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YouTube Q2 ad revenue grew 13% YoY to $8.66B, vs. $8.93B est.; Google's subscriptions, platforms, and devices unit that includes YouTube TV had revenue of $9.3B — The Google-owned video platform still saw its ad haul rise by 13 percent compared to last year.
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Daniel Ek says Spotify is working on a deluxe Spotify tier, costing around $17 to $18, that has “a lot more control, a lot higher quality across the board” — The saga of Spotify HiFi has many twists and turns. First announced over three years ago, the music service's higher …
Discussion:
Digital Music News, Billboard, Neowin, TechCrunch, Music Business Worldwide, 9to5Mac, The Media Leader, Digital Trends and RAIN News
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Ashley Carman / Bloomberg:
Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+
Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+
Discussion:
Digital Music News, Music Ally, Simon Owens's Media Newsletter, Chris Walton on LinkedIn, The Information, @alexweprin, @thetranscript_, @sarafischer, @eldsjal, @natetharp@threads.net, @carnage4life@threads.net, Spotify, Neowin, Benzinga, MarketWatch, Wall Street Journal, Proactive, The Verge, Tech Xplore, Investor's Business Daily, Axios, Fast Company, Quartz, Billboard, Music Ally, The Hollywood Reporter, Deadline, The Wrap, Music Business Worldwide, Variety and Reuters
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Internal messages: Meta staff complained about Threads' algorithm limiting political posts, after the For You page was slow to show news of Biden dropping out — Shortly after Joe Biden dropped out of the presidential election Sunday, an employee at Meta Platforms posted in the company's internal forum …
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Former Marvel chairman Ike Perlmutter, who backed Nelson Peltz in a failed proxy fight for two Disney board seats, sells his stake of nearly 26M Disney shares — Isaac “Ike” Perlmutter, the former Marvel Entertainment executive, who for the last decade and a half has been one of Disney's …
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Variety, Gizmodo, Deadline, New York Post, The Hollywood Reporter and Reuters
Reuters:
A Moscow court finds Russian journalist Mikhail Zygar guilty in absentia of distributing false information about the Russian army and sentences him to 8.5 years — A court in Moscow said on Tuesday it had found Russian journalist Mikhail Zygar guilty in absentia of knowingly distributing false information …
Discussion:
International Center … and Committee to Protect …
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Though the UK's ICO says it's “disappointed” with Google's not deprecating third-party cookies, the regulator has only weakly enforced data protection laws — In a material development that will likely have a big impact on online business models, Google is no longer proposing …
Discussion:
Street Fight, Beet.TV, @LukaszOlejnik@mastodon.social, Digital Trends, Digiday, Security, Privacy & …, Privacy Sandbox, AdExchanger, Bloomberg, Criteo, Neowin, @Privacymatters@mastodon …, MarTech, RTÉ, Gizmodo, Press Gazette, Inside Radio, Electronic Frontier Foundation, The Register, The Verge, Reuters, Axios, W Media Research, The Drum, The Media Leader, Adweek and MediaPost
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France's Arcom regulator will not renew the TNT frequencies of Canal+ Group's controversial channel C8, which was fined €7.6M for lack of political plurality — Controversial French free-to-air channel C8, a subsidiary of Vivendi's Canal Plus Group, is set to lose its TNT frequency …
Discussion:
Variety, Reporters Without Borders and GB News
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A Prime Video India-commissioned report finds that India is attracting ~$6B per year in local content investments, or $4 per head vs. $370 per head in the US — Indian streaming series such as Netflix's “Heeramandi,” Prime Video's “Mirzapur” or Disney+ Hotstar's “Bad Cop,” could soon be more influential than Bollywood.
Discussion:
@lucas_shaw, Bloomberg and Deadline
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Some of News Corp's most experienced journalists in Australia, including Sue Dunlevy, have been made redundant, as the outlet cuts its national reporting team — Murdoch's Australian arm has quietly slashed tens of millions of dollars in costs to counter a slow advertising market and loss of revenue from Meta deal
Discussion:
@mark_melbin@mastodon.online
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Journalists at Nine newspapers Sydney Morning Herald and the Age plan to strike during Olympics if their demands, including a higher pay rise, aren't met — Reporters will walk off job from Friday - affecting Paris Games coverage - unless union demands are met during Wednesday afternoon meeting
Discussion:
Sydney Morning Herald and Australian Financial Review
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BBC reports UK households paying the £169.50 licence fee fell by 500K to 23.9M in 2023/2024; 69% of Britons under 16 consume any BBC content in an average week — Corporation faces stark challenge as it struggles to reach younger audiences who are watching Netflix and YouTube
Discussion:
Alex Blundell Jones on LinkedIn, The Sun, Financial Times, The Business Times and GB News
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Twitch introduces new policy and moderation updates to curb sexual harassment, including making its policy “easier to understand” and adding moderation tools — Twitch has introduced new policy and moderation updates that aim to help curb sexual harassment.
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The EU raises concerns over the independence of Italy's public broadcaster Rai after budget cuts and alleged “intimidation” by Giorgia Meloni's government — European Commission raises alarm over independence of public broadcaster Rai after budget cuts and ‘intimidation’
Discussion:
The Guardian and Agenzia ANSA
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LADbible owner LBG Media reports H1 2024 revenue up 55% YoY to £42.3M, adjusted earnings up 240% YoY to £10.2M, and a global audience of 493M; LBG jumps 11%+ — Shares in LBG Media soared 12 per cent after the company behind popular entertainment channel LAD Bible posted strong revenue …
Discussion:
LBG Media
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Comcast reports Peacock Q2 revenue up 28% YoY to $1B, and a $348M loss, down from $651M in Q2 2023; paying subs were up 38% YoY to 33M but down from 33.5M in Q1 — Comcast and its entertainment unit NBCUniversal report second-quarter results, including the “best year-over-year improvement” …
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