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CNBC:
Disney reports $11.78B in Q3 revenue vs. $12.37B est., down 42% YoY, says it has 100M+ paid subs for streaming services including Disney+, Hulu, and ESPN+ — - Disney reported earnings for its third quarter of 2020 after the bell on Tuesday as it continues to feel the impact of the coronavirus pandemic …
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Julia Alexander / The Verge:
Disney's Mulan, originally to be released in March but delayed due to COVID-19, will be released on Disney+ on Sept. 4 as a premium on-demand offering for $30 — Disney's live-action adaptation gets a new release date — Disney's live-action adaptation of Mulan will be released on Disney …
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Joan E. Solsman / CNET:
Disney says Disney+ grew to 57.5M subs as of June 27, up from 54.5M three months ago — Between Disney Plus, Hulu and ESPN Plus, Disney's streaming services have more than 100 million subscribers combined. — Disney Plus grew to 57.5 subscribers as of June 27, up by 3 million in the last three months, Disney said Tuesday.
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Julia Alexander / The Verge:
Disney says it plans to launch a general entertainment streaming platform internationally in 2021 under its Star brand, would include content from ABC, FX, more — The big question now is what it means for Hulu — Disney plans to launch a new general entertainment streaming platform overseas …
Joe Flint / Wall Street Journal:
Sources: NBCU begins layoffs across its portfolio, expected to be less than 10% of staff, and WarnerMedia will start layoffs as early as next week — Comcast unit is the latest among entertainment giants, including WarnerMedia, to cut employees in the wake of the coronavirus pandemic
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New York Post, CNN, NBC News, @jbflint, Multichannel News, Forbes, @alexsalvinews and The Wrap
Sara Fischer / Axios:
Bloomberg Media to launch a bundled subscription with The Athletic this month; Athletic journalists will also be featured on Bloomberg's QuickTake — Bloomberg Media will launch a bundled subscription with The Athletic beginning this month, sources tell Axios.
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@charliebeckett, @csymrl, @nbashaw, @evaneparker, MediaPost and Talking Biz News
Kevin G. Hall / McClatchy Washington Bureau:
A bankruptcy judge has approved the $312M sale of McClatchy to Chatham Asset Management; Pension Benefit Guaranty Corporation will assume McClatchy pension plan — A federal bankruptcy judge approved the $312 million sale of McClatchy Co. on Tuesday, officially clearing …
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New York Post, New York Times, @kerrymflynn, @kdoctor, @bok_bok_ba_gok and @kdoctor
Brian Steinberg / Variety:
Standard Media Index: Q2'2020 US TV ad spend fell 19% YoY and in June it fell 9% YoY to $3.2B, with CNN's ad revenue growing 86% YoY and Fox News' 55% YoY — More people continue to watch TV or other forms of video in the midst of the pandemic, but Madison Avenue is spending fewer dollars to dazzle them.
Discussion:
Radio & Television …, Multichannel News and The Verge
Bhat Burhan / VICE:
Journalists in Kashmir say this year has been most disheartening for them as India's new media policy for Kashmir seeks to prosecute reporters for “fake news” — “You always have to be prepared,” said one reporter, “just in case something goes wrong.” — BB — SM
Discussion:
@standwkashmir, @viceindia and @michaelkugelman
Russell Brandom / The Verge:
Trump has withdrawn the renomination of FCC Commissioner Michael O'Rielly after a senator's objection and O'Rielly's skepticism about Trump's Section 230 order — Michael O'Rielly served as FCC commissioner for a full six-year term — President Trump has withdrawn the nomination …
Discussion:
Business Insider, @reckless, @katyonthehill, Light Reading, CNET, Reuters and Engadget
Knight Foundation:
49% of Americans see “a great deal” of political bias in news; 82% worry that inaccuracies are intentional; 19% of people under 30 view the media favorably — OVERVIEW — There is a widening gulf between American aspirations for and assessments of the news media.
Discussion:
Trust, Media and Democracy, @thesamgill, @phil_sanchez, @w7voa, @sykescharlie, Poynter, @hotlinejosh, @rishikadugyala, @jonzgreenberg, @jeffjarvis, @johnfund, Tangle, The Hill and Axios
i24:
Patreon fails to stop arbitration suits in California by fans of a comedian removed for hate speech, making suits from fans of other banned accounts possible — Court sides with fans of controversial content creator, potentially exposing company to further legal trouble A California court sided …
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