Mediagazer: BFI: production spend in the UK's high-end TV and film industries reached a record £6.3B in 2022, of which 86% came from international streamers and studios (Jesse Whittock/Deadline)

7:10 AM ET, February 3, 2023

Top News:

Todd Spangler / Variety:

YouTube's ad revenue dropped 7.8% YoY from $8.63B to $7.96B in Q4, below analyst estimates of $8.2B — Alphabet, parent company of Google and YouTube, turned in fourth-quarter 2022 earnings that missed analyst estimates, as YouTube's ad revenue again notched a year-over-year decline.

Discussion: CNBC, The Wrap, The Verge and The Hollywood Reporter, more at Techmeme »

Jon Swartz / MarketWatch:

Alphabet reports Google advertising revenue down 4% YoY from $61.2B to $59B, below analyst estimates of $60.4B, and Google Search revenue down 2% YoY to $42.6B — Alphabet Inc.'s stock initially slipped in extended trading Thursday after it missed slightly on revenue and earnings in a ho-hum quarterly result.

Discussion: Alphabet, Reuters, Skift, Fast Company, SiliconANGLE, TVNewsCheck, The Wrap and 9to5Google, more at Techmeme »

Thomas Maxwell / Insider:

YouTube Shorts has surpassed 50B daily views, up from 30B in April 2022; YouTube began sharing ad revenue with Shorts creators starting February 1 — - YouTube Shorts now sees more than 50 billion daily views, up from 30 billion the year prior. — The short-form video format was launched in 2021 as a response to TikTok.

Discussion: TechCrunch and Digiday

Annie Palmer / CNBC:

Amazon reports Q4 advertising services revenue grew 19% YoY to $11.56B, vs. $11.38B est., and subscription services revenue grew 13% YoY to $9.19B — Follow your favorite stocksCREATE FREE ACCOUNT — Amazon reported earnings after the bell. Here are the results. — Earnings: $1.39 per share

Discussion: Amazon, Digiday, The Information, WWD, Fast Company, CNET, Forbes, Deadline, Reuters, Variety, Barron's Online and The Hollywood Reporter, more at Techmeme »

Mia Sato / The Verge:

Some former CNET employees describe Red Ventures breaking down traditional barriers between editorial and advertising and pressuring them to change stories — CNET built a trusted brand for tech reporting over two decades. After being acquired by Red Ventures, staff say editorial firewalls have been repeatedly breached.

TechCrunch:

Twitter plans to discontinue free access to its API starting on February 9, ending support for both v1.1 and v2, and launch a “paid basic tier” instead — Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version …

Ted Johnson / Deadline:

The White House Correspondents' Association announces The Daily Show's Roy Wood Jr. will host its annual dinner on April 29, saying he has “a journalistic eye” — Roy Wood Jr. will be this year's featured entertainer at the White House Correspondents' Association's annual dinner on April 29.

Discussion: Vanity Fair, White House Correspondents …, The Hollywood Reporter, @randallwoodfin, @bevysmith, @tamarakeithnpr, @warondumb, @tiareports, Politico, The Hill, The Wrap, CNN and New York Daily News

Jesse Whittock / Deadline:

BFI: production spend in the UK's high-end TV and film industries reached a record £6.3B in 2022, of which 86% came from international streamers and studios — Production spend in the UK high-end TV (HETV) and film industries reached a record £6.3BN ($7.8BN) in 2022, BFI statistics released today reveal.

Discussion: Variety and The Hollywood Reporter

Karissa Bell / Engadget:

TikTok revamps its account enforcement system, including a new strike system meant to address “repeat offenders”, bringing its policy in line with its peers' — TikTok is trying to make it easier for creators and others to navigate its rules, and understand what's happening to their accounts.

Discussion: TikTok, SiliconANGLE, Gizmodo, Social Media Today and TechCrunch, more at Techmeme »

Aisha Majid / Press Gazette:

An analysis of 68 news domains: 45 ranked worse in UK Google search results in January 2023 vs. January 2022; those with non-news content saw the biggest gains — Data from SEO experts Sistrix reveals big losses for news domains in organic search in 2022. — News websites saw a significant drop …

Discussion: @mnshap, @pressgazette, @pressgazette and @chippy

Jim Friedlich / Nieman Reports:

About two dozen current and prospective journalism funders and practitioners met to work on a roadmap for US local news, encouraging more funding collaborations — A gathering of current and prospective journalism funders and practitioners seeks to reinvent local news as civic information in service of communities

Discussion: @agolis, Nieman Lab, @ckrewson, @jimfriedlich, @davidclinchnews, @kdoctor, @freepress, @nancygibbs and Free Press

Mandy Dalugdug / Music Business Worldwide:

Los Angeles-based Shamrock Capital raises $600M+ for its third equity fund to invest in film, television, music, video games, sports rights, and other content — Los Angeles-based investment company Shamrock Capital has raised more than $600 million in commitments for its third equity fund …

Discussion: Wall Street Journal and Billboard

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Emily Bary / MarketWatch:
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Sara Fischer / Axios:
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