Tencent Music achieves paid subscriber growth of over 40% in Q2, now has 66.2 million listeners

China’s Tencent Music Entertainment Group beat Wall Street’s expectations for second-quarter earnings on Monday, when its advertising business rallied and more people signed up to its music streaming platform. Subscribers paid for the company’s online music service grew 41 percent to 66.2 million, thanks to investments in long-format audio and an updated music library expanded … Read more

Netflix paid $55 million for Leonardo DiCaprio and Jennifer Lawrence Team-Up: Report

Netflix reportedly paid $55 million (about Rs. 409 crores) for the combined talents of Leonardo DiCaprio and Jennifer Lawrence for its upcoming sci-fi sci-fi comedy Don’t Look Up, from Oscar-winning writer and director The Big Short, Adam McKay. This includes a salary of $30 million (about Rs. 223 million) for DiCaprio and $25 million (about … Read more