Mediagazer: Netflix reports Q2 revenue of $7.34B vs. $7.32B est., up 19% YoY, global paid net additions of 1.54M vs. 1.19M expected; US and Canada region lost 433K subs QoQ (Jessica Bursztynsky/CNBC)

9:55 AM ET, July 21, 2021

Top News:

Tumblr starts testing Post+, which allows users to charge their followers a monthly fee in exchange for access to exclusive content, with Tumblr taking a 5% cut — Social platform is the latest to let users earn money from posting — Microblogging stalwart Tumblr on Wednesday began …

Discussion: @anthony, more at Techmeme »

Kim Masters / Hollywood Reporter:

Looking back at the tough tactics of Disney's top comms officer, Zenia Mucha, who took an effective scorched-earth approach to PR and plans to retire in 2022 — Bob Iger's top communications officer, retiring after 20 years in the role, was by far the most powerful female player over the years …

Discussion: @kimmasters, @dawnc331, @hankstuever, @claireatki, @sulliview, @sethabramovitch, @edmundlee, @kheller and @nekesamumbi

Sam Stanton / Sacramento Bee:

Matthew Keys sent back to prison for 6 months after judge finds he deleted Comstock's mag's YouTube account after quitting his job with the pub in January '20 — Solano County journalist Matthew Keys was sentenced Monday to another six months in prison following a Sacramento judge's finding …

Discussion: @kevincollier and @sacbee_news

South China Morning Post:

Hong Kong police arrest executive EIC of now-defunct Apple Daily, the eighth senior newspaper figure to be arrested, and detain two senior employees — Lam Man-chung is the eighth senior executive from the now-defunct newspaper to have been arrested since sweeping operation …

Discussion: The Hill, Reuters, @shefaly and Associated Press

Jessica Bursztynsky / CNBC:

Netflix reports Q2 revenue of $7.34B vs. $7.32B est., up 19% YoY, global paid net additions of 1.54M vs. 1.19M expected; US and Canada region lost 433K subs QoQ — - Netflix reported earnings that missed on the bottom line. — The company's revenue and global paid net subscriber additions beat estimates.

Discussion: Variety, Insider, Light Reading, The Wrap, The Bamboo Splinter, New York Times, Gotrade Daily, @davidlaz, @sherman4949, ScreenRant, @stockmktnewz, @lucas_shaw, @sherman4949, @rfaughnder and IndieWire, more at Techmeme »

Jay Peters / The Verge:
Netflix says its expansion into gaming will start with mobile games, which will be included with a subscription at no additional cost

Discussion: axios.com, The Daily Dot, @starfire2258, @jaypeters, PC Gamer, 9to5Mac, Polygon, Daily Herald, AppleInsider, Nerdist and The Wrap, more at Techmeme »

Philip Bump / Washington Post:

Sean Hannity drew praise after urging people to “please take COVID seriously”, but Fox News' broader messaging on vaccines remains contradictory and sows doubt — That effort to sow doubt was on full display Monday night — It was a sentiment that has been heard only rarely …

Discussion: New York Times, @karaswisher, @oliverdarcy, @pbump, @pbump, @msignorile, @pbump, The Atlantic, Vox, ABC News, The Week and Newser

Isabell Hülsen / Spiegel Online:

Interview with FT Editor Roula Khalaf on attracting more female readers, how page views grew 42% YoY in 2020, and FT's reputation as a bible of capitalism — Former foreign correspondent Roula Khalaf has served as the top editor of the Financial Times since 2020.

Discussion: @raju, @elbarbie, @naomi_rovnick, @ftbrussels, @stevenowottny, @valentinapop, @brookbaypirate and @ftpressoffice

Paul Takahashi / Houston Chronicle:

Maria Reeve has been named executive editor of the Houston Chronicle, the first journalist of color to lead the paper; she has been a managing editor since 2019 — Maria Douglas Reeve, managing editor of the Houston Chronicle since November 2019, has been named the newspaper's top editor.

