Netflix shares soar as video services passes 200m subscribers

Netflix ended 2020 with 203.7 million paying subscribers, according to its latest financial results. The company added 8.5 million net paid members in the final quarter of the year, and 37 million in 2020 as a whole – a record for Netflix. The video streaming service generated $6.64bn of revenues in Q4, and a net profit […]

Tencent has bought $200m stakes in Warner Music Group

On Friday it emerged that Chinese tech giant Tencent had bought a chunk of shares in Warner Music Group… but confusion reigned over exactly how much it had invested. The Wall Street Journal claimed it was $200m, while MBW said it was around $100m. As it turned out, both were right. Tencent Music Entertainment, the music streaming […]

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