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Disney vs Netflix – who will win the streaming revenue raise?

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Netflix and Disney shares fall as the streaming companies fight to stay on top of their game

Investors to evaluate Walt Disney’s shift from cable television to subscription service as the company’s shares fall by 31 percent.

This comes after Netflix announced its first ever decrease in subscribers last month. The company reported a loss of 200,000 subscribers in its first quarter while predicting more losses ahead.

Netflix’s decision to suspend its services in Russia also led to a loss of 700,000 subscribers. It’s shares have also fallen by a staggering 71 percent this year, a bigger loss than its competitor Disney.

While Netflix struggles with its subscriber count, FactSet Estimates predicts Disney+ to have attracted 5.3 million new subscribers through march leading to a total of about 135.1 million subscribers.

Disney also predicts it will have amassed more than 230 million subscribers by September 2024.

Netflix is reportedly considering adding an advertisement-based subscription option by the end of the year as the company looks at how to stay competitive in the increasingly saturated streaming market.

In a previous statement, Netflix’s chief executive said they were looking to introduce advertisements in a year or two but a leaked internal note to the employees has revealed the company is introducing it as early as October 2022.

The note also says Netflix will begin cracking down on password sharing by monetizing it.

All of this has resulted in Netflix being sued by shareholders who argue they have been mislead about the state of the company and future prospects.

Rijul Baath contributed to this report

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Singers dedicate ‘F— you’ anthem to U.S Supreme Court

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The song was an anthem for many millennials growing up, it’s a catchy song that embodies how we feel sometimes, but now the tune has a new reason to be remembered

Pop sensation Olivia Rodrigo joined artist Lily Allen in singing the iconic song “F— You” in response to the Supreme Court overturning of Roe V. Wade.

Glastonbury festival is taking place in England and the five-day event has already had some choice moments against the supreme court ruling.

American artist Phoebe Bridgers asked the audience to chant “F— the Supreme Court” during her set

This iconic mash-up of teen icon Rodrigo with the icon of millennial youth, Allen, is one that will surely be remembered.

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Mr Happy Face crowned world’s ugliest dog

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Mr Happy Face has a reason to smile, his crooked head and hairless body has received a crown

With a tuft of punk-style hair and a tongue sticking out, a dog named Mr Happy Face has been crowned the world’s ugliest pooch.

Organisers say the world-renowned event “celebrates the imperfections that make all dogs special and unique”

The 17-year-old pooch defeated nine competitors to take the top title

The champ was adopted as a rescue last year by a 41-year-old Arizona musician

She says Mr Happy face enjoys “sleeping, snoring, woofing in his sleep and making odd sounds when he is happy”.

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Body behind Eurovision “understands the disappointment” over next host city

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Ukraine’s Kalush Orchestra won the Eurovision contest in May, capturing the hearts of the world

After taking out the win, that would mean Ukraine would host the competition next year.

But the European Broadcasting Union announced last week it could not be held in Ukraine following Russia’s invasion.

The body behind Eurovision now says it “understands the disappointment” over its decision not to hold next year’s song contest in Ukraine.

The EBU said it was in talks with the BBC to host the contest in the UK.

That’s because British entrant Sam Ryder came second in this year’s contest with his single Spaceman.

The announcement was met with disappointment by Ukrainians but the E-B-U doubled down on its position, saying in a statement that it “fully understands the disappointment that greeted the announcement”.

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