Top News:
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 7.8% YoY to $8.54B, vs. $8.54B est., and global paid memberships up 10.8% YoY to 247.15M, vs. 243.88M est.; NFLX jumps 12%+ — LOS ANGELES — Netflix reported earnings after the bell. Here are the results. — Earnings: $3.73 vs $3.49 per share, according to LSEG, formerly known as Refinitiv
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Jessica Toonkel / Wall Street Journal:
Netflix raises its US prices for its basic plan from $9.99 to $11.99, its premium plan from $19.99 to $22.99, and some of its prices in the UK and France — Hollywood strikes will lead to lower content spending, more free cash flow this year, company says — said its efforts …
Discussion:
Digital Music News, KNSD-TV, 9to5Mac, @jalefkowit@octodon.social, IndieWire, @tvgrimreaper and Variety, more at Techmeme »
Jem Aswad / Variety:
UMG and BandLab Technologies form an AI-focused alliance to advance their commitments “to ethical use of AI and the protection of artist and songwriter rights” — Universal Music Group and BandLab Technologies have announced plans for a strategic relationship concentrated on protecting artists' rights in the age of AI.
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Murray Stassen / Music Business Worldwide:
Universal Music Publishing Group, Concord Music Group, and ABKCO sue Anthropic for allegedly violating their copyrights by using song lyrics to train AI models — Partnership will be 'centered on empowering the next generation of artists, including within BandLab's global community'.
Discussion:
Decrypt and The Hollywood Reporter
Jennifer Elias / CNBC:
Google News cut a “small number” of employees this week; an Alphabet Workers Union representative estimates 40 to 45 workers lost their jobs — - Google cut at least 40 jobs in its news division this week, CNBC has learned. — The company has been downsizing in recent months …
Discussion:
MediaPost, The Information, Jennifer Elias on LinkedIn and Rob Ruenes on LinkedIn
Thomas Buckley / Bloomberg:
Filing: Disney releases separate ESPN financial results for the first time, showing profit at ESPN networks fell 20% through the first nine months of FY 2023 — Profit at the ESPN sports networks fell 20% through the first nine months of fiscal 2023 as Walt Disney Co. provided the first peek at that business on a standalone basis.
Discussion:
The Wrap, The Desk, Axios, The Hollywood Reporter, @sportstvratings and Barrett Media
Joseph Cox / 404 Media:
Experts say misinformation from “verified” pseudo-OSINT accounts on X, driven by profit and engagement, is destroying the Israel-Hamas war information ecosystem — Join the newsletter to get the latest updates. — Success — Great! Check your inbox and click the link. — Error
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John Burn-Murdoch / @jburnmurdoch:
[Thread] Media outlets keep slipping up on the Israel-Hamas war because they lack in-house OSINT teams or are wary to rely on such teams for breaking news — Some quick thoughts on why large parts of the mainstream media keep slipping up on Gaza/Israel (and why it was the same at times with Covid): The main reason is a failure to keep pace with modern news gathering techniques, but there's more.
Discussion:
Axios, @slevene, @andrewpurc, @jburnmurdoch, @davidjhendy, @prestonjbyrne, @nrg8000, @gregdraws1, @justthefacts37, @marcowenjones, @jburnmurdoch, @bellingcat, @yuris, @jburnmurdoch, @asteris, @jerseyrobins, @washingtonpost, @eliothiggins, @osinttechnical, @matthewjdalby, @steveprioruk, @coupsure, @jburnmurdoch, @jburnmurdoch, @heddingkj, @sdp, @saugust06, @jason_paladino, @eliothiggins, @jburnmurdoch, @tannerjc, @jaltma, @jburnmurdoch, @biotechpolicyuk, @christophcherry, @amirmizroch, @fetzert, @shmmor, @amirmizroch, @robertmackey, @osinttechnical, @charliecoffee, @gavinsblog, @modestproposal1, bellingcat, New York Daily News, Voice of America and Financial Times
Elahe Izadi / Washington Post:
How Only in Dade, started as an Instagram meme page a decade ago, inadvertently became a Miami local news source, including by using its 1.3M followers' videos — If it's happening in Miami, locals find out about it through Only in Dade, previously a hub for alligator sightings and nightclub antics.
Discussion:
@elaheizadi, @fraying@xoxo.zone, @davidovalle305, @jesusrodriguezb and @elaheizadi
Lucas Shaw / Bloomberg:
Sources: YouTube is building an AI tool that lets creators record audio using famous musicians' voices and seeking major record labels' rights to train the tool — - YouTube is seeking rights from major music companies — Video site had hoped to unveil the music tool last month
Discussion:
Billboard, @lucas_shaw, The Verge and Search Engine Land, more at Techmeme »
Mike Fleming Jr / Deadline:
David Ellison's Skydance Animation signs a multiyear deal with Netflix to develop and produce animated movies, and ends its distribution pact with Apple — Co-Editor-in-Chief, Film — Netflix Sets Skydance Animation In Multi-Year Deal, First Up Is Alan Menken Musical ‘Spellbound;’ Rachel Zegler, Nicole Kidman, Javier Bardem Star
Discussion:
The Hollywood Reporter, 9to5Mac, Sabrina Kloss on LinkedIn, IGN, Variety, Eric Calderon on LinkedIn, IndieWire, ComingSoon.net, Reuters and Collider
Katie Notopoulos / MIT Technology Review:
Federated networks like Mastodon and a growing acceptance of paying for content may help move people away from big social platforms and improve online discourse — We're in a very strange moment for the internet. We all know it's broken. That's not news.
Matt Mullenweg:
While X charging users $1/year to stop bots and spam is appealing, the value of manipulating X is so high that millions are likely already being spent to do so — Twitter/X is testing charging users $1/year with the idea that will keep out bots and spam. It's an appealing idea …
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Kylie Robison / Fortune:
X tests Not A Bot, requiring new, unverified users to sign up for a $1 annual subscription to be able to post and interact, in New Zealand and the Philippines
Discussion:
@support, X, PC Gamer, Scott C. Lemon on LinkedIn, Fox Business, Observer, Ars Technica, CBS News, @dieworkwear, Techdirt, New York Post, Boing Boing, The Ankler, Shacknews, Rolling Stone, The Hill, Global News, UPI, @rahaeli.bsky.social, NPR, KNSD-TV, Mediaite, The Messenger, IGN, Los Angeles Times, @kyliebytes, @lexnfx, 9to5Mac, Reuters, The Guardian, The Information, The Hollywood Reporter, @pixel@desu.social, Ben Shute on LinkedIn, Insider, KRQE-TV, @andypiper@macaw.social, @tchambers@indieweb.social, CNN, Variety, Forbes, @chancerydaily@threads.net, @chrispirillo@threads.net, @joshwolf@threads.net, @reporterzoe@threads.net, @dangillmor@mastodon.social, The Verge, @scalzi.com, @dell.bsky.social, @billbennett@mastodon.nz, @venya@musicians.today, @evacide@hachyderm.io, @mike_isaac@threads.net, @thekenyeung@mastodon.social, The Wrap, @megmac@social.treehouse …, The Sun and Engadget, more at Techmeme »
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