Top News:
James Ball / New Statesman:
Elon Musk's plan to monetize Twitter verification risks alienating creators and advertisers while helping accounts spread fake news — Elon Musk's latest brainwave risks alienating the users Twitter depends on and would expose it to lawsuits. — Let us start with a confession …
Discussion:
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Sara Fischer / Axios:
Twitter's Chief Customer Officer Sarah Personette has “resigned” after over four years and says she believes the new administration is committed to brand safety — Sarah Personette, Twitter's chief customer officer who's been with the company for more than four years …
Discussion:
@sep, CNN, MediaPost, @sep, @sep, The Information and The Hollywood Reporter, more at Techmeme »
Axios:
Sources: Elon Musk told Twitter engineers to work on a Vine reboot that may be ready by the end of 2022; Twitter acquired Vine in 2012 and shut it down in 2016 — Elon Musk has instructed Twitter engineers to work on a Vine reboot that could be ready by year end, multiple sources tell Axios.
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New York Times:
A US federal judge blocks Penguin Random House's bid to acquire Simon & Schuster, saying the DOJ demonstrated the merger might “substantially” harm competition — The government's case blocked the merger of two of the United States' largest publishers and reflected a more aggressive approach to curbing consolidation.
Discussion:
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Kaitlyn Tiffany / The Atlantic:
A look at video site Rumble, which has been on an upward trajectory since H2 2020, when right-wing star Dan Bongino moved from YouTube and took an equity stake — When Donald Trump was banned from Twitter in January 2021, it was obvious that he would have to find somewhere else to post.
Discussion:
New York Times, @wacera_k, @techservativetb, @theatlantic, @eagerbeavertech and @dlberes
Eileen AJ Connelly / The Wrap:
Fox Corp reports Q1 revenue up 5% YoY to $3.19B, compared to $3.17B estimates, ad revenue up 8% YoY to $1.22B, and $613M net income, down from $708M YoY — Fox Corp. on Tuesday said revenue rose 5% in the first quarter of television giant's fiscal year to $3.19 billion …
Discussion:
Variety, Wall Street Journal, MediaPost, Next TV, Deadline and Fox Corporation
J. Clara Chan / The Hollywood Reporter:
Amazon expands Music for Prime members, offering ad-free podcast listening and increasing its music library from 2M to 100M songs, available on shuffle mode — Publishers like CNN, NPR, The New York Times, Barstool Sports, Slate and ESPN will offer their podcasts on the streamer without ads.
Discussion:
TechCrunch, Wall Street Journal, Adweek, Billboard, Bloomberg, About Amazon and The Verge, more at Techmeme »
David Pierce / The Verge:
YouTube rolls out Primetime Channels in the US, with shows and movies from 35 partners, including Paramount+ and Epix, and plans to add NBA League Pass soon — Streaming services are coming to YouTube. The company is rolling out a new feature called Primetime Channels that will bring shows …
Naman Ramachandran / Variety:
The British Film Institute plans to preserve 26 titles from Netflix UK, the first streaming service to have its productions included in a national collection — Over the next five years, hundreds of Netflix U.K. productions deemed to be culturally significant and selected by BFI curators …
Discussion:
Deadline
Georg Szalai / The Hollywood Reporter:
SiriusXM reports its satellite radio unit added 187K self-pay subscribers in Q3 and lost 49K promotional subscribers; Pandora lost 52K net self-pay subscribers — The company, led by CEO Jennifer Witz, reported its third-quarter results. — Audio entertainment giant SiriusXM …
Patrick Brzeski / The Hollywood Reporter:
Sony reports Q2 revenue for Sony Pictures was up 3% YoY to $2.44B and operating profit was down 30% YoY to $202M; USD to yen exchange rates impacted the results — The earnings picture for the Japanese entertainment conglomerate was muddied by the recent, historic devaluation of the yen against the U.S. dollar.
Discussion:
Variety, Nikkei Asia, Reuters, Deadline and Bloomberg, more at Techmeme »
Lynette Rice / Deadline:
Peacock partners with Hallmark Media to stream live and on-demand programming from the Hallmark Channel, Movies & Mysteries, and Drama, its first such deal — Peacock has closed a pact with Hallmark Media to stream live and on-demand programming from Hallmark Channel, Hallmark Movies & Mysteries and Hallmark Drama.
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