Mediagazer: Amazon announces three new interactive ad formats for Prime Video: shoppable carousel ads, interactive pause ads, and interactive brand trivia ads (Alex Weprin/The Hollywood Reporter)

11:15 AM ET, May 7, 2024

Top News:

CNBC:

Disney reports Q2 revenue up 1% YoY to $22.08B, vs. $22.11B est., with Disney+ and Hulu hitting a combined quarterly profit for the first time — The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.

Discussion: The Verge, Axios, Ad Age, Fast Company, CNBC, Reuters, The Wrap, City A.M., New York Times, The Walt Disney Company, @alexweprin, WORLD SCREEN, The Information, Next TV, Quartz, @thetranscript_, @thetranscript_, Los Angeles Times and Deadline

Jennifer Maas / Variety:

Disney CEO Bob Iger says Marvel is going to reduce output and focus on quality by releasing “about two TV series a year” and a “maximum of three” films per year — Disney CEO Bob Iger says the company is shrinking the MCU with a new mission to drop the number …

Discussion: The Wrap, SlashFilm, TVLine, Screen Rant, The Hollywood Reporter, @tvgrimreaper, The Playlist and Deadline

Robbie Whelan / Wall Street Journal:

Disney's streaming unit reports a loss of $18M in Q2, down from a $659M loss YoY, and says it is on track to achieve streaming profitability in Q4 2024 — Entertainment giant adds streaming customers as it swings to a loss as a result of charge from India media venture

Discussion: @tvgrimreaper, Media Play News and The Hollywood Reporter

Loree Seitz / The Wrap:

Bob Iger says Disney+ will add a new ESPN tile by the end of 2024, with “select live games and studio programming” for US subscribers — Disney+ will add a new ESPN tile by the end of 2024. — The new tile, which will grant U.S. subscribers access to “select live games …

Discussion: The Hollywood Reporter, The Streamable, Variety, Streaming Better, Cord Cutters News, Deadline and The Verge

Thomas Buckley / Bloomberg:
Disney reports Disney+ 153.6M subscribers, vs. 155.66M est., and raises its guidance for FY 2024 earnings growth from 20% to 25%, vs. 25.5% est.; DIS drops 8%+

Discussion: Advanced Television

Todd Spangler / Variety:
Disney reports Disney+ Core, which excludes Disney+ Hotstar in India and other Southeast Asian countries, subscribers up 6% QoQ to 117.6M in Q2, above forecasts

Discussion: The Streamable

Ren LaForme / Poynter:

2024 Pulitzer Prize winners: NYT for Investigative Reporting, WaPo and Reuters for National Reporting, and NYT for International Reporting for Oct. 7 coverage — A live list of the winners of journalism's top honor, including links to the winning stories. — The winners of the 2024 Pulitzer Prizes …

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Joseph Ax / Reuters:

Lookout Santa Cruz, a digital-only local news outlet, won the breaking news reporting Pulitzer for its 2023 California floods coverage; Reuters won two prizes — Reuters won two Pulitzer Prizes on Monday, taking home the national reporting award for a series of investigations …

Discussion: Media Nation, Lookout Santa Cruz, @scottbrodbeck, @kwstark, @digidave, @merrillcollege, Los Angeles Times, @jcopeland_sc, @paldhous, @buxmontnews, Poynter, Poynter, Jewish Telegraphic Agency and Nick Tattersall on LinkedIn

Michael M. Grynbaum / New York Times:
NYT and WaPo won three Pulitzers each; the prize for public service went to ProPublica for its coverage of Justice Clarence Thomas' financial entanglements

Discussion: Politico, Poynter, @rachael_levy, @stevenwaldman, @tomburtonwsj, Newser, Edmund Carlevale on LinkedIn, @propublica.bsky.social and The New York Times Company

Max Tani / Semafor:

Memo: Business Insider Global Editor-in-Chief Nic Carlson is stepping down, and will become an editor-at-large focused on longer-term projects — The Scoop — Business Insider's global editor-in-chief is stepping down as the company begins a search for his replacement.

Discussion: The Wrap, @nichcarlson, @thestalwart, @mjnblack, @sarafischer, @sportsrapport and The Daily Beast

Perri Ormont Blumberg / New York Times:

Memo: Condé Nast and the union representing staff at Vogue, Vanity Fair, and others reach a tentative deal for a first contract after over a year of bargaining — The company on Monday reached a tentative contract agreement with unionized employees who said they were willing …

Todd Spangler / Variety:
Condé Nast's tentative agreement to contract terms came after the union leaders had explicitly threatened to stage a picket line at the 2024 Met Gala

Discussion: Page Six, UPROXX, Vogue and New York Post

Alex Weprin / The Hollywood Reporter:

Amazon announces three new interactive ad formats for Prime Video: shoppable carousel ads, interactive pause ads, and interactive brand trivia ads — Three new formats will let users easily include products featured in ads to their Amazon carts, with no need for QR codes.

Discussion: AdExchanger, Variety, Adweek, Ad Age, MediaPost, Amazon Ads, Next TV and Deadline

Deepa Seetharaman / Wall Street Journal:

OpenAI releases a tool to detect DALL-E 3-created images, claiming 98% accuracy for unaltered images, and joins Microsoft and Adobe's content credentials group — Startup's new tool detects 98% of pictures generated by its DALL-E 3 system, but success drops if the images are altered

Discussion: TechCrunch, New York Times, Reuters, ZDNet and Microsoft On the Issues, more at Techmeme »

Charles Pulliam-Moore / The Verge:

Tubi partners with Issa Rae's ColorCreative initiative to launch Stubios, an incubation program for up-and-coming filmmakers looking to break into the business — Tubi is partnering with Issa Rae's Color Creative initiative to launch an incubation platform for up-and-coming filmmakers looking to break into the business.

