Top News:
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:
The Verge, Awful Announcing, Wall Street Journal, The Verge, WWE, Bloomberg, NBC 7 San Diego, Axios, TKO Group Holdings, Inc., Benzinga, Mashable, Wired, Front Office Sports, Variety, The Drum, The Information, Financial Times, NME, The A.V. Club, USA Today, @edludlow, @teamkaos1998, IGN, @tim_bays, Sportico, New York Post, @chriswelch@threads.net, The Streamable, WORLD SCREEN, The Messenger, Dexerto, Business Insider, Tubefilter, The Guardian, Ars Technica, Reuters, @conorsen, USA Today, GameSpot, Next TV, @sherman4949, @tripleh, @sarafischer, Ramiro Montiel on LinkedIn, Deadline, The Wrap, Media Play News, Deadline, CBS News, FOX8 WGHP, Polygon, Mediaite, @conorsen, USA Today, @conorsen, New York Post, Thurrott, Soap Opera Network, Awful Announcing, Amy Newton on LinkedIn, @buccocapital, iPhone in Canada Blog, @tvgrimreaper, Jared Lake on LinkedIn, @wwe, The Hollywood Reporter, Julie DeTraglia on LinkedIn, The Information, TVLine, Sportico, Engadget, Barrett Media, Jeff Jenkins on LinkedIn, @sherman4949, David Giles on LinkedIn, The Ringer, @sherman4949, @netflix, Emil Protalinski on LinkedIn, Ad Age, ComingSoon.net, Gizmodo, Cord Cutters News, T3, @ianjsilvera, New York Times, The Desk, MediaPost and Slashdot, more at Techmeme »
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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:
Business Insider, Forbes, Reuters, IndieWire, The Streamable, The Wrap, CNN, Netflix, FOX8 WGHP, NBC 7 San Diego, Financial Times, Los Angeles Times, Ad Age, Thurrott, @tvgrimreaper, @tvmojoe, Axios, @sherman4949, @lucas_shaw, @sherman4949, @lucas_shaw, Sarah Whitten on LinkedIn, @lucas_shaw and The Hollywood Reporter, more at Techmeme »
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, 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
Todd Spangler / Variety:
Netflix co-CEO Ted Sarandos says the WWE deal “fits within” its anticipated $17B spending on content in 2024 and is not a change to Netflix's sports strategy — Netflix extended its lead as the world's biggest premium video-streaming platform — pulling in a better …
Discussion:
Screen Rant, Fast Company, CNBC, The Wrap, IndieWire, The Drum, Deadline, Hollywood Reporter, @morningbrew@threads.net, @lucas_shaw, @xpangler, Business Insider, TV Insider and Media Play News
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:
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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:
Variety, Washington Post, Radio & Television …, Associated Press, Wall Street Journal, Fox News, KUSA-TV, Inside Radio, Los Angeles Times, New York Times, The Wrap, New York Daily News, New York Post, Page Six, TVLine, CBS News, CNN, @brianstelter, Bobby Lee on LinkedIn, Metro, Hollywood Life, @lanceulanoff, The Daily Beast, @jaketapper, The Hollywood Reporter, @cbssunday, @tvmojoe, @benmullin, TV Insider, @johnjharwood, The Messenger and Deadline
Katie Kilkenny / The Hollywood Reporter:
Union staffers across Condé Nast brands plan a 24-hour walkout on Jan. 23, coinciding with Oscar nominations, to protest alleged unlawful bargaining practices — More than 400 workers at Vanity Fair, Vogue, Condé Nast Entertainment, Bon Appétit and other brands are walking …
Discussion:
Variety, @bootsriley, @condeunion, The Guardian, WWD, Us Weekly, Axios, nyguild.org, CNN, @jamesfactora, The NewsGuild, @alexbruell, The Daily Beast, The Messenger, @condeunion, @erik_hayden, @katiekilkenny7, bookforum.com, Variety and The Wrap
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, @pressgazette, The Department for Digital, Culture, Media & Sport 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, @philpem@digipres.club, @mattlcapon and @joshi
Amanda Silberling / TechCrunch:
MrBeast's first video on X earns $263K+ in ad revenue in one week, but he calls it a “facade” as he thinks advertisers bought ads after noticing its popularity — MrBeast made over $263,000 in ad revenue from posting his latest video on X, but the YouTube icon says he thinks this number is “a bit of a facade.”
Discussion:
Observer, The Verge, CNN, @mrbeast, @mrbeast, @couragejd, New York Post, Fortune, Dexerto, @mattbinder, iPhone in Canada Blog, @vaushv, @stats_feed, Business Insider, CNBC, @greg16676935420, @edzitron, NBC News, @zacksjerryrig, Mashable, NDTV, BBC, Business Insider, The US Sun, Forbes, Sky News, Wccftech, @billym2k, @timthetatman, Times of India, Business Insider, Techdirt and The Messenger
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The 19th:
The 19th launches The 19th News Network, a group of national, regional, and local publishers who'll be able to republish, collaborate, share resources, and more — The new collective will elevate the work of partner publishers while also establishing more pathways for collaboration across organizations.
Bill Donahue / Billboard:
A trial to determine whether a tattoo artist violated copyright law when she inked a photo of Miles Davis begins Tuesday, a case impacted by SCOTUS' Warhol case — A jury is set to decided whether celebrity tattoo artist Kat Von D infringed intellectual property by using a copyrighted photo of Davis as the basis for a tattoo.
Discussion:
Copyright Lately
Max Tani / @maxwelltani:
Memo: Time CEO announces cuts across several departments and says the company has “diligently reduced” expenses but “there is still more work to be done” — Memo to staff from Time magazine CEO Jess Sibley announcing the cuts, saying the company has “diligently reduced our expenses” but “there is still more work to be done.” [image]
Discussion:
@jyarow, @therealers, @paigelav, @kbode@threads.net, @scottnover and @samro
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