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:
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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:
Screen Rant, 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, 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, New York Post, The Hollywood Reporter, 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, Screen Rant, @dcseifert@mastodon.social, 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:
The Wrap, TechCrunch, CNN, The Guardian, Gizmodo, @jessicalessin, Insider, @nbj914, @mattdpearce, @hshaban, @tim@phire.place, @kendrawrites, @benmullin, 9to5Google, The Information, @clarajeffery, @matthewkeyslive, Android Authority, Engadget, @hypervisible.bsky.social, @dsilverman@mastodon.social, The Desk, @pwnallthethings.bsky.social, The Verge and Gadgets 360, more at Techmeme »
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:
The Wrap, @nkulw, @alexweprin, @bmenezes, @maxwelltani, @nycsouthpaw, @willsommer, @lolgop, @ziltoid1991, @blackamazon and @semaforben
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.
Patrick Frater / Variety:
Media Partners Asia: South Korean premium VOD content captured 50% of SVOD viewership and 42% of freemium viewership across East Asia from January to June 2023 — Korean TV series and films are increasing still further their hold on streaming audiences across East Asia.
Discussion:
WORLD SCREEN and Deadline
Abner Li / 9to5Google:
YouTube increases the US price for YouTube Premium from $11.99 to $13.99 per month and for YouTube Music from $9.99 to $10.99 per month — The price of an individual YouTube Premium subscription is increasing by $2 to $13.99 per month in the US for new and current customers.
Discussion:
TechCrunch, @darthbluesky.bsky.social, Gizmodo, XDA Developers, PCWorld, Engadget, The Verge, Android Authority and Cord Cutters News, 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
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, @bbcstudiosindia, WORLD SCREEN, @fangsbites.bsky.social and Gadgets 360
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 »
Andreas Wiseman / Deadline:
Entertainment One plans to shut down its theatrical operations in the UK; sources say eOne's owner Hasbro will reduce staff in the country — EXCLUSIVE: Hasbro's reshaping of eOne continues with multiple sources telling us that the latter will cease theatrical operations in the UK.
Discussion:
Variety, @chordia22, @mistercoat and Axios
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
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
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Broadband TV News, Financial Times, Ofcom and Press Gazette, more at Techmeme »
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