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 …
Discussion:
The Verge, AdExchanger, Fortune, Lillian Rizzo on LinkedIn, BGR, Engadget, The Wrap, IGN, New York Times, @ainemacdermot.bsky.social, Ad Age, Netflix, Advanced Television and Variety, 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 and Media Play News
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, @pkafka, @pkafka, Next TV, @pkafka, TVNewsCheck, The Information, Ad Age, 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
Discussion:
The Media Leader, RTÉ, WORLD SCREEN, Financial Times, The Drum, MediaPost, TVNewsCheck, The Information, @sharonwaxman, Deadline, IGN, Quartz, Next TV and Business Insider, more at Techmeme »
Patrick Smith / NBC News:
CrowdStrike reports widespread “BSODs on Windows hosts”, impacting thousands of PCs and disrupting TV broadcasters, including Sky News and NBC News — Major carriers, including American Airlines, Delta Air Lines and United Airlines, all issued ground stops Friday morning citing communications issues.
Discussion:
@george_kurtz, The Guardian, Mediaite, CNN, Quartz, Associated Press, The Record, CNBC, The Sun, ABC13, @netcapgirl, @vxunderground, @tomwarren, @tomwarren, @troyhunt, @troyhunt, @trungtphan, @skysportsnews, BGR, New York Times, 9to5Mac, Mashable, Politico, Forbes, Engadget, Digital Trends, @davidgrayrhodes, The Daily Beast, CBS News, The Verge, New York Post, Broadband TV News, The US Sun, NBC Bay Area, Bloomberg, Deadline and HuffPost, more at Techmeme »
BBC:
A Russian court convicts Evan Gershkovich of espionage and sentences him to 16 years in prison; Wall Street Journal calls the trial a “sham” — US journalist Evan Gershkovich has been sentenced by a Russian court to 16 years in prison on espionage charges, after a secretive trial decried as a “sham” by his employer.
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Reuters, The Guardian, CNN, Reuters, Semafor, Politico, Washington Post, Bloomberg, Al Jazeera, Associated Press, Euractiv, @maxseddon, The US Sun, @jaketapper, @brettbruen, @bbcstever, Wall Street Journal, Committee to Protect …, Newser, New York Times, Radio Free Europe/Radio …, Breitbart, Courthouse News Service, Fox News, Talking Biz News and CBS News
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 …
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Charlotte Tobitt / Press Gazette:
In an interview, Metro executives say the free newspaper is now profitable in both print and digital, after it underwent a major restructuring in March 2023 — Metro is growing commercially even as free London rival Evening Standard forced to reduce print output.
Discussion:
Sofia Victoria Delgado on LinkedIn, Emily Shackleton on LinkedIn and Media Voices
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 …
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
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
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 and WWD
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.
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