Page 56 - Insider Intelligence News Today

Amazon on Wednesday said it hopes to expand drone delivery into Britain and Italy by late next year, as it unveiled new warehouse robots and tech in its race to get shoppers what they want quickly. The e-commerce colossus said it will expand drone delivery of certain purchases to a third US state as well

When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like a stunning achievement. The milestone marked the halfway point to the 10 million subscriber number that CEO Evan Spiegel had just months earlier identified as a “medium-term” goal.

Amazon plans to expand its drone delivery service to the UK and Italy by late next year. The e-commerce giant also unveiled new warehouse robots and technology aimed at improving efficiency and speed. The new MK30 model of delivery drones will be able to operate in more extreme weather conditions. Additionally, Amazon has installed a new robotics system called Sequoia in one of its Texas logistics centers, which can identify and put away stock in warehouses up to 75% faster.

U.S. based-broadcast networks during the recent Hollywood strikes were forced to fill their fall lineups with repeats and reality shows. Rival streaming services had to delay new releases and had less foreign-language programming to offer than Netflix, which has production capabilities in more than 50 countries and languages.

Google will generate $170.87 billion worldwide in net digital ad revenue in 2023 worldwide, Insider Intelligence estimates - up 6.5% vs. last year, giving it…

Netflix shares rose to $396.20, putting them on course for the biggest one-day percentage gain in nearly three years, with the company on track to add more than $22 billion to its market capitalization.

Netflix capitalised on its heft in global production, as well as the economic hardships of its media rivals, to garner 247 million subscribers in the third quarter, a gain of nearly 9 million over the last three months.

Apparel that straddles athleticwear and loungewear has become Americans’ de facto uniform. Here are the companies best positioned to profit from it.

By JOHN WHITTAKER jwhittaker@post-journal.com Spectrum customers who didn’t have Walt Disney Co. channels available for more than a week in early Septembe