Top News:
Todd Spangler / Variety:
While Disney now has more streaming subscribers than Netflix, its ARPU is much lower: in Q2, its US ARPU was $6.27/month, compared to Netflix's $15.95/month — But the value of those subscriber bases is much different. — Domestically, for example, Disney+ generated about 39% …
Discussion:
Axios, SlashFilm, Broadband TV News and Associated Press
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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:
Wall Street Journal, The Hollywood Reporter, Deadline, CNBC and Variety
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:
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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 — - 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.
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
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:
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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
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Eric Mandel / Atlanta Business Journal:
Mailchimp co-founder and CEO Ben Chestnut plans to step down after 21 years and transition to a founder-advisor role; Intuit's Rania Succar will take over — Managing Editor, Atlanta Business Chronicle — See Correction/Clarification at end of article — Ben Chestnut is stepping …
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.
Politico:
Marina Ovsyannikova, the Russian journalist who protested the war in Ukraine during a news broadcast, is charged with disseminating false information — Marina Ovsyannikova, a former editor of the state-run Channel One network who denounced Moscow's war on Ukraine during a live TV broadcast …
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