Top News:
Lisa Richwine / Reuters:
The much-hyped “Barbenheimer” opening weekend netted $155M for Barbie and $80.5M for Oppenheimer, for $300M in total in the US and Canada for just the 4th time — The much-hyped “Barbenheimer” box office battle over the weekend proved to be a win for movie theaters that needed to add some sizzle to their summer.
Discussion:
Variety, The Hollywood Reporter, @tim_bays, ComingSoon.net, Deadline, Semafor, NPR, Mediaite, New York Times, @sauthoff.bsky.social, @fracturcritical.bsky.social, @darthbluesky.bsky.social, Media Play News, The Verge, BBC, The Week, CNBC, @tuckerteague@mastodon.social, @aleciabatson@mastodon.social, Bloomberg, MediaPost, SlashFilm, Forbes and Screen Rant
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Jon Porter / The Verge:
Spotify confirms raising US Premium to $10.99/month, up from $9.99, the first increase since its US launch in 2011; Duo rises by $2, Family and Student by $1 — After 12 years, the price of Spotify Premium is increasing in the US. The subscription will now cost $10.99 a month, the company announced today.
Discussion:
Spotify, CNN, @chrismessina@mastodon.xyz, Deadline, CNET, Inside Radio, @bennjordan, @trengriffin, RAIN News, @lucas_shaw, @tomwarren, Insider, @jordanuhl_@threads.net, NBC News, Engadget, 9to5Google, Gizmodo, KNSD-TV, Variety, Music Business Worldwide, Hollywood Reporter, TechCrunch, UPROXX and Billboard, more at Techmeme »
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Ashley Carman / Bloomberg:
Spotify reports Q2 revenue rose 11% YoY to €3.2B, Premium subscribers grew 17% YoY to 220M, MAUs rose 27% YoY to 551M, and a €112M adjusted operating loss — Spotify Technology SA, the Swedish audio streaming platform, beat analyst expectations in its second-quarter results …
Discussion:
Wall Street Journal, @lucas_shaw and Spotify, more at Techmeme »
Ivan Mehta / TechCrunch:
Twitter rolls out its updated “interim” X logo, replacing the iconic bird, following Elon Musk's weekend announcement; X.com now redirects to twitter.com — Twitter has removed the iconic bird logo and adopted ‘X’ as its official logo. This move comes after Elon Musk announced the change over the weekend.
Discussion:
@lindayacc, @elonmusk, New York Times, @elonmusk, The Verge, @lindayacc, CNN, Insider, Fast Company, @chafkin, NBC News, @martingrasser, Macworld, Wall Street Journal, Associated Press, CNBC, Forrester, @lindayacc, @lindayacc, @espiers, @rmac18, TIME, @mrerikjackson, The Hill, KNSD-TV, @mollyjongfast, @rmac18, @mabintou, Mother Jones, The Guardian, Digital Journal, CBS News, @valueterminal, @mikeisaac, @wagatwe, New York Magazine, @ivanthek, The Daily Beast, @rmac18, @news_by_nick, @tomgara, Slate, Us Weekly, NPR, Ars Technica, @elonmusk, @jack, Bloomberg, Fortune, New York Post, @mossbergwalt@threads.net, @carnage4life@threads.net, CNN, Hollywood Life, @lindayacc, Engadget, PRWeek, MediaPost, Vibe, Variety, New York Daily News, New Republic, Gizmodo, Global News, Poynter, The Register, Fox News, Agence France-Presse, @levie, @tomcoates, @tedlieu, @jdcmedlock, @elonmuskaoc, @emilcdc, @bendreyfuss, @yosephpaulos, @jamestobyne, @karaswisher, @loupas, @jujuujba, @benedictevans, @killedbygoogle, KGET-TV, Complete Music Update, Sydney Morning Herald, Insider, New York Post, The Guardian, Bloomberg, Slate, The Hollywood Reporter, Boing Boing, @carnage4life@mas.to, @parkerortolani@threads.net, Times of San Diego, Ad Age, Digital Music News, The A.V. Club, UPROXX, The Week, Consequence, Forbes, Vanity Fair, Metro.co.uk, The Wrap, Billboard and Reuters, more at Techmeme »
Washington Post:
The previous big strikes reshaped Hollywood and fueled reality TV's rise; the current ones will likely turn established actors into TikTok stars and vice versa — The last big strikes reshaped the movie business and fueled the rise of reality TV. The latest walkout likely …
Discussion:
@videodrew, @shiralazar, @drewharwell, The Information, Brightcove, Digiday, Rolling Stone, Study Hall, Foreign Policy and Deadline
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Justin Hendrix / Tech Policy Press:
Q&A with Justine Bateman, a member of the DGA, the WGA, and SAG-AFTRA, on how AI may change the industry, the importance of the timing of the strike, and more
Discussion:
@justinhendrix and @emilymbender@dair …, more at Techmeme »
Dominic Ponsford / Press Gazette:
Reach reports revenue fell 6.1% YoY to £279.4M and operating profit dropped 23.5% YoY to £36.1M; print revenue fell 2.7% YoY and digital slid 16.1% YoY — Reach half-year results hit by falling page views and lower online ad yields. — The UK's largest regional news publisher Reach …
Discussion:
HoldtheFrontPage and Financial Times
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Dominic Ponsford / Press Gazette:
The Telegraph Media Group reports 2022 revenues up 4% YoY to £254.2M, digital subscription revenue up 31% YoY to £57.9M, and subscriptions up 2% YoY to 734K
Discussion:
The Guardian, Financial Times, London Evening Standard, Telegraph, Reuters, Telegraph Media Group, The Times and @guardiannews
Todd Spangler / Variety:
Netflix rolls out a My Netflix tab on iOS, superseding the Downloads tab to offer downloads, watch lists, reminders, and more; Android gets My Netflix in August — Netflix has rolled out a new feature designed to — what else? — get you to stream as much as possible on the service.
