Top News:
Matt Donnelly / Variety:
Ahead of a walkout by Netflix staff, Ted Sarandos says he “screwed up” internal messaging and acknowledges that “storytelling has real impact in the real world” — Netflix Co-CEO Ted Sarandos s speaking out over continued criticism of the Dave Chappelle comedy special “The Closer.”
Discussion:
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Jessica Bursztynsky / CNBC:
Netflix reports Q3 revenue of $7.48B, up 16% YoY, operating income of $1.76B, up 33% YoY, and 214M paid subs, adding 4.4M YoY and beating estimates of 3.84M
Discussion:
The Irish Times, Variety, Variety, Financial Times, Fortt Knox, Netflix, The Information, Transistori, @marinamedvin, @czedwards, @adamantxyves, NPR, @keithboykin, @sherman4949, @xpangler, @loudmouthjulia, @richlightshed, CNET, @maxkennerly, @brianstelter, @natjarv, @natjarv, @natjarv, @stevekovach, Daily Herald, Deadline, The Wrap, IndieWire, The Streamable, Axios and Yahoo Finance, more at Techmeme »
Todd Spangler / Variety:
Spotify partners with Shopify to let artists list merch on profiles for $29/month to $299/month, starting in the US, UK, Canada, Australia, and New Zealand — Spotify on Wednesday announced a new partnership with ecommerce provider Shopify to let artists list merchandise directly on their profiles …
Discussion:
TechCrunch, Spotify for Artists, Ad Age, Billboard, Music Ally and Music Business Worldwide, more at Techmeme »
Robert Sawyer / Press Gazette:
The Guardian appoints deputy opinion editor and columnist Joseph Harker to the newly created role of senior executive for diversity and development — The Guardian has appointed deputy opinion editor and columnist Joseph Harker as its new senior executive for diversity and development.
Discussion:
@rasmus_kleis, @drfrancesryan and The Guardian
William Earl / Variety:
Twitter partners with Variety to launch three Trending TV charts, ranking the most tweeted about TV shows across network TV and streaming — Variety and Twitter have partnered on a unique, first-of-its-kind chart that ranks the most tweeted about TV shows across network television and streaming.
Discussion:
@jenp, @sarahrosen, @variety and Adweek
William Turton / Bloomberg:
Sources: the recent ransomware attack against Sinclair is linked to Russian group Evil Corp., which changed names to avoid 2019 US sanctions — - Evil Corp. said to change names to avoid 2019 U.S. sanctions — Broadcaster hit with new ransomware strain called Macaw
Discussion:
@lululemew, @williamturton, Insider and The Verge, more at Techmeme »
Jill Goldsmith / Deadline:
Mubi, a streaming service offering art house movies, launches Mubi Go, which gives US subscribers theater passes to one selected movie per week, starting in NYC — EXCLUSIVE: Arthouse streamer and distributor Mubi is launching a U.S. in-theater offering this month letting members see one film …
Brian Steinberg / Variety:
AMC Networks announces an initiative to let advertisers use programmatic ad buying for live TV inventory — AMC Networks wants to make it possible for advertisers to buy time in linear broadcasts of “The Walking Dead” or “Better Call Saul” in the same way they do digital commercial inventory.
Taylor Hatmaker / TechCrunch:
Superplastic, which owns an animated collab house of “synthetic superstars” on social media, raises a $20M Series A, bringing its total funding to $38M — A company from the creator of Ello and Kidrobot is announcing a new $20 million funding round to build out an imagined virtual world populated …
Discussion:
Fast Company and VentureBeat
Jeff Kotuby / The Streamable:
Report: Netflix and YouTube had a combined 47% share of “connected TV time spent” in June, down just 2% from January 2020 despite growth in rival services — Netflix and YouTube may be far more dominant than we realize. — According to a report from LightShed Partners …
Discussion:
SlashFilm, LightShed Partners, Cord Cutters News, @richlightshed and @richlightshed
Bloomberg:
Sources: Discovery is cutting back high-profile projects on Discovery+, including an NYT doc on Louis CK; source says the cuts amount to $25M-$35M in costs — - Louis C.K. documentary is among $35 million in cancellations — CEO Zaslav has yet to detail online video plans after merger
Discussion:
@newsynick and @lucas_shaw
Spiegel Online:
Sources: the sacking of Bild EIC Julian Reichelt came after years of questionable conduct and Axel Springer showed no interest in disciplining him — The sacking of Julian Reichelt, the editor-in-chief of Germany's top tabloid, only came after years of questionable conduct.
Discussion:
@ddiamond, @heathermallick, @danieldrepper, Columbia Journalism Review, @markdistef, @benyt, @benyt and @benyt
Georg Szalai / Hollywood Reporter:
Verizon Media reports $1.4B revenue for the two months of Q3 before it was sold to Apollo Global; FiOS TV lost 68K subscribers in Q3, up from a 62K loss in Q2 — The telecom giant, led by Hans Vestberg, has been shifting its video focus to partnerships with third-party streaming services.
Queenie Wong / CNET:
Pinterest will release Creator Originals, a content series with over 100 creators across 10 countries, and create a $20M Creator Rewards in the US — The redesigned home feed includes two sections: browse and watch. — Pinterest said Wednesday it's revamping its home feed …
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