Music
YouTube recently announced its new $100 million “Shorts Fund” that will be distributed to any creators using short-form TikTok rival YouTube Shorts during 2021-2022. The new feature was launched in beta last September in India, and is now available in the US starting from March.
According to parent company Vivendi, Universal Music Group (UMG) will be publicly listed on the Amsterdam Euronext market “before or by” September 27. Vivendi’s market value for UMG on Wednesday counted 32.4 billion euros ($39.11 billion).
Disney+ now has 103.6 million subscribers, says Walt Disney Co., which recently reported total revenue of $15.6 billion in its latest Q2 2021 earnings announcement. The company faced a 44% decline in its theme parks and experiences division to $3.2 billion. However, it plans to spend about $1 billion this year on enhanced safety measures and regulatory issues associated with the COVID-19 pandemic.
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