Entertainment

Battery Testing Equipment Market Size to surpass 4.6%+ CAGR up to 2028

Battery Testing Equipment Market Size to surpass 4.6%+ CAGR up to 2028

Entertainment

A comprehensive research study on Battery Testing Equipment market added on Market Study Report provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Battery Testing Equipment market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

The global battery testing equipment market is estimated to grow at a moderate rate of around 4.6% over the forecast period. The market growth is attributed to the growing demand for medical equipment and the need to reduce battery w

Star Entertainment records $198.6M loss as Covid closures hit casinos

Star Entertainment records $198.6M loss as Covid closures hit casinos

Entertainment

Star Entertainment Group, Australia’s second-largest gambling company, has reportedly posted a $198.6 million loss for the fiscal year because of Covid-related closures as well as a write-down against its flagship casino, based in Sydney.

According to the second-largest casino operator in Australia, the value of goodwill for the Star Sydney casino has been reduced by $162.5 million because of regulatory and other concerns.

Following the allegations that the company permitted alleged money laundering, foreign interference, fraud, and organized crime at its Sydney casino, the troubled firm is awaiting the results for a review in

Disney overtakes Netflix with more than 152Mn streaming subscribers

Disney overtakes Netflix with more than 152Mn streaming subscribers

Entertainment

The Walt Disney Company, the American multinational entertainment and mass media conglomerate, has reportedly announced that its over-the-top (OTT) services have surpassed that of long-time rival, Netflix.

According to the company’s earnings announcement made on Wednesday, Disney Plus supposedly added 14.4 million subscribers in the third quarter of the current fiscal year to reach a total of 152.1 million subscribers.

For the record, this figure is far beyond the industry consensus of 147.7 million.

All in all, considering the two other video streaming services of Disney, namely Hulu and

Netflix loses 1M subscribers in Q2 as rivals bite and inflation soars

Netflix loses 1M subscribers in Q2 as rivals bite and inflation soars

Entertainment

Netflix, the American streaming service giant, reportedly lost about 1 million subscribers this spring due to rising competition and soaring levels of inflation that is pressuring household budgets. This has further elevated the urgency with which the video streaming giant is putting efforts to introduce a low-cost alternative option that contains commercial breaks.

As per reports, the shedding of 970,000 accounts, disclosed on Tuesday as part of Netflix's second-quarter financial report, is by far the firm's worst quarterly subscriber loss in its 25-year history. However, it could have been worse given that Netflix management had issued an estimate in April wher

Korean OTT platforms Seezn and Tving merge to compete with Netflix

Korean OTT platforms Seezn and Tving merge to compete with Netflix

Entertainment

Fierce competition among over-the-top (OTT) platforms in South Korea has reportedly led domestic streaming firms to band together in an attempt to challenge the market leader, Netflix.

With domestic firms increasing their user base through mergers, the dominance of the streaming market in Korea will now boil down to a competition over who can provide better and more original content, according to industry analysts and officials on Monday.

On July 14, the telecommunications operator KT stated that it had reached an agreement with CJ ENM to merge Seezn, its streaming service platform, with CJ ENM's Tving platform.

Short video app TikTok testing interactive minigames for live streaming

Short video app TikTok testing interactive minigames for live streaming

Entertainment

TikTok is reportedly testing games in its video-sharing app in Vietnam, which is part of the company's push into the gaming arena. One of the most popular platforms for video-sharing is aiming to make gaming a part of its platform to boost its advertising revenue and provide more screen time for its users.

Sources claimed that investors got attracted to Vietnam as it has over 70% tech-savvy population under the age group of 35, making the country a desirable market for several social media platforms such as YouTube, Facebook, and TikTok. Even parent company ByteDance has plans to expand its gaming offerings in Southeast Asia, which could happen as early as the third

Netflix axes over 150 jobs in the wake of slowing revenue growth

Netflix axes over 150 jobs in the wake of slowing revenue growth

Entertainment

Netflix has reportedly announced that it has laid-off over 150 employees, mainly U.S. staffers, to alleviate the increasing strain of costs in face of a slowing growth in revenues.

A spokesperson of Netflix, in an email, stated that as the company experiences a reduction in earnings, it needs to subsequently reduce the amount of cost required for its growth. The company expressed deep sorrow over its decision to let go of approximately 150 of its employees, primarily from the U.S. pool.

The spokesperson added that such difficult decisions are taken in terms of the business needs and not individual performance. The company will suppo

Seoul City, Kakao to build South Korea’s first and largest K-pop arena

Seoul City, Kakao to build South Korea’s first and largest K-pop arena

Entertainment

South Korean Internet giant, Kakao Corporation, has reportedly signed an agreement with the Seoul Metropolitan Government to construct the country’s first and largest concert arena dedicated to K-pop performances.

The construction of the multicultural complex, named Seoul Arena, will start in June and is expected to finish by October 2025.

Seoul Arena will be located in the capital city’s northern Dobong-gu district and will have the capacity to accommodate over 20,000 attendees for each event.

As per Kakao, the arena will be comprised of venues specialized for music concerts and have aro

EU antitrust regulator approves Amazon’s $8.5B acquisition of MGM

EU antitrust regulator approves Amazon’s $8.5B acquisition of MGM

Entertainment

The antitrust regulator of the European Union has reportedly approved American giant Amazon’s proposed takeover of Metro-Goldwyn-Mayer (MGM) for $8.5 billion. Due in part because MGM's content cannot be classified as ‘must-have’.

According to reports, the acquisition is currently still awaiting approval from the United States FTC.

The European Commission approved the agreement proposed in May 2021 earlier this week. The commission stated that the deal will pose no concerns of competition in the European Economic Area (EEA).

The European Commission concluded that the deal would n