Top News:
Sarah Whitten / CNBC:
Disney reports Q4 revenue up 5% YoY to $21.24B vs. $21.33B expected, net income of $264M, and 7M new core Disney+ subs, with total of 150.2M including Hotstar — - Disney reported quarterly earnings after the closing bell. — Profit topped expectations, but revenue came up short.
Discussion:
IndieWire, Variety, Forbes, The Streamable, The Wrap, Ad Age, NBC 7 San Diego, Yahoo Finance, Deadline, Walt Disney Company and The Hollywood Reporter
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Todd Spangler / Variety:
Disney CEO Bob Iger says a beta test of an app combining Disney+ and Hulu will launch in December 2023 and an official launch will follow in spring 2024 — Disney, which is in the home stretch of swinging the deal to become the full owner of Hulu, will launch a beta test of an app next month …
Samantha Delouya / CNN:
Disney raises its cost savings goal from $5.5B to $7.5B; Bob Iger suggests cuts will come primarily from linear TV and predicts streaming profits by Q4 2024 — Los Angeles CNN — The Walt Disney Company missed Wall Street's expectations Wednesday when the company reported weaker-than-expected revenue for the past quarter.
Discussion:
New York Post, @sarafischer and The Hollywood Reporter
Gearoid Reidy / Bloomberg:
A look at Nintendo's movie push, as the company partners with Sony to work on a Zelda live-action movie, after the huge success of The Super Mario Bros. Movie — It's dangerous to go alone, and in teaming up with Sony and the man who made Marvel successful, Nintendo shows it has learned from past mistakes.
Discussion:
Nintendo Co., Ltd., @nintendo, RTÉ, Financial Times, The Playlist, GIANT FREAKIN ROBOT, Forbes, Bjoern Eichstaedt on LinkedIn, Screen Rant, @Infrapink@mastodon.ie, @nintendo, Associated Press, The Verge, Ars Technica, Hollywood Reporter, TechCrunch, The Wrap, SlashFilm, VentureBeat, KTLA and Collider, more at Techmeme »
Jill Goldsmith / Deadline:
WBD shares fell 16%+ on November 8 after its CFO described a US ad market that continues “to be weaker than we had hoped”, and an unpredictable 2024 recovery — - WBD CEO David Zaslav “Hopeful” For Resolution To SAG-AFTRA Strike As He Touts Studios' Final Offer; Hints At M&A
Discussion:
AdExchanger, Yahoo Finance, Bloomberg and CNBC
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Jeremy Barr / Washington Post:
Experts criticize NBC News for partnering with Salem Media, which promotes 2020 US election denialism and produced 2000 Mules, for the third GOP primary debate — How Salem Media Group — a powerful network of pro-Trump talk-radio programming and producer of the discredited ‘2000 Mules’ documentary …
Katie Robertson / New York Times:
The New York Times reports Q3 revenue up 9.3% YoY to $598.3M, an $89.8M adjusted operating profit, 10M+ subs, and subscription revenue up 15.7% YoY to $282.2M — The company reported an adjusted operating profit of $89.8 million in its latest quarter, up from $69 million a year earlier.
Ben Sisario / New York Times:
A woman sues former Grammy Awards CEO Neil Portnow, claiming he drugged and raped her in 2018 and the Recording Academy was negligent in investigating her claim — The woman, who is not named in the lawsuit, said that she was drugged by Neil Portnow, and that the Recording Academy was negligent in investigating her complaint.
Discussion:
Variety, Los Angeles Times, Forbes, Rolling Stone and Stereogum
Alexandra Topping / The Guardian:
Presenter Carol Vorderman quits her BBC Radio Wales show, saying she will “not be silenced” by the BBC's new social media rules on voicing political opinions — Presenter says bosses had decided she ‘must leave’ after she continued to express political opinions online
Brent Lang / Variety:
An interview with Chairman of Netflix Film Scott Stuber on releasing fewer films per year in a bet on quality, being more selective about bidding wars, and more — In 2018, “Saturday Night Live” captured the public perception of Netflix as a ceaseless river of content.
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Margi Murphy / Bloomberg:
Ahead of the 2024 US election, Microsoft plans to offer a free watermarking tool to help US politicians authenticate their videos and photos to fight deepfakes — - Tool offering comes as concerns grow over fake photos, videos — Microsoft says Russia is ‘huge’ cyber, disinformation threat
Discussion:
The Wrap, The Verge and @rumtin, more at Techmeme »
Reuters:
OCCRP co-founder Drew Sullivan: analysis shows government-backed hackers tried to plant NSO's Pegasus on Indian journalist Anand Mangnale's iPhone on August 23 — Government-backed hackers tried to plant spyware made by NSO Group on the iPhone of an Indian journalist working for the Organized Crime …
Kenneth Chang / New York Times:
Nature retracts a high-profile paper that claimed the discovery of a superconductor, the second Ranga P. Dias paper retracted by the journal in just over a year — It was the second paper led by Ranga P. Dias, a researcher at the University of Rochester, that the journal Nature has retracted.
Discussion:
Ars Technica, @dangaristo, @ionerrea, Nature, Las Vegas Review-Journal and TechCrunch
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