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, 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 …
Discussion:
Netflix, Insider, The Verge, Variety, Light Reading, Variety, NPR, @thedeskdotnet, SlashFilm, The Wrap, @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 — Netflix is bringing password-sharing crackdown to consumers in India and every other market starting today …
Discussion:
Forbes, CNN, Financial Times, Fox Business, Android Authority, Gadgets 360, Zee Business, Gadgets 360, DNA India, CNBC-TV18, Moneycontrol, BBC, Tv Technology, Bloomberg, The Guardian, Ad Age, Insider, CNBC and Fortune, more at Techmeme »
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 Verge, Variety, Engadget, Quartz, Android Authority, The Desk, @kylebarr5, The Hollywood Reporter, @alexweprin, Axios, New York Post, Ars Technica, ABC4 Utah, UPI, Bloomberg, CNET, SlashFilm, New York Daily News, XDA Developers, Fortune, Tv Technology, Forbes, CNBC, IndieWire, The Streamable, Insider, Consequence, The Wrap, TechCrunch, @dcseifert@mastodon.social, Screen Rant, Gizmodo, 9to5Mac, IGN, Tech Advisor and UPROXX, more at Techmeme »
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:
Insider, MIT Technology Review, @kendrawrites, Android Authority, Gadgets 360, Engadget, @nbj914, @mattdpearce, @hshaban, @dsilverman@mastodon.social, @tim@phire.place, @benmullin, 9to5Google, The Information, @clarajeffery, @matthewkeyslive, @pwnallthethings.bsky.social, The Desk, @hypervisible.bsky.social and The Verge, 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.
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 — Showtime slated “The Guantanamo Candidate,” an hour-long episode of its Vice documentary series, for May 28.
Discussion:
@ziltoid1991, @blackamazon, @lolgop and @semaforben
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, @lorakolodny, @sapiraviva, @haje, @britt_klontz and The Register
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
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, Press Gazette and Ofcom, 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
Anton Wilen / Bloomberg:
Stockholm-based streaming service Viaplay lays off 25% of its ~1,600 staff and puts itself up for sale, after reporting a $574M loss in Q2; its stock drops 40%+ — Viaplay Group AB fell as much as 33% after the struggling Swedish streaming service said it's letting go of more than 25% …
Discussion:
Variety, Cord Busters, Deadline, Broadband TV News and The Hollywood Reporter
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.
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