It’s the battle of the streaming giants as it becomes time for many to report their subscriber growth
Just as Netflix recorded a slump in users weeks ago, it’s been the opposite for Disney.
The Walt Disney Company has reported another jump in sign-ups for its streaming services.
More than 9 million people subscribed to the firm’s online video platforms in the first three months of the year most of them to its flagship Disney+.
There’s also good news for the company’s entertainment parks with attendance also up.
Disney’s performance was under scrutiny after Netflix reported a fall in subscribers last month.
Netflix which was one of the first to enter the streaming space has been having a harder time signing up new members amid the cost of living.
As for Disney, the company has poured investment into its streaming services referring to them as key to the future of its business.
Netflix axes over 100 jobs as streamer deals with performance crisis
The World’s largest streaming service is taking refuge in new cost cutting measures
Netflix is sacking 150 employees across the company with most of the cuts happening in the United States.
It comes after the company recorded a large fall in subscribers, for the first time in a decade.
The news sparked an investor sell-off, with the firm’s stock plunging 35% in one day.
The layoffs represent only 2 per cent of the company’s total staff.
Netflix also plans on introducing ads as a way of building revenue.
It also wants to tackle password sharing privileges to compensate for lower revenues.
Snapchat co-creator and supermodel pay student loans for graduating class
Student loans still get the better of most of us, a pesky debt that hurts the hip pocket
But one graduating class got the ultimate graduation gift
Otis College of Art and Design in Downtown LA got their student loans paid by off by Snapchat co-creator Evan Spiegel and his wife and supermodel Miranda Kerr.
The president of the art college announced the gift as the single largest donation in the history of Otis College.
The previous largest gift to the school was for $10 million and the screams from the students show how much it means to them.
The president says student debt weights heavily on talented graduates and the couple’s donation will be life-changing for the Class of 2022.
Spiegel created the popular instant messaging app with two former Stanford University classmates.
The snapchat co-creator took summer classes at Otis during high school and wanted to give back to the arts college.
Spiegel and wife Miranda were given honorary degrees at the college.
Queen Elizabeth makes surprise appearance
Royal enthusiasts were delighted to see Her Majesty Queen Elizabeth make yet another surprise appearance, despite suffering from ongoing mobility issues
Elizabeth attended the opening ceremony of a new London train line which has been named in her honour.
Elizabeth can be seen wearing a bright yellow coat and hat, attending the event alongside her youngest son Edward and Prime Minister Boris Johnson.
Unveiling a plaque at Paddington Station, it comes after the Queen missed the opening of parliament for the first time since 1963.
Buckingham Palace says she is continuing to suffer from “episodic mobility issues”.
In October, the royal spent a night in hospital for an unspecified illness.
The $24 billion rail project was originally due to be opened back in December 2018, but has been plagued by delays.
The Elizabeth line will connect areas of west of London, including Heathrow airport and Reading.
Johnson says it’s “wonderful” to see the queen open the train line, adding she was in “such fine form”.
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