Top News:
Lauren Feiner / CNBC:
Netflix reports Q1 revenue of $5.77B, up 27.6% YoY, vs $5.76B est., global streaming paid net additions of 15.77M, now totaling 182.86M accounts, up 22.8% YoY — - Netflix reported its Q1 2020 earnings after the bell on Tuesday. — Netflix has ranked among analysts' favorite “stay at home” …
Discussion:
Netflix, Financial Times, USA Today, Fortune, Variety, The Wrap, Protocol, LightShed Partners, Yahoo Finance, Washington Post, The Stranger, Bloomberg, @carttca, @lucas_shaw, @xpangler, New York Times, @lanceulanoff, The Hill, @dylanbyers, @loudmouthjulia, @shiraovide, @xpangler, ZDNet, AdExchanger, @loudmouthjulia, @raheemkassam, @richlightshed, @jamestitcomb, @katie_robertson, @richlightshed and Axios, more at Techmeme »
@kerrymflynn:
[Thread] Internal memos: Politico lays off 13 at Protocol as it cancels live events through at least Sept. 1, including its presence at political conventions — Didn't want to break this media news earlier because of my major conflict of interest. But I'm really sad to see another round of harsh cuts at a media company (and a new one at that!). 13 people, incl editors + reporters, lost their jobs at Protocol today https://twitter.com/...
Discussion:
Nieman Lab, @emilydreyfuss, Protocol, @levisu, @haydenfield, @jbenton, @abeaujon, @stevekovach, @jimbrady, @abeaujon, @emilydreyfuss, @kerrymflynn, @bendreyfuss, Talking Biz News, @abeaujon, @tomgara, @scottlucas, @talkingbiznews, @bydanielvictor, @polina_marinova, @mmmmurf, @lindakinstler, @emilydreyfuss, @abeaujon, @jayrosen_nyu, @dylanbyers, @emilydreyfuss, @sdkstl, @levensti, @jbenton, @emilydreyfuss, @whatthebit and @aaschapiro
Hollywood Reporter:
HBO Max to launch on May 27 for $15 per month with 10,000 hours of programming — The streaming service is set to debut amid the shutdown brought about by the novel coronavirus outbreaking, bringing with it 10,000 hours of library programming from across the WarnerMedia catalog.
Discussion:
Variety, @joan_e, @joan_e, The Week, Nylon, @joan_e, CNET, Variety, Vanity Fair and Wall Street Journal, more at Techmeme »
RELATED:
Dade Hayes / Deadline:
AT&T offers free HBO Max to “tens of millions” of customers, including wireless and internet subscribers, as it aims for 75M to 90M HBO Max subscribers by 2025 — AT&T will offer WarnerMedia's HBO Max free or via promotion to “tens of millions” of its U.S. wireless, video and internet customers
Discussion:
The Streamable, The Week, The Streamable, CNET and The Verge
Wall Street Journal:
Internal planning document for Vice Media Group lays out the possibility of layoffs of 300+ in digital operations, including cuts at Vice News and Refinery29 — Planning document calls for over 300 layoffs, though company says several such proposals are being worked up
Discussion:
@loudmouthjulia, @asharma, @kantrowitz, @elanazak, @benmullin, @jherrerx, @keachhagey and @benmullin
Kathryn Hopkins / WWD:
Bustle relaunches Nylon's digital edition but delays a promised print edition to fall 2021 and postpones a monthly live music series, Nylon Nights — Nylon's first digital issue under BDG's ownership features cover star Maya Hawke. — After acquiring fashion, music and cultural site Nylon last summer …
Discussion:
Nylon, @benjamingoggin, MediaPost and @raywongy
Mandy Jenkins / The Compass Experiment:
The Compass Experiment, McClatchy and Google's digital local news initiative, plans to launch the Longmont Leader in Colorado in May with a team of five — We're launching The Longmont Leader to provide critical news and information during this time of crisis — and beyond.
Discussion:
Nieman Lab, Axios, The Keyword, @fishnette, @mattsebastian, @mjenkins, @rubinojc, @mcclatchy, @mjenkins, @benfischersbj, Longmont Observer, PR Newswire, Longmont Observer, MediaPost and Free Press
Sarah Perez / TechCrunch:
Spotify launches a set of 17 editorially curated podcast playlists, akin to its RapCaviar music playlist, in the US and five other countries — Spotify is continuing its investment in the podcast streaming side of business with the launch of a suite of editorially-curated podcast playlists …
Discussion:
Nieman Lab, Spotify, @forpodcasters, Gizmodo and Android Central
Snap Inc.:
Snap reports in Q1 DAUs increased 20% YoY to 229M, revenue increased 44% YoY to $462M, time spent watching Discover content rose 35%+; stock up 19%+ after hours — Daily Active Users increased 20% year-over-year to 229 million First quarter revenue increased 44% year-over-year to $462 million …
Discussion:
The Wrap, VentureBeat, The Verge, @tiffkhsu, @peterhamby, Mashable, @joshelman and Variety, more at Techmeme »
Variety:
Georgia to let movie theaters reopen April 27, but hiring staff, safety protocols, a lack of new releases, and limits on crowd sizes pose significant challenges — Georgia Gov. Brian Kemp will allow movie theaters to reopen starting April 27, but exhibition insiders stress …
Discussion:
Mediaite, Deadline, @brycezabel, /Film, @srdtv, @cinestate, The Playlist, Comic Book Movie, Variety, The Wrap, The A.V. Club and Vanity Fair
Charlotte Tobitt / Press Gazette:
Jewish News to continue publishing after the collapse of the merger with the Jewish Chronicle, which was acquired by a consortium and will go into liquidation — The Jewish News is back to “business as usual” despite bidding farewell to readers with last week's paper, as plans to merge …
Discussion:
The Times of Israel
Meg James / Los Angeles Times:
eMarketer forecasts TV networks will collect between $24B and $26.3B in ad spending in H1 2020, compared to $33.9B collected in H1 2019, due to sports shutdown — The shutdown of sports due to the coronavirus pandemic is propelling a historic decline in U.S. TV advertising …
Discussion:
@swanniontv, @mediumbuying, @latimes and @megjameslat
Issie Lapowsky / Protocol:
A behind-the-scenes look at the Facebook News team's early response to COVID-19, including a push to make news more prominent in the Information Center — Anne Kornblut was working from home when the crushing headache set in. It was early March, and she had a battery of calls to get through …
Discussion:
@jason_kint, @blackamazon, @issielapowsky and @kerrymflynn
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