Top News:
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:
The Wrap, IndieWire, Axios, CNBC, Media Play News and The Walt Disney Company
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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:
New York Times, Los Angeles Times, The Hollywood Reporter and CNN
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” — Disney+ will begin cracking down on password-sharing in 2024 in an effort to drive monetization …
Discussion:
The Verge, Insider, IndieWire, KFOR.com Oklahoma City and @carnage4life@mas.to, more at Techmeme »
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:
The Verge, CNET, The Streamable, Bloomberg, Ad Age, IndieWire, CNBC, TVLine, The Wrap, The Information, AppleInsider, ComingSoon.net, Deadline, Media Play News, Bloomberg, @sherman4949, @sherman4949, @sherman4949, @lucas_shaw, @lucas_shaw, The Hollywood Reporter, Insider and Cord Cutters News, 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:
Awful Announcing, Sportico, Variety, The Hollywood Reporter and Barrett Media
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Matt Levine / Bloomberg:
The Penn-Barstool deal made sense for Penn and Dave Portnoy when he sold Barstool in 2020, and the Penn-Disney deal makes sense now as Portnoy regains Barstool — Also WeWork's decline, Yellow's equity value, Target as a securities-fraud target and a Reata M&A typo. — Barstool
Discussion:
The Atlantic, Vox, Variety, Awful Announcing, The Athletic, Barrett Media and Axios
Katherine Sayre / Wall Street Journal:
ESPN's deal letting Penn Entertainment use its brand for ESPN Bet is worth $2B over 10 years: $1.5B in cash plus warrants worth ~$500M to purchase Penn shares
Discussion:
Inside Radio, Business Wire, Breitbart, WPRI.com, The Desk, Barrett Media, Front Office Sports, Axios, Insider, Poynter, Newser, New York Times, @jeffjarvis, MediaPost, Advanced Television, Financial Times, CBS News, Sportico, The Wrap, Fortune, The Verge, Los Angeles Times, CNN, Sports Media Watch, The Information, The Streamable, The Hill, MarketWatch, CNBC, Next TV, New York Post, Variety, Deadline, The Hollywood Reporter, Awful Announcing, Bloomberg, New York Daily News, Forbes, For The Win, Cord Cutters News and ESPN Press Room U.S.
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:
Mediaite, @mathewi, @matthewkeyslive, @aaschapiro, @aaschapiro, @urbanachievr, @sally_yachts, @matthewkeyslive, @aaschapiro and @bubbaprog.ilovecitr.us
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:
The Verge, @dannyjpalmer@infosec.exchange, @searchliaison, @searchliaison and Search Engine Roundtable
Steven Waldman / The Atlantic:
Funding US local news, which could mean ~$1.5B per year to sustain 25K local reporter positions, would more than pay for itself and “save American democracy” — The decline of local journalism isn't just a threat to democracy. It's also costing us money. — Zak podmore did not bring down a corrupt mayor.
Discussion:
Media Nation, @jrussellmi, @stevenwaldman, American Press Institute, @mckaycoppins, @dlberes and @bykenarmstrong
Blake Brittain / Reuters:
Gizmodo EIC Dan Ackerman sues Apple, the Tetris Company, and others, accusing them of adapting his book about Tetris into a feature film without his permission — Dan Ackerman, editor in chief of the tech-news website Gizmodo, filed a lawsuit in Manhattan federal court on Monday accusing Apple …
Discussion:
New York Post, PC Gamer, @xpangler, IndieWire, Plagiarism Today, @reedalbergotti, @11thjeff, Metro, The Verge, Engadget, Talking Biz News, The Wrap, Variety, 9to5Mac and AppleInsider, more at Techmeme »
Yuvraj Malik / Reuters:
The world's largest news media organizations sign an open letter calling for a framework to “collectively negotiate” use of their IP with AI model operators — A group of the world's biggest news media organizations called for revised regulations on the use of copyrighted material …
Pamela McClintock / Hollywood Reporter:
Netflix reopens NYC's iconic Paris Theater after major upgrades with plans to screen its original movies and host special events, retrospectives, and filmmakers — The iconic cinema will be able to screen 70mm film for the first time in years and also has a new Dolby Atmos system.
Discussion:
The Wrap
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