Top News:
Tony Maglio / The Wrap:
Discovery says it has 18M subscribers, most on Discovery+, reports Q2 net income of $672M on revenue of $3.06B, up 21% YoY; US ad revenue grew 12% YoY to $1.1B — Discovery surpassed financial expectations in the second quarter of 2021, when advertising sales and growth at Discovery+ made for a solid three-month period.
Discussion:
The Hollywood Reporter, IndieWire, Variety, @kelseymsutton, @loudmouthjulia, @alexweprin, The Streamable, MediaPost, WORLD SCREEN, The Streamable, Variety, The Wrap and nexttv.com
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K.J. Yossman / Variety:
Discovery says more than 275M viewers in Europe watched the first nine days of the Olympics, of which 100M watched on Discovery channels or digital services
Discussion:
The Wrap and Digital TV Europe
K.J. Yossman / Variety:
Discovery's deal to buy European rights for 2018-2024 Olympics, worth $1.5B, has led to severely limited free-to-air coverage in the UK, Italy, and elsewhere
Discussion:
Personanondata, @edcumming, @scottygb, @adebradley, @djoneshoop, @eddierobson, The Guardian and @redditcfb
Nia Prater / New York Magazine:
NY AG report: Chris Cuomo of CNN sent an email that appeared to be a draft PR release for his brother, Andrew, when harassment claims against the governor arose — The newly released report from Attorney General Letitia James's office on sexual-harassment allegations against Governor Andrew Cuomo …
Discussion:
BuzzFeed News, @davidklion, @nycsouthpaw, Fox News, @davidklion, @danarubinstein, @juliareinstein, @joparkerbear, @davidmackau, @iamntyrell, @janicedean, @cfidd, @kashfida, @nadineyousif_, @jessehawken, @bytomfrank, New York Times, @nycsouthpaw, @juliareinstein, Breitbart, @joshsternberg, @jeffreyguterman, New York Post, Deadline, Insider, Mediaite, TVNewser and The Daily Beast
Nilay Patel / The Verge:
Q&A with YouTube chief product officer Neal Mohan on monetizing Shorts, content moderation with Content ID, YouTube TV, competing with TikTok, and more — YouTube chief product officer Neal Mohan joined Decoder this week to discuss YouTube's new $100 million fund to begin paying creators …
Discussion:
Social Media Today, The Streamable, @reckless, @reckless, @mhbergen, @earcos, @reckless, @nealmohan, How-To Geek, @alexeheath, 9to5Google and @alexeheath, more at Techmeme »
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Jacob Kastrenakes / The Verge:
YouTube will pay creators up to $10K/month for making original videos on YouTube Shorts, starting in 10 regions this month and paid out of its $100M Shorts Fund
Discussion:
The Wrap, TechCrunch, Tubefilter, @samsheffer, @mrbrown, New York Times and Variety, more at Techmeme »
Knight Foundation:
Knight Foundation announces Jim Brady as VP/Journalism; Brady has worked at WaPo, Digital First Media, and founded Spirited Media — Jim Brady will be VP/Journalism — Heidi Barker will be VP/Communications and Chief DEI Officer — Digital news leader Jim Brady will join the John S …
Discussion:
@knightfdn, @jimbrady, @jenniferpreston, @groundtruth, @jeffjarvis, @laurawags, @froomkin, @raju, @vivian, @ckrewson and @sewellchan
J. Clara Chan / Hollywood Reporter:
On-demand movie and TV service FandangoNow has merged with video streaming service Vudu, which will become Roku's official movie and TV store — The updated Vudu service will have more than 200,000 titles to rent or buy — including features on Disney+ like ‘Black Widow.’
Discussion:
TechCrunch, nexttv.com, Collider, Decider, Cord Cutters News, The Verge, Variety, MediaPost, Gizmodo and FierceVideo
Jon Porter / The Verge:
Spotify is testing Spotify Plus, a low-cost tier that includes ads but doesn't impose limits on track skipping and lets users pick specific songs to play — Spotify Plus is being piloted with a ‘limited number’ of users — Spotify Plus is a new low-cost subscription tier being piloted …
Discussion:
XDA Developers, How-To Geek, ScreenRant, @johnlegere, @shiraovide, Gizmodo, iMore, Hollywood Reporter and MacRumors, more at Techmeme »
Kieran Leavitt / Toronto Star:
Canada launches more talks on making digital platforms like Facebook and Google pay for journalism, with Australia's model and an indie media fund as options — The federal government has two options on the table for making digital platforms such as Facebook and Google pay media companies …
Discussion:
National Post, @mediamorphis, @mediamorphis, @mediamorphis, @torontostar, @torontostar, @torontostar and Canada.ca
Lauren Easton / Associated Press:
Daisy Veerasingham named president and CEO of The Associated Press, becoming the first woman, person of color, and foreign citizen to lead the outlet — NEW YORK - The Associated Press today named Daisy Veerasingham as its new president and CEO, effective Jan. 1, 2022.
Discussion:
Associated Press, New York Times, @rosental, @sarafischer, @mweissenstein, @deepaltrevedie, @prasanto, Poynter, @jpacedc, @dsupervilleap, The Wrap, The Hill and Reuters
Sara Fischer / Axios:
Subscription podcast company Quake raises $3.5M and says it has an almost 90% retention rate on monthly churn after the one-week free trial expires — Quake, a subscription podcast company founded by media veterans, has raised an additional $3.5 million, Axios has learned.
Discussion:
@mr312
Sara Fischer / Axios:
For the first time, a film distributor will debut a movie on Facebook via a live ticketed event; the documentary “The Outsider” will launch on August 19 — For the first time ever, a film distributor will use Facebook to debut a movie exclusively via a ticketed live event, executives tell Axios.
Discussion:
Simon Owens's Media Newsletter, Junghoon's Direct Media …, Variety, @sarthakgh, The Streamable, The Wrap and Insider
Karlene Lukovitz / MediaPost:
ViacomCBS announces a multi-year distribution agreement with Cox Communications, which will now gain access to Paramount+, Showtime OTT, and Pluto TV — ViacomCBS announced a new multi-year distribution agreement with Cox Communications that includes greater access to ViacomCBS's streaming services …
Mark Stenberg / Adweek:
Condé Nast and Universal Music Group partner to launch CNCV+, which will provide advertisers access to both audiences through one offering — This morning, Cond? Nast announced it has partnered with Universal Music Group to launch Cond? Nast Certified Video Plus (CNCV+) …
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