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11:30 AM ET, July 29, 2022

Mediagazer

 Top News: 
Casey Newton / Platformer:
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations  —  Say goodbye to the full-screen feed, and at least some of those recommendations — for now.  Adam Mosseri explains why
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Brian Welk / The Wrap:
The HFPA plans to sell the Golden Globes to CEO Todd Boehly's Eldridge Industries, which will create a company to manage the assets; the charities stay separate  —  The Hollywood Foreign Press Association has shed its non-profit status and agreed to sell the Golden Globes …
Todd Spangler / Variety:
Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M est., 200M fewer streaming hours at 20.7B, and 1.8M active accounts added to 63.1M; stock down 25%+  —  Roku fell short of Wall Street financial forecasts for the second quarter — and the streaming platform saw the number of hours streamed by customers drop from Q1.
Kate Aurthur / Variety:
Over 400 TV creators and showrunners demand that Netflix, Disney, WBD, NBCU, Apple, and others publish policies to protect employees in abortion-banning states  —  On Thursday morning, a collective of more than 400 television creators and showrunners sent a letter to top-level executives at Netflix …
Patrick Brzeski / The Hollywood Reporter:
Sony Pictures reports Q1 revenue up 41% YoY to $2.64B and profit up 70% YoY to $394M, driven by TV series, licensing, home entertainment, and streaming services  —  Sony Corp. reported its latest financial results in Tokyo Friday, with revenue at the pictures division soaring 41 percent to $2.64 billion.
Discussion: Variety and Deadline
Nathan Grayson / Washington Post:
As inflation rises and a recession looms, some Twitch streamers in the US are losing promotional deals, forcing them to rely on meager earnings from the service  —  Listen  —  Gift Article  —  Khairi Harris, who goes by the handle “KDotDaGawd” on Twitch, is hanging onto his career as a full-time streamer by a thread.
Kif Leswing / CNBC:
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022  —  - Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker.
Sara Fischer / Axios:
Sources: Meta begins telling its ~50 US news partners that the company will not renew its three-year deals from 2019 to pay for content in Facebook's News Tab  —  Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
 
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 More News: 
Annie Palmer / CNBC:
Amazon reports Q2 advertising services revenue grew 18% YoY to $8.76B, vs. $8.65B est., and subscription services grew 10% YoY to $8.72B
Sarah Blaskey / Miami Herald:
How Florida Power & Light bankrolled and controlled the Capitolist, which portrayed itself as a feisty independent outlet, to bash Florida Power & Light critics
 Earlier Picks: 
Jonathan M. Katz / The Racket:
A writer details how a podcast plagiarized his work, a widespread issue as demand for podcast content exceeds the amount of original reporting by journalists
Paul Sawers / TechCrunch:
Filing: Spotify bought Findaway for €117M, Sonantic for €91M, and Chartable and Podsights for €83M, with a possible extra payment of €21M
Alex Sherman / CNBC:
NBCUniversal reports Q2 revenue up 18.7% YoY to $9.4B and adjusted EBITDA up 19.5% YoY to $1.9B; Peacock lost $467M as its subscribers stayed flat QoQ at 13M
Abner Li / 9to5Google:
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests