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, 9to5Mac, TechRadar, @2xaught7.bsky.social, Deadline, Digital Trends, @billbrasky2620, BGR, PhoneArena, Business Insider and TVNewsCheck, more at Techmeme »
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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 — WATCH NOW — Disney reported its fiscal third-quarter earnings Wednesday, topping analyst estimates as its combined streaming …
Discussion:
Wall Street Journal, The Independent, Awful Announcing, Front Office Sports, Screen Rant, Yahoo Finance, AdExchanger, NBC Bay Area, Adweek, The Wrap, UPI, New York Times and The Verge
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 …
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:
Reuters, Sportico, Awful Announcing, Variety, The Wrap, The Desk, CNBC, Yahoo Finance, The Streamable, IndieWire, Variety, Ad Age, Financial Times, @annaknicolaou, @heetermaria, The Information, Game Developer, Los Angeles Times, The Hollywood Reporter, Warner Bros. Discoverey, TVNewsCheck 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, @michaelbishop.me and Engadget, 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 »
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