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12:20 AM ET, October 14, 2022


 Top News: 
Charles Pulliam-Moore / The Verge:
Netflix says Basic with Ads will cost $6.99/month in the US and debut on November 3 in 12 countries, offering most titles, at up to 720p, and without downloads  —  Starting in November, Netflix will finally roll out its new ad-supported tier for just a few bucks a month …
Lucas Shaw / Bloomberg:
How Netflix plans to fight slowing growth, including via an ad-supported tier; Netflix accounts for ~8% of all TV viewership in the US, the most of any network  —  Around noon on Wednesday, March 16, hundreds of Netflix Inc. employees gathered on the second floor of the Anaheim Hilton Hotel expecting to hear good news.
Max Read / Read Max:
Ex-Gawker EIC Max Read reviews his Substack newsletter after a year, with no Twitter presence: 13,185 subscribers, 926 paying, and a $50K annualized revenue  —  Greetings from Read Max HQ!  Next week, this newsletter turns one year old.  For the sake of commemorating the milestone …
Hamish McKenzie / On Substack:
Instead of other newsletter platforms, Substack should be compared to services giving creators direct relationships with fans, like Shopify, Twitch, and Patreon
David Bauder / Associated Press:
NBC reporter Dasha Burns draws criticism for saying Pennsylvania Senate candidate John Fetterman was bad at small talk when his closed-captioning device was off  —  An NBC News correspondent who interviewed Pennsylvania Senate candidate John Fetterman says an on-air remark …
Dade Hayes / Deadline:
TikTok announces Showtimes, an ad format that lets movie studios post full trailers as well as direct users to local theater information and ticketing partners  —  TikTok is kicking off its annual product event with a set of announcements, including a feature aimed at studio movie marketers called Showtimes on TikTok.
Wall Street Journal:
Sources: ByteDance plans to expand its Resso music streaming service globally, starting with over a dozen markets excluding the US, and integrate it into TikTok
Terrence McCoy / Washington Post:
How negligence by Bolsonaro's government may have enabled the murder of UK journalist Dom Phillips in Brazil, including by letting poachers thrive in the Amazon  —  My friend Dom Phillips and activist Bruno Pereira were shot dead in the Amazon.  I traveled deep into the forest to find out why.
Matthew Keys / The Desk:
AMC Networks expands AMC+ to Spain, South Korea, and India, and says the company has nearly 11M global paying customers, on track to hit 20M to 25M by 2025  —  AMC Networks has rolled out localized versions of its subscription streaming service AMC Plus to a handful of countries in Europe and Asia …
Todd Spangler / Variety:
MoffettNathanson: Netflix released a record 1,026 original TV episodes in Q3 2022, compared to Prime Video's 223, Hulu's 194, Disney+'s 140, and WBD's 114  —  Netflix has taken peak TV to a new peak.  —  In a data point sure to fuel more quantity-versus-quality debate …
North Carolina Local News Lab Fund:
The North Carolina Local News Lab Fund announces a $1.05M gift from the Kate B. Reynolds Charitable Trust; most of the funds will go to general operating grants  —  Transformational gift positions the NC Local News Lab Fund to scale its impact and investments in an accessible news and information ecosystem in North Carolina.
Foo Yun Chee / Reuters:
Sources: the EU could file antitrust charges against Google over its ad business in early 2023, putting the company at risk of its fourth €1B+ fine  —  Alphabet (GOOGL.O) unit Google could face antitrust charges next year over its digital advertising business, with EU regulators frustrated …
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 More News: 
Dan Primack / Axios:
Skydance Media, the studio behind the Mission Impossible, Jack Reacher, and Terminator films, raised $400M led by KKR at a $4B+ valuation
Mike Masnick / Techdirt:
The US DOJ's filing opposing Jason Leopold's fee request for a FOIA lawsuit includes petty personal attacks on a journalist using a law for its intended purpose
Jim Waterson / The Guardian:
The UK's Channel 4 buys artworks by Adolf Hitler, Pablo Picasso, and others, planning to let a studio audience decide if comedian Jimmy Carr should destroy them
Chris Sutcliffe / The Drum:
World Federation of Advertisers and Ebiquity study: 29% of the world's biggest advertisers aim to cut spending in 2023 and 40% aim to maintain marketing budgets
Discussion: Fortune
 Earlier Picks: 
Tariq Panja / New York Times:
Spain's soccer league La Liga secures a court order to freeze millions of dollars in Qatar-owned beIN Media Group assets over unpaid broadcast-rights payments
Peter White / Deadline:
Warner Bros. Discovery partly reverses course and plans to move its Directors' Workshop and Writers' Workshop from Warner Bros. Television to its DEI division
Jack Queen / Reuters:
A Connecticut jury awards $965M+ in damages to Sandy Hook families of children and staff members in the second defamation trial against Alex Jones and Infowars

From Techmeme:

Made by Google on YouTube:
Livestream of the Made by Google 2023 event

Nikhilesh De / CoinDesk:
A US judge rejects the SEC's motion to file an interlocutory appeal against July 2023's Ripple ruling and sets an April 2024 trial date to resolve other issues

The Information:
Sources: Anthropic is in talks to raise $2B+ from Google and others, at a $20B to $30B valuation, and projects generating $200M in revenue by the end of 2023

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