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11:35 AM ET, July 26, 2023

Mediagazer

 Top News: 
Todd Spangler / Variety:
YouTube's ad revenue increased 4.4% YoY to $7.67B in Q2, above expectations of $7.43B and a reversal after three consecutive quarters of declines  —  Alphabet, the parent company of Google and YouTube, came in above analyst earnings expectations, with top-line growth of 7%.
RELATED:
Ivan Mehta / TechCrunch:
Google says 2B+ logged-in monthly users are watching YouTube Shorts, up from 1.5B+ in June 2022, and YouTube is reaching 150M people on their TVs in the US  —  Google said today that more than 2 billion logged-in monthly users are watching YouTube Shorts, giving it an edge over competitors like TikTok and Instagram Reels.
Discussion: CNBC, more at Techmeme »
Emine Sinmaz / The Guardian:
A UK jury finds Kevin Spacey not guilty of nine charges of sexual assault alleged to have been committed between 2004 and 2013  —  Jury at Southwark crown court finds Oscar-winning actor, 64, not guilty after four-week trial  —  Kevin Spacey wept and said he was humbled after being cleared …
The Hollywood Reporter:
With striking actors not doing press, sources say multiple streaming services are discussing potentially moving certain undated fully shot series to early 2024  —  With talent unable to do press and content pipelines at risk of running dry, executives at every major streamer are quietly debating …
Kyle Wiggers / TechCrunch:
Documents detail the struggles of Amazon's Clubhouse rival Amp, launched in March 2022 with a year-end target of 1M+ MAUs; a source says MAUs sit at 700K today  —  At the height of the COVID-19 health crisis, when many of us — forced by quarantine rules and social distancing guidelines …
Newley Purnell / Wall Street Journal:
Meta hasn't labeled propaganda accounts of state-backed media from Russia and other authoritarian governments on Threads, unlike on Facebook and Instagram  —  State-backed media accounts have hundreds of thousands of followers without the labels they are made to carry on Instagram and Facebook
Todd Spangler / Variety:
Verizon partners with YouTube to offer some new and upgrading wireless and home internet customers free access to the NFL Sunday Ticket  —  Verizon and YouTube are calling a new customer-acquisition play aimed a gridiron fans. … Terms of the agreement between Verizon and YouTube …
Naman Ramachandran / Variety:
The BBC invested £128.5M into TV and radio content under its Creative Diversity Commitment, hitting its £100M three-year goal with one year to spare  —  The BBC invested £128.5 million ($165.7 million) into TV and radio content in the first two years of its Creative Diversity Commitment, a year ahead of target.
Discussion: WORLD SCREEN, @blackamazon, BBC and Deadline
Wall Street Journal:
Emails: X offers discounts on new video ads in the US and UK and warns advertisers that they will lose verified status unless they reach spending thresholds  —  Social-media site X is offering hefty discounts to lure back ad dollars  —  X Corp. is cutting ad prices as it tries to woo brands back to the Elon Musk-owned platform.
Aisha Malik / TechCrunch:
Spotify CEO Daniel Ek teases ways the company could integrate additional AI into its products, including summarizing podcasts and generating audio ads  —  During the company's second-quarter earnings call this morning, Spotify CEO Daniel Ek teased a few ways the streaming service could introduce additional AI-powered functionality.
Discussion: Music Ally
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 More News: 
Matias Grez / CNN:
The BBC apologizes for a reporter's “inappropriate” question at the Women's World Cup opener; the reporter asked Morocco's captain if the team had gay players
Jonathan Vanian / CNBC:
Snap reports Q2 revenue down 4% YoY to $1.07B, vs. $1.05B est., DAUs up 14% YoY to 397M, vs. 395M est., and Q3 revenue forecast below est.; SNAP drops 16%+
Tatiana Siegel / Variety:
Sources detail Jeff Zucker's efforts to court potential investors in a bid for CNN, including Jeff Bezos, Laurene Powell Jobs, Alex Soros, and Roman Abramovich
 Earlier Picks: 
Sarah Taaffe-Maguire / Sky News:
NatWest CEO Dame Alison Rose admits to being the BBC source for an erroneous story that said Coutts de-banked Nigel Farage for financial, not political, reasons
Charlotte Tobitt / Press Gazette:
In response to MPs questions over The Sun's Huw Edwards reporting, its EIC says the story had “significant scrutiny pre-publication” and corroborative evidence
TechCrunch:
Threads adds an option for a chronological feed of posts from people the user follows
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP
 
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