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
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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 …
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
Discussion:
Adweek, Insider, CNBC, The Walt Disney Company, TVLine, NBC News, The Verge, @carnage4life, Collider, @exameter, @davidfowl, Digital TV Europe, @nixxin, @film_girl, @drtvlotz, @xpangler, @xpangler, @xpangler, @loudmouthjulia, MediaPost, The A.V. Club, Light Reading, Ad Age, Gizmodo, The Streamable, Engadget, 9to5Mac, Decider, The Wrap, TechCrunch, CBR, AppleInsider and Next TV, more at Techmeme »
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, Engadget, Reclaim The Net, 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, @newsynick, @espiers and @felixsalmon
Rasha Al Aqeedi / New Lines Magazine:
Veteran Iraqi actress and talk show host Enas Taleb plans to sue The Economist for using her picture as an example of “fat” Arab women in a July 28, 2022 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 their dedicated blockchain and crypto teams, even amid a bear market, to better explain the tech — 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 plans to launch Paramount+ in Italy on September 15, Germany and France “in the coming months”, and “all major European markets” by the end of 2022 — 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, Variety and @zaackhunt
Todd Spangler / Variety:
Fox Entertainment plans to expand its free, ad-supported streaming service Tubi to Costa Rica, Ecuador, El Salvador, Guatemala, and Panama later in August 2022 — 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.
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