Top News:
Erin Woo / The Information:
Source: Twitter engineering manager Siddharth Rao told employees that daily revenue was 40% lower YoY and 500+ of the company's top advertisers paused spending — A senior Twitter manager told employees that the company's daily revenue on Tuesday was 40% lower than the same day a year ago …
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Erin Woo / The Information:
Source: Twitter's Q4 2022 revenue fell ~35% YoY to $1.025B, 72% of its Q4 goal; the company hopes to generate $732M in Q1 2023, which would be down 39% YoY — Twitter's fourth quarter revenue fell about 35% year over year to $1.025 billion, a top ad executive revealed at a staff meeting Wednesday …
Discussion:
@amir, @lauramandaro, @yoda, @charlesarthur, @mvpeers, @erinkwoo, Engadget, @ianvisits and @awprokop, more at Techmeme »
Jeremy Fuster / The Wrap:
FilmLA: Los Angeles film, TV, and commercial shooting days fell 19.5% from Q4 2021 to Q4 2022; commercials for the year were 24.5% below their five-year average — The newest quarterly report on Los Angeles on-location shooting from FilmLA shows a sharp downturn in shoot days in the final quarter of 2022 …
Discussion:
Variety, FilmLA, Deadline, Los Angeles Times and The Hollywood Reporter
New York Times:
Sources: the GOP is in talks with CNN, ABC, CBS, NBC, and Fox, along with niche networks like Newsmax and NewsNation, about hosting presidential primary debates — Conversations between R.N.C. officials and television executives signal that the contours of the Republican nominating contest are shaping up.
Discussion:
New York Magazine, @jimrutenberg and @jdickerson
New York Times:
Semafor plans to buy out Sam Bankman-Fried's roughly $10M stake and put the money into a separate account; the investment was Semafor's largest in a ~$25M round — Semafor is one of several media companies that received money from Mr. Bankman-Fried or his affiliates before his cryptocurrency …
Lauren Thomas / Wall Street Journal:
CoinDesk retains investment bankers at Lazard to help the outlet explore options including a partial or full sale after “numerous” indications of interest — The company has ‘received numerous inbound indications of interest,’ CEO Kevin Worth said. — 1x
Discussion:
MediaPost, @ap_abacus, @wublockchain, The Block and Talking Biz News, more at Techmeme »
The Hollywood Reporter:
A look at Disney's board power struggle and how investor Nelson Peltz lobbied for a seat since July 2022 with help from former Marvel executive Ike Perlmutter — As activist shareholder Nelson Peltz presses a long-shot fight for a seat on Disney's corporate board, with help …
Discussion:
@kimmasters, Axios, @alexweprin, @scottgustin, @kimmasters, @alexweprin, @loudmouthjulia, @farhip, @farhip, Quartz, Variety, Investis Digital, CNBC, The Daily Beast, Los Angeles Times, Bloomberg, New York Times, MediaPost, Axios and Deadline
Jon Brodkin / Ars Technica:
A California Superior Court judge throws out most of OANN's claims in a lawsuit filed in March 2022 over DirecTV dropping the network from its channel lineup — Judge denies OAN claim, says contract with DirecTV did not entitle it to renewal. — One America News Network's owner lost …
Discussion:
Techdirt and Times of San Diego
Jeremy Fuster / The Wrap:
Avatar: The Way of Water hits $1.92B at the global box office, passing Spider-Man: No Way Home for the No. 6 all-time spot; China's audiences contributed $217M — Disney/20th Century's “Avatar: The Way of Water” is now the highest grossing film of the post-shutdown era with $1.92 billion …
Discussion:
Collider, Insider, Deadline and Screen Rant
Digiday:
Similarweb: Twitter referral traffic to a dozen major outlets fell 12% on average between November and December 2022; traffic to the New York Post and Fox grew — Under the leadership of Elon Musk, Twitter's role as a traffic referral source to publishers' sites is largely declining.
Discussion:
Simon Owens's Media Newsletter, Nieman Lab, @cbeilinson, @mattnavarra, @martyswant and @anthony, more at Techmeme »
Zoe Samios / Sydney Morning Herald:
The Age in Melbourne, Australia, appoints news director Patrick Elligett as its editor, replacing Gay Alcorn, who stepped down in December 2022 after two years — The Age has appointed news director Patrick Elligett as its new editor. — Elligett joined the masthead in 2019 and replaces Gay Alcorn …
Discussion:
Mumbrella, @kristian_silva, @brucerguthrie, @docavvers, @dalehof1234, @jacklong17, @billisdoing, @mediaanalystoz and Mediaweek
Andy Maxwell / TorrentFreak:
The European Commission invites stakeholders to share experiences and potential solutions under existing laws to combat piracy of live events via IPTV services — Rightsholders involved in the creation and broadcasting of live events say their businesses face a persistent threat from unlicensed and illegal competition.
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