Top News:
Sarah Whitten / CNBC:
Netflix beats with Q3 revenue up 5.9% YoY to $7.93B, $1.4B net income, down from $1.45B YoY, 2.4M net global subscribers added, vs. 1.09M est.; stock is up 10%+ — - Netflix beat third-quarter expectations on the top and bottom lines Tuesday. — The company said it added 2.41 million …
Discussion:
Netflix, Stratechery, New York Times, The Hollywood Reporter, Yahoo Finance, @benmullin, @loudmouthjulia, @susanlitv, @sherman4949, @loudmouthjulia, @loudmouthjulia, @lucas_shaw, @vivekgramaswamy, @bcheungz, @sherman4949, @lucas_shaw, Next TV, @loudmouthjulia, @samro, @lucas_shaw, Junghoon's Direct Media …, Light Reading, Forbes, Adweek, Al Jazeera, Protocol, Fortune, Los Angeles Times, TechCrunch, Variety, Deadline, The Streamable, The Wrap, CNN, Axios and Wall Street Journal, more at Techmeme »
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Emma Roth / The Verge:
Netflix says its approach to “monetize account sharing” will roll out “more broadly starting in early 2023” and will include the ability to create sub-accounts — Netflix plans to crack down on password sharing beginning in 2023. After giving users the ability …
Discussion:
Variety, The Hollywood Reporter, The Desk, @matthewkeyslive, @jbflint, @natjarv, Media Play News, Vanity Fair, Above the Line, CNET, The Desk, Gizmodo, The Streamable, Next TV, IndieWire and 9to5Mac
Todd Spangler / Variety:
Netflix plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing
Discussion:
Broadband TV News, WORLD SCREEN, Mumbrella, @loudmouthjulia, Radio & Television …, The Wrap, Puck, The Hill, CNBC, Financial Times, Deadline, Next TV, IndieWire and LightShed Partners, more at Techmeme »
Tatiana Siegel / Rolling Stone:
ABC News producer James Gordon Meek abruptly resigned after the FBI raided his home on April 27, 2022; colleagues and neighbors say they haven't seen him since — Emmy-winning producer James Gordon Meek had his home raided by the FBI. His colleagues say they haven't seen him since.
Committee to Protect Journalists:
Indian officials in Delhi block Kashmiri freelance photojournalist Sanna Irshad Mattoo from flying to New York to receive the 2022 Pulitzer Prize in a ceremony — Indian authorities should allow Kashmiri photojournalist Sanna Irshad Mattoo to travel abroad freely and collect her Pulitzer Prize in New York …
Julia Felton / Greensburg Tribune-Review:
Pittsburgh Post-Gazette newsroom staff go on strike; union demands include ending the “illegal” halt of negotiations and reinstating the prior contract's terms — Newsroom workers at the Pittsburgh Post-Gazette, represented by the Newspaper Guild of Pittsburgh, went on strike at noon Tuesday.
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The Philadelphia Inquirer, @summerforpa, @pghguild, @johnfetterman, Newspaper Guild of Pittsburgh, @davidshepardson, WITF, @aflcio, @pghguild, @colin_dunlap, @mattdpearce, @pghguild, Pittsburgh City Paper, @robtornoe, WTRF-TV, Poynter, The NewsGuild, Publishers Weekly, WPXI-TV, Gothamist and The Bookseller
Aditi Agrawal / Newslaundry:
The Wire suspends its stories on Meta's controversial XCheck program until it carries out a “thorough review”; cited cybersecurity experts deny being consulted — Varadarajan confirmed the news site will review ‘all material and documents and sources’.
Discussion:
@kani5hk, The Wire, MediaNama, Platformer, @thewire_in, Semafor, @karaswisher, @jason_kint, @pranavdixit, @greatbong, @sankrant, @kansaratva, @venkatananth, @pranavdixit, @jason_kint, @alok_bhatt, @geetaseshu, @tunkuv, @sunandavashisht, Crikey, @greatbong, @thewire_in, @rachelmetz, @rasmus_kleis, @digiphile, @digitaldutta, @swodinsky, Scroll.in, @aditi_muses, @caseynewton, @saikatd, Insider, TechCrunch and The Verge, more at Techmeme »
Joe Reedy / Associated Press:
Amazon plans to stream an NFL game at 3pm ET on Prime Video the day after US Thanksgiving in 2023, paying between $50M and $70M per year for the additional game — The NFL will expand to Black Friday beginning next season. — The league announced Tuesday that Amazon Prime Video will stream a game on the day after Thanksgiving.
Selome Hailu / Variety:
Study of the 2021-2022 season: 50% of major characters on streaming shows were women, vs. 48% on broadcast; streaming companies put more women in creative roles — During the 2020-21 TV season, a study found that streaming companies put more women in positions of creative power than broadcast networks did …
Discussion:
NPR, The Streamable, Wall Street Journal and Deadline
Charlotte Tobitt / Press Gazette:
Media executives say they are not surprised about Meta shutting down Instant Articles, as the social media landscape shifted significantly since its 2018 launch — Meta is turning off Facebook Instant Articles after seven years as the platform continues to draw away from supporting news publishers.
Discussion:
@esamakinen, @pressgazette, @mattnavarra and @charlottetobitt
Dave Lee / Financial Times:
Uber launches a global ad unit targeting gross ad bookings of $1B per year by 2024, including by displaying ads within its apps and on top of cars — Rideshare company looks to accelerate revenue growth with new business division — Uber has launched its global advertising unit with the goal …
Discussion:
Wall Street Journal and Ad Age, more at Techmeme »
Naman Ramachandran / Variety:
Simon Cowell's Syco Entertainment, UMG, Republic Records, and Samsung partner for StemDrop, a music incubator that helps artists work with iconic songwriters — StemDrop aims to act as an incubator for new talent by providing an opportunity for artists from anywhere in the world to collaborate with iconic songwriting talents.
Discussion:
Music Business Worldwide, Complete Music Update and Music Ally
Sara Fischer / Axios:
A look at sports rights at SiriusXM, which has exclusive audio deals with the NFL, the NBA, the NHL, and MLB and where sports ads make up nearly 25% of ad sales — SiriusXM is increasing its investment in live sports rights in an effort to lure and retain more premium subscribers, CEO Jennifer Witz told Axios.
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