Mediagazer: 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 (Dade Hayes/Deadline)

5:25 PM ET, October 13, 2022

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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.

Discussion: USA Today, Deadline, Los Angeles Times, New York Times, Fortune, @carlquintanilla, Protocol, Vox, @lucas_shaw, @pkafka, @lucas_shaw, @digitalshields, The Wrap, @sarthakgh, CNET, Flashes & Flames, TechCrunch and 9to5Mac, more at Techmeme »

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.

Discussion: TikTok, MediaPost, TechCrunch, The Verge, Fortune, Tubefilter, Ad Age, New York Post, Graming's Newsletter and AdExchanger

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

Discussion: Inside Radio, Variety, Insider, Complete Music Update, @newley, @drewharwell, Music Ally, Music Business Worldwide, @richlightshed, @brianroemmele, @benfritz, @sal19 and @brianroemmele

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 — Or the creator economy, for that matter — When we started Substack in 2017, we told people that we made it simple to start a paid subscription publication.

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

Discussion: @bendreyfuss, @annehelen, @bigmeaninternet, @mikeisaac and @annehelen

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.

Discussion: @vanessahlarson, @_cesar_munoz, @angelaislost, @marybsheridan and @dicaduran

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 …

Discussion: Forbes, @thetranscript_, @thetranscript_, @tvanswerman and @gte

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 …

Discussion: Digital TV Europe, Thanks:@matthewkeyslive

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 — Ian Katz says new show, Art Trouble, celebrates the channel's tradition of ‘iconoclasm and irreverence’

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 — Skydance Media, the Hollywood studio behind “Top Gun: Maverick,” on Thursday announced that it raised $400 million in new funding at a valuation north of $4 billion.

Discussion: Variety, The Wrap, Los Angeles Times, Deadline, @ranjanxroy, Business Wire, The Hollywood Reporter and Bloomberg

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 …

Bron Maher / Press Gazette:

An analysis of press reports shows 830 editorial job losses in the UK, the US, and Ireland in 2022, of which 89% occurred since the end of June, and 384 hires — Journalist redundancies appear to be rising in the UK, US and Ireland as publishers brace for a recession.

Discussion: @charlottetobitt, @heidilegg and @pressgazette

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.

Discussion: @nclocalnewslab, @nclocalnewslab, @ckrewson, @heres_christine and @melaniesill

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