AMC Networks increased streaming revenue by 12 percent to $169 million in Q2 despite an 18 percent dip in U.S. ad sales. The company — whose portfolio of streaming platforms includes AMC+, Sundance Now, Acorn TV, Shudder, HIDIVE and ALLBLK — added 200,000 new subs in the April through June period, ending the quarter with a total of 10.4 million, a 2 percent increase. AMC said it now calculates streaming subscribers on the basis of paid signups. Ongoing challenges in the U.S. cable and satellite TV markets that berth the bulk of its business continue to drag on the balance sheet. AMC’s cable and satellite brands include AMC, BBC America, IFC, IFC Films, SundanceTV and WE tv. Continue reading AMC Networks: Streaming Revenue Growth, Drop in Ad Sales

Feed is a new social platform featured within the Character.AI mobile app, which launched in 2023 and now has more than 20 million active users worldwide. Described as “TikTok-meets-ChatGPT,” the AI-native Feed is populated by AI-generated avatars, called Characters, created by the platform’s subscribers using the company’s tools. Characters can post AI-generated content, including videos, viewed in a scrollable format that invites familiar interactions like sharing, comments, follows and likes. What sets Feed apart, Character.AI says, is its vibe of a “remix playground,” as opposed to the “passive consumption” approach typical of conventional social platforms. Continue reading Character.AI Launches AI-First Social Platform Named ‘Feed’

Disney’s fiscal Q3 earnings and full year projections have topped expectations, with its Streaming and Parks businesses leading revenue streams. Operating income from streaming hit $346 million for the quarter, a significant increase over the same period last year. Disney ended Q3 with 183 million Disney+ and Hulu subscriptions, an increase of 2.6 million from Q2. Overall, revenue was up 2.1 percent to $23.7 billion for the three-month period ending June 28. In addition, the company announced that it plans to integrate Hulu into Disney+ for a new streaming app to be available next year. Continue reading Disney Reports Jump in Profit, Plans to Fold Hulu into Disney+

Roku has launched Howdy, an ad-free U.S. SVOD service that will cost $2.99 per month for access to a catalog of nearly 10,000 hours of entertainment from inaugural partners Lionsgate, Warner Bros. Discovery and FilmRise, as well as select Roku Original titles. “Priced at less than a cup of coffee,” Howdy is “meeting a real need for consumers who want to unwind with their favorite movies and shows uninterrupted, and on their terms,” said Roku founder and CEO Anthony Wood who feels people are willing to pay to avoid ads even though many ad-supported streaming services are available free. Continue reading Roku Launches Ad-Free Streaming Service for $3 per Month

Google has upgraded Gemini 2.5 with a feature called Deep Think that “could be a powerful tool in creative problem solving,” according to the company. Deep Think uses parallel thinking techniques, letting Gemini “generate many ideas at once and consider them simultaneously, even revising or combining different ideas over time, before arriving at the best answer.” Its ability to reason through highly complex problems makes Deep Think mode a powerful tool for researchers, Google says, adding that it also excels at coding. Deep Think is available in the Gemini app to subscribers of Google AI Ultra, priced at $250 per month. Continue reading Google Intros Deep Think Reasoning Model for AI Ultra Subs

Apple posted quarterly revenue of $94 billion, up 10 percent year-over-year, the largest quarterly growth spurt for the tech giant since December 2021. Net profit of $23.4 billion was a new record for the June quarter and up nearly 9 percent from the prior year. Sales of Apple’s iPhones totaled $44.6 billion for the quarter, a 13 percent increase year-over-year, with growth posted across “every geographic segment” and a record number of upgrades as customers raced to beat the impact of anticipated tariffs, according to the company. The results for Apple’s fiscal Q3 exceeded Wall Street estimates. Continue reading iPhone Sales Jump 10 Percent, Driving Apple to Record Profit

The $88 billion Microsoft invested in building data centers for artificial intelligence and cloud computing over the past year seems to be paying off with the company reporting profit of $101 billion for fiscal year 2025, which ended June 30. Quarterly revenue for the April through June period was $76.4 billion, up 18 percent year-over-year, with profit of $27.2 billion, a 24 percent increase. “Cloud and AI is the driving force of business transformation across every industry and sector,” said Microsoft Chairman and CEO Satya Nadella, noting Azure passed $75 billion in revenue for the year, up 34 percent. Continue reading Driven by AI and Cloud, Microsoft Profit Exceeds $100 Billion

