Top News:
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 9% YoY to $7.97B, vs $8.04B est., and a 970K subscriber loss vs an estimated 2M subscriber loss; stock jumps 5%+ after hours — Netflix shares jumped 6% after the company said it lost fewer subscribers than anticipated during the second quarter.
Discussion:
Netflix, Variety, Forbes, The Streamable, Axios, TechRadar, New York Post, Fortune, Deadline, @klendathucap, @carnage4life, @joshuaogundu, Wall Street Journal, @cnbcovertime, @laurengoode, @lesliejosephs, @lesliepicker, @shruti_shekar, @variety, @lucas_shaw and @lucas_shaw, more at Techmeme »
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Todd Spangler / Variety:
Netflix says it is acquiring Australian animation studio Animal Logic using cash on hand for an undisclosed amount; Animal Logic has about 800 employees — Netflix is acquiring Australian animation studio Animal Logic, which is producing films for the streamer including “The Magician's Elephant …
Discussion:
The Wrap, Axios, Deadline, Reuters, @crecenteb and The Hollywood Reporter
Wall Street Journal:
Memo to staff: Meta is reallocating resources from Facebook's News tab and newsletter platform Bulletin, as the company focuses more on the creator economy — Senior executive tells employees that News tab and Bulletin newsletter platform will be ‘put on the backburner’
Discussion:
The Hill, @keachhagey, @asharma, Social Media Today, @revkin, @nicholasvinocur, @johnghendy, @alexrkonrad, @charlesornstein, @jamesrbuk, @robpegoraro, @bgrueskin, @jimwaterson, @walthickey, @tim_bays, @jaycodon, @froomkin, @bendreyfuss, @caseynewton, @bgrueskin and @nbashaw, more at Techmeme »
Sara Fischer / Axios:
UK events and publishing company Informa buys Industry Dive, a US business newsletter publisher, for $389M in cash and up to $525M depending on performance — Industry Dive, a Washington, D.C.-based business media company, has signed an agreement to be acquired by Informa …
Brian Steinberg / Variety:
NBC's Today show launches its first digital cover story, a look at creator Issa Rae, as it aims to attract fans of lifestyle publications like People and Vogue — The people who oversee “Today” want to lure new audiences from a decidedly different competitor set.
Tatiana Siegel / Rolling Stone:
The aggressive push to release Zack Snyder's Justice League was fueled by fake accounts, comprising at least 13% of users campaigning, above the typical 3%-5% — A WarnerMedia report reveals that bots and other inauthentic users bolstered the fan-led campaign for director Zack Snyder's Justice League do-over
Discussion:
SlashFilm, The Verge, @noahshachtman, Gizmodo, CBR, Vanity Fair, @alisontheperson, UPROXX, @cmonstah, @josephwulfsohn, @jessehawken, Bleeding Cool, @brendengallager, @rocco_castoro, @michaeltoole, @rickyrawls, @gossithedog, The Playlist, @dramaticdevil, @papapishu, Forbes, Insider, @jessehawken, ScreenRant, @thediscfather, Engadget, Mashable, TechRadar, The A.V. Club and CNET
Todd Spangler / Variety:
YouTube rolls out new shopping features, including a Shopify partnership to let eligible US creators and merchants link their Shopify store and YouTube channel — YouTube already soaks up billions of hours of the world's attention. Now the video giant also wants to hoover up a bigger piece of consumers' online purchases.
Sara Fischer / Axios:
Charter, an outlet that covers the future of work, raised a $3M seed round to launch a membership-based insights service for HR leaders by the end of the year — Charter, the digital media and insights company focused on the future of work, has raised a $3 million seed round to jump-start …
Discussion:
@yinkawrites, @sarafischer, @cariromm, @emgollie, @jeffjarvis, @delaney and @jessicalessin
Sara Fischer / Axios:
Bloomberg Media is planning a major international expansion starting this year; it will partner with local outlets in some markets and hire in-house in others — Bloomberg Media is planning a major expansion into localized coverage of different regions around the world, CEO Scott Havens told Axios.
Discussion:
@sarafischer
New York Times:
Dana Canedy, publisher of Simon & Schuster's flagship imprint, leaves the job after two years; Jonathan Karp will resume being publisher while serving as CEO — She was the first Black woman in the position, which she held for two years. Her hiring came amid a push for diversity in the industry.
Discussion:
Publishers Weekly
Ben Kesslen / New York Post:
The Pulitzer Prize Board rejects Trump's call to rescind the 2018 prizes it gave to The New York Times and The Washington Post for the Russian collusion story — The Pulitzer Prize Board rejected former President Donald Trump's call for it to rescind the 2018 prizes given to the New York Times …
Discussion:
CNBC, The Pulitzer Prizes, @jswatz, @cliffordlevy, @blackamazon, @juwanthewriter, @timjgraham, @joshtpm, @dangillmor, @douglasblackmon, @johnwdean, @bgrueskin, @davidjoachim, @jpederzane, @tomfitton, @jpederzane, @philiprucker, @patbagley, @jayrosen_nyu, @davidcorndc, @erikwemple, The Hill, @mzhemingway, Fox News, Breitbart, New York Times, Washington Post, Mediaite and Deadline
Ryan Barwick / Marketing Brew:
Ebiquity finds its ad clients spent ~$115M, 7.8% of combined budgets, on clickbait sites with content specifically made for ads, from January 2020 to May 2022 — This ad spend goes to “made for advertising” inventory, which uses clickbait headlines to get eyeballs.
Discussion:
The Drum, Adweek and @marketingbrew
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