Top News:
Sarah Whitten / CNBC:
Netflix reports Q4 revenue up 12.5% YoY to $8.83B vs. $8.71B est., global paid memberships up 12.8% to 260.28M vs. 256M est., net income of $938M, up from $55M — - Netflix added 13.1 million subscribers during the fourth quarter. — The company now has 260.8 million paid subscribers.
Discussion:
Associated Press, Netflix, Business Insider, The Messenger, @sherman4949, @tvmojoe, Axios, FOX8 WGHP, Reuters, Forbes, NBC 7 San Diego, @lucas_shaw, Thurrott, @tvgrimreaper, Los Angeles Times, IndieWire, The Streamable, @sherman4949, Financial Times, @lucas_shaw, Sarah Whitten on LinkedIn, The Wrap, @lucas_shaw, CNN, The Hollywood Reporter and Ad Age, more at Techmeme »
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Emma Roth / The Verge:
Netflix says it's looking to retire its ad-free Basic plan in some countries where ad-supported plans are available, starting with Canada and the UK in Q2 — Although Netflix no longer allows new or returning members to sign up for the ad-free Basic subscription that costs $11.99 per month …
Pranav Dixit / Engadget:
Netflix says user engagement with games on its service tripled in 2023 and Grand Theft Auto has become its most successful launch to date — The company added the Grand Theft Auto trilogy to its offerings late in the year. — Netflix said that user engagement with games on the service tripled in 2023.
Discussion:
Business Insider and NBC 7 San Diego, more at Techmeme »
CNBC:
Netflix buys the exclusive rights to WWE programs like Raw, airing in 2025 in the US, Canada, Latin America, and more; filing: the 10-year deal is worth $5B+ — - Netflix and TKO Group Holdings said Tuesday that the streaming platform will air the WWE's flagship program Raw starting next year.
Discussion:
Wall Street Journal, The Verge, WWE, TKO Group Holdings, Inc., Axios, Awful Announcing, @cinesonny@threads.net, Variety, NBC 7 San Diego, The Information, Bloomberg, Benzinga, @edludlow, USA Today, @teamkaos1998, @tim_bays, Sportico, New York Post, @chriswelch@threads.net, Business Insider, Tubefilter, The Guardian, Platformer, Front Office Sports, Mashable, @conorsen, @sherman4949, @tripleh, @sarafischer, Ramiro Montiel on LinkedIn, Deadline, Mediaite, @conorsen, @conorsen, The A.V. Club, @buccocapital, @tvgrimreaper, Jared Lake on LinkedIn, The Drum, @wwe, Financial Times, Engadget, @sherman4949, The Ringer, Wired, @sherman4949, @netflix, Emil Protalinski on LinkedIn, @ianjsilvera, NME, The Messenger, New York Times, Gizmodo, Soap Opera Network, Jeff Jenkins on LinkedIn, Julie DeTraglia on LinkedIn, David Giles on LinkedIn, The Desk, iPhone in Canada Blog, USA Today, IGN, T3, Polygon, Thurrott, GameSpot, ComingSoon.net, Amy Newton on LinkedIn, The Wrap, Barrett Media, USA Today, Media Play News, Ad Age, The Information, WORLD SCREEN, The Wrap, FOX8 WGHP, CBS News, Awful Announcing, MediaPost, Cord Cutters News, Sportico, The Streamable, Dexerto, Ars Technica, Next TV, TVLine, New York Post, Reuters, Deadline, The Hollywood Reporter and Slashdot, more at Techmeme »
Peter White / Deadline:
Netflix says it's not interested in acquiring “linear assets”, and it does not believe further M&A will “materially change the competitive environment” — Netflix is often talked about a potential buyer for big Hollywood studios as the latest set of M&A rumors swirl …
Discussion:
The Wrap, Forbes, @tvgrimreaper and Bloomberg
Meg James / Los Angeles Times:
The Los Angeles Times announces it is laying off at least 115 people, or more than 20% of the newsroom, citing annual losses of $30M-$40M — The Los Angeles Times announced Tuesday that it was laying off at least 115 people — or more than 20% of the newsroom — marking …
Discussion:
