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The latest stories published on The Desk.
Netflix sees modest bump in revenue during Q1; Reed Hasting to leave board
Netflix saw a modest bump in revenue as the company's growth strategy like password-sharing crackdowns and building out its ad business continued to accelerate in Q1.
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Amazon faces class-action lawsuit over Fire TV sticks
The plaintiff claims Amazon deliberately used planned obsolescence, allowing older Fire TV devices to degrade until customers were forced to purchase newer models.
Sean McCabe returns to Cineverse as Chief Financial Officer
Cineverse has appointed Sean McCabe as Chief Financial Officer as the company deepens its push into ad tech and integrates recent acquisitions.
Network affiliates to FCC: Sports antitrust exemption should apply to broadcast TV only
Affiliates argue that streaming platforms' exclusive sports rights deals force fans to pay for games previously available free on broadcast TV and reduce networks' investment in local news.
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CBS CEO says late night deal with Byron Allen is “temporary”
The network made a one-year deal with Allen for "Comics Unleashed," but is still exploring ways to develop and distribute its own low-budget late night programming.
Cumulus gets court approval to exit Chapter 11 bankruptcy
The restructuring will eliminate $592 million to $660 million in debt and reduce annual cash interest obligations by approximately $49 million through creditor control transfer.
Viant to acquire TVision Insights for $40 million
The combined platform will offer advertisers a unified view of campaign performance across linear and streaming TV, free from platform self-attribution bias.
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Disney CEO confirms layoffs impacting 1,000 jobs
The layoffs are heavily concentrated in marketing and publicity functions, with entire divisions eliminated and senior executives including digital marketing leaders departing.
Philo partners with Reelgood to improve programming, personalization
Reelgood's cross-platform data helps Philo track trending content and guide content acquisition decisions based on viewer demand.
Scripps digital channels added to Local Now app
Scripps is now offering its digital and multicast networks through the free streaming app Local Now.
Viewpoint: Kuwait must release journalist Ahmed Shihab-Eldin
Kuwaiti officials have jailed an American journalist for republishing a video from CNN that shows the downing of a fighter jet in March.
Ampere: Streaming movies have fewer ads than episodic TV series
TV shows have a higher ad load per minute of content viewed compared to moves across popular streaming apps and services, according to Ampere Analysis.
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