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:
Nieman Lab, Apple, @mattmedeiros, TechCrunch, Wall Street Journal, @kantrowitz, Vox, The Wrap, Variety, @simonowens, @jakeshapiro, Gizmodo, @ashleyrcarman, MacRumors, @chrismessina, @nprextra, @pkafka, CNET, @sims, @itstreverr, @ow, Reuters, @simonowens, @ashleyrcarman, @heyheyesj, @simonowens, @lucas_shaw, MacRumors, @lucas_shaw, 9to5Mac, Hot Pod News and AppleInsider, more at Techmeme »
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, Vox, @caseynewton, ZDNet, The Muffin por Mauricio …, One Man & His Blog, MediaNama, Politico and 9to5Mac
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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, @rmac18, @kurtwagner8, Bloomberg, @obrien, Hot Pod News, @earleyedition, @pkafka, Matt on Audio, The Verge, @mosseri, @mollyjongfast, @wongmjane, @nbashaw, @kerrymflynn, @sarafischer, @kerrymflynn, @kerrymflynn, @kerrymflynn, @kerrymflynn, The Information, Boing Boing, @alexeheath, @richlightshed, @mashstartup, @kantrowitz, Social Media Today, 9to5Mac and CNET
Salvador Rodriguez / CNBC:
Zuckerberg says Facebook is working with Spotify on a music integration project codenamed Project Boombox
Discussion:
CNN, @fidjissimo, TechCrunch, TechCrunch, @chrismessina, The Wrap, @lopezlinette, @mikeelgan, @jesskellynt, @davewiner, @petecashmore, @yeshacallahan, @matt, @bridgetobarrett, @facebook, @steverandalluk, @pkafka, Wired and Mediaite
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:
MediaPost, Press Gazette, The Guardian, The Wrap, Mediaite, Breitbart, The Hill, Reuters, Financial Times, Daily Herald, Beyond Search, @bookedbusy, @wsj, @patiencehaggin and New York Post, more at Techmeme »
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 — Endeavor aims to raise about $511 million with its initial public offering that will value the parent company of WME and UFC at about $10 billion.
Discussion:
Insider, Deadline, The Wrap, Los Angeles Times, New York Post, MarketWatch and Hollywood Reporter
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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:
@fightoracle, @newyorker, @heynottheface, @mattgarrahan, @robnashville, @kevinmdraper, @arashmassoudi, @andrewrsorkin and Page Six
Adam Liptak / New York Times:
Study of 8K+ SCOTUS references to the news media in justices' opinions since 1784 finds a “marked...uptick in negative depictions of the press” in recent years — A comprehensive look at references to the press in justices' opinions revealed “a marked and previously undocumented uptick in negative depictions.”
Discussion:
@hillhulse, @sonjarwest, @pcheung630, @nicdawes, @tripgabriel, @leszaitz and @andygrewal
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, TIME, American Press Institute, The Hill, @juliemajerczak, Associated Press, Scroll.in, @thewire_in, EURACTIV.com, EURACTIV.com and The Wire
Jem Aswad / Variety:
Report: the rise of streaming has led to the preeminence of songs over albums yet record label royalties are over 3x larger than music publisher royalties — Ever since the music industry began its streaming-fueled recovery around five years ago, the songwriting and publishing communities …
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:
The Desk, nexttv.com, Awful Announcing, Hollywood Reporter, @richlightshed, ProFootballTalk, New York Post and Cord Cutters News
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 and Yahoo Finance, more at Techmeme »
Sara Fischer / Axios:
Morning Brew co-founder Austin Rief will replace Alex Lieberman as CEO; the outlet had $20M in revenue last year, grew staff to ~100, and has 3M subscribers — Morning Brew co-founder and CEO Alex Lieberman is becoming executive chairman and co-founder Austin Rief will take his place as CEO, Rief tells Axios.
Discussion:
Talking Biz News
Andrew Blustein / Adweek:
The Trade Desk, Magnite, and Innovid have partnered to programmatically buy, create, and serve interactive CTV ads — The Trade Desk, Magnite and Innovid have teamed up to form a one-stop shop to programmatically buy, create and serve interactive CTV ads to specific households.
Discussion:
MediaPost and GlobeNewswire News Room
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