Top News:
Jennifer Maas / Variety:
WBD CFO says the company has saved more than $100M due to strikes and that “our modeling assumes a return to work date in early September” — Warner Bros. Discovery execs reported the Hollywood writers and actors' ongoing work stoppage had brought the company savings in the …
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Eileen AJ Connelly / The Wrap:
Though WBD's streaming unit posted a Q2 loss, content licensing revenue rose to $410M from $132M in Q2 2022; David Zaslav says WBD will seek co-exclusive deals
Discussion:
Financial Times
Wall Street Journal:
WBD reports Q2 revenue down 4% YoY to $10.36B and a $1.2B net loss, up from $3.42B in Q2 2022; the company paid down $1.6B debt in Q2, leaving $47.8B remaining
Discussion:
Reuters, The Desk, IndieWire, Deadline, Broadband TV News, @azalben, Kidscreen, @chronotope, Screen Rant, @jacktweets44, CNBC, Bloomberg, @news_by_nick and Insider
Georg Szalai / Hollywood Reporter:
Warner Bros. Discovery reports 95.8M streaming subscribers in June, down from 97.6M in March, and a Q2 streaming loss of $3M, less than its Q2 2022 $558M loss
Discussion:
Gizmodo, The Wrap, The Hollywood Reporter, @carnage4life@threads.net, @tvgrimreaper, The Information, Variety and TechCrunch
Todd Spangler / Variety:
Apple reports Q3 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 8.2% YoY to a record $21.2B, driven by 1B+ paid subscriptions — Apple delivered solid financial results for the June 2023 quarter that beat Wall Street estimates, even as top-line revenue dipped 1.4% on lower-than-expected iPhone sales.
Discussion:
Apple, TechCrunch, The Wrap, CNBC, Deadline, The Verge, Apple Inc., MacRumors, @lexnfx, Wall Street Journal, 9to5Mac, The Hollywood Reporter, @patrickmcgee_ and @patrickmcgee_, more at Techmeme »
Annie Palmer / CNBC:
Amazon Q2: ad revenue up 22% YoY to $10.68B, vs. $10.4B est., subscription revenue up 14% YoY to $9.89B, and North America segment sales up 11% YoY to $82.5B — - Amazon beat on the top and bottom lines for the second quarter. — Amazon said second-quarter revenue climbed 11% …
Discussion:
Variety, CNN, NBC 7 San Diego, Deadline, @digitalshields, About Amazon, @epro.social and Cord Cutters News, more at Techmeme »
Byline Times:
A unique password found in a data breach directory links GB News' Dan Wootton to two online personas that bribed and harassed men to share sexual material — Receive our Behind the Headlines email and we'll post a free copy of Byline Times — GB News star Dan Wootton twice used …
Discussion:
@peterjukes, @kuangeleven, @fascinatorfun, @hardeep_matharu and Press Gazette
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Jim Waterson / The Guardian:
MailOnline suspends Dan Wootton from writing his twice-weekly column; he continues to present a nightly primetime show on GB News — Journalist denies claims he used pseudonym to secretly offer colleagues tens of thousands of pounds for sexual material — Dan Wootton has been suspended …
Discussion:
@jimwaterson.bsky.social
Shubham Kalia / Reuters:
Agence France-Presse sues X in Paris for refusing to discuss potential content distribution payments under a 2019 law; Elon Musk calls the lawsuit “bizarre” — said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter …
Discussion:
Insider, Al Jazeera, Agence France-Presse, UPI, @elonmusk, Newser, Plagiarism Today, Washington Post, @carnage4life@mas.to, @xdaily, Engadget, @afpcom, Associated Press, Quartz, TechCrunch, Forbes and @elonmusk, more at Techmeme »
Paul Farhi / Washington Post:
A look at the fate of the bankrupt Santa Barbara News-Press under owner Wendy McCaw, who turned the paper into a forum for her politics and private crusades — Wendy McCaw, the owner of the Santa Barbara News-Press, ceased its publication in July after years of controversy
Discussion:
@joelmathis.bsky.social, @mbalter and @maxboot
Shirley Zhao / Bloomberg:
A look at Hong Kong-based streaming service Viu's plans for expansion in Asia and its current and potential future collaborations with Canal+ — - Recent deal with Canal+ set to bolster presence across region — Major streaming platform targets more local language content
Martyn Ziegler / The Times:
A look at Premier League soccer's fight against piracy as illegal live streams in the UK decline, with 600K+ blocked last season, and use of IPTV devices rises — With broadcasters losing billions of pounds a year to tech-savvy criminal networks, new weapons are needed in the war against an “industry killer”
Discussion:
@martynziegler
Angela Fu / Poynter:
Gannett reports a Q2 net loss of $12.7M, vs. $54M loss in Q2 2022, adjusts full-year revenue estimates to between $10M loss and $20M profit; stock is up 13%+ — Both Gannett and Lee Enterprises reported digital growth in the most recent quarter as total revenue fell.
Discussion:
Reuters, MediaPost, Gannett Inc., @bymikedavis, @gannett and nyguild.org
Amanda Silberling / TechCrunch:
Triller files for a NYSE IPO after scrapping a $5B SPAC merger in 2021 and a direct listing in 2022; Triller had $47.7M in revenue and a $195.6M loss in 2022 — Triller has long teased its ambitions to go public, and now, the short form video platform seems to on its way to an IPO.
Discussion:
Billboard, Billboard, Music Ally and Digital Music News, more at Techmeme »
Oliver Darcy / CNN:
A US federal judge rules Catherine Herridge must participate in a deposition regarding the identity of confidential source(s) for her Fox News stories in 2017 — A federal judge handed down a rare and alarming court decision this week that could have significant implications for the free press in America.
Discussion:
@kyledcheney, The Wrap, @wlabovitz, The Desk, CourtListener, U.S. Press Freedom Tracker and Bloomberg Law
Mia Sato / The Verge:
Patreon temporarily disables Payoneer payments after some creators were unable to access their earnings and some banks flagged subscriber payments as fraudulent — Two simultaneous issues with payments on Patreon are causing problems for both creators and fans.
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