Top News:
Ingrid Lunden / TechCrunch:
Spotify beats with Q1 revenue of €1.8B and net income of €1M, with MAUs up 31% YoY to 286M, premium users up 31% to 130M, and ad-supported MAUs up 32% to 163M — The coronavirus may be decimating some corners of the economy, but the impact on the digital music …
Discussion:
Spotify, Los Angeles Times, Ad Age, Variety, The Wrap, Fast Company, Hollywood Reporter, @ingridlunden, @thr, Engadget and @philipmorton, more at Techmeme »
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Sarah Perez / TechCrunch:
Spotify-owned Anchor introduces a feature that will allow creators to turn their video chats and virtual hangouts into podcast-ready audio
Discussion:
Nieman Lab, MediaPost, @rfaughnder, @ivan_brussels, @rverrier, Mobile Marketer, @leimer, Anchor, Engadget, The Verge, Marketing Land and Hot Pod News, more at Techmeme »
Dave McNary / Variety:
Cineworld joins AMC Theatres in refusing to show Universal Pictures films after NBCUniversal CEO's promise to open titles simultaneously on PVOD and in theaters — Cineworld, owner of the Regal Entertainment exhibition chain, is joining AMC Theatres in refusing to play any Universal Pictures films …
Discussion:
Hollywood Reporter, The Guardian, Hollywood Reporter, @jimwaterson and The Verge
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Thom Geier / The Wrap:
Universal says Trolls World Tour on-demand release has netted ~5M downloads; source: it's made $77M in revenue from the 80% it retains from digital rental fees
Discussion:
Wall Street Journal, The Streamable, Variety, /Film, Business Insider, Fox News, MediaPost, @zeitchikwapo, @zeitchikwapo, @zeitchikwapo, @zeitchikwapo, @mortuaryreport, @bookishplinko, @scrawfish, @scott_tobias, @witneyseibold, @wsj, @frankpallotta, @edmundlee, @awallenstein, @mjsamps, @davidlsims, @cinematicbanter and @dkthomp
Charlotte Tobitt / Press Gazette:
The Guardian says it had 821,000 readers making monthly contributions at the end of March, up 23% YoY; digital app subscriptions grew by 39% YoY to 265,000 — The Guardian's reader revenues have grown at record rates since the coronavirus crisis began and one of the UK's biggest regional dailies follows …
Discussion:
HoldtheFrontPage, The Guardian and Reuters Institute …
Brian Steinberg / Variety:
Nielsen: CNN saw an increase of 179% in viewers between the ages of 25 and 54 in April, while Fox News grew 83% and MSNBC grew 54% — Viewership for all three of the nation's main cable-news outlets soared in April as viewers tuned in at all hours for information on the spread of the coronavirus pandemic.
Discussion:
New York Times, The Media Nut, The Wrap, @poynter, Poynter, TVNewser, Mediaite and Raw Story
Tim Baysinger / The Wrap:
Amazon renews its NFL deal for 3 more seasons, with Amazon and Twitch getting exclusive global rights to one late-season Saturday game each season — Amazon will stream “Thursday Night Football” for three more seasons and get an additional game all to itself in a new deal with the NFL.
Discussion:
Variety, Axios, The Streamable, CNBC, @sherman4949, @sherman4949, @claireatki, @latimesent, Hollywood Reporter, @pkafka, @carlquintanilla, @pkafka, @darrenrovell and @pkafka
Scott Feinberg / Hollywood Reporter:
Motion picture academy eases qualifications for 2021 Oscars; eligible films won't have to screen for at least a week in a Los Angeles-area theater — The Academy's board of governors convened via a secure Zoom session on Tuesday morning. — The 93rd Academy Awards ceremony is still slated …
Discussion:
Oscars.org, Variety, @theacademy, @nicsperling, Cord Cutters News, The Wrap, @perezhilton, @mgsiegler, Numlock News, @benfritz, @gracerandolph, @variety, @enricomagrelli, @billkuchman, @kylebuchanan, @iwriteallday_, @heatherfink, @thatrebecca, Rolling Stone, Gizmodo, The Week, Mashable and The Verge
Elizabeth Williamson / New York Times:
Profile of Kayleigh McEnany, whose role as Trump's White House press secretary has become indistinguishable from her role as Trump campaign's spokeswoman — Kayleigh McEnany saw Donald J. Trump as her ticket to stardom. She has been fighting for him for much of her adult life, now as the president's fourth press secretary.
Discussion:
@mehdirhasan, @dangillmor, @nytpolitics, @ericboehlert, @billkristol, PRESS RUN, @mattgertz, New Republic, @tomscocca, @tomscocca, @brianstelter, @tomscocca and CNN
Jim VandeHei / Axios:
Axios, which had qualified for a $4.8M PPP loan, will return the money after nearing a deal for other capital and after the program prompted divisive debate — Axios, which qualified for a federal Paycheck Protection Program loan to avoid layoffs, will return the money, after nearing a deal for an alternative source of capital.
Discussion:
Columbia Journalism Review, The Wrap, @derricktperkins, @thegrnadvocate, @bendreyfuss, @harrysiegel, @emilydreyfuss, @bendreyfuss, @film_girl, @bendreyfuss, @bmorrissey, @jbarro, @bendreyfuss, @media_evan, @carlquintanilla, @danprimack, @danprimack, @ryanmaue, @danprimack, @lanceulanoff, @bendreyfuss, @dylanbyers, New York Post, bookforum.com and The Hill
RELATED:
Matthew Moore / The Times:
Facebook poaches Tony Close, director of content standards at Ofcom, as director of content regulation; Ofcom is preparing to regulate social media companies — A senior official at the watchdog preparing to regulate social media companies has been poached by Facebook to help it respond to the curbs.
Todd Spangler / Variety:
Alphabet reports YouTube Q1 ad revenue of $4.04B, up 33% YoY, but says ad sales fell significantly in March — YouTube generated $4.04 billion in ad revenue for the first quarter of 2020, up 33% from the year prior. Alphabet, the parent company of Google and YouTube …
Discussion:
MediaPost, Digiday, MarketWatch, @larakiara and @xpangler, more at Techmeme »
Sarah Scire / Nieman Lab:
Former NYT Shanghai bureau chief David Barboza launches The Wire China, a new journalism-and-data business that puts out a digital weekly magazine — “I think how wasteful is it that most journalists throw away or never use or don't pass on any of their notes or records.
NY State Attorney General:
New York AG calls on seven major cable and satellite TV providers to reduce or eliminate live sports programming fees during the pandemic — AG Sends Letters to Seven Major Cable and Satellite Providers — in New York to Reduce High Fees Until Live Sports Return
Discussion:
The Streamable, @richlightshed, @gerryfsmith and @richlightshed
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