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8:50 AM ET, October 20, 2021

Mediagazer

 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.”
RELATED:
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  —  - Netflix is set to report earnings after the bell Tuesday.  —  Netflix CEO Reed Hastings  —  Netflix shares were up more than 2% …
Zoe Schiffer / The Verge:
Ahead of the Wednesday walkout, Netflix's trans employees release demands including putting a warning on transphobic content and boosting trans-affirming titles
Washington Post:
The Washington Post names Kat Downs Mulder as chief product officer and managing editor, creating a hybrid role between news and engineering  —  Memo to staff from Executive Editor Sally Buzbee and CIO Shailesh Prakash:  —  To our colleagues,  —  We are happy to announce that Kat Downs Mulder …
Discussion: Talking Biz News and @raju
RELATED:
Paul Farhi / Washington Post:
WaPo promotes Cameron Burr to senior managing editor and gives the chief product officer title to Kat Downs Mulder, currently managing editor for digital
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
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.
Discussion: ZDNet, ZDNet and Verizon
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 …
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
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.
Discussion: Beet.TV and Ad Age
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 …
AllAccess.com:
Filing: John Malone's Liberty Media sold its entire stake in iHeartMedia, apparently ending Liberty's long-running effort to gain control of the broadcaster  —  What do you think?  Add your comment below.  —  LIBERTY MEDIA CORP. has sold off its 5,941,248 shares of iHEARTMEDIA Class A Common Stock at $25.25/share.
Discussion: Billboard
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 …
Discussion: @psawers and Gizmodo
 
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 More News: 
Daisuke Wakabayashi / New York Times:
Nonprofit Lady Freethinker sues YouTube, claiming failure to remove animal abuse videos is a breach of contract with users
Dorany Pineda / Los Angeles Times:
The Black Mountain Institute at University of Nevada Las Vegas will stop publishing The Believer magazine in spring 2022, citing the pandemic's financial impact
Laura Hazard Owen / Nieman Lab:
The three remaining board members of Akron's The Devil Strip launch a $75K GoFundMe campaign to try to keep the publication afloat, after its abrupt demise
Jon Porter / The Verge:
Instagram says this week it will add a “Collabs” feature to let users co-author Reels and posts, the ability to post from desktop browsers, and more
 Earlier Picks: 
Todd Spangler / Variety:
Comcast unveils XClass smart TVs starting at $298, available at Walmart, and offering 12 months of ad-supported Peacock Premium for free in the US
Amanda Meade / The Guardian:
The Sydney Morning Herald editor Lisa Davies resigns after five years leading the newsroom, leaving both the Herald and the Sun-Herald without editors
Edward Ongweso Jr / VICE:
Facebook posts an odd thread attacking 30+ unnamed journalists “finishing up a coordinated series of articles based on thousands of pages of leaked documents”