Mansha Daswani

South Korean internet giant Naver, which owns the global digital comics platform WEBTOON, is acquiring Wattpad in a cash and stock deal valued at more than $600 million.

Netflix added 8.5 million net subscribers in the fourth quarter of 2020, bringing its total membership base to 203.65 million.

World Screen Newsflash looks back at some of last year's biggest media stories.

In the third quarter of this year, the number of global SVOD subscribers rose by 217.6 million, according to Strategy Analytics, the highest increase ever, topping the previous record of 211.7 million in Q4 2018.

The Walt Disney Company has set new targets for its suite of streaming services, unveiling a raft of new content and an expansion of the Star international brand at its 2020 Investor Day, where it revealed it has topped 137 million paid subs across its portfolio.

Global ad revenues will be down by 5.8 percent this year, GroupM projects in its latest This Year, Next Year report, an improvement on the June forecast of an 11.9 percent drop in 2020.

Zenith has revised its advertising forecast for this year, projecting a 7.5 percent decline, an improvement on the company's previous warning of a 9.1 percent drop in 2020.

Speaking at ATF Online+, Priya Dogra, the president for EMEA and Asia (excluding China) at WarnerMedia, discussed the company’s recent reorganization, managing through the COVID-19 pandemic and her priorities for 2021.

Global ad spend is projected to be down by 10.2 percent to $557.3 billion in 2020, according to new estimates from WARC.

Banijay has tapped Cris Abrego as chairman of the Americas and president and CEO of Endemol Shine Holdings, with responsibility for the company's North American and Latin American businesses.