Verizon pulls 2020 revenue view as it loses wireless subscribers

spike

(Reuters) – Verizon Communications Inc (VZ.N) withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns due to coronavirus outbreak that closed 70% of its stores.

FILE PHOTO: A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo

Verizon shares fell 0.5%.

Store closures led to a significant drop in customer activity and device volumes in the quarter, the telecom operator said. The company stopped selling phones in its stores and

Read More

Starz sees 142% spike in new subscribers during coronavirus pandemic

spike

(L-R) Ginger Zee, Caitriona Balfe, Sam Heughan, Duncan Lacroix, Maria Doyle Kennedy, David Berry, Ronald D. Moore, Maril Davis, and Diana Gabaldon speak on stage during Outlander panel at New York Comic Con 2019 Day 3 at Jacob K. Javits Convention Center on October 05, 2019 in New York City.

Ilya S. Savenok | Getty Images Entertainment | Getty Images

While the coronavirus has crippled the movie theater industry, streaming services are facing massive gains as people look to entertain themselves at home.

Starz has seen a spike in viewership and new sign-ups in the wake of social distancing restrictions

Read More