Mediagazer: Disney hit 221.1M global streaming subscribers in its Q3, above Netflix's 220.7M in its Q2; Disney+ had 152.1M subscribers, Hulu had 46.2M, and ESPN+ had 22.8M (Aisha Malik/TechCrunch)

3:05 PM ET, August 11, 2022

Top News:

Todd Spangler / Variety:

While Disney has more streaming subscribers than Netflix, Disney+'s US and Canada ARPU was $6.27/month in its Q3, vs. Netflix's ARPU of $15.95/month in its Q2 — But the value of those subscriber bases is much different. — Domestically, for example, Disney+ generated about 39% …

Discussion: Axios, SlashFilm, @xpangler and Associated Press

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: Wall Street Journal, Adweek, The Hollywood Reporter, Deadline, CNBC, TVLine and Variety

Aisha Malik / TechCrunch:

Disney hit 221.1M global streaming subscribers in its Q3, above Netflix's 220.7M in its Q2; 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 …

Discussion: CNN, The Guardian, Observer, The Walt Disney Company, Broadband TV News, Gamereactor UK, Fortune, Boing Boing, Too Much TV Newsletter and IndieWire, more at Techmeme »

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

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

Discussion: The Wrap, Axios, Junghoon's Direct Media …, @tvgrimreaper, @lucas_shaw, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @thewrap, @kaplansportsbiz, @sarahwhit10, Awful Announcing and The Wrap

Twitter:

Twitter outlines its Civic Integrity Policy ahead of the US midterm elections, including state-specific hubs featuring local news and better account protections — Twitter is the place to find real-time, reliable information about the 2022 midterms - whether you're looking for breaking news from reporters …

Discussion: @twittersafety, CNN, Mediaite, Gizmodo, The Hill, @michaelmalice, CNET, @bretweinstein, @levinejonathan, @w7voa, @shayan86, @donie, Reclaim The Net, Engadget, The Hill, @digiphile and @twittersafety, more at Techmeme »

Scott Deveau / Bloomberg:

Activist investor ValueAct Capital takes a 7% stake in The New York Times and urges an aggressive rollout of subscriber-only bundles; NYT's stock jumps 10%+ — Activist investor ValueAct Capital Management has built a new position in the New York Times Co., contending the iconic newspaper company …

Discussion: Wall Street Journal, CNBC, @espiers and @felixsalmon

Rasha Al Aqeedi / New Lines Magazine:

Veteran Iraqi actress Enas Taleb plans to sue The Economist for using her picture as an example of “fat” women in the Arab world in a July 28 story — The British newspaper ran a story about the epidemic of obesity among Arab women and used the photo of Enas Taleb to illustrate the phenomenon

Discussion: BBC, Newser, VICE, @amadfarouki, Arab News, Daily Mail, @rashaalaqeedi, @leloveluck, @newlinesmag, Deadline, @_amroali and New York Post

Sara Guaglione / Digiday:

Fortune, Bloomberg, Forbes, Gizmodo, and Money are growing dedicated blockchain and crypto teams, even amid a bear market, to better explain the tech to readers — The week the cryptocurrency market crashed in mid-June, Fortune sent Jeff Roberts an offer to become its crypto editor and oversee building a team of reporters.

Discussion: TechCrunch and @jeffjohnroberts

Asif Shahzad / Reuters:

Pakistan's interior minister says TV channel ARY TV will face sedition charges for airing comments made by an adviser of former Prime Minister Imran Khan — A close aide to Pakistan's former Prime Minister Imran Khan and a local media house will face sedition charges, accused of inciting mutiny …

Discussion: Al Jazeera

Scott Roxborough / The Hollywood Reporter:

Paramount+ is launching in Italy on September 15, in Germany and France in the coming months, and in “all major European markets” by the end of the year — The Italian launch for Paramount's streaming platform will be quickly followed by bows in Germany and France later this year.

Jason Nelson / Decrypt:

Mailchimp cracks down on newsletters from crypto-related content creators, suspending the accounts of crypto wallet Edge, intelligence firm Messari, and Decrypt — The email marketing platform Mailchimp has been suspending the accounts of crypto-related content creators and media outlets this week.

Discussion: CoinDesk, @decryptmedia, @readdanwrite and Waivly, more at Techmeme »

Etan Vlessing / The Hollywood Reporter:

Chicken Soup for the Soul Entertainment, which owns the streaming service Crackle, completes its acquisition of Redbox in a $375M all-stock deal — The acquisition bolsters the combined entity's presence in the fast-growing ad-supported streaming space. — Crackle streaming service owner …

Discussion: The Streamable and Variety

Todd Spangler / Variety:

Fox's free, ad-supported streaming service Tubi will expand to Costa Rica, Ecuador, El Salvador, Guatemala, and Panama later this month — Fox Entertainment's Tubi is upping its free-streaming game in Latin America, set to launch in five countries in the region later this month.

Discussion: The Streamable

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