Category: Media
Zynga reports record revenue and strong user growth while still losing $122M
Zynga’s revenue grew to a record $503 million (up 46% year-over-year) in the third quarter, with bookings of $628 million (up 59%), according to its latest earnings report. It also had its best mobile daily active user (31 million) and monthly active user (83 million) numbers in six years. But…
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Instagram starts labeling ‘state-controlled media’ accounts and posts
Over the last week, Instagram has started labeling state-backed media, following through on a policy the company’s parent Facebook announced last October and started implementing on its own social media network this past June. The labels were first s… Source
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Facebook threatens to block all news in Australia
Facebook users in Australia could lose their ability to share news on the social network, the company is warning. The threat is the result of a proposed law from the Australian Competition and Consumer Commission (ACCC) that would require Facebook an… Source
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Facebook pilot links user profiles with online news subscriptions
Facebook is still figuring out the best ways to promote reliable news on the platform. One of its next tricks might be linking users’ profiles with their news subscriptions. Today, the company revealed that it’s been working with publishers to test a… Source
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Theaters are ready to reopen, but is America ready to go back to the movies?
Last week, AMC marked its earnings report with a somber note. The movie theater giant warned of losses reaching up to $2.4 billion, courtesy of COVID-19-related closures, adding that “substantial doubt exists about our ability to continue as a going concern for a reasonable period of time.” AMC isn’t alone.…
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HBO Max temporarily removes ‘Gone with the Wind’ for ‘racist depictions’
One of the selling points for HBO Max, the recently-launched streaming service from WarnerMedia, is the inclusion of classic films from Turner Classic Movies and the Criterion Collection. But choosing which old movies to include, and how to present them, can get thorny. Case in point: “Gone with the Wind”…
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