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:
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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 …
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 »