Discussion: Adweek, Variety, StreamTV Insider, TechCrunch, CNET, Next TV, TubiTV Corporate and Cord Cutters News

Sara Fischer / Axios:

Dotdash Meredith inks a deal with OpenAI to license its content to train AI models and work together on products, including Dotdash's ad-targeting tool D/Cipher — - OpenAI will also collaborate with Dotdash to create new AI products and features for its readers.

Discussion: Reuters, Bloomberg, The Information, Dotdash Meredith, @sarafischer and @sarafischer

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More News:

Tech Transparency Project:
An investigation finds a black market for Facebook accounts that have approval to run political ads during India's general election, raising interference fears

Discussion: Washington Post, more at Techmeme »

Lucas Shaw / Bloomberg:
Q&A with comedians Bert Kreischer, Taylor Tomlinson, and Chelsea Handler on the boom in standup comedy, which grossed $900M+ in 2023, and Netflix's role in it

Discussion: Los Angeles Times and @lucas_shaw

Adamya Sharma / Android Authority:
YouTube rolls out Jump Ahead, which uses AI to let users jump to parts of a video where most viewers skip ahead, to all US Premium members using its Android app

Discussion: Tom's Guide, Chrome Unboxed, How-To Geek, ZDNet, @glenngabe, @notbrodyjenner, Marketing Interactive, @matthewkeyslive, @sashajol, Social Media Today, Mashable, Cord Cutters News, Android Police, 9to5Google, Android Headlines, Neowin and Boing Boing

Andrew Perez / Rolling Stone:
A viral Politico story on Democratic donors funding the pro-Palestine protests against Joe Biden is full of inaccuracies; Politico issued some corrections

Sabela Ojea / Wall Street Journal:
Simon & Schuster acquires Dutch publisher Veen Bosch & Keuning, its first deal for a non-English book publisher; VBK will maintain its editorial independence

Discussion: The Bookseller, Publishing Perspectives and Publishers Weekly

Ben Strauss / Washington Post:
A profile of ESPN's First Take host Stephen A. Smith, whose longevity and uncanny ability to deliver opinions made him the most famous talking head in sports

Discussion: @webbarr, @stephenasmith, @njh287, @ngreenberg, @benjstrauss and Stephen A. Smith on LinkedIn

Earlier Picks:

Ivan Mehta / TechCrunch:
An interview with Quora CEO Adam D'Angelo on adding AI tools, supporting developers on Quora's chatbot platform Poe, Quora's relationship with OpenAI, and more

Discussion: @indianidle, @indianidle and @indianidle

Daniel Thomas / Financial Times:
UK film and TV execs say the industry is struggling to recover from the Hollywood strikes and the spending contractions among UK broadcasters and US streamers

Discussion: Martin S. on LinkedIn

Ashley Carman / Bloomberg:
Over 40K Audible books are marked as having been made with an AI “virtual voice”, saving authors hundreds or thousands of dollars per title on narration costs

Discussion: Music Ally, @carnage4life and @salomekjones.bsky.social

Max Tani / Semafor:
Sources: YouTuber Jimmy Donaldson, aka Mr. Beast, parts ways with management company Night Media and is increasingly taking personal control of his business

Discussion: @lucas_shaw, Bloomberg, @mrdylancollins, @semaforben, @taylorlorenz, The Information, Tubefilter, Business Insider, Chris Erwin on LinkedIn and @maxwelltani

Ben Smith / Semafor:
Q&A with NYT Executive Editor Joe Kahn, who says polling shows “democracy” is not a prime concern warranting top coverage, while immigration and the economy are

Discussion: The Rebooting, @nprinskeep, @jayrosen_nyu, @scarylawyerguy, @sjdemas, @melaniesill@mastodon.social, @jalexa1218, @jeffjarvis, @davidaugust@mastodon.online, @jalefkowit@vmst.io, @dangillmor@mastodon.social, Fox News, @tzimmer_history …, New York Post, @acwardblueridge@threads.net, Mediaite, @markwoll@universeodon.com, @erikawittekind@threads.net, Mark Little on LinkedIn, @dave@social.masto.land, @anitablanchard@threads.net, The Hill, @vidiot.bsky.social, @kevinfry@threads.net, @elizabethbenedictwriter …, @msignorile@threads.net, @aabaldoni@threads.net, @allyncasting@threads.net, @dkiesow@threads.net, @spacewaystravel@threads.net, @kath.e.fagan@threads.net, @johnmcquaid@threads.net, @stony.lonesome@threads.net, @markjacobnews@threads.net, @markjacobnews@threads.net, @deanbetz@threads.net, @reducetofit@threads.net, @pwnallthethings.bsky.social, @goatburgler@threads.net, @anildash@threads.net, @apearlma.bsky.social, @pwnallthethings.bsky.social, @joshuajfriedman.com, @reedfrich.bsky.social, @johncluverius.bsky.social, @johncluverius.bsky.social, @fleerultra.bsky.social, @publichealth.bsky.social and @jayrosen.bsky.social

Wall Street Journal:
Kim Godwin steps down as ABC News' president, a role she has held since 2021, and says she will “retire from broadcast journalism”; no successor has been named

From Techmeme:

Kent Walker / The Keyword:
Google says the DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers, and jeopardize the US' global tech leadership

Paige Smith / Bloomberg:
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks

Hannah Lang / Reuters:
Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve

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