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1:00 AM ET, August 5, 2020


 Top News: 
Disney reports $11.78B in Q3 revenue vs. $12.37B est., down 42% YoY, says it has 100M+ paid subs for streaming services including Disney+, Hulu, and ESPN+  —  - Disney reported earnings for its third quarter of 2020 after the bell on Tuesday as it continues to feel the impact of the coronavirus pandemic …
Julia Alexander / The Verge:
Disney's Mulan, originally to be released in March but delayed due to COVID-19, will be released on Disney+ on Sept. 4 as a premium on-demand offering for $30  —  Disney's live-action adaptation gets a new release date  —  Disney's live-action adaptation of Mulan will be released on Disney …
Joan E. Solsman / CNET:
Disney says Disney+ grew to 57.5M subs as of June 27, up from 54.5M three months ago  —  Between Disney Plus, Hulu and ESPN Plus, Disney's streaming services have more than 100 million subscribers combined.  —  Disney Plus grew to 57.5 subscribers as of June 27, up by 3 million in the last three months, Disney said Tuesday.
Julia Alexander / The Verge:
Disney says it plans to launch a general entertainment streaming platform internationally in 2021 under its Star brand, would include content from ABC, FX, more  —  The big question now is what it means for Hulu  —  Disney plans to launch a new general entertainment streaming platform overseas …
Joe Flint / Wall Street Journal:
Sources: NBCU begins layoffs across its portfolio, expected to be less than 10% of staff, and WarnerMedia will start layoffs as early as next week  —  Comcast unit is the latest among entertainment giants, including WarnerMedia, to cut employees in the wake of the coronavirus pandemic
Sara Fischer / Axios:
Bloomberg Media to launch a bundled subscription with The Athletic this month; Athletic journalists will also be featured on Bloomberg's QuickTake  —  Bloomberg Media will launch a bundled subscription with The Athletic beginning this month, sources tell Axios.
Kevin G. Hall / McClatchy Washington Bureau:
A bankruptcy judge has approved the $312M sale of McClatchy to Chatham Asset Management; Pension Benefit Guaranty Corporation will assume McClatchy pension plan  —  A federal bankruptcy judge approved the $312 million sale of McClatchy Co. on Tuesday, officially clearing …
Brian Steinberg / Variety:
Standard Media Index: Q2'2020 US TV ad spend fell 19% YoY and in June it fell 9% YoY to $3.2B, with CNN's ad revenue growing 86% YoY and Fox News' 55% YoY  —  More people continue to watch TV or other forms of video in the midst of the pandemic, but Madison Avenue is spending fewer dollars to dazzle them.
Russell Brandom / The Verge:
Trump has withdrawn the renomination of FCC Commissioner Michael O'Rielly after a senator's objection and O'Rielly's skepticism about Trump's Section 230 order  —  Michael O'Rielly served as FCC commissioner for a full six-year term  —  President Trump has withdrawn the nomination …
Knight Foundation:
49% of Americans see “a great deal” of political bias in news; 82% worry that inaccuracies are intentional; 19% of people under 30 view the media favorably  —  OVERVIEW  —  There is a widening gulf between American aspirations for and assessments of the news media.
Patreon fails to stop arbitration suits in California by fans of a comedian removed for hate speech, making suits from fans of other banned accounts possible  —  Court sides with fans of controversial content creator, potentially exposing company to further legal trouble A California court sided …
Discussion: @tracybeanz
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 More News: 
Eriq Gardner / Hollywood Reporter:
Neil Young sues Trump's campaign for copyright infringement for playing two of Young's songs at rallies, testing rules set by performance rights organizations
China says it will retaliate if the US doesn't extend visas for Chinese journalists; editor of Global Times says US journalists in HK would be targeted
Discussion: Bloomberg
 Earlier Picks: 
Caleb Potts / Android Police:
Facebook adds search feature in WhatsApp to help check viral messages for misinformation, rolling out today in Brazil, Italy, Ireland, Mexico, Spain, UK, and US
Paul Farhi / Washington Post:
Voice of America's 76 foreign employees fear imminent removal from the US as VOA refuses to renew visas, with some fearing a return to authoritarian regimes
Sonny Bunch / The Bulwark:
By making mass-market mediocrities and delivering them to millions in a slightly new way, Netflix is just repackaging broadcast TV, not reinventing it
Max Tani / @maxwelltani:
Business Insider told staff on Friday that the company will not require employees to return to the offices until July 2021