#Week1 27th April to 3rd May Business News Summarised – 2020

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Spotify has even more advantage over Netflix during the pandemic. Here’s the reason.

Digital subscriptions show remarkable growth during the COVID-19 pandemic. Netflix made twice as many subscribers as originally expected in that quarter, and Disney Plus had only 50 million subscribers a month after its release, of which 8 million pay for Hotstar in India.

Reliance will apply for more Facebook-sized investment on Jio Platforms

With crude futures sometimes going negative for the coming months due to COVID-19, it’s a surreal time to be in the oil business. But the rare diversification of Reliance into telecommunications has given the company a bit of a bright spot.

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