Top News:
Casey Newton / Platformer:
Instagram co-founders Kevin Systrom and Mike Krieger launch a waitlist for Artifact, an app with a personalized news feed that will let users discuss articles — EXCLUSIVE: Meet Artifact, a kind of TikTok for text — Kevin Systrom and Mike Krieger are back.
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TechCrunch, @caseynewton, The Information, @jacobfeldman4, @richontech, @rebexxxxa, @harrymccracken, @jessicalessin, @obrien, @rafat, @fiene, @platformer, @larakate and @lmatsakis, more at Techmeme »
Anna Nicolaou / Financial Times:
Spotify reports Q4 revenue up 18% YoY to €3.2B and a €270M loss, up from €39M YoY, as operating costs rose 44% YoY, and adds 10M paying subscribers to hit 205M — Music streaming group adds subscribers but is hit by rise in operating expenses
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Spotify, The Hollywood Reporter, Observer, CNBC, Variety, @lucas_shaw, The Verge, Spotify and @carnage4life, more at Techmeme »
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Sarah Perez / TechCrunch:
Spotify has deployed Google's User Choice Billing in 140 markets globally, to reduce Play Store commissions; details on how much it is saving are confidential — In its fourth-quarter earnings, Spotify announced today its User Choice Billing program has now expanded to more than 140 markets worldwide …
Discussion:
MediaNama
Leonard Downie Jr / Washington Post:
In interviews with 75+ journalists and media experts, a Washington Post ex-executive editor finds that newsrooms that move beyond “objectivity” can build trust — Leonard Downie Jr., a former executive editor of The Washington Post, is a professor at the Walter Cronkite School …
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Nieman Lab, @ewerickson, @monikabauerlein, @sulliview, @allynwest, @conncarroll, @nicolevap, @tiagodf, @garrenshipley, @brithume, @dianacialino, @karlbode, @wesleylowery, @arifleischer, @jeffjarvis, @m_older, @jamesfallows, @lucasgrindley, @chrisgeidner, @_greatdelusion, @froomkin and @washingtonpost
Matt Tamanini / The Streamable:
Paramount Global plans to merge its Showtime streaming service with Paramount+'s ad-free tier later in 2023 and call the new offering Paramount+ with SHOWTIME — It's been a long time coming, but later this year, Paramount Global will finally fully integrate the streaming arm …
Discussion:
Axios, The Hollywood Reporter, Deadline, New York Times, Fortune, CNBC, @oliverdarcy, IGN, @judysquirrels, TrekMovie.com, @mattbelloni, Broadband TV News, @raventbrunner, @vanthebrand, @loudmouthjulia, @harrymccracken, @pkafka, The Verge, The Desk, @samontv, WORLD SCREEN, @ferniecommaalex, @carnage4life, @loudmouthjulia, @alexweprin, @kirkwrites79, CNN, Variety, Collider, IndieWire, Media Play News, The A.V. Club, MediaPost, SlashFilm, The Information, The Playlist, Screen Rant, TVLine, The Wrap, Adweek, Ad Age and TechCrunch, more at Techmeme »
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Lesley Goldberg / The Hollywood Reporter:
Sources: Showtime has pulled short-lived shows from its streaming service, including American Gigolo, and is expected to let rights holders shop their series
Discussion:
Deadline, Next TV, Variety, The Streamable, @robowentv, @majacobs, @benttravers, @snoodit, @thr, @willthelandman, @deggans, @walthickey, The A.V. Club, TVLine, Gizmodo, Collider and IndieWire
Hannah Murphy / Financial Times:
Sources detail Twitter's nascent moves to facilitate payments, a key to becoming a “super app”, as the company files for regulatory licenses across the US — Company has started applying for US state licences in bid for fresh revenues beyond advertising
Discussion:
Insider, Fortune, @rakeshlobster, @financialtimes, The Indian Express, @digiphile, SiliconANGLE and Social Media Today
Jeffrey A. Trachtenberg / Wall Street Journal:
Penguin Random House CEO Madeline McIntosh is stepping down after four years, making her the third senior executive to leave PRH in the last two months — Madeline McIntosh is third top executive to leave company in past two months — Madeline McIntosh said she is stepping down as chief executive …
Discussion:
Publishers Weekly, Observer, New York Times, @sarahburnes and The Bookseller
Corbin Bolies / The Daily Beast:
Sources detail the collapse of Insider's Washington DC bureau, launched in March 2020: steady staff exits and its head fired days before the 2022 US midterms — Back in 2020, Insider hyped a brand-new Beltway team aiming for impactful scoops. Three years later, that team has all but collapsed.
Discussion:
Talking Biz News, The Rebooting, @thedailybeast, @daisandconfused, @jeremymbarr and @corbinbolies
Anne Kauranen / Reuters:
Finnish, Norwegian, Danish, and Icelandic unions quit the IFJ, accusing the union of undemocratic practices, unethical finances, and other “corruptive activity” — Finnish, Norwegian, Danish and Icelandic unions will quit a global media federation on Tuesday in protest at …
Wall Street Journal:
If the US wins its antitrust Google case, a spinoff is more likely than a sale, valuing the ad businesses at tens of billions and giving advertisers more choice — If government prevails, an asset spinoff is thought to be more likely than a sale — Google spent the better part …
Discussion:
@repjayapal, @davemorgannyc, @sosayslucia, @rr_edmonds, @matthewstoller and Gizmodo
Kristin Robinson / Billboard:
How Rick Astley's lawsuit against Yung Gravy may affect interpolation, a technique that avoids the costly and lengthy process of getting rights to music samples — Re-recording classic tracks has become more common for financial and creative reasons, but the “Betty (Get Money)” case may give producers pause.
Discussion:
Boing Boing
David Satin / The Streamable:
NBCU source confirms Peacock has stopped offering its free tier to new subscribers, though it remains available to existing subscribers — Peacock will no longer offer their free tier for new subscribers, The Streamable has confirmed. Instead, new users who attempt to sign …
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