
