Top News:
Brian Stelter / CNN:
AT&T to spin off WarnerMedia and combine it with Discovery in a $43B deal; the new company will be run by Discovery CEO David Zaslav — New York (CNN Business)The streaming TV race is about to get even more competitive. — On Monday morning AT&T (T) and Discovery, Inc. (DISCA) …
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Brooks Barnes / New York Times:
Sources: Jason Kilar is negotiating his departure as CEO of WarnerMedia, after being kept in the dark about the deal with Discovery until recent days — Jason Kilar has hired a legal team to negotiate his departure as chief executive of WarnerMedia, according to two people briefed on the matter.
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Hollywood Reporter:
John Stankey and David Zaslav discuss their vision for the WarnerMedia deal, saying the company will have a content spend that exceeds most competitors at $20B — AT&T chief John Stankey and Zaslav, who will lead the new venture, also addressed the status of WarnerMedia CEO Jason Kilar and the future of CNN.
Jeremy Fuster / The Wrap:
Former Hollywood Reporter editor Matthew Belloni has become a founding member of a new media company that has raised $7M and aims to launch this summer — Matthew Belloni, former Editorial Director at The Hollywood Reporter, has joined as a founding partner for a new media company that will cover politics …
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Hollywood Reporter, Deadline, @jimmaiella, @benyt, @sonnybunch, @mattbelloni and Variety
Lindsey Ellefson / The Wrap:
Vice News names its news director Michael Learmonth as new EIC, filling a role that has been vacant since 2019 — Michael Learmonth was named Vice News' new editor in chief Monday, filling a role that has been vacant since 2019. He was promoted from news director, a job he held since 2016.
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@katiedrumm, MediaPost, @learmonth, @mccarthyryanj and @kenli729
Apple:
Apple says it will bring lossless audio to all Apple Music subscribers for free and will support Spatial Audio with Dolby Atmos, available from June — The next generation of sound on Apple Music is coming to subscribers June 2021 at no additional cost — CUPERTINO, CALIFORNIA Apple today …
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Micah Singleton / Billboard:
Amazon Music HD is now available to Amazon Music Unlimited subscribers for free, effectively cutting the Hi-Fi service's price from $14.99 to $9.99 per month — The price change undercuts competing high-fidelity offerings and possibly upcoming plans by Spotify and Apple Music.
Discussion:
@amazonmusic, @richontech, 9to5Mac, @c_davies, musically.com, The Verge, @richontech, @kintan, MacRumors, @richontech, @johnlmacfarlane, @ampressman, @micahsingleton and Engadget, more at Techmeme »
Reuters:
Axel Springer and Facebook strike a global deal, allowing content from Bild, Welt, Insider, and others to be distributed in Facebook News at its German launch — Axel Springer and Facebook said on Monday that they had agreed on a global cooperation deal under which content from the German publisher …
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Axel Springer SE, @fabiochiusi, @pressgazette, @gbrotman and @markscott82
Charlotte Tobitt / Press Gazette:
British GQ editor Dylan Jones departs after 22 years in the role; GQ to be led globally by American GQ editor Will Welch, as Conde Nast merges editorial teams — British GQ editor Dylan Jones is leaving the men's lifestyle magazine after 22 years at the helm.
Discussion:
MediaPost
Todd Spangler / Variety:
DVD rental and streaming company Redbox is going public via SPAC in a deal that values the combined company at $693M; Redbox had earnings of $114M in 2020 — Redbox, the DVD-rental kiosk and streaming company, is going back to the public markets. — On Monday, Redbox announced that it reached …
Discussion:
The Verge and The Wrap, more at Techmeme »
Alexandra Bruell / Wall Street Journal:
NBCUniversal is acting as a power broker between stars and advertisers as part of its upfronts, hoping its pull with talent will help it strike bigger deals — Comcast unit is pitching broad partnerships with stars during this year's TV-ad-buying ritual, hoping its pull with talent helps it strike bigger deals
Discussion:
@lindayacc, @deggans, @bixin29 and @cloonanj
Washington Post:
Researchers detail a sprawling disinformation network in the US, including media websites such as GTV, that's pushing falsehoods about COVID-19 and the election — Guo Wengui, living in self-exile in New York City, is at the center of a digital web pushing election and covid falsehoods, according to Graphika research
Discussion:
Gizmodo, @nicpwall, @oliverdarcy, @jorge_guajardo and @scout_finch
Sarah Krouse / The Information:
Sources: Google's plans to match Apple's ATT changes have been delayed by internal concerns that such moves will diminish mobile ad revenues — Pressured by Apple's recent iPhone privacy initiative, Google is accelerating work to limit how app developers can track the 2.5 billion people who use phones powered by its Android software.
Discussion:
AppleInsider, @amir, MacRumors, @carnage4life and @bysarahkrouse, more at Techmeme »
Jay Peters / The Verge:
Twitch says it is switching to localized subscription prices in some non-US markets, which will often be lower, starting with Turkey and Mexico on May 20 — Localized pricing is meant to increase streamers' earnings, but they'll need more subscribers — Twitch is announcing a big change …
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Twitch Blog, @paperstainedink, @aureylian, Engadget, Kotaku and Cord Cutters News, more at Techmeme »
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