Top News:
Rohan Goswami / CNBC:
In an interview, Linda Yaccarino says X is “close” to break-even and that advertisers including Coca-Cola and Visa have returned under her leadership — WATCH NOW — X Corp. CEO Linda Yaccarino told CNBC that she has “autonomy” under owner Elon Musk in an interview Thursday …
Discussion:
Insider, The Wrap, TechCrunch, New York Post, @oneunderscore__, @atrupar, @jyarow, @w7voa, @justinbaragona, @junlper and @librarianshipwreck …, more at Techmeme »
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Nicola Agius / Search Engine Land:
X unveils Sensitivity Settings and Enhanced Blocklist to boost brand safety and control for advertisers, rolling out over the next few weeks in the Ads Manager — The new tools give marketers more say over ad placement. — X, formerly known as Twitter, has launched two new features …
Discussion:
X for Business, Engadget, @elyanathierry, The Register, @xbusiness, MobileSyrup, @lindayax, Social Media Today, TechCrunch, Forbes and Mashable, more at Techmeme »
Hannah Murphy / Financial Times:
X CEO Linda Yaccarino reinstates the company's “client council”, an invite-only group of marketing and ad executives whose members have not yet been decided — New CEO tries to mend fences with brands after Elon Musk took over platform formerly known as Twitter
Discussion:
CNN, TechCrunch, The Wrap, Mediaite, Engadget, The Daily Beast, @lindayax, Fortune, Wired and Mashable, more at Techmeme »
Lucas Manfredi / The Wrap:
Bob Iger says “anyone who wanted to speculate about” potential Disney sale “would have to immediately consider the global regulatory environment” — “Obviously anyone who wanted to speculate about such things would have to immediately consider the global regulatory environment …
Discussion:
AppleInsider and @carlquintanilla
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Scott Mendelson / The Wrap:
Bob Iger says Disney is expecting content spending in 2023 to be $27B, about $3B lower than previously guided, in part due to the Hollywood strikes — The company had previously expected to spend $30 billion this year — Walt Disney is cutting its content budget for the year by $3 billion …
Discussion:
Hollywood Reporter, Reuters, Awful Announcing and The Hollywood Reporter
Kayla Cobb / The Wrap:
Bob Iger says cord-cutting trends are “unmistakable” and Disney is considering “a variety of strategic options” for its linear TV assets such as ABC
Discussion:
The Streamable, The Hollywood Reporter, TVNewsCheck, @zdarsky.bsky.social, The Hollywood Reporter and CNN
Todd Spangler / Variety:
Disney plans to raise US prices of Disney+ Premium, Hulu without ads, and ESPN+, and expand Disney+ ad plans to Canada and nine European countries this fall
Discussion:
Associated Press, Mashable, Gizmodo, The Verge, The Hollywood Reporter, Broadband TV News, TechCrunch, @sherman4949, @sherman4949, @sherman4949, @lucas_shaw, @lucas_shaw, New York Post, Engadget, Adweek, MediaPost, AdExchanger, Collider, CNET, Media Play News, AppleInsider, Bloomberg, Deadline, @ppatel@mstdn.social, The Streamable, Ad Age, IndieWire, CNBC, Bloomberg, TVLine, The Wrap and ET Canada, more at Techmeme »
Cynthia Littleton / Variety:
Disney reports Q3 revenue up 4% YoY to $22.3B, a $460M net loss, down from a $1.41B net income YoY, and India's Disney+ Hotstar service losing 12.5M subscribers
Discussion:
TechCrunch, Forbes, SlashFilm, CNBC, Axios, The Wrap, The Walt Disney Company and IndieWire
Katie Robertson / New York Times:
Condé Nast names Katie Drummond, Vice Media's senior VP of global news and entertainment, as Wired's global editor; Drummond will be Wired's first female editor — Ms. Drummond will be the first woman to lead the technology magazine in its 30-year history.
Discussion:
@michaelroston, @zachsdorfman, @lmatsakis, @sokane1, @kashhill.bsky.social, @kashhill and @mat
Michael Schneider / Variety:
Fox and the Television Academy push back the Emmy Awards to January 15, 2024 from September 18, 2023 in response to the ongoing WGA and SAG-AFTRA strikes — The Emmys officially have a new date: Fox and the Television Academy were set to announce this morning that the 75th Emmy Awards will shift to Monday …
Discussion:
The Wrap, The Verge, SlashFilm, IndieWire, Next TV, New York Times, New York Daily News, ComingSoon.net, The Hollywood Reporter, The A.V. Club and Media Play News
Etan Vlessing / The Hollywood Reporter:
Lionsgate delays the planned split of Lionsgate and Starz to the first quarter of 2024, citing the eOne deal, Hollywood strikes, and a “disruptive marketplace” — The Hollywood giant, led by CEO Jon Feltheimer, has pushed the timing for a spin off of its studio business …
Discussion:
The Streamable, The Wrap and Deadline
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David Hellier / Bloomberg:
Source: Saudi Pro Football League has made TV deals in 130 territories, including with Fox and DAZN, which paid ~$500K/year; 2022/23 global rights made $710K — The Saudi Pro Football League has secured a network of deals to broadcast games featuring superstars such as Cristiano Ronaldo and Karim Benzema around the world.
Patrick Coffee / Wall Street Journal:
Lyft begins serving in-app ads to riders when they match with a driver, as they wait for rides, and during their trips, and plans to add video ads later in 2023 — The ride-sharing company and its larger rival, Uber, are racing to build significant ad operations
Discussion:
Search Engine Land, Ad Age and Slate, more at Techmeme »
Georg Szalai / Hollywood Reporter:
Indian regulators approve the proposed merger between Sony India and Zee Entertainment, first unveiled in 2021, which will create a media powerhouse — The mega-deal has run into various hurdles since being unveiled in 2021. … It would bring together linear TV networks, digital businesses …
Bron Maher / Press Gazette:
BBC News and BBC Sounds launched a Discord server in late June for the Newscast podcast, letting the audience influence the news; the server has 3,700 members — It's now over a month since BBC News' flagship podcast, Newscast, launched a server on Discord.
David Folkenflik / NPR:
Former Fox exec Preston Padden has joined a small band of vocal critics urging the FCC to deny Fox's renewal of its license to operate Fox 29 in Philadelphia — Preston Padden joined the Fox broadcast network a few years after its launch and helped founder Rupert Murdoch make it viable.
Discussion:
Poynter, @edourdoo, @boulderpreston, @newscorpse, @davidfolkenflik, @boulderpreston, Columbia Journalism Review, @farhip, Washington Post and The Wrap
Alex Weprin / Hollywood Reporter:
Filing: Dave Portnoy acquired Barstool Sports for $1 from Penn Entertainment, which says it expects to record a loss of between $800M and $850M on the deal — Penn Entertainment estimates that it will take a loss of as much as $850 million on Barstool. — Just how much did Dave Portnoy pay …
Discussion:
The Ankler, Fortune, New York Post, Deadline, Awful Announcing, Sportico, The Hollywood Reporter, Variety, Bloomberg and Barrett Media
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