Top News:
Emma Roth / The Verge:
Disney CEO Bob Iger says the company's password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024 — Disney Plus will soon no longer let you share your password with people outside your household.
Discussion:
Awful Announcing, Wired, PhoneArena, 9to5Mac, TechRadar, @2xaught7.bsky.social, Deadline, Digital Trends, @billbrasky2620, BGR, TVNewsCheck and Business Insider, more at Techmeme »
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Todd Spangler / Variety:
Disney reports Q3 revenue up 4% YoY to $23.2B, operating income up 19% YoY to $4.2B, DTC revenue up 15% YoY to $6.4B, and a $47M DTC profit as Disney+ grows — Company warns weak theme park demand could extend into the ‘next few quarters’ … That said, there were some mixed emotions …
Lillian Rizzo / CNBC:
Disney reports Disney+ Core subscribers up 1% YoY to 118.3M and its combined streaming business turned a profit, a first, but without ESPN+ reported a $19M loss
Discussion:
Awful Announcing, Screen Rant, Front Office Sports, Yahoo Finance, AdExchanger, UPI, NBC Bay Area, Adweek, The Wrap and The Verge
Katie Robertson / New York Times:
The NYT reports adding 300K digital subscribers in Q2, for 10.8M in total, and digital ad revenue up 7.8% YoY to $79.6M; The Athletic losses fell to $2.4M — The publisher added about 300,000 digital subscribers in the latest quarter, and now has more than 10.8 million subscribers.
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The New York Times Company:
The NYT reports Q2 revenue up 5.8% YoY to $625.1M, subscription revenue up 7.3% YoY to $439.3M, and operating profit up 13.6% YoY to $104.7M — NEW YORK, August 7, 2024 - The New York Times Company (NYSE: NYT) announced today second- quarter 2024 results. Key Highlights
Discussion:
Nieman Lab and @tvgrimreaper
Brian Stelter / Wired:
NBC's fragmented-yet-seamless coverage of the 2024 Paris Olympics, offering live events on Peacock plus primetime recaps, leads to strong viewership numbers — With a big assist from Peacock, the 2024 Summer Olympics broadcast is fragmented in all the right ways.
Sophie Culpepper / Nieman Lab:
A look at the ambitions of The Assembly, which has been buying and partnering with small NC outlets and envisions itself as a state-level The Atlantic magazine — “I was fixated on trying to build a place that could pay good writers good money to spend more time than normal on big stories.”
Discussion:
Robert Frederick on LinkedIn, Bill Horner III on LinkedIn, @anniema15, @joekilliannc and INDY Week
Emmanuel Morgan / New York Times:
Netflix is filming three documentary projects at the Paris Olympics, focusing on running, gymnastics, and basketball, as the streamer grows into sports content — New seasons of documentaries about running, gymnastics and basketball are being filmed this summer as part of a partnership with the International Olympic Committee.
Discussion:
Screen Rant and Gianina Thompson on LinkedIn
Jill Goldsmith / Deadline:
WBD reports Q2 revenue of $9.7B, and a net loss of $9.986B, taking an impairment charge of $9.1B for networks; global streaming subs rose 3.6M to reach 103M — The value of the linear assets when Discovery and Warner Media merged two and half year ago was significantly higher …
Discussion:
Awful Announcing, Variety, Business Insider, The Desk, The Wrap, CNBC, Yahoo Finance, IndieWire, Ad Age, The Streamable, Variety, Financial Times, @annaknicolaou, @heetermaria, The Information, Game Developer, Los Angeles Times, TVNewsCheck, The Hollywood Reporter, Warner Bros. Discoverey and Financial Times
Jay Peters / The Verge:
Instagram is making views the primary metric across all of its formats, letting creators track the same metric across Reels, Stories, photos, and more — Instagram is making “views” the primary metric across all of its formats, meaning that creators will be able to track the same metric across Reels, Stories, photos, and more.
Discussion:
Tubefilter, more at Techmeme »
Sarah Perez / TechCrunch:
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning — Facebook creators are being given a new option that will help them avoid jail — “Facebook jail,” that is — upon their first violation, and at various times after.
Discussion:
Facebook for Creators, The Information, Engadget and @michaelbishop.me, more at Techmeme »
Natasha Lomas / TechCrunch:
Ofcom publishes an open letter to social media platforms raising concerns about the use of their tools to incite violence, following days of rioting in the UK — The U.K.'s internet regulator, Ofcom, has published an open letter to social media platforms raising concerns about the use of their tools to incite violence.
Discussion:
Financial Times, ofcom.org.uk, The Sun, New York Times, Metro.co.uk, Reuters, Bloomberg and Bloomberg, more at Techmeme »
Etan Vlessing / The Hollywood Reporter:
Roku plans to launch a free, ad-supported 24/7 sports channel on August 12, with live Sunday MLB games, Originals, and more on its devices, apps, and website — The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker …
Wall Street Journal:
Sources: the NBA's deal with Amazon has several provisions that WBD can't match, including promotion of the NBA during Amazon's NFL streaming telecasts — League's media deal with tech giant included provisions Warner couldn't match, setting stage for legal fight
Discussion:
Barrett Media, TVNewsCheck, Sports Media Watch and USA Today
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Brian Steinberg / Variety:
Charles Barkley, a mainstay of TNT's Inside the NBA, reverses plans to retire and says he will keep working with WBD, which is fighting to keep NBA media rights
Discussion:
The Desk, Next TV, Pressroom, Fox News, New York Times, Brian Steinberg on LinkedIn, Los Angeles Times, Awful Announcing, USA Today, New York Times, Sportico, CNN, Deadline, Associated Press, Awful Announcing, TVLine, Front Office Sports, New York Post, The Wrap, CNBC, Barrett Media, New York Daily News and The Hollywood Reporter
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