The Daily Munch

In today's The Daily Munch newsletter: 🇺🇸 Joe Biden has dropped out of the presidential election 📱 Reddit is diving deep into sports 🏀 Warner Bros. Discovery will match Amazon’s bid for NBA games Read it here: https://lnkd.in/ev--Ehun

In today's The Daily Munch newsletter: 🤔 Google’s confusing $5B investment 🔍 OpenAI’s Google Search killer is finally here 👊 Warner Bros. Discovery is suing the NBA Read it here: https://lnkd.in/eXmbdyCW

Apple may have lost the streaming wars 😳 After spending over $20B on shows and movies since the launch of Apple TV+ in 2019. Why? • Despite billions spent a year on original programming, Apple TV is getting just 0.2% of TV viewing in the US. • The platform currently generates fewer views in a month than Netflix does in a day. • And they just don’t have the same amount of content as their competitors. • Apple has a couple hundred titles, while Netflix, Hulu, and Max have thousands. "Subscriber growth has been weak, with the platform’s original content a fraction of what rivals offer," Bloomberg. Despite having the most-watched streaming TV show of 2023, "Ted Lasso," Apple TV accounts for a smaller share of the top 10 most popular original streaming shows, according to Nielsen. Spending a lot on shows isn’t necessarily a bad thing; Netflix, which has 277.7 million subscribers and reaches more than 600 million people around the world, spends more than anybody else on original programs. $17 billion to be exact, with the vast majority of its budget on originals in 2024. Subscribe to our newsletter: thedailymunch.co/subscribe

In today's The Daily Munch newsletter: 🧪 The results of Sam Altman’s human experiment 🤔 Why can’t Google acquire a company? 📉 Tesla stumbles again after earnings Read it here: https://lnkd.in/eY-Mt-Yt

Fortnite is adding #Tesla Cybertrucks to the game tomorrow 🔥 Subscribe to our newsletter: thedailymunch.co/subscribe

In today's The Daily Munch newsletter: 😳 The 'largest IT outage in human history' 👀 This year’s Summer Olympics could be the most important ever for Nike 🔻 The Semiconductor index lost over $500B earlier this week Read the full newsletter: https://lnkd.in/euVDTh_u

Netflix Q2 earnings just came out: - Revenue: $9.56 billion (up 16.8% YoY) - Diluted EPS: $4.88 (vs. $4.74 expected) - Subscriber Additions: 8.05 million (vs. 4.7 million expected) Subscribe to our newsletter: thedailymunch.co/subscribe #netflix

Meta is in talks to acquire a ~5% stake in EssilorLuxottica, their partner for Ray-Ban smart glasses. Subscribe to our newsletter: thedailymunch.co/subscribe #VR #AR #RayBan #Meta

OpenAI is launching GPT-4o mini, a more “cost-efficient” AI model to make its technology more affordable. Subscribe to our newsletter: thedailymunch.co/subscribe #openai #ai #artificialintelligence

The NBA has sent official terms of its proposed new media rights contracts to Warner Bros. Discovery. This starts a five-day period where the media company can choose to match a package of broadcasting rights. Subscribe to our newsletter: thedailymunch.co/subscribe #nba #warnerbros