Top News:
Alex Heath / The Verge:
Memo: on top of cutting ~20% of its staff, Snap cancels its original shows, in-app games, and Zenly and Voisey apps; the layoffs could save $500M annually — Snapchat's original shows, in-app games, and camera drone are no more — Snap is laying off around 20 percent of its more than 6,400 employees …
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Alex Heath / The Verge:
Netflix hires two Snap executives to lead its ad-supported tier: Chief Business Officer Jeremi Gorman and VP of Sales for the Americas Peter Naylor
Discussion:
Ad Age, Variety, PRWeek, MediaPost, Media Play News, Fast Company, Gizmodo, @joannastern, @akruglov, Digital TV Europe, Boing Boing, @editorialiste, @alexeheath, @pkafka, @richlightshed, @tkawaja, @pierce, Transistori, Wall Street Journal, Next TV, Deadline, Slashdot and Slashdot
Wall Street Journal:
Sources: Disney explores a membership program akin to Amazon Prime, bundling streaming, theme parks, and merchandise, and adding a commerce feature to Disney+ — Entertainment giant looks to package streaming, parks and merchandise offerings together; aims to add commerce feature to Disney+
David Bauder / Associated Press:
Media Insight Project's May-June 2022 survey: ~71% of younger Americans get news daily from social media and 32% enjoy following the news, down from 53% in 2015 — Young people are following the news but aren't too happy with what they're seeing. Broadly speaking, that's the conclusion …
Suzanne Vranica / Wall Street Journal:
Sources: Netflix seeks to charge brands a ~$65 CPM on its ad-supported tier, more than most other streaming services, and cap every brand's annual spend at $20M — Streaming giant aims for Nov. 1 launch of ad-supported tier, ad buyers say — Netflix Inc. NFLX 1.32%▲ …
Angela Fu / Poynter:
Sources: in a staff Q&A, CEO Mike Reed said Gannett laid off 3% of its US workforce in August 2022, or ~400 people; he and the CFO defended Reed's compensation — The round of layoffs, which started Aug. 12, followed a dismal second quarter. — Gannett CEO Mike Reed told staff …
Dade Hayes / Deadline:
Paramount+ plans to combine with Showtime into a single app for $11.99/month with ads and $14.99/month without; stand-alone Showtime will cost $10.99/month — Paramount+ and Showtime have combined into a single streaming app. — The full bundling follows an initial move last year to unify …
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Variety, MediaPost, TechCrunch, Media Play News, The Verge, Awful Announcing, The Streamable, The Desk, The Hollywood Reporter, Decider, @redletterdave, @xpangler, CBR, The Wrap, TVLine, Collider, Forbes and AppleInsider
Casey Newton / Nieman Lab:
An interview with Medium CEO Tony Stubblebine: writers with subscribers should be paid more and thinking “Medium was going to shine” in journalism was a mistake — Sometimes as a reporter you write a piece that is critical of a company and the company decides not to talk to you again for a long while, or ever again.
Discussion:
@caseynewton, @martinsfp, @waxy, @bcmerchant, @oneunderscore__, @mariaramirezny, The Official Medium Blog and Platformer
Jem Aswad / Variety:
US music publishers settle on 15.35% for 2023 to 2027 mechanical streaming rates, avoiding costly legal fights with Amazon, Apple, Google, Pandora, and Spotify — The announcement comes as a surprise, as the NMPA has been saying for months that it would push for a 20% rate for the forthcoming period.
Discussion:
Billboard, Billboard and Music Business Worldwide
Manyun Zou / The Pudding:
A comparison of The Big Bang Theory episodes to censored ones in China suggests the government aims to silence sex and LGBTQ+ topics plus disrespect of China — With , Russell Goldenberg and Rob Smith — This story contains scroll-driven visuals. View them in static format on off
Discussion:
@shortformernie, @gertig, @sonnybunch, @manyun_zou and Numlock News
Kerry Flynn / Axios:
BuzzFeed is licensing its name to retail airport stores; two opened in LaGuardia Airport in June 2022, selling beverages, snacks, magazines, and souvenirs — Exit Content Preview — BuzzFeed, Inc. is entertaining airport travelers not just via its own smartphones but also IRL with new retail stores.
Discussion:
@davezatz, @abeaujon, @delia_cai, @adrianhon and @kerrymflynn
Mark Bergen / Bloomberg:
A book excerpt details YouTube's efforts to remove Islamic extremist content and how the platform mostly failed to address other forms of political extremism — Unlike many of her colleagues at YouTube, Tala Bardan doesn't remember the company retreat in June 2017 as a nice long weekend.
Discussion:
@muslimadvocates, @jason_kint, @bridgeinit, @bradstone, @daveyalba, @fightextremism, @alexbarinka, @joshsteimle and PenguinRandomhouse.com
Jim Waterson / The Guardian:
As Reach journalists join the UK's largest newspaper strike in decades, some describe struggling to pay their own bills as they cover the cost-of-living crisis — Industrial action expected on Wednesday is largest strike to hit UK newspaper industry in decades
Discussion:
BBC, @hgvandepeer, @photolinepic, @royalreporter, @janerockhouse, @jimwaterson, @jenwilliamsmen, Press Gazette and Press Gazette
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