Mediagazer: Spotify CEO Daniel Ek says US subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011 (Anne Steele/Wall Street Journal)

9:20 AM ET, October 26, 2022

Top News:

Sheila Dang / Reuters:

Internal research: Twitter has been losing “heavy tweeters”, who tweet three to four times a week, as their interest in news, sports, and entertainment wanes — “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.

Discussion: @sheila_dang, @sheila_dang, @jimwaterson, @davidmackau, @helenkennedy, Insider, @shelldash, @devincow, @bradmossesq, @helenkennedy, @davewiner, @semaforben, @gossithedog, @jacobsben, @prairielaura, @taylorlorenz, @travelinganna, @anne_theriault, @vboykis, @theferocity, @caseyjohnston, @samro, @mj_coren, @nxthompson, @davewiner, @rasmus_kleis, @caseyjohnston, The Information, @semaforben, @jrmcgrail, @robpegoraro, @joshgnosis, @docdre, @angelmendoza___, @mccanner, @katehalliwell, @dloesch, @tomgara, @emilygorcenski, @northmantrader, @marshallk, @vahn16, @fred_delicious, @richlightshed, @neilcybart, MediaNama, @cwarzel, @theashleyray, @rloyola, @hellolanemoore, @willsmith, @blgtylr, @angryblacklady, @brucefenton, @baileythegreen, @theashleyray, @yourmandevine, @rabiasquared, @scalzi, @mathewi, @breenewsome, @sandrasantos, @henrycooke, @amy_siskind, Forbes, Gizmodo and New York Magazine, more at Techmeme »

Alex Heath / The Verge:

Meta says Apple updated its App Store rules to require IAPs for social media “boosts” to grow its business “while undercutting others in the digital economy” — Just when I thought the relationship between Apple and Meta couldn't get more hostile, here we are.

Discussion: Adweek, Bloomberg, @wongmjane, 9to5Mac, Apple Developer, @slightlylate, @gartenberg, @film_girl, MacRumors, @ai, AppleInsider, Gizmodo, TechCrunch, MediaNama and TheStreet, more at Techmeme »

Emma Roth / The Verge:

Spotify says Apple's behavior is “choking competition” after Apple rejected its proposed audiobook purchasing process three times for breaking App Store rules — The company called Apple practices “anticompetitive” and said it was “choking competition” in a blog post published …

Discussion: New York Times, Insider, @eldsjal, @brandonking4787, Spotify, Engadget, @shiraovide, @trippmickle, @nirzicherman, @wolfejosh, Music Ally, MacRumors, 9to5Mac, AppleInsider and The Hollywood Reporter, more at Techmeme »

Alex Sherman / CNBC:

Sources: CNN CEO Chris Licht has finished a broad business review, as part of a plan to eliminate 1,000+ Warner Bros. Discovery jobs before the end of 2022 — - CNN CEO Chris Licht talked to CNBC about why he took the job, why he thinks some coverage of him has been “painfully inaccurate …

Discussion: @sherman4949, @sherman4949 and @sherman4949

Dawn Chmielewski / Reuters:

Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss — Audio streaming service Spotify Technology SA (SPOT.N) Tuesday surpassed Wall Street's estimates for revenue and subscriber gains …

Discussion: Adweek, @ashleyrcarman, Spotify, Spotify, @ashleyrcarman, @ashleyrcarman, @ashleyrcarman, XDA Developers, Mint Insights, CNET, Music Business Worldwide, Variety and The Verge, more at Techmeme »

Anne Steele / Wall Street Journal:

Spotify CEO Daniel Ek says US subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011 — Audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million

Discussion: Insider, Deadline, Reuters, Complete Music Update, Music Ally, The Desk, MarketWatch, Variety and Billboard, more at Techmeme »

Todd Spangler / Variety:

YouTube's ad revenue dropped 1.9% YoY to $7.07B in Q3, below expectations of $7.42B and representing its first year-over-year drop in at least two years — Overall, Alphabet, Google's parent company, also came in below analyst estimates. The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.

Todd Spangler / Variety:

ESPN sells a majority stake in its 27-year-old extreme sports franchise X Games to PE firm MSP Sports; ESPN will continue as its US linear broadcast partner — Financial terms of the deal were not disclosed. MSP will assume day-to-day operational control of the X Games business, which will spin off from ESPN.

Discussion: Sports Business Journal and Bloomberg

Anthony D'Alessandro / Deadline:

Guardians of the Galaxy filmmaker James Gunn and DC Films producer Peter Safran will co-lead DC Studios, the Warner Bros. Discovery unit set to replace DC Films — Finally, Warner Discovery Boss David Zaslav has a new head of DC studios; not one but two and it's Guardians of the Galaxy …

Bron Maher / Press Gazette:

UK press regulator Impress kicks out Unity News Network, which grew out of the pro-Brexit campaign group UK Unity, over its Ukraine and COVID-19 vaccine content — Press regulator Impress has kicked right-wing Unity News Network out of its regulatory scheme “with immediate effect”.

Discussion: @unitynewsnet

Caleb Wilson / Food Business News:

David Chavern, News/Media Alliance's president and CEO since 2015, plans to leave to become the Consumer Brands Association's president and CEO in January 2023 — ARLINGTON, VA. — David Chavern will be the new president and chief executive officer for the Consumer Brands Association, effective Jan. 3, 2023.

Discussion: Consumer Brands Association and News/Media Alliance

Lila Shapiro / New York Magazine:

A look at writer and filmmaker Stephen Elliott's motivations in the upcoming defamation case he has brought against Shitty Media Men list creator Moira Donegan — Moira Donegan created the “Shitty Media Men” list to address a moral injustice. Stephen Elliott says he's suing her for the same reason.

Discussion: @imjasondiamond, @shaneferro, @intelligencer, @blackamazon, @kerryhowley, @awolfeful, @melissagira, @michelledean, @katrosenfield, @alirosa, @gazelleemami and @mariskreizman

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