Top News:
Anna Nicolaou / Financial Times:
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos — Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping …
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About Netflix, @reedhastings, Forbes, New York Times, CNBC, AdExchanger, The Indian Express, Broadband TV News, Free Press Journal, @carnage4life, Media Play News, Deadline, @tvgrimreaper, CNN, @gerberkawasaki, @pythianism, @mattbelloni, The Information, Fast Company, @samro, @wholemarsblog, Rappler, SlashFilm, The Streamable, Adweek, Engadget, The Guardian, The Desk, @film_girl, Breitbart, CNET, The Hill, Vanity Fair, GeekWire, The Wrap, IndieWire, Los Angeles Times, Cord Cutters News, Bloomberg, Observer, TechCrunch, WORLD SCREEN, Variety, Insider, New York Daily News, The Verge, Axios, Radio & Television …, Wall Street Journal and CBS News, more at Techmeme »
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Sarah Whitten / CNBC:
Netflix reports Q4 revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M expected — - Netflix is scheduled to report fourth quarter earnings after the bell. — The streaming service's new ad-supported service will be in focus.
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The Hollywood Reporter, Netflix, The Register, MediaPost, Vox, Thurrott, @felixsalmon, Light Reading, @matthewkeyslive, Insider, @richlightshed, The Streamable, Axios and Variety, more at Techmeme »
Dade Hayes / Deadline:
Netflix's ad-supported tier is off to a “solid” start, says new co-CEO Greg Peters; CFO Spence Neumann estimates the ad tier will be about 10% of future revenue — Netflix's landmark entry into ad-supported streaming, which began last November, is off to a “solid” …
Discussion:
Insider, CBR, Variety, Forbes and The Hollywood Reporter
Emma Roth / The Verge:
Netflix plans to roll out paid password sharing “more broadly” in Q1 2023 and expects some “cancel reaction” before an improvement in overall company revenue
Discussion:
The A.V. Club, @sherman4949, The Hollywood Reporter, Forbes, MacRumors, Gizmodo, CNET and Media Play News, more at Techmeme »
The Verge:
Source: CNET owner Red Ventures has used AI tools like Wordsmith to write stories for at least a year and a half, causing unease amid layoffs and restructuring — Fake bylines. Content farming. Affiliate fees. What happens when private equity takes over a storied news site and milks it for clicks?
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@velocciraptor, The Drum, @vahn16, @tristanacooper, Talking Biz News, @danielleri, @ehananoki, @matthewkeyslive, @taylormooresays, @morewillie, @alng@journa.host, @plognark, @firstadopter, @misscp, @emilymbender, @alexeheath, @davekarpf, @janusrose, @matthewkeyslive, @paleofuture, @jake_k and The Register
Justin Baragona / The Daily Beast:
Right-wing YouTuber Steven Crowder, who has 5.94M subscribers on the platform, feuds with Ben Shapiro's The Daily Wire, which offered him a $50M four-year deal — Right-wing blowhard Steven Crowder is accusing Ben Shapiro's media empire of being in bed with Big Tech—fighting words that have ignited a heated public dispute.
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@willsommer, @willsommer, @juliusgoat, @maxkennerly, @dpearsonphl, @moiradonegan, @wajahatali, @willsommer, @bigmeaninternet, @drvolts, @yc, @bernybelvedere, @michaelduncan, @femme_thoughts, @lukeobrien, @_celia_bedelia_, @designmom, @donmoyn, @jasonscampbell, @harikunzru, Rolling Stone, @johnlray, @bmarchetich, Breitbart, @melissaryan, @espiers, @realkiradavis, @jbouie, Mediaite, @andreachalupa and @rschooley
Horowitz Research:
Horowitz Research: 71% of password sharers would pay full price for Netflix, 51% for HBO Max, 49% for Amazon Prime Video, 47% for Disney+, and 46% for Hulu — As Netflix cracks down on password sharing, a new study by Horowitz Research suggests that the decision may not spell doom and gloom for the service.
Discussion:
Media Play News and The Streamable
Chris Stokel-Walker / Nature:
Journal editors, researchers, and publishers are debating the place of AI tools like ChatGPT in published literature and whether they should be cited as authors — Chris Stokel-Walker is a freelance journalist in Newcastle, UK. — You can also search for this author in — PubMed Google Scholar
Meg James / Los Angeles Times:
New Mexico prosecutors charge Alec Baldwin and the armorer of the movie “Rust” with involuntary manslaughter for cinematographer Halyna Hutchins' on-set death — New Mexico prosecutors said they are filing felony criminal charges against actor Alec Baldwin and the armorer …
Discussion:
Wall Street Journal, Variety, New York Times, The Hollywood Reporter, BBC, Albuquerque Journal, Deadline, CNBC, Reason, @lionelmedia, @moviessilently, The Wrap, @latimes, The A.V. Club, @rkylesmith, New York Post, @latimesent, @therecount, @lisaannwalter, @sonnybunch, @latimes, Fox News, Mediaite, The Week, The Daily Beast, The Sun, CNET, Insider, NME, SlashFilm, SheKnows, The Indian Express, Axios, Washington Post, The Hill, Vanity Fair, Rolling Stone, FOX News Radio, Semafor, Daily Mail, The Guardian, CBR, CBS News, Screen Rant, UPI, Forbes and abc7NY
CNBC:
Sources: Vice Media restarts its sale process, after bidders balked at the initial price tag, and is likely to fetch under $1B; Vice was valued at $5.7B in 2017 — - Vice Media is restarting its sale process after earlier interested bidders balked at the initial price tag, according to people familiar with the situation.
Discussion:
@sherman4949, @sherman4949 and @anthony
Glenn Peoples / Billboard:
Amazon plans to hike Music Unlimited's monthly prices by $1 and £1 to $10.99 and £10.99 in the US and UK on February 21, matching Apple Music's October increase — Prices will rise to $10.99/10.99 pounds per month for individual plans and $5.99/5.99 pounds per month for students.
Discussion:
Music Business Worldwide and Digital Music News
Todd Spangler / Variety:
Fandom cuts jobs at GameSpot, Giant Bomb, Metacritic, and TV Guide, four months after their ~$50M acquisition from Red Ventures; source: under 10% are impacted — Fandom has made an unspecified number of layoffs at GameSpot, Giant Bomb, Metacritic and TV Guide — four months after buying …
Discussion:
TechCrunch, Kotaku, @giantbomb, The Wrap, @lindsaykatai, @ashleylcarter1 and @tamoorh
Max Read / Read Max:
The most important thing a blogger can do to develop and retain an audience is to post regularly and frequently, as evidenced by Matt Yglesias' success — How to be a successful content entrepreneur — What is the secret to a successful career as a blogger/newsletter author/content creator?
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