Streaming Services Hits News Today

In another round of job cuts, Netflix had laid off around 300 employees. In another round of job cuts, Netflix had laid off around 300 employees. This is the second time this year that the streaming platform cut jobs as it also laid off 150 employees in May, along with dozens of contractors and part-time workers.

socaltech.com Burbank-based The Walt Disney Company says it has reached 137M paid subscriptions across its direct-to-consumer services, including Disney+, Hulu, and ESPN+, and says it hopes to reach 300-350M subscriptions to those services by 2024. The company said the growth "shatters previous guidance" on its expected growth of those services. Disney says it now has 11.5M ESPN+ subscribers, 38.8M Hulu subscribers, and 86.8M Disney+ subscribers. Disney attributed the expected growth in those ...