Top News:
Todd Spangler / Variety:
Disney announces Disney+ Basic, its ads tier for $7.99 per month, launching in the US on December 8, and raises the ad-free price from $7.99 to $10.99 per month — Disney has set pricing and date for the U.S. launch of the version of Disney+ with ads, while also hiking the monthly price of the Disney+ tier with no ads.
Discussion:
The Walt Disney Company, Digiday, @loudmouthjulia, @film_girl, @xpangler, TVLine, MediaPost, The Wrap, The Streamable, Insider, @drtvlotz, @carnage4life, TechCrunch, The Verge, @xpangler, CNBC, Gizmodo, Decider, 9to5Mac, @xpangler, AppleInsider, Ad Age, @davidfowl, Adweek, The A.V. Club, CBR, Next TV and Light Reading, more at Techmeme »
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Sarah Whitten / CNBC:
Disney beats with Q3 revenue up 26% YoY to $21.5B, vs. $20.96B est., 14.4M new Disney+ subscribers, and 221M total streaming subscribers; the stock jumps 5%+ — - Analysts anticipate the company added around 10 million new Disney+ subscribers during the period between April and June, bringing the total number of users to 147 million.
Aisha Malik / TechCrunch:
Disney hit 221.1M global streaming subscribers in Q3, surpassing Netflix's 220.7M in Q3; Disney+ had 152.1M subscribers, Hulu had 46.2M, and ESPN+ had 22.8M — The Walt Disney Company reported on Wednesday that total Disney+ subscriptions rose to 152.1 million during the company's third-quarter, posting better-than-expected results.
Erik Hayden / The Hollywood Reporter:
Disney lowers its Disney+ subscriber forecast to between 135M and 165M by 2024, and separates its Disney+ Hotstar subscriber guidance, aiming to hit 80M by 2024 — The Hollywood giant's flagship streaming platform had earlier set guidance of 230 million to 260 million subscribers by 2024 …
Discussion:
The Hollywood Reporter, Wall Street Journal, Variety, CNBC and Deadline, more at Techmeme »
Oliver Darcy / CNN:
Memo: The Washington Post media critic Margaret Sullivan is retiring her column at the end of August 2022 and will join Duke University as a visiting professor — New York (CNN Business)Media critic Margaret Sullivan is retiring her column and departing The Washington Post this month.
Discussion:
@sulliview, @oliverdarcy, Vanity Fair, @oliverdarcy, @mlcalderone, @emilybell, @bgrueskin, @dangillmor, Sanford School …, @mlcalderone, @vanityfair, @parkermolloy, @bandriatch, @ericmgarcia, @stuartemmrich, @newsceo, @sulliview, @katzish, @film_girl, @brandonetc, @karenkho, @charlottetklein, @mathewi, @timjgraham, @lisatozzi, @citizencohn, @evanasmith, @jasonabbruzzese, @brandyzadrozny, @jayrosen_nyu, @nfl_dougfarrar, @meredithshiner, @lrozen, @ddiamond, @froomkin, @ericschultz, @oneunderscore__, @dansaltzstein, @mollyjongfast, @dankennedy_nu, @malitzd, @deborahblum, @joshuahol, @jamesfallows, @journalistslike, @dankennedy_nu, @markberman and @dangillmor
Ivan Mehta / TechCrunch:
Spotify quietly tests Spotify Tickets, directly selling live music tickets to users in the US, instead of redirecting buyers to Ticketmaster or Eventbrite — Spotify has launched a new site to sell fans tickets to live gigs directly from its platform instead of redirecting users to partners like Ticketmaster and Eventbrite.
Discussion:
Music Ally, Music Business Worldwide, @indianidle, Tubefilter, @musically, @emmaswiftsings, Forbes, CNET, Billboard, Gizmodo, The Verge, Engadget and Complete Music Update, more at Techmeme »
Mark Stenberg / Adweek:
Satirical feminist site Reductress announces it has been acquired by Phenomenal Media, a media company focused on women and historically excluded communities — The merger combines like-minded publishers with an eye toward entertainment — The satirical publisher Reductress …
Discussion:
Vulture, @katienotopoulos, @katienotopoulos, @markstenberg3, Insider, @lexandrapinel, MediaPost and The Hollywood Reporter
Whip Media:
Survey: 72% of Netflix subscribers say they are unlikely to switch to a lower cost tier with ads, 92% of HBO Max users with the ad tier are satisfied, and more — Spotlight on the Ad-Supported Experience whipmedia.com Introduction © 2022 Whip Media All product names, logos, and brands are property of their respective owners.
Discussion:
MediaPost, The Streamable, The Streamable, Next TV, MediaPost, Next TV and MediaPost
Scott Feinberg / The Hollywood Reporter:
Sources: the Golden Globe Awards will return to NBC in 2023; the ceremony did not air in 2022 after the HFPA was criticized for its lack of diversity and ethics — The awards ceremony was not aired in 2022 as the organization behind it, the HFPA, was under fire for its lack of diversity and ethics.
Discussion:
The Week, HOLA!, @yongchavezla, @gracerandolph, @alexritman, @adrierising, Vanity Fair, Deadline, Los Angeles Times, The A.V. Club, New York Post, IndieWire and The Wrap
Brandon Katz / The Wrap:
Fox Corp reports Q4 revenue rose 5% YoY to $3.03B, ad revenue up 7% YoY, and $308M net income; full year revenue grew 8% YoY to $13.97B, with $1.23B net income — Despite concerns that a looming recession would depress ad sales, Fox Corp. is bucking the trend thus far.
Discussion:
Deadline, @great_katzby, MediaPost, The Hollywood Reporter, Fox Corp and Variety
Bloomberg:
Sources: Apple signed a Futuro Studios deal to fund podcast development and production in exchange for the first look to turn any podcast into a film or TV show — Apple Inc., stepping up its spending on original podcasts, signed an agreement with a Pulitzer Prize-winning studio …
Discussion:
CNET, @pabloreports, 9to5Mac and AppleInsider, more at Techmeme »
Kristin Robinson / Billboard:
Documents and sources detail how two Phoenix, AZ men ran one of the largest known YouTube music royalty scams, leading to an indictment for wire fraud and more — Inside the brazen but surprisingly simple scheme that took royalties from songs by artists like Daddy Yankee, Anuel AA, Julio Iglesias and more.
Discussion:
@edchristman and Music Technology Policy
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