Top News:
Todd Spangler / Variety:
Netflix won't report subscriber numbers or Average Revenue per Membership starting in Q1 2025, saying time spent is its “best proxy for customer satisfaction” — Netflix will no longer report subscriber numbers — a key metric for streaming services for years — beginning with the first quarter of 2025.
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Sarah Whitten / CNBC:
Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY — LOS ANGELES — Netflix reported earnings that beat on the top and bottom line after the bell Thursday. — Here are the results:
Discussion:
Netflix, Next TV, The Wrap, Variety, Yahoo Finance, @lucas_shaw and Daily Press, more at Techmeme »
David Ingram / NBC News:
Hyundai says it is pausing ads on X, after one ad appeared next to antisemitic and pro-Nazi content; the ad appeared on a user profile that had 55K+ followers — The move came after a Hyundai ad appeared next to antisemitic posts from a user who has posted pro-Hitler content.
New York Times:
Sources: Sony Pictures Entertainment and Apollo discussed a joint all-cash offer for Paramount, which is still in an exclusive negotiation window with Skydance — The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.
Discussion:
Variety, The Wrap, Forbes, Deadline, Hollywood Reporter, @benmullin, Benjamin Mullin on LinkedIn and New York Post
Sara Fischer / Axios:
CalMatters, a nonprofit focused on CA politics and policy, acquires tech news nonprofit The Markup; CalMatters has ~$12.5M in funding and The Markup has $5M — - CalMatters today employs 72 people and The Markup employs 28. … - CalMatters currently has around $12.5 in philanthropic funding …
New York Times:
The judge in Trump's NY criminal trial ordered reporters on April 18 to not disclose jurors' job info and warned against sharing jurors' physical descriptions — Some news reports have included details about jurors that had been aired in open court. One was excused after she developed concerns about being identified.
Discussion:
Daily Press, Salon, Politico, Associated Press, Wired, Mother Jones, @kenwhite.bsky.social, @apocalypticanow.bsky.social, @lifewinning.com, Mediaite, @lizardky.bsky.social, @nycsouthpaw.bsky.social, The Wrap, CNN, @joeperticone, @quinnae.com, @lizardky.bsky.social, @joshuajfriedman.com, @conarck, @quinnae.com, @quinnae.com, @mitchellepner.bsky.social, Boing Boing, @joshuajfriedman.com, @drvon2.bsky.london, @kenwhite.bsky.social, @nycsouthpaw.bsky.social, @kenwhite.bsky.social, PolitiFact and r/politics
Daniel Tencer / Music Business Worldwide:
Short-form video app Triller is merging with Hong Kong financial services company AGBA; Triller shareholders will own 80% of the combined company valued at $4B — Financially troubled social media app and TikTok competitor Triller is merging with a Hong Kong financial services company …
Discussion:
Los Angeles Times and Billboard, more at Techmeme »
Jessica Testa / New York Times:
A look at Highsnobiety, a creative consultancy and clothing line, as well as magazine and website led by EIC Willa Bennett covering fashion and youth culture — Willa Bennett, the editor of Highsnobiety, at the Bowling Green subway station near its offices in New York.Lanna Apisukh for The New York Times
Neel Dhanesha / Nieman Lab:
Q&A with Erica Heilman, host of “Rumble Strip”, an independent podcast she created in 2013 that chronicles how Vermont changed over the years — “I only make unimportant things now, but it's all the unimportant things that really make up our lives.”
Discussion:
@rumblestripvt and @neel_dhan
Sara Fischer / Axios:
Essence magazine's parent, Sundial Media Group, agrees to buy Refinery29 from Vice Media and names former Vice COO Cory Haik as CEO of Refinery29 — - The acquisition of Refinery29 will help Sundial and Essence extend their reach to content companies that cut across culture and commerce, Sundial said in a statement.
Discussion:
Sundial Media Group
Emma Roth / The Verge:
Twitch plans to roll out its TikTok-style discovery feed later in April, letting users scroll clips and livestreams, after testing the feature for a year — After nearly a year of testing, Twitch's new TikTok-style discovery feed will finally roll out to all users later this month.
Discussion:
Tubefilter and The Information
Jonathan Barrett / The Guardian:
James Warburton, the CEO of Australia's Seven West Media since 2019, steps down; CFO Jeff Howard will take over as CEO starting on April 19 — Media executive's exit comes as broadcaster faces a number of controversies — Get our morning and afternoon news emails, free app or daily news podcast
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