Top News:
Lauren Feiner / CNBC:
Netflix reports Q1 revenue surpassed $4.52B, up 22% YoY, vs $4.50B est.; net subscriptions grew 9.6M, up 16% YoY, with 1.74M in the US and 7.86M internationally — - The company reported $4.52 billion, vs. $4.50 billion expected, per Refinitiv consensus estimate.
Discussion:
Netflix, Business Insider, Fast Company, MediaPost, TechCrunch, Bloomberg, Business Insider, The Verge, @jimwindolf, @edmundlee, Yahoo Finance, @lucas_shaw, @natjarv, @xpangler, @xpangler, @xpangler, @jbflint, @guylodge, @natjarv, @jyarow, @jyarow, @pkafka, Multichannel News, Variety, NBC News and FierceVideo, more at Techmeme »
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Polly Mosendz / Bloomberg:
As part of bankruptcy proceedings, Hulu and Netflix may face subpoenas about their documentaries on the Fyre Festival from its organizers
Discussion:
@shiraovide, @tanya_chen, @willoremus, @joshsternberg and The Week
Peter Kafka / Recode:
Netflix says it looks to add only ~300K US subscribers in the next quarter, down from 850K a year ago, reflecting its struggle to grow domestically
Discussion:
Variety, CNBC, The Wrap and Wall Street Journal
Janko Roettgers / Variety:
Netflix will test Top 10 lists of popular shows in the UK, shares data for first month of some shows: The Umbrella Academy, 45M; Triple Frontier, 52M; FYRE, 20M
Discussion:
MediaPost, Multichannel News, Business Insider, Broadcasting & Cable, @matthewevenson, @oldmanangelo88, @jank0, @jank0, The A.V. Club, Hollywood Reporter, IGN, Vanity Fair, Recode and IndieWire
Ben Collins / NBC News:
Both Twitter and YouTube struggled again to contain the spread of conspiracy theories and Islamophobic content amid a news event, as Notre Dame burned — Images and videos of the flaming cathedral spread quickly across social media and were quickly seized upon to push Islamophobic narratives that have flourished in far-right politics.
Discussion:
Wired, @janelytv, CNN, Poynter, Reason, Washington Post, Media Matters for America, @oneunderscore__, @janelytv, @kathygriffin, @bruce_arthur, @carnage4life, @janelytv, @chick_in_kiev, @lollardfish, @juliettekayyem, @kfile, @ethanz, @jysexton, @oneunderscore__, @bobbybigwheel, @mollyjongfast, @davidfolkenflik, @cwarzel, @cwarzel, CNN, Mediaite and BuzzFeed News, more at Techmeme »
Edmund Lee / New York Times:
Hulu remains Netflix's strongest competitor, despite stiff competition, as sources say its $6/month streaming service makes $15+/subscriber/month due to ads — With 148 million subscribers and a value of $157 billion, Netflix is the leader in streaming. But Hulu, now controlled by Disney, has something Netflix doesn't: ads.
Discussion:
Fast Company, Investor's Business Daily, The Guardian, The Verge, Light Reading, Engadget and 9to5Mac, more at Techmeme »
Daisuke Wakabayashi / New York Times:
Interviews with YouTube CEO Susan Wojcicki and employees shed light on her stewardship and what has been a difficult year so far, with a myriad of scandals — Even by the nightmarish standards of the empire she oversees, Susan Wojcicki, the chief executive officer of YouTube, has had a dreadful start to 2019.
Discussion:
@mikeisaac, @pkafka, @asapscience, @blmohr, @nytimesbusiness and @daiwaka, more at Techmeme »
Margaret Sullivan / Washington Post:
In covering the Mueller report, which is being released Thursday, journalists must learn from the mistakes of last month and resist urges to simplify the story — It's certainly possible that the news media will do a nuanced, accurate job Thursday of helping citizens understand the redacted version of the Mueller report.
Discussion:
@sulliview, @klasfeldreports, @wjcarter, @ericuman, @vivian, @stphnfwlr and @sulliview
Greg Dool / Folio:
After a turbulent 2018, Newsweek has partnered with Poynter's Craig Newmark Center for Ethics and Leadership, as it attempts to restore its credibility — A little more than a year after its top editors were fired “for doing their jobs,” the once-esteemed weekly aims to turn the page.
Discussion:
Poynter
Jonathan O'Connell / Washington Post:
Alden Global Capital, the hedge fund trying to take over Gannett, is facing a federal probe after moving employee pension savings into its own accounts — Alden Global Capital, a prominent hedge fund that controls more than 100 local newspapers, moved nearly $250 million of employee pension savings …
Jon Levine / The Wrap:
Paul Pope, son of National Enquirer founder Generoso Pope Jr., says he has dropped plans to buy back the magazine as it is not salvageable — Paul Pope, son of National Enquirer founder Generoso Pope Jr., says he will drop plans to purchase the tabloid from its current owner, American Media Inc. …
Discussion:
New York Post and @levinejonathan
Tim Katz / Official Google India Blog:
YouTube India says it will display info panels in English and Hindi on all videos by a channel that is owned by a news publisher that is funded by a government — In the last few years, news has become an integral part of YouTube's experience for millions of Indians online.
Discussion:
@faduda, Moneycontrol, Inc42 Media, NDTV Gadgets 360, @refsrc, YourStory.com, Livemint and Nieman Lab
Todd Spangler / Variety:
Sony Pictures Television has signed a first-look deal with writing platform Wattpad, plans to work with the company to identify and develop popular stories — Sony Pictures Television will comb through Wattpad's 500 million stories for the next potential breakout entertainment property.
Discussion:
TechCrunch and The Wrap
James Stavridis / TIME:
The Pentagon has not held a press briefing in over 300 days, a move which will sow mistrust in the local and international community, says ex-Nato commander — For about six months now, White House Press Secretary Sarah Huckabee Sanders has used her briefing room so little that officials might …
Discussion:
@barbarastarrcnn, @barbarastarrcnn, @truefactsstated, @stavridisj, @fpwellman and @verambergen
Lesley Goldberg / Hollywood Reporter:
Q&A with HBO's Bob Greenblatt and Casey Bloys on genre expansion, HBO's development approach, and how its programming fits into the Warner streaming platform — In their first joint interview, the execs talk with The Hollywood Reporter about “wooing” J.J. Abrams, maintaining morale …
Discussion:
Observer
Diana Falzone / Vanity Fair:
Multiple women, including prominent TV personalities, say they have struggled to find work in the media industry after settling sexual harassment lawsuits — Former television hosts and network personalities say they are persona non grata after settling high-profile lawsuits against serial sexual harassers.
Discussion:
@andreagonram, @ben_landy, @grudging1 and @mrglenn
Cynthia Littleton / Variety:
NBCUniversal signs long-term ad deal with the LA 2028 Olympics organizing group and commits to helping them meet their goal of raising $2.5B in sponsorship — NBCUniversal and LA 2028 have set a far-reaching advertising partnership that allows for the coordinated sale of sponsor opportunities …
Discussion:
Broadcasting & Cable and Adweek
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