Top News:
Variety:
Netflix lays off roughly 300 people out of its ~11,000 global employees, with the bulk of the jobs lost in the US, after initial job cuts of 150+ in May 2022 — Layoffs have hit Netflix again, with the streamer letting go of roughly 300 staffers on Thursday, Variety has learned exclusively.
Discussion:
Fast Company, Deadline, The Guardian, The Verge, CNET, @scottemovienerd, Tubefilter, TheStreet, The Streamable, Engadget, @lucas_shaw, @loudmouthjulia, @shanellegenai, Los Angeles Times, New York Post, @phil_lewis_, @brookeobie, Insider, Bloomberg, The Wrap, Too Much TV Newsletter, IndieWire, @lucas_shaw, Reuters and Media Play News
RELATED:
Patience Haggin / Wall Street Journal:
Ted Sarandos confirms Netflix is talking with potential partners to help launch an ad-supported tier and says the company might build its own ad business later — Streaming giant's Co-CEO Sarandos says the company wants a ‘pretty easy entry to the market’ — CANNES, France …
Discussion:
The Streamable, Hollywood Reporter, Deadline, The A.V. Club, Adweek, MacRumors, UPROXX and 9to5Mac
Wall Street Journal:
Sources: Comcast and Google have emerged as the top contenders to help Netflix develop an ad-supported tier, and Netflix has discussed ad partnerships with Roku
Discussion:
@asharma, Search Engine Land, Fast Company, Digital TV Europe, Slashdot, @digitalshields, CNBC, @matt_cochrane7, Adweek, Tubefilter and The Streamable
Alex Sherman / CNBC:
Semafor will be ad-supported for “six, 12, maybe 18 months”, add a paywall for most articles, and use talent agents to pair journalists with products and events — - Media executives are hopeful they've learned lessons and streamlined their businesses to weather a potential recession.
Discussion:
New York Times and @taylorlorenz
RELATED:
New York Times:
Justin Smith and Ben Smith's Semafor raised $25M from Jessica Lessin, crypto billionaire Sam Bankman-Fried, and others; debut is planned for fall with ~30 staff
Discussion:
@sherman4949, @hshaban, The Rebooting, @ashleevance, @semafor, @parismartineau, Poynter, American Press Institute, bookforum.com, @jayrosen_nyu, @jeremymbarr, @emilybell, @marisakabas, @maxkennerly, @kairyssdal, @jeffjarvis, @loganrhoades, @theferocity, @sivavaid, @damemagazine, @owillis, @semaforben, @_cingraham, @kimmasters, @kimmasters, @froomkin, @athenae, @jonvankin, @keitholbermann, Digiday, @karlbode, @mattgertz, @juwanthewriter, @blackamazon, @green_footballs, @soledadobrien, @_cingraham, @davmicrot, @mattnegrin, @scclemons, @mobute, @parkermolloy, @dceiver, @letsgomathias, @goldengateblond, @oliverdarcy, @taylorlorenz, @tomgara, @froomkin, @owillis, @jason_kint, @mlcalderone, @ceciliakang, @elanazak, @dgisserious, @joshsternberg, @benmullin, @margarettalev, @kadiagoba, @oliverdarcy, @hbottemiller, @samro, @teddyschleifer, @benmullin, @semaforben, @semaforben, @benmullin, @grace_panetta, @haleaziz, @katie_robertson and Mediaite
Brian Stelter / CNN:
A look at the 20-year-old SCOTUSblog, founded by husband-and-wife team Tom Goldstein and Amy Howe, who see it as a public service and say it loses ~$400K/year — New York CNN Business — … Where will you be at 10am ET on Thursday? Like tens of thousands of other people …
Discussion:
@sarahscire, Bloomberg and @brianstelter
Washington Post:
A look at the techniques used in the live broadcasts presenting the House January 6 committee's evidence, produced by former ABC News president James Goldston — The panel probing the Capitol attack is trying to turn its investigative grind into must-see television
Discussion:
Vanity Fair, @ebboyd, @ebboyd, @ebboyd, @ebboyd, @ebboyd, TMZ.com, The Guardian, @oliverdarcy, NPR, @washingtonpost and @ericuman
Deadline:
Warner Bros. Discovery acquired the Unprecedented three-part docuseries subpoenaed by the January 6 Committee, set to air on Discovery+ later in summer 2022 — EXCLUSIVE: Rep. Bennie Thompson (D-MS), the chairman of the January 6th Committee, said on Wednesday that the hearing schedule will continue into July.
Discussion:
CNN, The Wrap, New York Times, Variety, Variety, CBS News, Vanity Fair, @ntarnopolsky, @sollenbergerrc, The A.V. Club and Hollywood Reporter
Peter Kafka / Vox:
Traditional media companies, especially TV, as well as streamers, face a serious threat from TikTok, and seem to be doing little so far to counter or respond — Facebook knows it has a TikTok problem. TV and streamers do, too. — The people who bring you video entertainment …
Discussion:
@niemanlab, @mattnavarra, Bloomberg, @alexweprin, @sportstvratings, @pkafka, @pkafka, @mattgertz, @joshuaogundu, @ryanlcooper and @rmc031
Mariella Moon / Engadget:
Spotify replaces Concert Hub with a Live Events Feed, populated by Ticketmaster, AXS, DICE, Eventbrite, See Tickets, and other partners, for finding tour dates — Spotify has expanded its old Concert Hub and added more features to make it easier to find information and tickets for live events in your location.
Discussion:
Spotify, Billboard, TechCrunch and @chrismessina, more at Techmeme »
Politico:
Books by Kellyanne Conway, Bill Barr, and other Trump administration aides are underperforming as they don't have news nuggets and don't appeal to MAGA circles — A year after Donald Trump lost the 2020 election, his former chief of staff Mark Meadows released a tell-all book about his 10 months …
Discussion:
@owillis, @niubi, @meridithmcgraw, @thekarami, Insider, @dlippman, @michaelkruse, @sarah_boxer and @dlippman
Michael Stahl / TVNewsCheck:
Sources: a staff exodus at Altice's News 12 New Jersey, serving seven Tri-State markets, is due to a toxic workplace and sponsored content overtaking local news — Mass resignations have rocked the editorial staff at News 12 New Jersey. According to three sources close to the situation …
Discussion:
@tvnewscheck and @michaelrstahl
Megan Graham / Wall Street Journal:
A look at efforts to reduce online advertising's carbon footprint, which, according to a 2018 study, accounts for roughly 10% of the internet's energy usage — Digital ads require a lot of computing power, but the exact amount of electricity they consume is hard to pin down
Discussion:
@nalanpog, @openx, @ad_association and @raju
Naman Ramachandran / Variety:
Barb: 19.57M UK households, or 68.5%, had a streaming service subscription in Q1 2022, up almost 500K from Q4 2021; 6.53M had Disney+ and 1.57M had Apple TV+ — STREAMING … BARB's establishment survey for the first quarter of the year reports that the number of U.K. households with access …
Discussion:
AppleInsider
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