Top News:
Todd Spangler / Variety:
Disney reports Q1 revenue up 8% YoY to $23.51B, vs. $23.37B est., direct-to-consumer revenue up 13% YoY to $5.3B, and operating loss rose $0.5B to $1.1B — Overall, Disney posted revenue of $23.51 billion (up 8%) and adjusted earnings per share of 99 cents for the quarter ended Dec. 31, 2022 (Disney's Q1 of fiscal year 2023).
Discussion:
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Lauren Forristal / TechCrunch:
Disney ended 2022 with 161.8M Disney+ global subscribers, down 1% QoQ, its first drop since 2020's launch; Hulu had 48M and ESPN+ had 24.9M, both up 2% QoQ — Disney's first quarter with CEO Bob Iger back in command isn't looking so good. Disney announced its Q1 2023 earnings today …
Discussion:
@trengriffin, Zacks Investment Research, masslive.com, The Wrap and The Streamable
Todd Spangler / Variety:
Disney cuts its workforce by 7,000, or 3.2% of its ~220,000 global headcount, as the company tries to save $5.5B in costs, including $2.5B in non-content costs
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NewsNation:
NewsNation reporter Evan Lambert was freed from jail late February 8 after being arrested giving a live report at Ohio Governor Mike DeWine's press conference — EAST PALESTINE, Ohio (NewsNation) — A NewsNation reporter was released from jail late Wednesday after being arrested earlier …
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Lillian Rizzo / CNBC:
Nelson Peltz says his proxy fight against Disney is over following Disney's announced restructuring: “Disney plans to do everything we wanted them to do” — Follow your favorite stocksCREATE FREE ACCOUNT — Nelson Peltz declared the proxy fight between his firm …
Discussion:
Axios, New York Times, The Wrap, Variety, Los Angeles Times, Forbes, New York Post, Deadline and Financial Times
Rebecca Picciotto / CNBC:
Bob Iger says “everything is on the table” when it comes to Hulu amid a discussion on his plans to pare back Disney's general entertainment content — Follow your favorite stocksCREATE FREE ACCOUNT — Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu.
Discussion:
@sherman4949, The Streamable, Fortune, The Hollywood Reporter, @jyarow, @scottgustin, @richlightshed, Deadline and The Wrap
Sarah Grevy Gotfredsen / Columbia Journalism Review:
Tow Center analysis: ~4,000 journalists at US outlets tweeted 3% less per day on average after Elon Musk's takeover; those at right-leaning outlets tweeted more — b — New research from the Tow Center for Digital Journalism into the habits of journalists on Twitter during …
Discussion:
@jbenton, NewsLab, @jbenton, @katebevan, @froomkin, @froomkin, @karlbode, @domdifurio, @emilybell, @froomkin and GitHub
David Friend / Canadian Press:
Netflix rolls out its long-anticipated password sharing rules in Canada, New Zealand, Portugal, and Spain; other countries will be added in the next few months — Under new rules, premium and standard account holders will be given option to add extra members for $7.99 per month
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Reuters:
Thomson Reuters reports Q4 earnings of $282M and revenue of $1.77B, up 3% YoY; revenue from News rose 7% YoY to $198M — Thomson Reuters Corp (TRI.TO) on Thursday reported higher-than-expected earnings in the fourth quarter, helped by cost cuts and gains on divestitures, but said a weakening global economic environment was a concern.
Discussion:
Talking Biz News, Associated Press and Thomson Reuters
Mike Masnick / Techdirt:
Judges including Clarence Thomas propose weakening free speech defenses from 1964's New York Times v. Sullivan case; Congress should pass the defenses into law — For all the misleading claims about “free speech under attack” in place where it is definitively not under attack (i.e. …
Discussion:
@matthewschafer and @freedomofpress
Glenn Peoples / Billboard:
South Korean music company HYBE acquires Atlanta-based QC Media Holdings, which runs the hip-hop label Quality Control Music, for $300M in cash and stock — The label that developed Migos, Lil Baby and others will now fall under HYBE America and the leadership of CEO Scooter Braun.
Discussion:
New York Times, TMZ.com, Vibe, Variety, Complete Music Update, Music Business Worldwide, The Hollywood Reporter, Rolling Stone and Music Ally
Todd Spangler / Variety:
Dish's Sling TV rebrands Sling Free to Sling Freestream, which will carry 210 free channels, 41K on-demand titles, and expand further by the end of spring — Sling TV, the internet-streaming division of Dish Network, is doubling down on free, ad-supported streaming television (FAST) and free …
Discussion:
CNET, The Streamable, TechCrunch, Media Play News, Broadband TV News, Light Reading, The Desk, The Hollywood Reporter and Cord Cutters News
Ben Schoon / 9to5Google:
Google confirms that AI-generated content isn't against its Search guidelines, but using AI content to manipulate search results ranking violates its policies — AI is set to change the game in some big ways in the near future, and AI-generated content is one of the more controversial elements.
Discussion:
The Drum, Originality.AI, @carnage4life, MarTech, Search Engine Land, CNN and Night Walk, more at Techmeme »
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