Discovery reports Q1 revenue rose 13% YoY to $3.16B, net income available to Warner Bros. Discovery hit $456M, and Discovery+ gained 2M subscribers to reach 24M
Mediagazer presents the day's must-read media news on a single page.
The media business is in tumult: from the production side to the distribution side, new technologies are upending the industry. Keeping up with these changes is time-consuming, as essential media coverage is scattered across numerous web sites at any given moment.
Mediagazer simplifies this task by organizing the key coverage in one place. We've combined sophisticated automated aggregation technologies with direct editorial input from knowledgeable human editors to present the one indispensable narrative of an industry in transition.
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Richard Lawler / The Verge:
Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November
Binance Smart Chain suspends transactions due to a bridge exploit, estimating that $100M to $110M in assets were moved off chain, of which $7M has been frozen
Alex Heath / The Verge:
Internal memo: Meta's VP of Metaverse says Horizon Worlds is suffering from too many quality issues and even the team building the app isn't using it very much
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