Top News:
Wall Street Journal:
Nexstar reaches a multiyear deal to broadcast the Saudi-backed LIV Golf tour on The CW Network; so far, LIV events have been available online free — Partnership will determine the Saudi-funded golf tour's financial viability — LIV Golf, the controversial Saudi-funded golf tour that launched …
Financial Times:
Patreon, Substack, and other “passion economy” startups are laying off staff and abandoning fundraising plans; Dealroom: investment fell 75% to $801M in 2022 — Once high-flying start-ups that serve online creators and influencers have been forced into a painful retrenchment …
Sarah Perez / TechCrunch:
Wikimedia launches an updated Wikipedia design, including improved search and accessibility, a refreshed table of contents, and easier language switching — Wikipedia, one of the world's top 10 most visited websites, and a resource used by billions every month, is getting its first makeover on the desktop in over a decade.
Discussion:
Wikimedia Foundation, Fast Company, OnlyTech and The Indian Express, more at Techmeme »
Jeremy Fuster / The Wrap:
FilmLA: Los Angeles film, TV, and commercial shooting days fell 19.5% from Q4 2021 to Q4 2022; commercials for the year were 24.5% below their five-year average — The newest quarterly report on Los Angeles on-location shooting from FilmLA shows a sharp downturn in shoot days in the final quarter of 2022 …
Discussion:
Variety, FilmLA, Los Angeles Times, Deadline and The Hollywood Reporter
Wall Street Journal:
Antenna: Amazon's music subscription market share fell from 21% in January 2022 to 17% in November 2022, when it introduced restrictions to listening on demand — Bigger song catalog brings less choice for some; ‘a lot of cussing’ — Dustin Bingham loves to play music when he cooks.
Discussion:
@shiraovide and @sebasaherrera
Rich Johnston / Bleeding Cool:
Amazon's layoffs are heavily impacting digital comic book publisher and distributor ComiXology, acquired in 2014, with reports of up to 50% of staff leaving — ComiXology staffers are reporting widescale redundancies today across the digital comics publisher and distributor, as well as its parent company, Amazon.
Discussion:
@uzionmain, @stuartmwilke, @robertsecundus, @henereyg, @johnnystorm0, @bclevinger, @cocktailsandink, @jrome58, @chasemagnett, @stonemtn, @cocktailsandink, @popversesays, CBR, @zackdavisson and @jongraywb
Erin Woo / The Information:
Source: Twitter's Q4 2022 revenue fell ~35% YoY to $1.025B, 72% of its Q4 goal; the company hopes to generate $732M in Q1 2023, which would be down 39% YoY — Twitter's fourth quarter revenue fell about 35% year over year to $1.025 billion, a top ad executive revealed at a staff meeting Wednesday …
Discussion:
Engadget, @ianvisits, @charlesarthur, @awprokop, @amir, @yoda, @erinkwoo, @lauramandaro, @mvpeers, Insider, New York Post and Fortune, more at Techmeme »
RELATED:
Erin Woo / The Information:
Source: Twitter engineering manager Siddharth Rao told employees that daily revenue was 40% lower YoY and 500+ of the company's top advertisers paused spending
Discussion:
Adweek, @anthony, The Guardian, @emilygorcenski, @lessin, @seth_hettena, @bgrueskin, @adrianweckler, @jessicalessin, @carnage4life, @amir, New York Post, @zoeschiffer, @jsphctrl, Fortune, @lloydmathias, @erinkwoo, Financial Times, The Wrap, Observer and Reuters
Lauren Thomas / Wall Street Journal:
CoinDesk retains investment bankers at Lazard to help the outlet explore options including a partial or full sale after “numerous” indications of interest — The company has ‘received numerous inbound indications of interest,’ CEO Kevin Worth said. — 1x
Discussion:
Insider, @wublockchain, Cointelegraph, @ap_abacus, MediaPost, Talking Biz News and The Block, more at Techmeme »
Jake Kanter / Deadline:
The BBC's US head of digital journalism, Saeed Ahmed, quits after four months, raising concerns about the BBC's international and domestic news channels merger — EXCLUSIVE: The BBC's head of digital journalism has quit after just four months, prompting further anxiety about the UK broadcaster's plans …
Discussion:
@jake_kanter
Zoe Samios / Sydney Morning Herald:
The Age in Melbourne, Australia, appoints news director Patrick Elligett as its editor, replacing Gay Alcorn, who stepped down in December 2022 after two years — The Age has appointed news director Patrick Elligett as its new editor. — Elligett joined the masthead in 2019 and replaces Gay Alcorn …
Discussion:
@billisdoing, @kristian_silva, @mediaanalystoz, @dalehof1234, @jacklong17, @brucerguthrie, @docavvers, Mediaweek and Mumbrella
Andy Maxwell / TorrentFreak:
The European Commission invites stakeholders to share experiences and potential solutions under existing laws to combat piracy of live events via IPTV services — Rightsholders involved in the creation and broadcasting of live events say their businesses face a persistent threat from unlicensed and illegal competition.
Jeremy Fuster / The Wrap:
Avatar: The Way of Water hits $1.92B at the global box office, passing Spider-Man: No Way Home for the No. 6 all-time spot; China's audiences contributed $217M — Disney/20th Century's “Avatar: The Way of Water” is now the highest grossing film of the post-shutdown era with $1.92 billion …
Discussion:
Screen Rant, Insider and Deadline
Chavi Mehta / Reuters:
Spotify, Deezer, Proton, and others write to Margrethe Vestager, demanding the European Commission take action against Apple's “unfair practices”, like IAP fees — Music streaming service Spotify Technology (SPOT.N), along with other media firms such as Deezer …
Discussion:
Light Reading, Spotify, @spotifynews, @chrismessina, The Information, The Platform Law Blog, Thurrott, MarketWatch, The Verge and 9to5Mac, more at Techmeme »
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