Top News:
Bloomberg:
As advertisers struggle with Reels, Meta tries to ease them into the format, including, sources say, by encouraging them to test their video ads on TikTok first — Reels — the short videos that Facebook and Instagram are pushing — are getting more popular, parent company Meta Platforms Inc. says.
Discussion:
@sarahfrier, The Verge, Wired, The Information and Gizmodo
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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
Discussion:
The Information, Protocol, Serious Help, The Verge, @pierce, Wired, @laurengoode, @brianoliu, @carnage4life, odd & other news, @carnage4life, Kulturpop, بهر …, Variety, @kelsaywhat, Big Technology, Fortune, @fabiochiusi, @michaelmiraflor, @rob_sheridan, @reckless, @dz, @seyitaylor, @frankpallotta, @delia_cai, @kateconger, @parismartineau, @lisatozzi, @brianstelter, @oduneweniyi, That Was The Week, Digital gefesselt, Gizmodo, The Week, The Wrap, Wall Street Journal, Dirt, The Guardian, PARADE Magazine, Slate, Mashable, Social Media Today, Ed Zitron's Where's Your Ed At, Insider, BuzzFeed News, TechCrunch, 9to5Mac, Adweek and dont be boring, more at Techmeme »
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 …
Discussion:
Variety, SlashFilm, The Hot Button, @sharonwaxman, @wearlbrown, @scottfeinberg, Deadline, The Hollywood Reporter, HFPA, Los Angeles Times and IndieWire
Amanda Seitz / Associated Press:
Twitter says it received 326 legal demands from governments globally on 349 accounts of verified journalists and news outlets in H2 2021, up 103% from H1 2021 — WASHINGTON (AP) — Twitter warned Thursday that governments around the globe are asking the company to remove content or snoop …
Discussion:
Axios, Adweek, Twitter, The Hill and 2nd Smartest Guy in the World, more at Techmeme »
Manori Ravindran / Variety:
Paramount Global names Pamela Kaufman as its president and CEO of international markets, replacing Raffaele Annecchino, who is exiting after being put on leave — Paramount Global has appointed a new leader for its international business, naming Pamela Kaufman as its president and CEO …
Discussion:
The Hollywood Reporter, Next TV, Media Play News and WORLD SCREEN
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.
Alexandra Turner / Press Gazette:
WARC marketing study: UK ad spend in Q1 2022 rose 28.3% YoY to £8.6B; national news brands saw growth of 15.9% YoY in Q1 2022 compared to 16.6% YoY in Q4 2021 — UK ad spend hit a record high in the first quarter of this year but growth is expected to slow this year …
Sarah Perez / TechCrunch:
YouTube rolls out a new tool that lets creators select up to 60 seconds of any video they posted and turn it into Shorts content, available on Android and iOS — YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok.
Discussion:
Mashable, TechRadar, 9to5Google, Newslit Daily, @killedbygoogle, Social Media Today, The Verge and Tubefilter, more at Techmeme »
The Guardian:
Russia's media watchdog asks a court to cancel the media license of Novaya Gazeta's website for “not providing its editorial statute” within a timeframe — Russia's media watchdog demands registration be declared invalid as independent newspaper vows legal fight
Discussion:
Нов …, @nycjim, @aidanpwhite and @fabiochiusi
Nathan Grayson / Washington Post:
As inflation rises and the economy contracts, some US Twitch streamers are losing promotional deals, forcing them to rely on meager ad 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.
Discussion:
@rachaelmyrow, @kp11studios, @vahn16, @cypheroftyr, @kyurieff, @launcherwp, @vahn16, @mikehumepost, @launcherwp and @vahn16
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 …
Discussion:
American Press Institute, The Unraveling, CNET, Protocol, DERT Letter, @dennisjromero, @rmc031, @jason, @mmasnick, @drewmcweeny, @edzitron, Gizmodo, @jeremylittau, @jeremylittau, @jeremylittau, @jeremylittau, @jeremylittau, @mikeorren, @joshelman, @elipariser, @jeremylittau, @mathewi, @jamesrbuk, Newser, The Verge, @zigmanfreud, @scottbrodbeck, @yoda, @wickdchiq, @davidfolkenflik, @mattbrownep, @amasna, @raph_bloch, @sarafischer, Social Media Today, Wall Street Journal and Columbia Journalism Review, more at Techmeme »
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.
Discussion:
Roku, Adweek, Insider, The Wrap, @shortl2021, @data168, @dadehayes, Digiday, @adweek, @xpangler, @xpangler, CNBC, Deadline, The Streamable and MediaPost, more at Techmeme »
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