Top News:
Brian Fung / CNN:
Jack Dorsey says Twitter is actively exploring additional ways to make money from its users, including through a subscription model — Washington (CNN Business)Twitter (TWTR) is actively exploring additional ways to make money from its users, including by considering a subscription model, CEO Jack Dorsey said Thursday.
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Lauren Feiner / CNBC:
Twitter misses Q2 expectations with revenue of $683M, down 19% YoY, but reports 186M mDAUs, up 34% YoY, and ad revenue of $562M, down 23% YoY; stock up 8%+ — - Twitter reported second-quarter earnings Thursday that missed analyst expectations on revenue, but showed strong growth in users.
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Rachel Abrams / New York Times:
NYT to buy Serial Productions, maker of the podcast Serial for, source says, $25M; NYT also enters marketing and ad sales partnership with This American Life — The Times, capitalizing on the success of its “Daily” podcast, continues an expansion into audio journalism.
Discussion:
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Todd Spangler / Variety:
AT&T Q2: WarnerMedia operating revenue fell 22.9% YoY to $6.8B; HBO/HBO Max subscribers grew 5% in H1 2020 to 36.3M; premium TV subscribers shrank 18% YoY — That included a 22.9% plunge in WarnerMedia revenue, which the telco said was partly due to lower content and ad sales related to COVID-19.
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Julia Alexander / The Verge:
AT&T says HBO Max has 4M+ customers; users spend 70% more time on HBO Max than on HBO Now, which is available on Roku and Amazon Fire TV — The question is whether those numbers were hurt by ongoing Roku and Amazon deals — HBO Max has signed up more just over four million customers since …
Discussion:
New York Times, /Film and The Streamable
Anthony D'Alessandro / Deadline:
AMC Theatres again delays reopening to mid-to-late August in the US, but says one third of its cinemas in Europe and the Middle East are open — Just because Warner Bros. took Christopher Nolan's Tenet temporarily off the release schedule doesn't mean that the No. 1 theater chain isn't going to reopen.
Discussion:
Variety, @johnnysobczak, The Playlist and Vanity Fair
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Pamela McClintock / Hollywood Reporter:
Sources: Warner Bros.' Tenet likely to get a staggered release, in international markets in late August, then in the US in early September if more theaters open — The $200 million tentpole is planning on opening first overseas as a surge in COVID-19 cases hits the U.S.
Julia Alexander / The Verge:
TikTok says it is launching a new $200M fund to pay creators directly for their content — The first major monetization effort from the company — As TikTok continues to grow in popularity and its personalities become mainstream celebrities in their own right, the company is trying …
Discussion:
Newsroom | TikTok, Variety, Business Insider, Ad Age, Los Angeles Times, TechCrunch, @sophiasgaler, @taylorlorenz, @jake_k, @wgruger, @lmatsakis, @sarahfrier and @apompliano, more at Techmeme »
Sahil Patel / Wall Street Journal:
Sports media company Religion of Sports, co-founded by Tom Brady, Michael Strahan, and Gotham Chopra, raises $10M Series A — Religion of Sports Media Inc. has produced series for Apple, Facebook and Showtime — Religion of Sports Media Inc., a media venture co-founded by NFL legends Tom Brady …
Dominic Ponsford / Press Gazette:
Daily Mail owner DMGT: ad revenue fell 45% YoY and circulation revenue 12% YoY in 3 months to June 30 with an operating loss of £2M vs. £22M profit last year — The Mail titles returned to profit in June but saw revenue down 30% in the second quarter of the year.
Discussion:
@pressgazette
Branded:
Breitbart likely continues to earn ad money from unsuspecting advertisers by pooling their inventory with other sites that advertisers do not deliberately avoid — It turns out Breitbart has continued to collect your ad dollars through a shady ad revenue-sharing ring of propaganda sites. — 7 hr
Discussion:
Input, @dancharvey, @nandoodles, @nandoodles, @nandoodles, @nandoodles and @nandoodles
Tom Kludt / Vanity Fair:
Sports journalists describe experiencing and chronicling the unprecedented NBA bubble, the strict restrictions on access, Zoom press conferences, and more — With a frat party-meets-biopshere vibe, quarantining in Disney is a once-in-a-lifetime assignment—and a precarious one, as an outbreak could cost billions.
Discussion:
@ben_espn, @tomkludt, Deez Links and @tomkludt
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