2020.04.24 Last Week in Digital Media


Here’s your Last Week in Digital Media and the news you may have missed:



  • Snap Inc’s quarterly results saw a 20% increase in DAUs (Daily Active Users), revenue was also up 44% to US$462MM compare to the prior year. Snap reported that time spent watching Discover was up 35%. Snap’s global business is also doing well, with Rest of World growth up 45% (PDF link). The full investor deck (PDF link) also breaks out Average Revenue Per User (ARPU)
  • Verizon released quarterly results. Media revenues were down 4%, with COVID cited as the key reason. More interesting though is FIOS Video reported a loss of 84,000 customers, as part of the (to quote) “ongoing shift from traditional linear video to over-the-top offerings”.
  • AT&T’s quarterly results saw the company lose 897,000 premium TV subscribers. The company also lost 138,000 AT&T Now subscribers. Possibly demonstrating the challenges that face incumbents even if they try and embrace OTT.


  • Walmart has sold its online video platform Vudu (including the free ad-supported video offering) to Fandango. Terms have not been disclosed and according to an FAQ sent to customers, there are no immediate changes planned for Vudu, and Vudu will continue to exist on Walmart.com. It is worth noting that Fandango is owned by NBC Universal.
  • WarnerMedia’s streaming service HBO Max will launch May 27th. It’s important to note that HBO Max is a new service, not an extension or rebrand of HBO Now or HBO Go.




  • Mary Meeker and her new firm, Bond, released an analysis of the Coronavirus including some perspective on what the pandemic means for innovation. The 29pp report worth your time and Meeker’s perspectives on the future of work and work/life balance are particularly interesting.
  • twitter has a Coronavirus hub that also links to partners that are leveraging twitter data. There are also links to twitter’s overall response.
  • if you know a small business impacted by Coronavirus, Amex has launched StandForSmall, a website that brings together a coalition of partners with information on resources they are offering small business.


Finally, self-promotion, in this week’s IPG Media Lab Floor 9 podcast, I interviewed the Chief Revenue Officer of the Washington Post. Please subscribe and listen.

Stay well.


PS. If you need a distraction, this video on Instagram (that has had special effects added) makes watching an orchestra conductor highly entertaining. Enjoy.