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Spotify beats with Q1 revenue of €1.8B and net income of €1M, with MAUs up 31% YoY to 286M, premium users up 31% to 130M, and ad-supported MAUs up 32% to 163M — The coronavirus may be decimating some corners of the economy, but the impact on the digital music …
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Spotify, Los Angeles Times, Variety, Fast Company, Hollywood Reporter, @ingridlunden, @thr, The Wrap, Engadget, Ad Age, @philipmorton and @ncsh, more at Techmeme »
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Spotify says TV and game console usage is up by 50% due to the pandemic, with increased consumption of wellness podcasts and searches for terms like “chill”
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@brianstelter and TechCrunch
Sarah Perez / TechCrunch:
Spotify-owned Anchor introduces a feature that will allow creators to turn their video chats and virtual hangouts into podcast-ready audio
Spotify-owned Anchor introduces a feature that will allow creators to turn their video chats and virtual hangouts into podcast-ready audio
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Nieman Lab, Mobile Marketer, @rfaughnder, @ivan_brussels, MediaPost, @rverrier, @leimer, Anchor, Engadget, Marketing Land, The Verge and Hot Pod News, more at Techmeme »
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Cineworld joins AMC Theatres in refusing to show Universal Pictures films after NBCUniversal CEO's promise to open titles simultaneously on PVOD and in theaters — Cineworld, owner of the Regal Entertainment exhibition chain, is joining AMC Theatres in refusing to play any Universal Pictures films …
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Thom Geier / The Wrap:
Universal says Trolls World Tour on-demand release has netted ~5M downloads; source: it's made $77M in revenue from the 80% it retains from digital rental fees
Universal says Trolls World Tour on-demand release has netted ~5M downloads; source: it's made $77M in revenue from the 80% it retains from digital rental fees
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Wall Street Journal, The Verge, Variety, Business Insider, CortaCable, The Streamable, MediaPost, @zeitchikwapo, @zeitchikwapo, @zeitchikwapo, @zeitchikwapo, @mortuaryreport, @bookishplinko, @scrawfish, @scott_tobias, @witneyseibold, @wsj, @frankpallotta, @edmundlee, @awallenstein, @mjsamps, @davidlsims, @cinematicbanter and @dkthomp
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The Guardian says it had 821,000 readers making monthly contributions at the end of March, up 23% YoY; digital app subscriptions grew by 39% YoY to 265,000 — The Guardian's reader revenues have grown at record rates since the coronavirus crisis began and one of the UK's biggest regional dailies follows …
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The Guardian, HoldtheFrontPage and Reuters Institute …
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Head of China's Film Bureau says cinemas are expected to reopen in early June; Chinese officials estimate lost box office revenue at $4.2B in total so far — Movie theaters in China, the world's second-biggest film market, have been closed since late January, weeks before they shut down in North America.
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Variety, /Film, The Playlist, @lucas_shaw, @bicaraboxoffice and IndieWire
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Probation officials allege Matthew Keys violated the conditions of his supervised release from prison by deleting Comstock magazine's YouTube videos and account — Sacramento journalist Matthew Keys first came to notoriety because of his mastery of computers.
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@nickmiller510 and @jowens510
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Amazon renews its NFL deal for 3 more seasons, with Amazon and Twitch getting exclusive global rights to one late-season Saturday game each season — Amazon will stream “Thursday Night Football” for three more seasons and get an additional game all to itself in a new deal with the NFL.
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TechCrunch, Variety, CNBC, @awfulannouncing, Hollywood Reporter, The Streamable, @pkafka, @carlquintanilla, @sherman4949, Axios, @pkafka, @darrenrovell, @sherman4949, @pkafka, @claireatki and @latimesent
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Nielsen: CNN saw an increase of 179% in viewers between the ages of 25 and 54 in April, while Fox News grew 83% and MSNBC grew 54% — Viewership for all three of the nation's main cable-news outlets soared in April as viewers tuned in at all hours for information on the spread of the coronavirus pandemic.
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New York Times, The Wrap, Poynter, @poynter, The Media Nut, TVNewser, Mediaite and Raw Story
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Profile of Kayleigh McEnany, whose role as Trump's White House press secretary has become indistinguishable from her role as Trump campaign's spokeswoman — Kayleigh McEnany saw Donald J. Trump as her ticket to stardom. She has been fighting for him for much of her adult life, now as the president's fourth press secretary.
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@dangillmor, @nytpolitics, @ericboehlert, @billkristol, @mehdirhasan, PRESS RUN, @mattgertz, New Republic, @tomscocca, @tomscocca, @brianstelter, @tomscocca and CNN
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BBC announces pay and hiring cuts as it predicts £125M lower income this year as revenue from its commercial arm dips and people stop paying the license fee — Boss Tony Hall says licence fee and commercial revenues are being hit by Covid-19 pandemic
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@jimwaterson
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Facebook poaches Tony Close, director of content standards at Ofcom, as director of content regulation; Ofcom is preparing to regulate social media companies — A senior official at the watchdog preparing to regulate social media companies has been poached by Facebook to help it respond to the curbs.
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Former NYT Shanghai bureau chief David Barboza launches The Wire China, a new journalism-and-data business that puts out a digital weekly magazine — “I think how wasteful is it that most journalists throw away or never use or don't pass on any of their notes or records.
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@davidbarboza2 and @sarahscire
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Alphabet reports YouTube Q1 ad revenue of $4.04B, up 33% YoY, but says ad sales fell significantly in March — YouTube generated $4.04 billion in ad revenue for the first quarter of 2020, up 33% from the year prior. Alphabet, the parent company of Google and YouTube …
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The Wrap, MediaPost, Digiday, AdExchanger, MarketWatch, @larakiara and @xpangler, more at Techmeme »
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Tucker Carlson hyped a YouTube video of two doctors who incorrectly downplayed the COVID-19 threat, and the Fox host also slammed YouTube for removing the video — (CNN Business)A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here.
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VICE, @jason_koebler, @jason_koebler, @jason_koebler, NBC News, CNN, @jeremymbarr, @jeremymbarr, @brianstelter, Mediaite and AAEM