Discussion: @demianbulwa, @joysewing and @jenzchang

Jessica Toonkel / The Information:

Sources: Vice Media's plan to go public by merging with a SPAC has stalled as it struggles to raise more financing amid questions about Vice's valuation — Vice Media's plan to go public by merging with a special purpose acquisition company has stalled as the company struggles …

Discussion: @lauramandaro, @sherman4949 and @kerrymflynn

The Guardian:

A proposed UK secrecy law would increase prison sentences for leakers of state secrets, remove the public interest defense, and possibly put journalists in jail — Home Office plans would remove the public interest defence for whistleblowing, and could put reporters in jail — ere we go again.

Discussion: @deidrebrock, @sarahludford, @arusbridger, @nancyarts, @dcuthbert, @carolineslocock, @jimwaterson, @carolecadwalla, Reclaim The Net, Press Gazette and Tim's Newsletter

Michael De Dora / Committee to Protect Journalists:

US news orgs ask Biden and Congress for emergency visas for Afghans who worked with US media, saying they face “grievous harm and death” as troops withdraw — The Committee to Protect Journalists joined a coalition of U.S. news and press freedom organizations in joint letters …

Discussion: @rtdna, @nytimespr, @hannahbloch, @hannahbloch, @pressfreedom, @hannahbloch and RTDNA Recent Articles

Wendy Lee / Los Angeles Times:

A look at JTBC, which bought a majority stake in the creative arm of talent agency CAA, one of several forays by South Korean companies into US entertainment — The TV drama “Itaewon Class,” about a young entrepreneur who seeks to avenge his father's death by taking down his rival at a powerful corporation …

Discussion: @rverrier

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More News:

Ryan Nguyen / Wall Street Journal:
US states are creating, expanding, or reviving their tax credits and incentives programs for movie and TV production, seeking to replicate Georgia's success

Discussion: @ryanjjnguyen, @pat_garofalo and Wall Street Journal

Mark Sweney / The Guardian:
Ampere: between Q3'20 and the end of March 2021, the proportion of internet-connected people aged 55 to 64 in UK who subscribed to Netflix grew from 38% to 50%

Discussion: @jacobdotgov, @karengeier, @agewave and @kvox

Hollywood Reporter:
ESPN's Patricia Mays is named executive editor of news at The Hollywood Reporter, where she will oversee digital strategy

Discussion: Insider, @danamo, @jarretthill, @marcjspears, @mikecwright, @michaeleaves and Talking Biz News

Aaron Couch / Hollywood Reporter:
Comic creators at Marvel and DC express dissatisfaction over “paltry” contracts that don't account for their work being adapted into TV shows or movies

Discussion: @harrymccracken, @gamalhennessy, @mastergranados, @gracerandolph, @philjimeneznyc, /Film and Simon Owens's Media Newsletter

Lindsey Turrentine / CNET:
CNET, acquired last year by Red Ventures from ViacomCBS, is looking to fill 150 new roles, its biggest expansion since the 1990s

Discussion: @willoremus, @qwongsj and @techledes

Earlier Picks:

Lindsey Ellefson / The Wrap:
CNN plans to hire 450 people for the launch of CNN+ for editorial, product, technology, design, analytics, and design roles

Amanda Silberling / TechCrunch:
YouTube debuts Super Thanks, which lets users tip creators for individual uploaded videos rather than livestreams and have their message highlighted in comments

Discussion: YouTube Official Blog, Adweek, @adam22, musically.com and Variety, more at Techmeme »

Sara Fischer / Axios:
Sources: AT&T is in discussions to sell Xandr to Indian ad tech company InMobi; the mismanaged ad unit has annual revenue of ~$300-$380M and losses of $50-$90M

Discussion: @sarafischer, @profcarroll, @digitalshields, @acfou, @catthekin, @loupas, @reckless, @awolk, @aripap, @karlbode, @alexweprin, @loudmouthjulia, Ad Age and Bloomberg

Todd Spangler / Variety:
WarnerMedia is letting Snapchat users in the US watch pilot episodes of some HBO Max original series, like Gossip Girl and Euphoria, for free

Discussion: The A.V. Club, /Film, @xpangler, The Verge, Hollywood Reporter, The Streamable, Forbes, TechCrunch, Adweek and FierceVideo, more at Techmeme »

Sara Fischer / Axios:
Substack is funding the launch of podcast network Booksmart, which will start with five podcasts; subscribers will get extra content for $7/month or $70/year

Discussion: @tnwhiskeywoman, @sub8u, @rfaughnder, @nwquah, @sarafischer, @tomgara and axios.com

From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions

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