Top News:
Ashley Carman / The Verge:
Apple unveils in-app subscriptions for Apple Podcasts; Apple will take 30% of revenue in the first year, and 15% in following years — For ad-free, early access, and bonus content — A monumental change is coming to Apple Podcasts' business: the company is launching subscriptions within the Apple Podcasts app.
Discussion:
@mattmedeiros, Apple, Vox, @kantrowitz, @ashleyrcarman, TechCrunch, Nieman Lab, @jakeshapiro, 9to5Mac, @ashleyrcarman, @simonowens, Castos, What's New in Publishing, Wall Street Journal, Complete Music Update, musically.com, Los Angeles Times, PRX Official, @nwquah, Supporting Cast, Nathan Gathright, Matt on Audio, “Questioni d'o …, Podnews podcasting news, @achangeoftune, @chrismessina, @itstreverr, @ow, @kylekashuv, Mumbrella, @chrismessina, @ashleyrcarman, @aexm, @kantrowitz, @alexeheath, @heyheyesj, @karaswisher, @caseynewton, @kevin_indig, @sims, @nprextra, @simonowens, @lucas_shaw, @theshortboxjax, @lucas_shaw, @godfree, @ashleyrcarman, @cheriehu42, @sidharthajha, @simonowens, @prodanstatev, @lanterncast, @pkafka, RAIN News, AppleInsider, ScreenRant, Gizmodo, Variety, The Wrap, CNET, MacRumors and Reuters, more at Techmeme »
Netflix:
Netflix reports Q1 revenue of $7.16B, up 24% YoY, and 208M paid memberships, up 14% YoY but below its forecast of 210M; stock down 10%+ after hours — Revenue grew 24% year over year and was in line with our beginning of quarter forecast, while operating profit and margin reached all-time highs.
Discussion:
Variety, Variety, @lucas_shaw, MediaNama, musically.com, Hollywood Reporter, Forbes, @thestalwart, @tvmojoe, @tvmojoe, Digiday, @charliebilello, @lucas_shaw, @mylesudland, @pkafka, @tvmojoe, @variety, Junghoon's Direct Media …, The Verge, Ad Age, ZDNet, IndieWire, Light Reading, MediaPost, Protocol, The Wrap, Yahoo Finance, TechCrunch and Wall Street Journal, more at Techmeme »
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Edmund Lee / New York Times:
Competitors like Disney+, HBO Max, and Amazon Prime Video have cut into Netflix's share of viewer attention, but the company is in its best financial shape ever — The streaming service reported the addition of four million new customers for the first quarter, below the six million it had forecast.
Discussion:
Axios, Variety, @edmundlee, @shakeelhashim, @xpangler, Collider, CNBC and New York Times
Reporters Without Borders:
RSF's 2021 Press Freedom Index finds journalism is totally blocked or seriously impeded in 73 of 180 countries and constrained in 59 others; US ranks 44th — The 2021 World Press Freedom Index compiled by Reporters Without Borders (RSF) shows that journalism, the main vaccine against disinformation …
Discussion:
Washington Post, @lcmporter, @sophia_yan, @uspresstracker, Associated Press, @radiofreeasia, @cdeloire, @juliemajerczak, @thewire_in, @janebsinger, Voice of America, @rasmus_kleis, Newser, American Press Institute, EURACTIV.com, The Wire, EURACTIV.com, The Hill, Politico, Scroll.in and The Guardian
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Rebecca Davis / Variety:
Reporters Without Borders ranks China fourth to last out of 180 countries on its 2021 World Press Freedom Index, citing “grave threat” to Hong Kong journalism — China ranked 177th in 2019, 2020 and 2021, down from a period at 176th from 2015 to 2018.
Discussion:
TIME, Washington Post and Editor and Publisher
Fern Siegel / The Streamable:
Byron Allen launches Local Now, a free ad-supported streamer that aggregates 300+ hyperlocal channels across 225 markets in the US — Local Now, the free ad-supported streamer, has kicked off on most major platforms. Local Now aggregates and streams local news, weather, sports, traffic and entertainment in real time.
