Disney+ service registers 8M paid subscribers in India in 1 week after rollout, crosses 50M paid subscribers globally

In a statement, Walt Disney Co said, its streaming service Disney+ has had a massive fan following and has registered 50 million paid consumers, with 8 million alone coming from India where the video streaming service was rolled out just a week back. As of this last quarter’s report, Netflix Inc reported a subscriber base…

U.S.-France Digital Tax framework being negotiated at Organization for Economic Cooperation and Development

In a statement, French President Emmanuel Macron stated he has had a “great discussion” with U.S. President Donald Trump regarding the introduction of a digital tax planned by France; both countries have agreed to collaborate and avoid further rise in tariffs. According to aa French diplomatic source, Macron and Trump have agreed to hold off…

French competition authority levies $167M fine on Google

France’s competition watchdog has levied a fine of $167 million on Google citing Google’s non-transparent advertising rules and the fact that it changes them at will. Google is facing a growing number of investigations into its advertisement business practices, on both sides of the Atlantic. The ruling is the first penalty by the French authorities…

FCA’s board as well as Peugeot’s board to meet today on proposed $50B planned merger

On Tuesday, sources with knowledge of the matter at hand disclosed, Fiat Chrysler Automobiles NV’s board is scheduled to meet later this afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA. Peugeot’s board is also expected to meet this afternoon and is expected to consider a memorandum of…

France’s 5G spectrum auction to have a base price of $2.4 billion: Junior Economy Minister Agnès Pannier-Runacher

Frances’s 5G spectrum is slated to be sold with a base price of $2.4 billion (2.17 billion euros) – an amount that is significantly more than the figure that was previously recommended by the country’s telecoms regulator Arcep. Earlier last week, wary of heavy investments that will be required for deploying 5G technology, Arcep’s president…

France and the United States hammer out a draft agreement on French digital tax

U.S. tech giants such as Google, Amazon and Facebook routinely generate huge profits from digital services in countries but route the profits through low-tax countries, such as Ireland and Luxembourg, in order to lower their tax profile in the country from which they had generated their revenues. France’s proposal to rectify this anomaly had unnerved…