Top News:
Lisa Richwine / Reuters:
The much-hyped “Barbenheimer” opening weekend netted $155M for Barbie and $80.5M for Oppenheimer, for $300M in total in the US and Canada for just the 4th time — The much-hyped “Barbenheimer” box office battle over the weekend proved to be a win for movie theaters that needed to add some sizzle to their summer.
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Ivan Mehta / TechCrunch:
Twitter rolls out its updated “interim” X logo, replacing the iconic bird, following Elon Musk's weekend announcement; X.com now redirects to twitter.com — Twitter has removed the iconic bird logo and adopted ‘X’ as its official logo. This move comes after Elon Musk announced the change over the weekend.
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Jon Porter / The Verge:
Spotify confirms raising US Premium to $10.99/month, up from $9.99, the first increase since its US launch in 2011; Duo rises by $2, Family and Student by $1 — After 12 years, the price of Spotify Premium is increasing in the US. The subscription will now cost $10.99 a month, the company announced today.
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Todd Spangler / Variety:
Netflix rolls out a My Netflix tab on iOS, superseding the Downloads tab to offer downloads, watch lists, reminders, and more; Android gets My Netflix in August — Netflix has rolled out a new feature designed to — what else? — get you to stream as much as possible on the service.
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Aisha Malik / TechCrunch:
TikTok rolls out support for text posts, available via the app's Camera page and letting users add sounds, locations, stickers, and more — As Twitter shoots itself in the foot with a rebrand this morning, TikTok has announced that it's rolling out support for text posts.
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Jean Yamamura / The Santa Barbara Independent:
The Santa Barbara News-Press, which has published a paper since 1868 and received a Pulitzer, ceases publication and files for a Chapter 7 bankruptcy — Publisher Ampersand Claims Few Assets and Many Creditors — More than 150 years of history ended on Friday when the Santa Barbara News …
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David Folkenflik / NPR:
NPR names Edith Chapin as its SVP for news and editor-in-chief; she's been serving in the position on an acting basis since fall 2022, after joining NPR in 2012 — NPR has moved to shore up its leadership at a time of significant transition, naming veteran news leader Edith Chapin …
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Inside Radio, Current, @isalara, @davidfolkenflik, @elbordeaux, @vivian, @greenfield64 and The Wrap
Catherine Perloff / Adweek:
Mailchimp owner Intuit is launching SMB MediaLabs, which lets advertisers target QuickBooks' 7.1M customers on social media, online publishers, CTV, and more — Targeting QuickBooks' customers across digital media is a promising new revenue line — Financial services giant Intuit …
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Intuit SMB MediaLabs, @lefterisjp, @catherineperlo1, @johnathanbarnes and @sean_kaushal
New York Times:
Sources: Altice USA is exploring a sale and other strategic options for Cheddar News; Altice USA acquired the streaming news network for $200M in 2019 — Rebranding the social network as X marks the billionaire's latest gamble to reinvent the company, after buying it last year for $44 billion.
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Sports Business Journal:
Sources: MLS Season Pass is nearing 1M subs including season-ticket holders; team execs say they are frustrated due to lack of transparency in viewership stats — Apple's Eddy Cue began speaking to a room filled with MLS owners and executives last week in Washington, D.C. …
Brian Merchant / Los Angeles Times:
Studio executives embraced Silicon Valley's magical thinking of hypergrowth and disruption for the past 10 years, only to slash worker pay as the boom times end — In one respect, the actors and writers of Hollywood uniting on the picket lines in a historic, industry-shaking strike is a tale as old as time …
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Mark Stenberg / Adweek:
Court docs reveal Vice's financial struggles and fundraising history; Vice held $834M in debt in May 2023, raising $1.3B+ in debt and equity funding since 2017 — New documents reveal a yearslong slide into increasing financial desperation — The digital media company Vice filed …
Vidya Krishnan / Nieman Reports:
A look at NDTV, India's last mainstream TV network willing to critically cover the Modi government, as Adani Group's NDTV takeover leaves few independent voices — The hostile takeover of NDTV — one of India's last channels willing to report critically on the Modi government …
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Columbia Journalism Review