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:
Apple, @mattmedeiros, Vox, @kantrowitz, @ashleyrcarman, TechCrunch, Nieman Lab, 9to5Mac, @jakeshapiro, Wall Street Journal, @ashleyrcarman, @simonowens, PRX Official, Complete Music Update, musically.com, Nathan Gathright, Podnews podcasting news, Supporting Cast, Matt on Audio, “Questioni d'o …, @achangeoftune, @chrismessina, @itstreverr, @ow, RAIN News, @kylekashuv, Mumbrella, @chrismessina, @ashleyrcarman, @aexm, @kantrowitz, @alexeheath, @heyheyesj, @karaswisher, @caseynewton, AppleInsider, @kevin_indig, @sims, @nprextra, @simonowens, @lucas_shaw, @theshortboxjax, @lucas_shaw, @godfree, @ashleyrcarman, @cheriehu42, @sidharthajha, @simonowens, @prodanstatev, @lanterncast, @pkafka, ScreenRant, Variety, Gizmodo, 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, @lucas_shaw, MediaNama, Hollywood Reporter, Forbes, IndieWire, @thestalwart, @tvmojoe, @tvmojoe, Digiday, Junghoon's Direct Media …, @lucas_shaw, The Verge, @xpangler, @mylesudland, @pkafka, Ad Age, @tvmojoe, Light Reading, @variety, ZDNet, 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, Collider, CNBC and New York Times
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, Business of Apps, @rmac18, @kurtwagner8, ВІС …, @obrien, @fidjissimo, Hot Pod News, @earleyedition, Bloomberg, @lopezlinette, @mikeelgan, @pkafka, @davewiner, @mosseri, @petecashmore, @yeshacallahan, @matt, @bridgetobarrett, @facebook, @steverandalluk, @mollyjongfast, @wongmjane, @nbashaw, @kerrymflynn, @sarafischer, @kerrymflynn, @kerrymflynn, @kerrymflynn, @kerrymflynn, The Verge, @alexeheath, @richlightshed, @mashstartup, @kantrowitz, Social Media Today, 9to5Mac, CNET and CNBC
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:
The Guardian, Reuters, @bookedbusy, @wsj, @patiencehaggin, Breitbart, Financial Times, Daily Herald, The Wrap, MediaPost, Beyond Search, The Hill and New York Post
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, @fightoracle, Insider, @heynottheface, @arashmassoudi, @newyorker, @mattgarrahan, @robnashville, @kevinmdraper, @andrewrsorkin and Page Six
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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
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, @lcmporter, @uspresstracker, @thewire_in, @radiofreeasia, @cdeloire, @juliemajerczak, Voice of America, @janebsinger, Newser, @rasmus_kleis, American Press Institute, EURACTIV.com, The Wire, EURACTIV.com, Associated Press, The Hill, Politico, Scroll.in and The Guardian
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:
@jswatz, @peterbakernyt, @raju, @arusbridger, @hillhulse, @sonjarwest, @pcheung630, @nicdawes, @tripgabriel, @leszaitz and @andygrewal
Manuel Roig-Franzia / Washington Post:
Profile of Dan Bongino, a Trump supporter who leads lists of shared Facebook posts, has a thriving YouTube channel, and will fill Limbaugh's radio spot in May — One day in the waning months of the 2020 presidential campaign, Dan Bongino — a former Secret Service agent turned serial …
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
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
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 …
Discussion:
@crispinhunt, @kerrymuzzey and @thinkmusicorg
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