Discussion:
The Wrap
Casey Newton / Platformer:
In an interview, Mark Zuckerberg says writers on its newsletter service will be able to keep their email lists should they decide to leave — CEO Mark Zuckerberg on Facebook's big bet on creators — On Monday, I had a chance to talk with Facebook CEO Mark Zuckerberg about the company's plans …
Discussion:
Axios, The Publish Press 💬, Protocol, @caseynewton, The Muffin por Mauricio …, ZDNet, One Man & His Blog, Vox, MediaNama and Matt on Audio
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Sara Fischer / Axios:
Zuckerberg says Facebook is planning a short-form audio product called Soundbites, a podcast discovery tool, and more audio products for the next 3 to 6 months
Discussion:
About Facebook, musically.com, Business of Apps, ВІС …, @rmac18, @kurtwagner8, @obrien, @fidjissimo, Hot Pod News, @earleyedition, @lopezlinette, @pkafka, @davewiner, @mosseri, @petecashmore, @yeshacallahan, @matt, @bridgetobarrett, @facebook, @steverandalluk, @mollyjongfast, @wongmjane, @nbashaw, @kerrymflynn, @sarafischer, @kerrymflynn, @kerrymflynn, @kerrymflynn, @kerrymflynn, Bloomberg, @alexeheath, @richlightshed, @mashstartup, @kantrowitz, The Verge, Social Media Today, 9to5Mac, CNBC and CNET
Editor and Publisher:
Publishers of 125 US newspapers have filed or announced suits against Google and Facebook, claiming the tech giants illegally monopolized the digital ad market — Publishers of 125 newspapers in 11 states filed or announced lawsuits against Google and Facebook on Monday claiming the tech giants …
Discussion:
Milwaukee Journal Sentinel, @baekdal, @johnpgarrett, @raju and @wvgazettemail
Connie Bruck / New Yorker:
Profile of Ari Emanuel in his quest to be a mogul, from creating Endeavor to his recent focus on investing in live events businesses — Hollywood's most tenacious agent tries to remake himself as a mogul. — On February 29, 2020, Ari Emanuel, the C.E.O. of the Endeavor company …
Discussion:
@kimmasters, Insider, @fightoracle, @heynottheface, @arashmassoudi, @newyorker, @mattgarrahan, @robnashville, @kevinmdraper, @andrewrsorkin and Page Six
RELATED:
Cynthia Littleton / Variety:
SEC filing: entertainment group Endeavor, which owns WME and UFC, aims to raise about $500M with its NYSE IPO, which would value it at about $10B
Discussion:
Deadline, @ashkan, @thezanesimon, @nycj3, Los Angeles Times, New York Post, MarketWatch, The Wrap and Hollywood Reporter
Jason Gurwin / The Streamable:
Hulu + Live TV will add the NFL Network by August 1 as part of a multiyear deal; NFL RedZone will be available as an add-on — Good news for football fans. Hulu announced that NFL Network will be coming to Hulu Live TV by August 1st, as part of a new multi-year agreement.
Discussion:
@richlightshed, The Desk, Awful Announcing, nexttv.com, Hollywood Reporter, ProFootballTalk, Cord Cutters News and New York Post
Sahil Patel / Wall Street Journal:
NBCUniversal hires Nielsen exec Kelly Abcarian as its first EVP of measurement and impact, and says it is spending $100M+ annually on data and tech initiatives — The media giant is spending more than $100 million annually on data and technology initiatives
Patience Haggin / Wall Street Journal:
Daily Mail owner files antitrust suit against Google alleging it punishes publishers in search if they don't sell enough ad space through Google's marketplace — Publisher says its U.K. royals coverage was played down in search results; claims it was punished for not steering sufficient ad space to Google
Discussion:
Gizmodo, The Guardian, Reuters, @elizasussex, @bookedbusy, @wsj, @patiencehaggin, Breitbart, Financial Times, Daily Herald, The Wrap, MediaPost, Beyond Search, The Hill and New York Post
Hollywood Reporter:
Verizon Media reports Q1 revenue of $1.9B, up 10.4% YoY, its first quarter of YoY growth since Yahoo acquisition in 2017; FiOS TV lost 82,000 subscribers — The telecom giant also posts latest results for its Verizon Media unit, which includes the likes of Yahoo and AOL.
Aubrey Allegretti / The Guardian:
UK government drops plans for US-style TV briefings; press secretary Allegra Stratton will become Boris Johnson's spokeswoman on the climate change summit Cop26 — Proposals for White House-style televised presentations shelved as press secretary changes jobs
Discussion:
Press Gazette, @tomstaniford, @thattimwalker, @theobuttphilip and @thattimwalker
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