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6:10 PM ET, August 3, 2023

Mediagazer

 Top News: 
Jennifer Maas / Variety:
WBD CFO says the company has saved more than $100M due to strikes and that “our modeling assumes a return to work date in early September”  —  Warner Bros. Discovery execs reported the Hollywood writers and actors' ongoing work stoppage had brought the company savings in the …
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Eileen AJ Connelly / The Wrap:
Though WBD's streaming unit posted a Q2 loss, content licensing revenue rose to $410M from $132M in Q2 2022; David Zaslav says WBD will seek co-exclusive deals
Discussion: Financial Times
Wall Street Journal:
WBD reports Q2 revenue down 4% YoY to $10.36B and a $1.2B net loss, up from $3.42B in Q2 2022; the company paid down $1.6B debt in Q2, leaving $47.8B remaining
Georg Szalai / Hollywood Reporter:
Warner Bros. Discovery reports 95.8M streaming subscribers in June, down from 97.6M in March, and a Q2 streaming loss of $3M, less than its Q2 2022 $558M loss
Todd Spangler / Variety:
Apple reports Q3 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 8.2% YoY to a record $21.2B, driven by 1B+ paid subscriptions  —  Apple delivered solid financial results for the June 2023 quarter that beat Wall Street estimates, even as top-line revenue dipped 1.4% on lower-than-expected iPhone sales.
Annie Palmer / CNBC:
Amazon Q2: ad revenue up 22% YoY to $10.68B, vs. $10.4B est., subscription revenue up 14% YoY to $9.89B, and North America segment sales up 11% YoY to $82.5B  —  - Amazon beat on the top and bottom lines for the second quarter.  —  Amazon said second-quarter revenue climbed 11% …
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Jim Waterson / The Guardian:
MailOnline suspends Dan Wootton from writing his twice-weekly column; he continues to present a nightly primetime show on GB News  —  Journalist denies claims he used pseudonym to secretly offer colleagues tens of thousands of pounds for sexual material  —  Dan Wootton has been suspended …
Shubham Kalia / Reuters:
Agence France-Presse sues X in Paris for refusing to discuss potential content distribution payments under a 2019 law; Elon Musk calls the lawsuit “bizarre”  —  said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter …
Shirley Zhao / Bloomberg:
A look at Hong Kong-based streaming service Viu's plans for expansion in Asia and its current and potential future collaborations with Canal+  —  - Recent deal with Canal+ set to bolster presence across region  — Major streaming platform targets more local language content
Martyn Ziegler / The Times:
A look at Premier League soccer's fight against piracy as illegal live streams in the UK decline, with 600K+ blocked last season, and use of IPTV devices rises  —  With broadcasters losing billions of pounds a year to tech-savvy criminal networks, new weapons are needed in the war against an “industry killer”
Discussion: @martynziegler
Oliver Darcy / CNN:
A US federal judge rules Catherine Herridge must participate in a deposition regarding the identity of confidential source(s) for her Fox News stories in 2017  —  A federal judge handed down a rare and alarming court decision this week that could have significant implications for the free press in America.
Mia Sato / The Verge:
Patreon temporarily disables Payoneer payments after some creators were unable to access their earnings and some banks flagged subscriber payments as fraudulent  —  Two simultaneous issues with payments on Patreon are causing problems for both creators and fans.
Amanda Silberling / TechCrunch:
Triller files for a NYSE IPO after scrapping a $5B SPAC merger in 2021 and a direct listing in 2022; Triller had $47.7M in revenue and a $195.6M loss in 2022  —  Triller has long teased its ambitions to go public, and now, the short form video platform seems to on its way to an IPO.
 
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 More News: 
Max Goldbart / Deadline:
Hasbro confirms the sale of Entertainment One, or eOne, to Lionsgate for $500M after buying the studio in 2019 for $4B, and will retain the Family Brands unit
Brooks Barnes / New York Times:
The SAG-AFTRA Foundation says Meryl Streep and George Clooney helped lead a donation campaign that raised $15M+ in three weeks; eight other stars gave $1M+ each
Amanda Marcotte / Salon:
Some experts say trolls who built businesses and media careers on Twitter have had to escalate their shock value tactics as “normal people” continue to leave
Michael Geist:
As Meta blocks news links and sharing on Facebook and Instagram in Canada, a look at how Bill C-18 could cause millions in losses for the country's media sector
 Earlier Picks: 
Daniel Thomas / Financial Times:
Ofcom: UK broadcast TV weekly audience reach fell to 79% in 2022 vs. 83% in 2021; 66% of UK households were using an SVOD service in Q1 2023 vs. 68% in Q1 2022
Robin Wigglesworth / Financial Times:
Study: the financial information industry generated $37.3B in revenue in 2022, with Bloomberg and Refinitiv accounting for about two-thirds of the total
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Joseph Menn / Washington Post:
A US judge finds NSO Group liable for exploiting a bug in WhatsApp to spy on 1,400 users and that WhatsApp is entitled to sanctions against NSO

Deepa Seetharaman / Wall Street Journal:
Sources: OpenAI's GPT-5, codenamed Orion, is behind schedule and faces technical hurdles, including high computing costs and limited high-quality training data
 
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