Top News:
Lillian Rizzo / CNBC:
Netflix reports Q2 revenue up 16.8% YoY to $9.56B, vs. $9.53B est., paid memberships up 16.5% YoY to 277.65M, vs. 274.4M est., net income up 44% YoY to $2.15B — Netflix reported second-quarter earnings Thursday that showcased the media giant's position at the head of the streaming race …
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The Verge, AdExchanger, Engadget, Fortune, Lillian Rizzo on LinkedIn, BGR, The Wrap, IGN, New York Times, @ainemacdermot.bsky.social, Ad Age, Netflix, Variety and Advanced Television, more at Techmeme »
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Reuters:
Netflix added 8M subscribers in Q2 vs. 5M est., as it benefited from a crackdown on password-sharing and popular titles like Bridgerton and Baby Reindeer — Netflix (NFLX.O) said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited …
Discussion:
The Hollywood Reporter, The Desk, The Guardian, The Streamable, Los Angeles Times, Bloomberg, IndieWire, Deadline, Media Play News and TVNewsCheck
Caitlin Huston / The Hollywood Reporter:
Peter Naylor, Netflix VP of ad sales since August 2022, is leaving, and the company will hire a head of US and Canada ad sales to fill his spot — The executive has been at the streaming giant since August 2022. … Naylor has been at Netflix since August 2022.
Discussion:
Variety, The Information, @pkafka, Ad Age, @pkafka, Next TV, @pkafka, TVNewsCheck, Adweek and Deadline, more at Techmeme »
Lucas Manfredi / The Wrap:
Netflix says its ad tier now accounts for over 45% of all signups in the markets where it's available, and ad tier memberships grew 34% QoQ in Q2 — The company expands its lead over competitors with 277.65 million subscribers globally — Netflix beat Wall Street expectations …
Discussion:
The Media Leader, RTÉ, MediaPost, Financial Times, The Drum, TVNewsCheck, The Information, @sharonwaxman, Deadline, IGN, Quartz, Next TV, Business Insider and Reuters, more at Techmeme »
Aidan McLaughlin / Mediaite:
Veteran cable news host Lou Dobbs, who made his name on CNN and then Fox Business, has died at 78; Trump announced his death on Truth Social — Lou Dobbs, the veteran broadcaster who made his name on CNN and then Fox Business as an icon of financial news, passed away at the age of 78 …
Discussion:
CNN, Washington Post, ComingSoon.net, @loudobbs, Variety, The US Sun, Los Angeles Times, Newser, @yashar, The Daily Beast, USA Today, The Wrap, The Desk, @mehdirhasan, @carolmswain, NPR, @markjacobnews@threads.net, The Hollywood Reporter, @carolmswain, Reuters, New York Times, TVLine, al.com, TMZ.com, HuffPost, The Independent, Washington Examiner, New York Post, Deadline, TVNewsCheck, Next TV, Fox News, Talking Biz News and ABC13
Financial Times:
Sources: WBD weighs splitting off its streaming and studio businesses from its legacy TV networks including CNN, leaving most of its debt with the TV networks — Group behind CNN and HBO has discussed options including spin-off of its streaming service and movie studio
Discussion:
IndieWire, @iamkingwilliams, @edmundlee, Front Office Sports, @loudmouthjulia, IGN, Business Insider, Breitbart, AV Club, Quartz, @aysrick, @edgecliffe, New York Post, The Streamable, The Information, Advanced Television, The Media Leader, Reuters, Deadline, The Desk, The Wrap, Yahoo Finance and The Hollywood Reporter
Washington Post:
Sue Mi Terry, wife of WaPo columnist Max Boot, has been charged with acting as an agent of South Korea; the indictment cites a WaPo column she wrote with Boot — Sue Mi Terry, a senior fellow for Korea studies at the Council on Foreign Relations, was charged with failing to register as a foreign agent.
Discussion:
The Daily Beast, @chuckrossdc, US District Court, Southern District of New York, @reporterhal, @koryodynasty, @dfriedman33, @chuckrossdc, @leznver, @dfriedman33, CNN, freebeacon.com, New York Post, Mediaite, @kevinrothrock@infosec …, Fox News, New York Times, Hollywood Life, Breitbart, WWD and Associated Press
Daryna Antoniuk / The Record:
Bangladesh orders a nationwide shutdown of its mobile internet amid student protests that killed dozens of people to “ensure the security of citizens” — Authorities in Bangladesh have reportedly ordered a nationwide shutdown of mobile internet networks amid student protests …
Jack Dunn / Variety:
Fox Entertainment announces a restructuring of its operations that includes layoffs for about 30 people — Fox Entertainment has unveiled a restructuring of its operations that includes layoffs for about 30 staffers. — “While there are many exciting aspects to realizing our path forward …
Discussion:
The Wrap, Deadline and The Hollywood Reporter
NBC News:
Social media influencers backing Trump include Bryce Hall, with 23.7M TikTok followers, FaZe Banks, with nearly 5M YouTube subscribers, and Jake and Logan Paul — Following the attempted assassination of former President Donald Trump, influencers with large followings spoke out in his support.
Discussion:
Ad Age
Lisa Richwine / Reuters:
FilmLA: from April through June 2024, the number of on-location filming days in LA fell 12.4% YoY, driven by a 56.9% drop in reality TV production — Los Angeles experienced a hefty decline in reality TV production as Hollywood worked to recover from dual labor strikes last year, according to statistics released on Wednesday.
Discussion:
The Wrap, Variety, The Hollywood Reporter and Deadline
Committee to Protect Journalists:
The CPJ supports an urgent appeal filed to the UN Special Rapporteur on Torture on behalf of Guatemalan journalist José Rubén Zamora, imprisoned since 2022 — The Committee to Protect Journalists supports the urgent appeal filed to UN officials by an international legal team …
Discussion:
@pressfreedom, @pressfreedom, @pressfreedom and doughtystreet.co.uk
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