Top News:
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B — LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow.
Discussion:
Netflix, Los Angeles Times, Light Reading, Quartz, Sarah Whitten on LinkedIn, StreamTV Insider, Thurrott, @lucas_shaw, Axios, Reuters, Variety, The Times, RTÉ, Neowin, Deadline, The Streamable, The Hollywood Reporter, AdExchanger, New York Times, Forbes, Benzinga, @carnage4life@mas.to, Deadline, Wall Street Journal, Yahoo Lifestyle, The Verge, Business Insider, Barron's Online and Bloomberg, more at Techmeme »
RELATED:
Reuters:
Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available — Netflix (NFLX.O) picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million …
Discussion:
Advanced Television, @reutersbiz, Observer, Associated Press, Forbes, Bloomberg, The Desk, The Wrap, IndieWire, Adweek, Entrepreneur, TVNewsCheck, Capital Brief and Deadline
Todd Spangler / Variety:
Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024 — Netflix is expecting to keep growing revenue at double-digit percentages in 2025. — In reporting Q3 2024 results that beat analyst forecasts …
Jason Koebler / 404 Media:
Hobbyists post the code for Redbox kiosk software online, and tinkerers have been probing how it works, sometimes repurposing abandoned machines to run Doom — The code that runs Redbox DVD rental machines has been dumped online, and, in the wake of the company's bankruptcy …
Sahil Patel / The Information:
LinkedIn woos publishers, testing a “News Banner” on its mobile app feed and a video ad program that sources say will earn Bloomberg and WSJ $2M+ each in 2024 — As Facebook owner Meta Platforms has backed away from news, Microsoft's LinkedIn has leaned into it.
Hanaa' Tameez / Nieman Lab:
A year after its launch, The Guardian's European edition generates 15% of the company's pageviews, and one-time donations from European readers increased by 45% — After the launch of Guardian Europe, one-time donations from European readers increased by 45%.
Mark K. Miller / TVNewsCheck:
Tegna and Dallas Mavericks announce that six Tegna TV stations will join eight stations owned by others to air games to ~14M people in Texas, starting Oct. 26 — Eight stations join the six owned by Tegna to create one of the largest sports franchise footprints assembled by a local broadcast group.
Matthew Keys / The Desk:
Source: Sputnik no longer broadcasts around Washington, DC, or Kansas City, MO, after the State Department imposed new sanctions on Russian-backed broadcasters — Radio stations in two markets will be dropping their affiliation with Russia-backed programming distributor Sputnik by the end of the week, The Desk has learned.
Discussion:
Voice of America, Radio & Television … and Inside Radio
Matthew Keys / The Desk:
The FCC proposed a $147K fine against Disney's ESPN after the network used Emergency Alert System tones in promotional spots in 2023; ESPN can appeal — The Federal Communications Commission (FCC) has proposed a $147,000 fine against the Walt Disney Company's ESPN after the sports network …
Discussion:
Breitbart, Front Office Sports, FCC, @fcc, RADIO ONLINE, Inside Radio, Awful Announcing, UPI, Cord Cutters News, The Register, Variety, Engadget, TVNewsCheck, Reuters, Fox News and Radio & Television …
Billy Binion / Reason:
The US Supreme Court revives the case of citizen journalist Priscilla Villarreal, who is suing Texas officials for her arrest over asking questions of police — Priscilla Villarreal's case is about whether certain reporters have more robust free speech rights than others.
Discussion:
CNN, @billybinion, @billybinion, @billybinion, @billybinion, @billybinion, @billybinion, Fox News, Associated Press, RedState, NPR, Reuters and r/Journalism
Sara Fischer / Axios:
Memo: Google will block US election ads after the polls close on November 5 to prevent misinfo about voting, including candidates prematurely claiming victory — - Google is implementing the policy “out of an abundance of caution and to limit the potential for confusion …
Discussion:
Politico, The Hill, @sarafischer, @WarnerCrocker@mastodon.social, Benzinga, IJR, Washington Examiner and National Zero, more at Techmeme »
Meta:
Meta announces first results from its work with Blumhouse Productions on a pilot program seeking creative industry feedback on Meta's AI video model Movie Gen — We recently introduced Meta Movie Gen—a suite of AI models that show how you can use simple text inputs to produce custom videos and sounds …
Discussion:
Wired, Billboard, AV Club, IndieWire, The Hollywood Reporter, Reuters, The Wrap, Variety, Deadline and Irish Independent