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12:10 PM ET, August 11, 2022

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 Top News: 
Todd Spangler / Variety:
While Disney now has more streaming subscribers than Netflix, its ARPU is much lower: in Q2, its US ARPU was $6.27/month, compared to Netflix's $15.95/month  —  But the value of those subscriber bases is much different.  —  Domestically, for example, Disney+ generated about 39% …
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Todd Spangler / Variety:
Disney announces Disney+ Basic, its ads tier for $7.99 per month, launching in the US on December 8, and raises the ad-free price from $7.99 to $10.99 per month  —  Disney has set pricing and date for the U.S. launch of the version of Disney+ with ads, while also hiking the monthly price of the Disney+ tier with no ads.
Aisha Malik / TechCrunch:
Disney hit 221.1M global streaming subscribers in Q3, surpassing Netflix's 220.7M in Q3; Disney+ had 152.1M subscribers, Hulu had 46.2M, and ESPN+ had 22.8M  —  The Walt Disney Company reported on Wednesday that total Disney+ subscriptions rose to 152.1 million during the company's third-quarter, posting better-than-expected results.
Sarah Whitten / CNBC:
Disney beats with Q3 revenue up 26% YoY to $21.5B, vs. $20.96B est., 14.4M new Disney+ subscribers, and 221M total streaming subscribers  —  - Analysts anticipate the company added around 10 million new Disney+ subscribers during the period between April and June, bringing the total number of users to 147 million.
Sara Guaglione / Digiday:
Fortune, Bloomberg, Forbes, Gizmodo, and Money are growing dedicated blockchain and crypto teams, even amid a bear market, to better explain the tech to readers  —  The week the cryptocurrency market crashed in mid-June, Fortune sent Jeff Roberts an offer to become its crypto editor and oversee building a team of reporters.
Discussion: @jeffjohnroberts
Rasha Al Aqeedi / New Lines Magazine:
Veteran Iraqi actress Enas Taleb plans to sue The Economist for using her picture as an example of “fat” women in the Arab world in a July 28 story  —  The British newspaper ran a story about the epidemic of obesity among Arab women and used the photo of Enas Taleb to illustrate the phenomenon
Eric Mandel / Atlanta Business Journal:
Mailchimp co-founder and CEO Ben Chestnut plans to step down after 21 years and transition to a founder-advisor role; Intuit's Rania Succar will take over  —  Managing Editor, Atlanta Business Chronicle  —  See Correction/Clarification at end of article  —  Ben Chestnut is stepping …
Scott Roxborough / The Hollywood Reporter:
Paramount+ is launching in Italy on September 15, in Germany and France in the coming months, and in “all major European markets” by the end of the year  —  The Italian launch for Paramount's streaming platform will be quickly followed by bows in Germany and France later this year.
Kristin Robinson / Billboard:
Docs and sources detail how two men in Phoenix, Arizona ran one of the largest known YouTube music royalty scams, leading to a wire fraud indictment and more  —  Inside the brazen but surprisingly simple scheme that took royalties from songs by artists like Daddy Yankee, Anuel AA, Julio Iglesias and more.
Bloomberg:
Sources: Apple signed a Futuro Studios deal to fund podcast development and production in exchange for the first look to turn any podcast into a film or TV show  —  Apple Inc., stepping up its spending on original podcasts, signed an agreement with a Pulitzer Prize-winning studio …
 
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 More News: 
Bassem Mroue / Associated Press:
Biden marks the 10th anniversary of journalist Austin Tice's abduction by calling on Syria's government to work with the US “so that we can bring Austin home”
Jack Stebbins / CNBC:
SEC filing: the WWE discloses $5M in payments made by former CEO Vince McMahon, in addition to the previously disclosed $14.6M, and delays its earnings report
Caitlin Huston / The Hollywood Reporter:
IAC explains its decision to end print editions of InStyle, Health, and others, saying print is now “a luxury good” for some brands like Better Homes & Gardens
 Earlier Picks: 
Mark Stenberg / Adweek:
Satirical feminist site Reductress announces it has been acquired by Phenomenal Media, a media company focused on women and historically excluded communities
Scott Feinberg / The Hollywood Reporter:
Sources: the Golden Globe Awards will return to NBC in 2023; the ceremony did not air in 2022 after the HFPA was criticized for its lack of diversity and ethics
Oliver Darcy / CNN:
Memo: The Washington Post media critic Margaret Sullivan is retiring her column at the end of August 2022 and will join Duke University as a visiting professor