Top News:
Todd Spangler / Variety:
Disney plans to raise US prices of Disney+ Premium, Hulu without ads, and ESPN+, and to expand Disney+ ad-supported plans to Canada and nine European countries — Ad-supported Disney+ tier to expand to Canada, U.K. and eight other European countries this fall
Discussion:
TechCrunch, The Verge, The Streamable, MobileSyrup, Engadget, CNET, Collider, Deadline, @ppatel@mstdn.social, Ad Age, @sherman4949, Adweek, AdExchanger, @sherman4949, @lucas_shaw, @lucas_shaw, AppleInsider, Bloomberg, IndieWire, New York Post, @sherman4949, Media Play News, MediaPost, CNBC, The Hollywood Reporter, The Wrap, Bloomberg, TVLine, ET Canada and Cord Cutters News, more at Techmeme »
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Cynthia Littleton / Variety:
Disney reports Q3 revenue up 4% YoY to $22.3B, a $460M net loss, down from a $1.41B net income YoY, and India's Disney+ Hotstar service losing 12.5M subscribers — Disney+ loses 300K customers in U.S. and Canada while streaming-only Hulu gains 300K — The Walt Disney Co. saw …
Discussion:
New York Times, Forbes, SlashFilm, Axios, The Wrap, TechCrunch, The Walt Disney Company, IndieWire and CNBC
Kayla Cobb / The Wrap:
Bob Iger says cord-cutting trends are “unmistakable” and Disney is considering “a variety of strategic options” for its linear TV assets such as ABC — Bob Iger says the company is “considering a variety of strategic options” for assets like ABC
Discussion:
The Hollywood Reporter, The Hollywood Reporter, @zdarsky.bsky.social, TVNewsCheck and CNN
Scott Mendelson / The Wrap:
Bob Iger says Disney is expecting content spending in 2023 to be $27B, about $3B lower than previously guided, in part due to the Hollywood strikes — The company had previously expected to spend $30 billion this year — Walt Disney is cutting its content budget for the year by $3 billion …
Discussion:
The Hollywood Reporter, Reuters, The Hollywood Reporter, Awful Announcing and Hollywood Reporter
Lucas Manfredi / The Wrap:
Bob Iger says “anyone who wanted to speculate about” potential Disney sale “would have to immediately consider the global regulatory environment” — “Obviously anyone who wanted to speculate about such things would have to immediately consider the global regulatory environment …
Discussion:
@carlquintanilla
Adam Chitwood / The Wrap:
Bob Iger says Disney is “actively exploring ways” to crack down on password sharing and “will roll out tactics to drive monetization sometime in 2024”
Discussion:
The Verge, Mashable, MobileSyrup, Screen Rant, @carnage4life@mas.to, Insider and KXAN Austin, more at Techmeme »
Etan Vlessing / The Hollywood Reporter:
Lionsgate delays the planned split of Lionsgate and Starz to the first quarter of 2024, citing the eOne deal, Hollywood strikes, and a “disruptive marketplace” — The Hollywood giant, led by CEO Jon Feltheimer, has pushed the timing for a spin off of its studio business …
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Nicola Agius / Search Engine Land:
X unveils Sensitivity Settings and Enhanced Blocklist to boost brand safety and control for advertisers, rolling out over the next few weeks in the Ads Manager — The new tools give marketers more say over ad placement. — X, formerly known as Twitter, has launched two new features …
Discussion:
X for Business, Engadget, The Register, MobileSyrup, Social Media Today, @elyanathierry, @xbusiness, @lindayax, TechCrunch, Forbes, Mashable and Adweek, more at Techmeme »
Alex Weprin / Hollywood Reporter:
Filing: Dave Portnoy acquired Barstool Sports for $1 from Penn Entertainment, which says it expects to record a loss of between $800M and $850M on the deal — Penn Entertainment estimates that it will take a loss of as much as $850 million on Barstool. — Just how much did Dave Portnoy pay …
Discussion:
New York Post, Deadline, The Hollywood Reporter, Variety, Awful Announcing, Fortune, Sportico, Bloomberg and Barrett Media
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Mathew Ingram / Columbia Journalism Review:
Q&A with Mark Rasch, a lawyer for Tim Burke, whose PCs and equipment were seized in a probe of Fox News video leaks, on the case's implications for journalists — In May, agents from the Federal Bureau of Investigation showed up at Tim Burke's home in Tampa, Florida, and seized several computers …
Discussion:
@urbanachievr, @aaschapiro, @matthewkeyslive, @sally_yachts, @matthewkeyslive, @aaschapiro, Mediaite, @mathewi, @aaschapiro and @bubbaprog.ilovecitr.us
David Folkenflik / NPR:
Former Fox exec Preston Padden has joined a small band of vocal critics urging the FCC to deny Fox's renewal of its license to operate Fox 29 in Philadelphia — Preston Padden joined the Fox broadcast network a few years after its launch and helped founder Rupert Murdoch make it viable.
Discussion:
@boulderpreston, @boulderpreston, @edourdoo, @farhip, @newscorpse, @davidfolkenflik, The Wrap and Washington Post
Thomas Germain / Gizmodo:
CNET is deleting older posts, calling such cuts a best practice for sites “primarily driven by SEO traffic”; Google says purging to improve SEO is “not a thing” — Google says deleting old pages to bamboozle Search is “not a thing!” as CNET erases its history.
Discussion:
Search Engine Land, The Overspill, @searchliaison, @searchliaison, The Verge and @dannyjpalmer@infosec.exchange
Sara Guaglione / Digiday:
Podcast revenue at iHeartMedia, Spotify, and Acast grew between 12% and 31% YoY in Q2; PwC projects total podcast ad revenue to grow 25% YoY to $2.28B in 2023 — iHeartMedia, Spotify and Acast reported revenue growth between 12% and 31% year over year in their podcast businesses during …
Discussion:
Podnews, Billboard, The Hollywood Reporter and RAIN News
Reuters:
PE firm Symphony Technology Group agrees to acquire media editing software maker Avid for ~$1.4B; Avid's products were used in Top Gun: Maverick and other films — Private equity firm Symphony Technology Group (STG) on Wednesday agreed to buy media editing software maker Avid Technology Inc …
Discussion:
Bloomberg, more at Techmeme »
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