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9:35 PM ET, July 19, 2022

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 Top News: 
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 9% YoY to $7.97B, vs $8.04B est., and a 970K subscriber loss vs an estimated 2M subscriber loss; stock jumps 5%+ after hours  —  Netflix shares jumped 6% after the company said it lost fewer subscribers than anticipated during the second quarter.
RELATED:
Todd Spangler / Variety:
Netflix acquires Australian animation studio Animal Logic for an undisclosed cash price and expects the deal to close in 2022; Animal Logic has ~800 employees  —  Netflix is acquiring Australian animation studio Animal Logic, which is producing films for the streamer including …
Todd Spangler / Variety:
Netflix plans to launch its cheaper, ad-supported plan in “the early part of 2023”, starting in “a handful of markets where advertising spend is significant”
Reuters:
Netflix is borrowing a page from Disney's playbook by building brands that traverse film, TV, games, and consumer products, to counter slowing subscriber growth
Wall Street Journal:
Memo to staff: Meta is reallocating resources from Facebook's News tab and newsletter platform Bulletin, as the company focuses more on the creator economy  —  Senior executive tells employees that News tab and Bulletin newsletter platform will be ‘put on the backburner’
Sara Fischer / Axios:
UK events and publishing company Informa acquires Industry Dive, a US business newsletter publisher, for $389M in cash and up to $525M depending on performance  —  Industry Dive, a Washington, D.C.-based business media company, has signed an agreement to be acquired by Informa …
Sara Fischer / Axios:
Bloomberg Media is planning a major international expansion starting in 2022, hiring in-house talent in some markets and partnering with local outlets in others  —  Bloomberg Media is planning a major expansion into localized coverage of different regions around the world, CEO Scott Havens told Axios.
Discussion: Talking Biz News and @sarafischer
Tatiana Siegel / Rolling Stone:
Bots amplified the fan-led campaign to release Zack Snyder's Justice League; 13%+ of users in the conversation were deemed fake, above the typical 3% to 5%  —  A WarnerMedia report reveals that bots and other inauthentic users bolstered the fan-led campaign for director Zack Snyder's Justice League do-over
Todd Spangler / Variety:
YouTube rolls out new shopping features, including a Shopify partnership to let eligible US creators and merchants link their Shopify store and YouTube channel  —  YouTube already soaks up billions of hours of the world's attention.  Now the video giant also wants to hoover up a bigger piece of consumers' online purchases.
Sara Fischer / Axios:
Charter, an outlet that covers the future of work, raised a $3M seed to debut Charter Pro, a membership-based insights service for HR leaders by the end of 2022  —  Charter, the digital media and insights company focused on the future of work, has raised a $3 million seed round to jump-start …
Andrew Fedorov / The Fine Print:
Three Substack Local fellows say the year-long grant program didn't provide much business support; Substack's Hamish McKenzie says success wasn't guaranteed  —  Last April, Substack committed $1 million to a program to give grants for local journalists to launch publications …
Amanda Meade / The Guardian:
PwC: Australian households spend AU$4,500+ per year on internet access, pay TV, gaming, news subscriptions, and other media; 75%+ paid for streaming TV in 2021  —  PwC expects more than 80% of households will be paying for streaming services by end 2022  — Get our free news app, morning email briefing and daily news podcast
 
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 More News: 
Erin Overbey / @erinoverbey:
[Thread] The New Yorker's Erin Overbey details the ways she was punished through a performance review after speaking up about gender inequality at the outlet
Jim Waterson / The Guardian:
Extinction Rebellion activists put up “tell the truth” posters and smashed the windows of News UK's London offices over the company's coverage of climate change
 Earlier Picks: 
Ted Johnson / Deadline:
The DOJ declines to prosecute nine staff of The Late Show with Stephen Colbert, who were arrested in June 2022 for unlawful entry of buildings at the US Capitol
Ben Kesslen / New York Post:
The Pulitzer Prize Board rejects Trump's call to rescind the 2018 prizes it gave to The New York Times and The Washington Post for the Russian collusion story
Chris Welch / The Verge:
Amazon starts rolling out a Prime Video redesign for Android and connected TV devices, with a Netflix-like look, a top 10 list, a vertical navigation, and more
Alex Weprin / The Hollywood Reporter:
NBC News' Stay Tuned averages 1M views/episode on Snapchat, has 1M+ TikTok followers, and is planning its first documentary in September and a podcast in 2023