Top News:
Lisa Richwine / Reuters:
Netflix 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 subscribers, vs. 1.9M est., and a Q3 forecast below est. — Netflix Inc (NFLX.O) handily beat Wall Street earnings forecasts on Wednesday as a password-sharing crackdown …
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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 — Breaking: In a major shakeup of its pricing model, Netflix, the global streaming giant, has abandoned its low-cost ‘Basic’ tier …
Discussion:
Variety, The Verge, The Hollywood Reporter, SlashFilm, Fortune, New York Post, UPI, Bloomberg, The Desk, @kylebarr5, XDA Developers, Axios, @alexweprin, Ars Technica, CNET, Forbes, CNBC, IndieWire, The Streamable, The Wrap, Consequence, Insider, TechCrunch, @dcseifert@mastodon.social, Gizmodo, 9to5Mac, Screen Rant, IGN, Engadget, WANE 15, Tech Advisor, Tv Technology, New York Daily News and UPROXX, more at Techmeme »
Manish Singh / TechCrunch:
Netflix brings password-sharing crackdown to India and other markets and says an “extra member” option won't be offered where it is newly enforcing restrictions — Netflix is bringing password-sharing crackdown to consumers in India and every other market starting today …
Discussion:
CNN, The San Diego Union-Tribune, The Guardian, Ad Age, The A.V. Club, CNBC, Variety, IGN, Tv Technology, Insider, Fox Business, Forbes and Fortune, 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” — Netflix has found itself with cash to spend thanks to the writers and actors strike.
Discussion:
The Wrap, CNBC, Media Play News and The Hollywood Reporter, more at Techmeme »
New York Times:
Sources: Google is testing an AI-powered tool to produce news stories, pitching it to news orgs including NYT, WaPo, and News Corp as a helpmate for journalists — The product, pitched as a helpmate for journalists, has been demonstrated for executives at The New York Times …
Discussion:
The Desk, The Verge, @matthewkeyslive, @benmullin, @hshaban and @clarajeffery
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, @erikwemple, @erikwemple, @erikwemple, @erikwemple, @smalleyda, @jfrickuga, UGASports, @byscottjbryan, @spaceyg, @slmandel, UGASports, @dawgfather84, @byscottjbryan, @slmandel, Athens Daily News, @dannymcintosh, @byscottjbryan, @byscottjbryan, @lsubeattweet, @neonflag, Awful Announcing and Fox News
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.
Financial Times:
Sources: Threads uses a largely replicated Instagram algorithm, prioritizing creators' and friends' posts over hard news, and relies on Instagram moderators — Facebook's parent company downgrades current affairs on Threads app and refuses to engage with Canadian law designed to fund media groups
Discussion:
The Information, @brandonmillman.bsky.social and @scripting.com, more at Techmeme »
Ted Johnson / Deadline:
In a 23-0 vote, the US House Judiciary Committee clears a new PRESS Act that stops the government from compelling reporters to disclose their sources or notes — A bill to protect journalists from revealing their sources amid pressure from the federal government cleared the House Judiciary Committee in a unanimous vote on Thursday.
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:
@haje, @haje, The Register, @lorakolodny, @sapiraviva, @haje and @britt_klontz
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:
Deadline and The Hollywood Reporter
Bloomberg:
Researchers say hate speech and misinformation on Twitter are up; CEO Linda Yaccarino says that's “incorrect” and touts improvements, like ad placement controls — Since Musk's takeover, a number of researchers see a rise in hate speech, violent content
Discussion:
The Wrap, @csmap_nyu, @ttp_updates, @titterdaily, @parmy, @mnutty@mastodon.ie, @ttp_updates, @bradstone, Deadline, @lindayacc, @csmap_nyu, @sarahfrier and @aishacounts, more at Techmeme »
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