Discussion:
About Netflix, Broadband TV News, The Verge, The Hollywood Reporter, CNET, Engadget, Deadline, TechCrunch, UPROXX and Media Play News, more at Techmeme »
Aisha Malik / TechCrunch:
Instagram rolls out creator subscriptions in Australia, Brazil, Canada, France, Germany, Italy, Japan, Mexico, Spain, and the UK, expanding on support in the US — Meta announced today that it's rolling out Instagram subscriptions to all eligible creators in Australia, Brazil, Canada …
Discussion:
Instagram and Tubefilter, more at Techmeme »
Aisha Malik / TechCrunch:
TikTok rolls out support for text posts, available via the app's Camera page and letting users add sounds, locations, stickers, and more — As Twitter shoots itself in the foot with a rebrand this morning, TikTok has announced that it's rolling out support for text posts.
Discussion:
TikTok, CNN, The Verge, Forbes, Mumbrella, The A.V. Club, Fast Company, 9to5Mac, The Guardian, @blackamazon, CNET, @danyork@mastodon.social, The Hill, MediaPost, Tubefilter, @parkerortolani@threads.net, @chris@threads.net, @digiphile@mastodon.social, Engadget, Variety and KNSD-TV, more at Techmeme »
Catherine Perloff / Adweek:
Mailchimp owner Intuit is launching SMB MediaLabs, which lets advertisers target QuickBooks' 7.1M customers on social media, online publishers, CTV, and more — Targeting QuickBooks' customers across digital media is a promising new revenue line — Financial services giant Intuit …
Discussion:
Intuit SMB MediaLabs, @lefterisjp, @catherineperlo1, @johnathanbarnes and @sean_kaushal
David Folkenflik / NPR:
NPR names Edith Chapin as its SVP for news and editor-in-chief; she's been serving in the position on an acting basis since fall 2022, after joining NPR in 2012 — NPR has moved to shore up its leadership at a time of significant transition, naming veteran news leader Edith Chapin …
Discussion:
Inside Radio, Current, @isalara, @davidfolkenflik, @elbordeaux, @vivian, @greenfield64 and The Wrap
Sports Business Journal:
Sources: MLS Season Pass is nearing 1M subs including season-ticket holders; team execs say they are frustrated due to lack of transparency in viewership stats — Apple's Eddy Cue began speaking to a room filled with MLS owners and executives last week in Washington, D.C. …
Jean Yamamura / The Santa Barbara Independent:
The Santa Barbara News-Press, which has published a paper since 1868 and received a Pulitzer, ceases publication and files for a Chapter 7 bankruptcy — Publisher Ampersand Claims Few Assets and Many Creditors — More than 150 years of history ended on Friday when the Santa Barbara News …
Discussion:
Los Angeles Times, Associated Press, @michaeljlewis75, @kylebjorrey, @tonybiasotti, @bravokiloactual, @davidbenda_rs, @laobserved, @davidoatkins, @awinston, @nycsouthpaw, @jbenton, Media Bias/Fact Check, Deadline, MediaPost, @toddgregory.bsky.social, @joelmathis.bsky.social, Siteline, Edhat, The Guardian and The Wrap
Vidya Krishnan / Nieman Reports:
A look at NDTV, India's last mainstream TV network willing to critically cover the Modi government, as Adani Group's NDTV takeover leaves few independent voices — The hostile takeover of NDTV — one of India's last channels willing to report critically on the Modi government …
Discussion:
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