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Netflix loses subscribers for the first time in a decade

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Netflix reports losing 200,000 subscribers during the first quarter. They expect to lose another 2m in the next.

This is the first time in almost a decade that the company has suffered a drop.

“Our revenue growth has slowed considerably as our results and forecast below show,” the company notes in the letter to its shareholders.

The news impacted the company’s stocks as they fell 25%

In its letter, the company states four prime reasons for the drop. It includes the deceleration in broadband rollout, their competitors, COVID and the war in Ukraine.

Additionally, the company estimates that on top of their 222m paying households, the service is being shared with an additional 100m households.

As Netflix tries to work on its revenue re-growth, it will be holding its operating margin at around 20%.

Shreya Vats contributed to this report

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Who made your favourites list on Spotify?

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Spotify has been unwrapped, showcasing top songs, artists and albums that have been listened to this year

Spotify users are sharing their most-streamed songs, artists and albums from 2022.

The annual Spotify Unwrapped puts together a list the streaming service’s most popular tracks each year.

Bad Bunny is the first to top Spotify’s most-streamed artist list three years in a row. The Puerto Rican rapper was behind 18.5 billion streams.

Taylor Swift came a close second, followed by Drake, The Weekend and BTS.

Meanwhile, Harry Styles’ ‘As It Was’ took out the top spot for most popular song.

Joe Rogan’s podcast finished the year on top.

The company likes to put a new spin on its lists, and this year gives users a glimpse into what your stream say about your overall taste.

They’ve worked out 16 listening personality types to best fit including The Replayer, The Specialist, and The Fanclubber.

There are also $40,000 messages of ‘thanks’ from artists for their top listeners.

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Fans tribute to Fleetwood Mac’s Christine McVie

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Christine McVie, the co-lead vocalist and keyboardist of Fleetwood Mac, has died at age 79.

The band has announced the news on Twitter, writing in a statement:

“There are no words to describer our sadness at the passing of Christine McVie. She was truly one-of-a-kind, special and talented beyond measure. She was the best musician anyone could have in their band and the best friend anyone could have in their life.”

“We were so lucky to have a life with her. Individually and together, we cherished Christine deeply and are thankful for the amazing memories we have. She will be so very missed.”

McVie wrote hits including Little Lies, Everywhere and Don’t Stop.

She died peacefully at a hospital with her family by her side.

British-American rock band Fleetwood Mac, founded in London in 1967, sold more than 100 million records worldwide, making them one of the most successful groups ever.

Fans sharing their sadness at her loss. One writing:

This hurts – but I think if the joy her talent brought to millions. Thank You Christine for sharing your gift with so many of us. Rest In Peace

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Dua Lipa granted new citizenship

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Dua Lipa has been awarded an Albanian citizenship for her engagement with the country and endeavours to raise awareness

Dua Lipa now has an Albanian citizenship after she was praised for her international efforts to raise support for the country.

The British singer has been awarded the new honour by President Bajram Begaj.

It was a monumental moment for Lipa, who plans to finish her ‘Future Nostalgia’ tour in the country’s capital on November 28.

Begaj granted the citizenship to the icon for her contribution and global engagement on ‘important social causes.’

Lipa has a strong connection to the country, co-founding the Sunny Hill Foundation with her father to raise money for struggling people.

The singer was also born in London to immigrant parents.

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