Top News:
Lisa Richwine / Reuters:
Netflix reports Q2 revenue up 2.7% YoY to $8.2B, vs. $8.3B est., net income up 3.3% YoY to $1.5B, 5.9M net new subs, and a Q3 forecast below est.; NFLX down 8%+ — Netflix Inc (NFLX.O) handily beat Wall Street earnings forecasts on Wednesday as a password-sharing crackdown …
Discussion:
Netflix, The Verge, @reigncoates, @joerussotweets, @loudmouthjulia, @sherman4949, @juicethousand, @lucas_shaw, @bluthcapital, @sarthakgh, @karlbode, @tvgrimreaper, @karlbode, Variety, Variety, The Guardian, @thedeskdotnet, NPR, Light Reading, SlashFilm, The Wrap, The Hill, @carnage4life@mas.to, Deadline, Yahoo Finance, The Information, Reuters and The Desk, more at Techmeme »
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Manish Singh / TechCrunch:
Netflix brings its password-sharing crackdown to India and other markets and says an “extra member” option won't be offered in places with its new restrictions
Discussion:
Forbes, Insider, Associated Press, CNN, Gadgets 360, Zee Business, Gadgets 360, Fox Business, DNA India, Financial Times, CNBC-TV18, Moneycontrol, Android Authority, BBC, Tv Technology, Bloomberg, Ad Age and CNBC, more at Techmeme »
Peter White / Deadline:
Netflix increases its free cash flow estimate for 2023 from $3.5B to $5B, citing “lower cash content spend” due to the strikes and “timing of production starts”
Discussion:
Fortune, The Wrap, CNBC, Media Play News and The Hollywood Reporter
Or Goren / Cord Busters:
Netflix removes its most affordable $10/month ad-free Basic tier in the US and UK, charging new and rejoining members £10.99/month or $15.49/month for no ads
Discussion:
The Streamable, The Verge, Variety, Engadget, Quartz, Android Authority, The Desk, @kylebarr5, @alexweprin, Axios, The Hollywood Reporter, New York Post, Ars Technica, ABC4 Utah, UPI, Bloomberg, New York Daily News, CNET, Tv Technology, SlashFilm, XDA Developers, Fortune, Forbes, CNBC, IndieWire, Insider, Consequence, The Wrap, TechCrunch, @dcseifert@mastodon.social, Screen Rant, Gizmodo, 9to5Mac, IGN, Tech Advisor and UPROXX
New York Times:
Sources: Google tests an AI tool to produce news stories, pitching the service to the NYT, WaPo, News Corp, and other outlets as a helpmate for journalists — The product, pitched as a helpmate for journalists, has been demonstrated for executives at The New York Times, The Washington Post and News Corp …
Discussion:
CNN, The Guardian, Insider, @jessicalessin, @kendrawrites, Android Authority, @nbj914, @mattdpearce, @hshaban, @dsilverman@mastodon.social, @tim@phire.place, @benmullin, 9to5Google, The Information, @clarajeffery, @matthewkeyslive, @pwnallthethings.bsky.social, The Desk, Engadget, @hypervisible.bsky.social, The Verge and Gadgets 360, more at Techmeme »
Katie Robertson / New York Times:
After scrutiny by campus newspapers, Stanford's president resigns and Northwestern fired its football coach, spotlighting the key role of student journalists — The president of Stanford and the head football coach at Northwestern left their positions after being scrutinized in campus newspapers.
Jess Weatherbed / The Verge:
Google plans to begin gradually enabling Privacy Sandbox APIs for Chrome developers on July 24 after releasing Chrome 115, a milestone in phasing out cookies — The first phase of Google's long-standing plan to kill third-party cookies in Chrome is nearly complete.
Discussion:
TechCrunch, Digiday and @jcsura, more at Techmeme »
Calum Jaspan / Sydney Morning Herald:
Australia launches a review to examine the funding terms of ABC and SBS and look at governance at the two broadcasters, including their boards' composition — The federal government has kicked off a review that will examine funding terms for the ABC and SBS and look at governance at the two broadcasters …
Discussion:
The Guardian
Haje Jan Kamps / TechCrunch:
A look at scammers on Fiverr claiming to sell TechCrunch articles, some of whom create fake websites as “proof” and appear to be part of an organized crime — I spent $800 to try to get a scammer to post an article on TechCrunch for me — A few times per day …
Discussion:
Fox News, @haje, @haje, @lorakolodny, @sapiraviva, @haje, @britt_klontz and The Register
Naman Ramachandran / Variety:
Amazon and BBC Studios launch BBC Player and BBC Kids on Prime Video Channels in India for an annual add-on subscription of $7.30 or $2.42 for just BBC Kids — STREAMING — Prime Video and BBC Studios have launched BBC Player and BBC Kids on Prime Video Channels in India.
Discussion:
Bloomberg, WORLD SCREEN, @fangsbites.bsky.social and Gadgets 360
Georg Szalai / Hollywood Reporter:
TelevisaUnivision reports Q2 revenue up 11% YoY to $1.2B, including 10% ad growth, after announcing in May that its free Vix streaming service passed 30M MAUs — Led by Mexico, total revenue grew 11 percent, “continuing to drive our leadership position in Spanish-language streaming with ViX …
Discussion:
TelevisaUnivision
Max Tani / Semafor:
Sources: Showtime pulled a Vice documentary episode that featured Ron DeSantis' time as a US Navy lawyer at Guantanamo over fears of political consequences — The Scoop — Showtime slated “The Guantanamo Candidate,” a 30 minute-long episode of its Vice documentary series, for May 28.
Discussion:
@bmenezes, @maxwelltani, @nycsouthpaw, @willsommer, @ziltoid1991, @blackamazon, @lolgop and @semaforben
Hibaq Farah / The Guardian:
Ofcom survey: TikTok is the top news source for 12- to 15-year-olds in the UK, followed by YouTube and Instagram; 16- to 24-year-olds prefer Instagram for news — Algorithm-driven viral video app overtakes YouTube and Instagram as most used single source of news for young teenagers
Discussion:
Broadband TV News, Financial Times, Ofcom and Press Gazette, more at Techmeme »
Sharon Knolle / The Wrap:
Bron, the Canadian finance and production company behind films including Joker and Clint Eastwood's The Mule, files for bankruptcy — “The decision to seek creditor protection was not taken lightly and was adopted with a view to the best interests of the company and its many stakeholders," a company memo says
Discussion:
The Hollywood Reporter and Deadline
Glenn Guilbeau / OutKick:
The Atlanta Journal-Constitution fires Alan Judd after “errors that fell short of our standards” in a story on sex abuse claims against the UGA's football team — The Atlanta Journal-Constitution did not fully retract a recent, critical story about the University …
Discussion:
Atlanta Journal-Constitution, @smalleyda, @jfrickuga, @byscottjbryan, @spaceyg, @slmandel, @erikwemple, @erikwemple, @erikwemple, @dawgfather84, @byscottjbryan, @erikwemple, @slmandel, @dannymcintosh, @byscottjbryan, @byscottjbryan, @lsubeattweet, @neonflag, UGASports, UGASports, Athens Daily News, Fox News and Awful Announcing
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