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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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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Netflix, MediaPost, Insider, The Streamable, Variety, Light Reading, Axios, @matthewkeyslive and @felixsalmon, more at Techmeme »
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 …
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Wall Street Journal:
Nexstar reaches a multiyear deal to broadcast the Saudi Arabia-funded LIV Golf tour on The CW Network; until now, LIV events have been available online for free — Partnership will determine the Saudi-funded golf tour's financial viability — LIV Golf, the controversial Saudi-funded golf tour …
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Sportico, TVLine, Nexstar Media Group, Inc., CBS News, Deadline, The Guardian, @jbflint, Bloomberg, @crupicrupicrupi, TVNewsCheck, New York Post, The A.V. Club, @rynedennis, MediaPost, @jyarow, The Streamable, UPI, @brendon_wm, Financial Times, Awful Announcing, The Hill, @tvgrimreaper, Front Office Sports, @joshacarpenter, Forbes, The Hollywood Reporter, Los Angeles Times and Barrett Media
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, Mediaite, @willsommer, Breitbart, Rolling Stone, @bmarchetich, @wajahatali, @designmom, @maxkennerly, @moiradonegan, @willsommer, @bigmeaninternet, @yc, @bernybelvedere, @jbouie, @femme_thoughts, @lukeobrien, @donmoyn, @jasonscampbell, @harikunzru, @johnlray, @andreachalupa, @melissaryan and @rschooley
Emma Roth / The Verge:
Netflix plans to roll out paid password sharing “more broadly” later in Q1 2023 and expects some “cancel reaction” before an improvement in overall revenue — The era of Netflix password sharing will soon come to a close. Netflix has plans to enforce password-sharing rules …
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Horowitz Research, Gizmodo, Media Play News, CNET and The Streamable
Financial Times:
Patreon, Substack, and other “passion economy” startups are cutting staff and abandoning fundraising plans; Dealroom: investments fell 75% YoY to $801M in 2022 — Once high-flying start-ups that serve online creators and influencers have been forced into a painful retrenchment …
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The Information, more at Techmeme »
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
Sarah Perez / TechCrunch:
Wikimedia updates Wikipedia's design for the first time in over a decade, improving search, accessibility, the table of contents section, and language switching — Wikipedia, one of the world's top 10 most visited websites, and a resource used by billions every month, is getting its first makeover on the desktop in over a decade.
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Engadget, Insider, @raju, Wikimedia Foundation, OnlyTech and Slate, more at Techmeme »
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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@jhweissmann, @bencjacobs, @craigsilverman, @maura, @niubi, @parismarx, @jonathanshainin, @matt_levine, @jfruh, @markberman, @sidhubaba, @mattyglesias, @lukeoneil47, @gadyepstein and @matt_levine
Naman Ramachandran / Variety:
Amazon and DAZN sign a global distribution partnership that will make DAZN available as a Prime Video Channel for an extra monthly fee for Prime Video customers — Amazon and DAZN have signed a global distribution partnership that will see DAZN's direct-to-consumer sports streaming service available as a Prime Video Channel.
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The Streamable, The Information and Broadband TV News
Wall Street Journal:
Sources: WWE Executive Chairman Vince McMahon agrees to a multimillion-dollar settlement with a former wrestling referee who accused him of raping her in 1986 — Multimillion-dollar settlement averts a public legal fight as executive chairman pursues possible WWE sale
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CNN, New York Post, Wrestling INC, The Sun, @jdfromny206, The Comeback, @davidbix and @rebeccaballhaus
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