Apple Music Hits 38 Million Paid Subscribers

Apple Music Hits 38 Million Paid Subscribers

Apple’s streaming music service now has 38 million paid subscribers, up from 36 million in February, the company said on Monday.

Apple is locked in race for subscribers with, Alphabet’s Google and others as streaming music becomes the dominant form of paid music consumption. Apple’s number compares to 71 million premium subscribers at the end of 2017 at industry leader Spotify, which plans to list shares in the coming weeks on the New York Stock Exchange under the ticker symbol SPOT.

Apple said Eddy Cue, senior vice president of Internet software and services, disclosed the most recent subscriber number for Apple Music at the South by Southwest festival in Austin, Texas.

Amazon Music Unlimited has 16 million paying subscribers, and Pandora Media has 5.48 million total subscribers. Google does not release paid subscriber numbers for its service, Google Play Music.

Apple, Spotify, Google and other services charge $9.99 (roughly Rs. 650) a month for music. Amazon offers its service to members who already pay for its Prime membership, which includes shipping, video content and other benefits, for $7.99 per month.

In addition to its paid service, Spotify also offers an free ad-supported version to help draw users into the service. Apple Music does not offer an ad-based version and instead uses a three-month free trial to lure customers. Cue said Apple has 8 million subscribers currently in the free trial period, the first time Apple has disclosed the number of trial users.


Netflix adds 6.7 Million Subscribers in Q1 2016

Netflix Adds 6.7 Million Subscribers in Q1 2016

Streaming video carrier Netflix forecast US and international subscriptions might develop at a slower tempothan Wall road anticipated this area, sending its shares tumbling 8 percent in after-hours trading on Monday.

Netflix stated it expected to feature approximately 500,000 clients in the america inside the 2nd sectorthat ends in June, in comparison with Wall avenue goals of 586,000, in step with FactSet StreetAccount. The forecast includes a “modest effect” from the start of a fee increase for its month-to-month movie andtv subscription provider, the business enterprise said.

The employer regarded for its unique shows together with “Orange is the new Black” and “house ofplaying cardssaid it predicted to feature about 2 million subscribers in markets out of doors the united states, as opposed to analyst expectancies of three.5 million, consistent with FactSet. It also saideffects for the primary sector, whilst subscriptions outpaced its own goal.

Netflix is liable to huge stock rate swings as traders bet on the viable fulfillment of its venture to redefinetv viewing around the world.

The agency‘s lengthyterm consequences rely in big component on how speedy and profitably it expands. Netflix has released in nearly each united states of america in the world, at a sizable value, and now faces the undertaking of adapting the service to extraordinary markets and cultures as competitionalso rush in.

In January, Netflix went stay in more than 130 international locations, a large international push by usingchief government Reed Hastings to counter slowing boom inside the u.s.a..

initial signu.s.a.had been confined in some international locations due to the fact the provider at thisfactor offers only English-language content material and does no longer receive all of the neighborhoodpayment options, Hastings stated on Monday.

“Over the subsequent couple years as we further localize, we’re going to be able to see extrapossibility,” Hastings told analysts on a convention name.Netflix has no longer but released in China,wherein it’s been exploring an access for a while. It stated on Monday it turned intopersevering withdiscussions” and that “something we do,” the chinese language market could have only a modesteconomic impact close totime period.

The employer previously promised “materialworldwide earnings in 2017 because it starts offevolved toacquire the benefits of its highly-priced enlargement. A spokeswoman said Netflix is sticking with that forecast.

“I assume that those who trusted unbridled global growth are beginning to have 2d mind, and theenterprise now faces domestic competition that could limit its ability to grow home profitability,” statedWedbush Securities analyst Michael Pachter, who has an “underperform” rating on the inventory.

Amazon introduced it would offer its video streaming service as a standalone month-to-monthsubscription as it seems to pressure club in its top subscription carrier.

Netflix said its forecast for fewer worldwide additions than the previous 12 months was because of hardcomparisons with the 12 monthsin the past length when it had launched in Australia and New Zealand.

The corporation will begin boosting charges for more than 1/2 of its US contributors from may also.

we are rolling this out slowly over the year, in place of frequently in might also, so we are able toexamine as we pass,” the employer stated in a declaration.

Netflix also said it anticipated to growth its spending on movie and television content from about $fivebillion in 2016 to more than $6 billion in 2017.

From January through March, Netflix delivered 6.7 million subscribers, bringing its international general to81.five million.

internet income for the sector was $28 million. earnings according to proportion got here in at 6 cents, beating the forecast of 5 cents from analysts surveyed by Thomson Reuters I/B/E/S.

over the past yr, Netflix stock had risen extra than 60 percentage, making it the No. three performer at theS&P 500.

The organization‘s stocks have been down 8 percentage at $ninety nine.70 in after-hours buying and selling on Monday.

© Thomson Reuters 2016
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Tags: Apps, home leisure, internet, Netflix

HBO Now Streaming Service Nears 1 Million Subscribers: Time Warner

HBO Now Streaming Service Nears 1 Million Subscribers: Time Warner

Time Warner Inc. said its HBO Now streaming service is nearing 1 million subscribers, up from the 800,000 at year end.

Chief Executive Officer Jeff Bewkes announced the new tally Tuesday at a Deutsche Bank investor conference in Palm Beach, Florida. The previous year-end total came in a February 10 conference call.

HBO charges $15 (roughly Rs. 1,000) a month for the online service, part of the company’s effort to counteract so-called cord-cutting and compete with Internet services including Netflix and Hulu. HBO is increasing its original programming by 50 percent to 600 hours annually. Bewkes said Tuesday. The online product isn’t taking viewers from its conventional pay-TV service, which signed up about 2.7 million new domestic subscribers last year, he said.

Bewkes said he didn’t expect the online HBO service to contribute to profit this year. The company is reinvesting in new markets and programming, he said.

“It’s a successful product,” Bewkes said. “We’re going to push on it.”

The surge in spending is part of a broader industry trend in which programmers like New York-based Time Warner, also the owner of Turner Broadcasting and Warner Bros., are having to increase production of original shows to combat viewer losses to Internet services and satisfy existing cable and satellite TV audiences.

Time Warner’s TNT and TBS networks, part of the Turner division, plan to double their production budgets to $1 billion (roughly Rs. 6,745 crores), Bewkes said.

As part of the effort to reach new viewers, Time Warner is considering offering other networks online outside the U.S. The HBO streaming service is expanding to Mexico, Brazil, Spain and Argentina this year, Bewkes said.

Time Warner fell 1.2 percent to $68.72 at 12:25pm in New York. The stock had gained 7.6 percent this year as of Monday.

© 2016 Bloomberg L.P.

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Tags: Apps, HBO, HBO Now, Home Entertainment, Hulu, Internet, Netflix, Time Warner Cable