Washington Post, @nickbaumann, HuffPost, @loisbeckett, New York Times, @davidfolkenflik, Daniel Melling on LinkedIn, @cmsub, The Guardian, Associated Press, @borisk, @jeongpark52, @bcmerchant, @byjackharris, @jeffbercovici, @latguild, @morgan_sung, @jbflint, LAist, @passionweiss, @josephfcox, The Wrap, @sorayamcdonald@threads.net, The Hill, Wall Street Journal, @josephfcox, @aaschapiro, @rogerwcheng, @tim_bays, @melissagomez004, @aritbenie, @bryancurtis, @cwarzel@threads.net, @emma_dumain, The Messenger, @emilybellnyc@threads.net, CNN, @noahshachtman, @mikeisaac, @jason_koebler, @lydiadepillis, @lpolgreen@threads.net, @blowryontv, Talking Biz News, @jeridansky@sfba.social, @ferniecommaalex, @alexbruell, @mcwm@threads.net, @bernstein, Variety, @fbajak, @morgan_sung, New York Post, @erinoverbey, @erinblogan, 6abc, The Daily Beast, @elex_michaelson, @laura_nelson, The Hollywood Reporter, @lucas_shaw, @buffywicks, @ivanthek, @taylorlorenz@threads.net, @justinbaragona, @kbode@threads.net, @jbflint, Reuters, @sammy_roth, @joaquincastrotx, @sagaftra, @farhip, @kalihays1@threads.net, Silicon Valley, Fox News and Poynter
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Hanaa' Tameez / Nieman Lab:
The Los Angeles Times' layoffs have hit the outlet's Latino-focused vertical De Los, which was launched in 2023, and the Washington, DC bureau — “We are not in turmoil. We have a real plan,” the paper's owner, billionaire businessman Dr. Patrick Soon-Shiong, said.
Discussion:
Talking Biz News, Awful Announcing, NBC News, @alemolina, @sarahscire, @chels_hylton, @sarahdwire, @froomkin, @ximena_bustillo, @shiramstein, @byjulialove, @jherrerx, @izzieramirez and The Wrap
CBS News:
Charles Osgood, who joined CBS News in 1971, anchored CBS Sunday Morning for 22 years, and spent decades as a radio commentator, dies at age 91 — Award-winning journalist Charles Osgood, who anchored “CBS Sunday Morning” for 22 years and was host of the long-running radio program “The Osgood File,” died Tuesday at home in New Jersey.
Discussion:
Adweek, Washington Post, Variety, NewscastStudio, KUSA-TV, @brianstelter, Page Six, TVLine, Los Angeles Times, CNN, Bobby Lee on LinkedIn, Metro, Hollywood Life, @lanceulanoff, The Daily Beast, Radio & Television …, @jaketapper, The Hollywood Reporter, Politico, New York Daily News, @cbssunday, The Wrap, Inside Radio, @tvmojoe, Steve Gosset on LinkedIn, @benmullin, TV Insider, New York Times, Wall Street Journal, @johnjharwood, New York Post, Fox News, Associated Press, The Messenger and Deadline
Aisha Malik / TechCrunch:
Google unveils a new Gemini-powered chat-based tool in Google Ads to build Search ad campaigns, out in beta to all English language advertisers in the US and UK — Google announced today that Gemini, its family of multimodal large language models, now powers the conversational experience within the Google Ads platform.
Discussion:
MediaPost, @quinnypig, @googleads, Google, Social Media Today and The Decoder, more at Techmeme »
New York Times:
In 2023, no US films ranked among the 10 highest grossing in China, which is producing more high-quality movies that resonate with domestic audiences — No American films ranked among the 10 highest grossing in China last year as viewers who once flocked to foreign blockbusters continued to disappear.
Discussion:
@thedragonfeeder
Charlotte Tobitt / Press Gazette:
Study commissioned by the UK government says the BBC does not serve as a “one-to one substitute for commercial providers in online local news provision” — Ofcom will publish annual report on BBC position in local news sector. — The BBC's online local news output does not add up to a …
Discussion:
GOV.UK, The Department for Digital, Culture, Media & Sport, @pressgazette and The Mirror
Mark Sweney / The Guardian:
At a town hall, Reach CEO says staff have to face the “inconvenient truth” over its declining sale of print titles, but shift to digital will stabilize revenue — Reach chief tells staff to face ‘inconvenient truth’ over print but says digital will stabilise profitability
Discussion:
@alicemurphypyle, @iancarterim, @stejck, @mattlcapon, @joshi and @philpem@digipres.club
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