French, Dutch authorities raid Netflix offices in tax fraud probe business Article 374 words 14 votes
Spotify said Monday that it will cut 6% of its workforce to reduce costs – CEO Daniel Ek took full responsibility for the job cuts, which he called “difficult but necessary” business Article 326 words 8 votes
Streaming company Storytel has signed a deal to acquire Audiobooks.com from owner KKR for $135m, extending its reach into the English language audio market business Article 442 words 9 votes
Netflix shares fall after lower-than-expected earnings and appointment of co-CEO, weak guidance for subscriber growth in third quarter business Article 305 words 11 votes
Netflix stock drops more than 10% as Q2 earnings show huge decline in new subscribers, including a loss domestically business Article 458 words 15 votes