Top News:

WBD reports Q1 revenue down 10% YoY to $8.9B, net income down 53% to $453M, $2.6B streaming revenue, $339M streaming adjusted EBITDA, and 122.3M streaming subs — Even so, the company had to contend with dips in all of its traditional streams of revenue, including advertising and distribution …
Discussion:
The Wrap, Wall Street Journal, The Hollywood Reporter, Deadline, The Hollywood Reporter and Associated Press

Sources: NYT reporter Rob Copeland filed a HR complaint against editor Ellen Pollock after she threatened to “kill” him if a Harvard story exceeded 2,000 words — Pamela Paul's new gig; Keith McNally censored; VERSANT vs Vaulter — In partnership with … Newsrooms plus pressure equals... more drama.

Clarence O. Smith, co-founder and president of Essence, the first general circulation magazine directed at Black women, has died at age 92 — As president, he helped persuade companies like Estée Lauder and Ford to advertise in the pages of the first mass-circulation magazine directed at Black women.

Kari Lake says OAN will provide its newsfeed and video service “free-of-charge” to USAGM networks, including VOA, OCB, and Radio Martí — Senior presidential adviser Kari Lake appears to have resolved any doubts about what she wants to do with the Voice of America.
Discussion:
@karilake, Poynter, The Press Freedom Report, Washington Post, Reuters, The Guardian, Arizona Republic, @farhip, One America News Network, New York Times, Steven Herman on LinkedIn, TV Tech, Rolling Stone, @pwidakuswara, @davidfolkenflik, Daily Kos, Associated Press, Adweek, @scottnover, @scottnover, New York Daily News, TVNewsCheck, MSNBC, Raw Story, Florida Politics, @joshkovensky.bsky.social, @houseforeign.bsky.social, Axios, @dhnexon.bsky.social, The Independent, CNN, The Hill, Cord Cutters News, The National Pulse, @timkarr.bsky.social, @ronfilipkowski.bsky.social, @bgrueskin.bsky.social, @karaswisher.bsky.social, @knittingknots2@mstdn.social, @annamerlan.bsky.social, @davidfolkenflik.bsky.social, @nick-lynx.bsky.social, @iamfreetobeme.bsky.social, @amanbatheja.bsky.social, @damon.kiesow.net, @newsguy.bsky.social and The Gateway Pundit

Q&A with RFE/RL reporter Andrei Kuznechyk, whose release from a Belarus jail in February was brokered by the US, on the importance of RFE/RL in Belarus and more — After 1,175 days in a Belarusian prison, Andrei Kuznechyk, a journalist with the US-funded international broadcaster Radio …

Jefferies expects the global anime market to hit $60.1B by 2030, up from $31.2B in 2023, as Hollywood searches for IP; Japanese studios capture <10% of revenues — Stay informed with free updates — Simply sign up to the Media myFT Digest — delivered directly to your inbox.

President Trump's threatened 100% tariffs on foreign films causes anxiety in the UK industry; nearly 90% of the £5.6B spent on 2024 production came from abroad — After struggling through pandemic shutdowns and twin Hollywood strikes, the British film and TV industry is worried that duties will wreak devastation.
Discussion:
CNN, Washington Times, KDFX-TV, NewsNation, Axios, Yahoo Finance, Barron's Online, Reuters, Deadline, Wall Street Journal, Euro Weekly News, NBC Bay Area, Tangle, Al Jazeera and Mirror

Netflix unveils its ChatGPT-powered search that lets users express preferences using natural phrases, rolling out this week to iOS users as an opt-in beta — After hinting at a new AI-powered search experience during its recent earnings call, Netflix officially unveiled the feature at its tech and product event on Wednesday.
RELATED:

Netflix unveils a new homepage design for TVs, its first major update since 2013, featuring fewer titles but more video and animation, rolling out next week
Discussion:
The Hollywood Reporter, Netflix Tudum, Fortune, The Daily Upside, Netflix on YouTube, MacRumors, @lucas_shaw, Benzinga, Josh Mateo on LinkedIn, Android Central, Android Headlines, NBC News, @mhwilliams.bsky.social, Android Authority, Streaming Better, Media Play News, Patrick Flemming on LinkedIn, The US Sun, BGR, Fast Company, Bloomberg, Engadget, Variety and The Verge, more at Techmeme »
Jay Peters / The Verge:
Netflix says it plans to start testing a TikTok-like feed of vertical videos in its mobile app “in the coming weeks” to help users find more content to watch
Netflix says it plans to start testing a TikTok-like feed of vertical videos in its mobile app “in the coming weeks” to help users find more content to watch
Discussion:
@aerocles, @lucas_shaw, Fast Company, Mashable, Tubefilter, Business Insider, WeRSM, Comic Book, @reckless.bsky.social, CNN, TechCrunch and The Wrap

Owl & Co. report: the global podcast industry generated $7.3B in sales in 2024, including video revenue, most notably YouTube, but not including live events — Researcher Owl & Co. puts the industry's 2024 revenue at more than $7 billion — The global podcast industry generated $7.3 billion …
Discussion:
Podnews and @lucas_shaw

Dear Media, the woman-focused podcast network launched in 2018, says it has between $51M and $100M in revenue and has raised $12M — Men dominate the top of the podcasting charts. As listeners, they slightly outnumber women, too. “Brocasters” and the “manosphere” have even become a media obsession, and for good reason.
Discussion:
@jtes and The Information

In a letter, nine US senators urge Shari Redstone not to settle Trump's $20B lawsuit, saying it will only embolden him to “extort” CBS and other outlets — The letter signed by nine senators urges Redstone to “Stand up for freedom of the press and our democracy.”
Discussion:
New York Times, @benmullin, Politico, Washington Examiner, The Wrap, The Independent, TVNewsCheck, Mediaite, Variety, Common Dreams and Semafor

Nielsen: Merit TV, launched by Dr. Phil two years ago, had 30M viewers in Q1, up 47% from Q3 2024; its CEO attributes the growth to a focus on “flyover states” — Merit Street Media, the news and entertainment company formed by television talk show host Dr. Phil McGraw two years ago …
Discussion:
@matthewkeyslive and The Drum

In Q2, Disney says Disney+ subscribers rose by 1.4M to 126M, while Hulu rose by 1.1M to 54.7M, and operating income hit $336M, up from $47M in Q2 2024 — Despite gathering economic storm clouds, chief Bob Iger said the Mouse House remains “optimistic” about its current fiscal year guidance.
RELATED:
Isabella Simonetti / Wall Street Journal:
Disney reports Q2 revenue up 7% YoY to $23.62B, streaming profit up 16% to $336M, and 180.7M streaming subscribers, up 2.5M from Q1 2025; DIS closed up 10.8%
Disney reports Q2 revenue up 7% YoY to $23.62B, streaming profit up 16% to $336M, and 180.7M streaming subscribers, up 2.5M from Q1 2025; DIS closed up 10.8%
Discussion:
Broadband TV News, @sherman4949, MediaPost, The Hollywood Reporter, Forbes, Deadline and The Wrap