Top News:
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 — AT&T is in discussions to sell its ad unit to Indian ad tech giant InMobi, sources tell Axios.
Discussion:
Ad Age, @sarafischer, @acfou, @reckless, @alexweprin, @awolk, @aripap, @loupas, @loudmouthjulia, @catthekin, @karlbode and Bloomberg, 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 — Substack is funding the launch of a new podcast network called Booksmart Studios, executives tell Axios.
Discussion:
axios.com, @tomgara, @sarafischer, @rfaughnder and @nwquah, 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 — Games will be included at no added cost with a Netflix subscription — Netflix revealed that its initial efforts in gaming will be focused on mobile games …
Discussion:
The Streamable, The Wrap and Fast Company, more at Techmeme »
RELATED:
Jessica Bursztynsky / CNBC:
Netflix reports Q2 revenue of $7.34B vs. $7.32 est., up 19% YoY, global paid net additions of 1.54M vs 1.75M expected; US and Canada region lost 433K subs — - Netflix reported earnings that missed on the bottom line and subscriber additions. — The company's revenue slightly beat estimates.
Discussion:
The Wrap, Variety, New York Times, @davidlaz, @stockmktnewz, @sherman4949, @sherman4949 and @lucas_shaw, more at Techmeme »
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 — As part of our largest expansion since the 1990s, CNET is adding more than 150 new roles. … CNET, newly a part of Red Ventures, is making moves to reinvent the modern media model.
Discussion:
@qwongsj and @techledes
Erich Schwartzel / Wall Street Journal:
Sources: Apple wants to lease a large campus in LA for film and TV production as competition for soundstages heats up — The producer of ‘Ted Lasso’ and ‘The Morning Show’ wants to expand its presence in the competitive streaming landscape — Apple Inc. told real-estate developers it wants …
Discussion:
Forbes, New York Post, @mattbelloni, @richlightshed, AppleInsider and @pat_garofalo
Wall Street Journal:
Sources: ViacomCBS' Shari Redstone and Bob Bakish and Comcast CEO Brian Roberts met in June to discuss potential streaming partnership for international markets — Late June meeting also included ViacomCBS CEO Robert Bakish; focused on potential to join forces in international markets
Discussion:
@benmullin, @lilliannnn, FierceVideo, @michaelsocolow, @entstrategyguy, @masasoncap, @wsj, @pkafka, @great_katzby, @gregobr, @richlightshed and @richlightshed
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 — In a new sampling strategy to boost HBO Max signups, WarnerMedia is letting Snapchat users in the U.S. watch select pilots of the streaming service's …
Discussion:
The Streamable, Forbes, TechCrunch, Adweek, Hollywood Reporter, FierceVideo and @xpangler
Cynthia Littleton / Variety:
Univision announces executive changes: Luis Silberwasser will oversee entertainment, news, and sports, and Leopoldo Gomez will be head of the news division — Univision has unveiled a massive overhaul of its corporate ranks as well as the leadership of its entertainment, news and sports divisions.
Hollywood Reporter:
ESPN's Patricia Mays is named executive editor of news at The Hollywood Reporter, where she will oversee digital strategy — Mays, who oversaw the national coverage team for ‘SportsCenter’ as well as other TV studio shows, live events and digital while at ESPN, has been named to a top editor role at THR.
Discussion:
Insider and Talking Biz News
Maeve Sheehey / Politico:
DOJ announces that it will no longer use compulsory legal processes to seize records from reporters acting “within the scope of their newsgathering activities” — The president has previously criticized the Trump administrations' secret seizure policies.
Discussion:
@ap, @ryanjreilly, Associated Press, The Reporters Committee …, Media Nation, U.S. Department of Justice, @ifjglobal, @jlpassarelli, @tedlieu, @reptedlieu, @repraskin, @markszaidesq, The Wrap, @digiphile, @alexhern, @neal_katyal, @janemayernyer, @tom_winter, @kaitlancollins, @matthewamiller, @danielschuman, @bradmossesq, @johnson_carrie, @maria_hinojosa, @dabeard, @davidfolkenflik, @alanmillernlp, @sulliview, Voice of America, CNN and Axios
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 — The star writers and artists behind major comic book characters are becoming increasingly outspoken about “paltry” …
Discussion:
@philjimeneznyc and /Film
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