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11:55 AM ET, October 20, 2021

Mediagazer

 Top News: 
Matt Donnelly / Variety:
Ahead of a walkout by Netflix staff, Ted Sarandos says he “screwed up” internal messaging and acknowledges that “storytelling has real impact in the real world”  —  Netflix Co-CEO Ted Sarandos s speaking out over continued criticism of the Dave Chappelle comedy special “The Closer.”
RELATED:
Jessica Bursztynsky / CNBC:
Netflix reports Q3 revenue of $7.48B, up 16% YoY, operating income of $1.76B, up 33% YoY, and 214M paid subs, adding 4.4M YoY and beating estimates of 3.84M  —  - Netflix is set to report earnings after the bell Tuesday.  —  Netflix CEO Reed Hastings  —  Netflix shares were up more than 2% …
William Turton / Bloomberg:
Sources: the recent ransomware attack against Sinclair is linked to Russian group Evil Corp., which changed names to avoid 2019 US sanctions  —  - Evil Corp. said to change names to avoid 2019 U.S. sanctions  — Broadcaster hit with new ransomware strain called Macaw
Brian Steinberg / Variety:
AMC Networks announces an initiative to let advertisers use programmatic ad buying for live TV inventory  —  AMC Networks wants to make it possible for advertisers to buy time in linear broadcasts of “The Walking Dead” or “Better Call Saul” in the same way they do digital commercial inventory.
Discussion: Beet.TV and Ad Age
Jill Goldsmith / Deadline:
Mubi, a streaming service offering art house movies, launches Mubi Go, which gives US subscribers theater passes to one selected movie per week, starting in NYC  —  EXCLUSIVE: Arthouse streamer and distributor Mubi is launching a U.S. in-theater offering this month letting members see one film …
Discussion: @psawers and Gizmodo
Taylor Hatmaker / TechCrunch:
Superplastic, which owns an animated collab house of “synthetic superstars” on social media, raises a $20M Series A, bringing its total funding to $38M  —  A company from the creator of Ello and Kidrobot is announcing a new $20 million funding round to build out an imagined virtual world populated …
Discussion: Fast Company and VentureBeat
Bloomberg:
Sources: Discovery is cutting back high-profile projects on Discovery+, including an NYT doc on Louis CK; source says the cuts amount to $25M-$35M in costs  —  - Louis C.K. documentary is among $35 million in cancellations  — CEO Zaslav has yet to detail online video plans after merger
Discussion: @newsynick and @lucas_shaw
AllAccess.com:
Filing: John Malone's Liberty Media sold its entire stake in iHeartMedia, apparently ending Liberty's long-running effort to gain control of the broadcaster  —  What do you think?  Add your comment below.  —  LIBERTY MEDIA CORP. has sold off its 5,941,248 shares of iHEARTMEDIA Class A Common Stock at $25.25/share.
Discussion: Billboard
Spiegel Online:
Sources: the sacking of Bild EIC Julian Reichelt came after years of questionable conduct and Axel Springer showed no interest in disciplining him  —  The sacking of Julian Reichelt, the editor-in-chief of Germany's top tabloid, only came after years of questionable conduct.
 
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 More News: 
Georg Szalai / Hollywood Reporter:
Verizon Media reports $1.4B revenue for the two months of Q3 before it was sold to Apollo Global; FiOS TV lost 68K subscribers in Q3, up from a 62K loss in Q2
Discussion: ZDNet, ZDNet and Verizon
Queenie Wong / CNET:
Pinterest will release Creator Originals, a content series with over 100 creators across 10 countries, and create a $20M Creator Rewards in the US
Daisuke Wakabayashi / New York Times:
Nonprofit Lady Freethinker sues YouTube, claiming failure to remove animal abuse videos is a breach of contract with users
 Earlier Picks: 
Dorany Pineda / Los Angeles Times:
The Black Mountain Institute at University of Nevada Las Vegas will stop publishing The Believer magazine in spring 2022, citing the pandemic's financial impact
Laura Hazard Owen / Nieman Lab:
The three remaining board members of Akron's The Devil Strip launch a $75K GoFundMe campaign to try to keep the publication afloat, after its abrupt demise
Paul Farhi / Washington Post:
WaPo promotes Cameron Burr to senior managing editor and gives the chief product officer title to Kat Downs Mulder, currently managing editor for digital
Edward Ongweso Jr / VICE:
Facebook posts an odd thread attacking 30+ unnamed journalists “finishing up a coordinated series of articles based on thousands of pages of leaked documents”