Top News:
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 …
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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
Discussion:
The Verge, CNN, Android Headlines, @alexweprin, @thetranscript_, @thetranscript_, The Wrap, Business Insider, MediaPost, Reuters, CBS News, The Walt Disney Company, The Hollywood Reporter, City A.M., Financial Times, WORLD SCREEN, The Information, Ad Age, Fast Company, CNBC, Next TV, Quartz, The Wrap, Los Angeles Times, New York Times 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
Discussion:
@tvgrimreaper, Dylan Jones on LinkedIn, Axios, 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
Austin Fuller / Current:
NPR CEO Katherine Maher will not attend a US House committee hearing on May 8 looking at alleged NPR bias due to a schedule conflict, but offers to appear later — NPR CEO Katherine Maher will not attend a U.S. House committee hearing Wednesday aimed at looking into alleged ideological bias at the organization.
Discussion:
@davidfolkenflik, @renee.diresta@threads.net, Fox News and @davidfolkenflik
Joshua Benton / Nieman Lab:
A historical look at Pulitzer winners shows the decline of local and regional newspapers and the growth in online news outlets, especially at the local level — For the first time ever, more online news sites produced Pulitzer finalists than newspapers did.
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Benjamin Mullin / New York Times:
A look at Chicago's Invisible Institute, a nonprofit newsroom with about a dozen journalists incorporated in 2015 that won two 2024 Pulitzers — The Invisible Institute, a nonprofit newsroom with roughly a dozen journalists, was recognized for local and audio reporting.
Discussion:
@chrisahowell@threads.net, NewsLab, Poynter, Poynter, Chicago Tribune, Discourse Blog, Newser and Poynter
Max Tani / Semafor:
Memo: Business Insider Global Editor-in-Chief Nich 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.
Natalie Korach / The Wrap:
Dotdash Meredith unionized workers ratify contracts with management after negotiating since 2021; the deal covers ~160 staffers at People and other magazines — The three-year deal covers approximately 160 staffers at People, Entertainment Weekly and Martha Stewart Living
Discussion:
@meredithunion and @nyguild
Hanaa' Tameez / Nieman Lab:
Internews survey of 25 exiled news outlets: all but two are financially dependent on philanthropic or institutional funding, 28% are fully funded by donors — On World Press Freedom Day last week, the International Consortium of Investigative Reporters said in a statement that …
Discussion:
@niemanlab, @internews and Internews
Karissa Bell / Engadget:
Substack announces Substack Creator Studio, a program to support 10 US-based video creators to “turn their TikTok channels into Substack shows and communities” — The company says its plans are unrelated to a potential TikTok ban. — Newsletter platform Substack is ramping …
Discussion:
Christina Loff on LinkedIn, Washington Post, On Substack and On Substack
Pew Research Center:
Survey: 48% of US adults prefer websites or social media for local news; 15% paid for local news in the last year; 63% believe local outlets do well financially — As news consumption habits become more digital, U.S. adults continue to see value in local outlets — Table of Contents Table of Contents
Kate Knibbs / Wired:
A look at Musi, a free music streaming app popular among high schoolers that uses YouTube to source music, opening Musi up to legal action from record labels — Musi's free music streaming app is a hit with thrifty teens. The app claims to tap content on YouTube, but some in the music industry question the legitimacy of that model.
Discussion:
@knibbs, @extremeknibbs@threads.net and 9to5Mac
Nellie Andreeva / Deadline:
Ricky Strauss, who has been head of marketing at Apple TV+ for 16 months, is leaving; he earlier was president of content and marketing at Disney+ at its launch — Ricky Strauss is leaving Apple TV+ after a 16-month stint as Head of Marketing. — In his role, he was involved …
Discussion:
Variety, @rarebre3d, The Wrap, Puck and 9to5Mac
Sarah Perez / TechCrunch:
Meta announces an update to its AI ad tools, which can now make full new images, not just backgrounds, and claims it's adding strong guardrails to prevent abuse — Meta is rolling out an expanded set of generative AI tools for advertisers, after first announcing a set of AI features last October.
Discussion:
Facebook, Ad Age, Hadar Dor on LinkedIn, VentureBeat, Neowin, Social Media Today, Bloomberg, The Media Leader and Search Engine Land, more at Techmeme »
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