Competition from Spotify's industry rivals has done little to slow Spotify’s global growth.
Netflix gained 4% on Friday after two analysts boosted their ratings and predicted the company would report robust subscriber additions fueled by hits like the Sandra Bullock film “Bird Box”.
While Wall Street remains overwhelmingly positive on Netflix and its role in video streaming globally, the second quarter figures did raise question marks over future growth.
Netflix has raised its subscription fees as it expands globally to nearly 200 markets and invests heavily in original programming.
Spotify will list existing shares directly on the New York Stock Exchange rather than issuing new stock.
In 2016, telcos engaged in open price wars to attract customers but this year they are expected to focus on fighting to retain loyal customers by providing better service and more data.
India’s telecom regulator has asked Aircel to furnish details of the unspent balance amounts of pre-paid subscribers and also allowed subscribers to port-out of the network.