According to PwC’s latest Global Entertainment & Media Outlook, M&E revenues are expected to hit $3.5 trillion by 2029, led by advertising, live events and video games. The report also offers a positive outlook for streaming video, OTT, subscription VOD, theatrical box office, with numerous M&E areas impacted by the adoption of artificial intelligence. Streaming video is expected to jump 33 percent to more than $112 billion by 2029, while global revenue for video games is forecast to reach $300 billion in 2029, up 29 percent from $224 billion in 2024. Of three major categories analyzed — connectivity, advertising and consumer — advertising is expected to grow the fastest. Continue reading PwC Eyes Growth for Ads, Events, Gaming, Streaming Video

Amazon has agreed to purchase AI wearables firm Bee, it was announced via a LinkedIn post by the San Francisco-based startup. Bee’s principal product is a $50 wrist device called the Pioneer that records all audio within range unless manually muted. Combined with a $19 per month subscription the device records and transcribes “daily memories” to create to-do lists and reminders based on what it hears. It can also answer questions. Bee’s website says the product is backordered due to “high demand” with shipments resuming in September. Terms of the acquisition were not disclosed. Continue reading Amazon Buying Startup Bee, Maker of the Pioneer AI Bracelet

New York-based satellite and online radio provider SiriusXM is adding an ad-supported music tier to subscription offering, with SiriusXM Play coming to market for in-car streaming at “less than $7” per month for more than 130 content channels. SiriusXM already offers talk channels with ads, and also has an existing car plan that costs $9.99 per month. A $24.98 monthly “all access” plan also includes car coverage. The Play package, which SiriusXM first began talking about in May, is now available “on a limited basis,” with additional details coming later in 2025, the streamer says. Continue reading SiriusXM Adds Car-Targeted Music Plan for Under $7 with Ads

Netflix revenue grew to $11.08 billion in Q2, a 16 percent year-over-year increase that helped drive net profit up 46 percent to $3.1 billion. The company’s operating margin rose to 34.1 percent in Q2, a nearly 7-point rise over Q2 2024 that along with 30 percent full-year guidance puts the streamer on par with tech giants such as Apple (31 percent) and Google (32 percent). Although Netflix no longer provides quarterly subscriber updates, the company did share results of its half-year Engagement Report, indicating members watched more than 95 billion hours of Netflix content during the first six months of the year. Continue reading Netflix Records Impressive Q2: Revenue Reaches $11 Billion

AI is now part of every paid Slack subscription, and the platform continues building out its agentic OS with new features including enterprise search connectors, writing assistance, and contextual definitions embedded in the app. The Enterprise+ plan, which scales AI company-wide, now includes AI for drafting documents and answering questions using information stored in Slack chats and connected apps. Business+ is adding recaps, translations, workflow generation and AI-powered search, while the entry-level Pro tier offers AI summarization for conversations in channels, threads and huddles, making it easier to stay current on communications. Continue reading Slack to Roll Out New AI Features for Enterprise Collaboration

AWS has released a new AI coding tool called Kiro in preview. This IDE for agent apps is described by some as a vibe coding platform. However, AWS says Kiro “goes way beyond,” getting prototypes into production systems with features such as specs and hooks. In fact, Kiro was designed specifically to reduce issues common to vibe coding, the process of creating software using AI agents reacting to natural language prompts. This makes it popular among non-coders, resulting in an often chaotic process that Kiro attempts to professionalize. Available for free during preview, Kiro supports most popular programming languages. Continue reading AWS Kiro Agentic AI Developer Tool Now Free During Preview

Nvidia-backed startup Perplexity AI is challenging Google with a new AI-powered web browser called Comet that is built on the company’s proprietary AI search engine. The new browser is initially available to those paying $200 per month to subscribe to the Perplexity Max plan and by invitation to those who register online for the company’s waitlist. The browser also comes with Comet Assistant, an agent that automates routine tasks such as summarizing emails and navigating webpages. Comet Assistant can be opened as a sidebar on any webpage to answer questions about the content being presented. Continue reading Perplexity Launches Comet AI Web Browser for Premium Subs

Meta Platforms has joined forces with Zoom on a standalone app for Meta Quest headsets that lets you initiate or take video calls appearing as a virtual avatar. Unlike the Quest app launched by Zoom in 2023, the new app does not restrict use to Meta’s Horizon Workrooms nor require a paid Zoom subscription to facilitate meetings. Meta says that now “any free or paid Zoom license” can set up meetings or simply participate in them using Meta Quest 3, Quest 3S, Quest Pro, and Quest 2 headsets. Available now at the Meta Horizon Store, the Zoom app for Meta Quest lets you join a meeting with total VR immersion or see your surroundings in an augmented reality experience using Passthrough mode. Continue reading Zoom and Meta Unveil Standalone App for Quest VR Meetings