Mediagazer: Ofcom: in the UK, those aged 15-24 spent 57 minutes/day on TikTok in 2021, compared to 53 minutes/day watching TV; those 65 or over spent six hours watching TV (Alex Barker/Financial Times)

Ofcom: in the UK, those aged 15-24 spent 57 minutes/day on TikTok in 2021, compared to 53 minutes/day watching TV; those 65 or over spent six hours watching TV — Ofcom survey points to challenges for traditional broadcasters in keeping pace with digital and streaming trends

Discussion: Ofcom, @jimwaterson, BBC, @elipariser, @ofcom, @ofcom, @faris, Daily Mail, Fortune, 9to5Mac, @stokel and @1br0wn, more at Techmeme »

K.J. Yossman / Variety:

Ofcom's annual Media Nations report shows the UK streaming sector made £2.7B profit in 2021, up 27% YoY; 5.2M UK homes subscribe to Netflix, Prime, and Disney+ — The streaming sector in the U.K. made profits of £2.7 billion ($3.3 billion) in 2021 - a year-on-year increase of 27% …

Discussion: Press Gazette, Bloomberg, What's On Disney Plus and Deadline

Sara Fischer / Axios:

Meta updates its political ads policy before the US midterms, including banning edits for political, social, and electoral ads running one week prior — - Ads that present new claims in the final days of an election may be difficult to contest or fact-check in time.

Discussion: Meta, CNET, @katieharbath, Politico, @sarafischer, 9to5Mac, @katieharbath, @nickclegg, @ohhkaygo, @kurtwagner8, @shgeldz, @reganopel, @metanewsroom and Bloomberg, more at Techmeme »

Alex Barinka / Bloomberg:

As part of its ban on political ads, TikTok will remove paid political posts by influencers; election-related posts will be reviewed and could be throttled — TikTok is banning influencers from posting paid political content, one of the steps the social network is taking to shore up its platform …

Discussion: TechCrunch, The Verge, The Register, Input, @yoda and The Hill, more at Techmeme »

Taylor Lorenz / Washington Post:

Timbaland and Swizz Beatz sue Triller, alleging the short-form video app owes them $28M+ after acquiring live-streaming music series Verzuz and missing payments — Triller bought music series Verzuz for an undisclosed sum in January 2021. Now its creators say they're still owed money.

AAP:

Australia's high court says Google is not a publisher, reversing a lower court decision that said Google was liable for a defamatory article in search results — Judgement rules ‘a hyperlink is merely a tool’ in case between search engine and Melbourne lawyer George Defteros

Discussion: American Press Institute, @emilyhwoods, Sydney Morning Herald and Mumbrella, more at Techmeme »

Sara Fischer / Axios:

Video streaming options increasingly resemble the bloated cable industry they sought to replace, as companies launch ad-supported tiers and bundle services — Facing saturation in the U.S., most major streamers are launching cheaper ad-supported streaming tiers, and are beginning to bundle …

Discussion: @decider, @rakeshlobster, @scottgreenfield, Too Much TV Newsletter, Walmart Inc. and Wall Street Journal

Scott Roxborough / The Hollywood Reporter:

German media giant RTL Group launches RTL+ Musik to stream video, including movies, TV, and news, and audio, including music, podcasts, and radio channels — The German-language service will offer films, original series, news and music from French music streaming platform Deezer.

Discussion: The Hollywood Reporter

Megan Graham / Wall Street Journal:

VidMob, which offers tools for marketers to create digital ads, raised a $110M Series D led by Shamrock, source says at a $500M valuation, up from $290M in 2021 — The Series D funding round led by Shamrock Capital will help the company expand its platform for data-led creativity in advertising and other brand work

Discussion: @megancgraham, more at Techmeme »

Aisha Malik / TechCrunch:

TikTok launches Shopping Ads, including video shopping ads, catalog listing ads, and live shopping ads, to improve targeting and amplified product discovers — TikTok announced today that it's launching a new commerce ad suite called “Shopping Ads” to make it easier for brands to advertise on the platform.

Discussion: Ad Age and Adweek

Amina Niasse / Bloomberg:

iSpot.tv: spending on TV ads by crypto companies fell from an $85M peak in February 2022 to $3M in June and $36K in July, the lowest level since January 2021 — Matt Damon's pitch to invest in crypto has disappeared from US television sets. Same goes for glitzy commercials starring LeBron James and Tom Brady.

Bevin Fletcher / Fierce Video:

The Roku Channel adds NBC local news channels for San Diego, Boston, and the Bay Area, plus NBCUniversal's LX News, six Scripps channels, BBC Kids, and more — The Roku Channel is beefing up its Live TV Guide with 14 new linear channels, including the addition of three more featuring NBC local news and six channels from Scripps.

Discussion: The Streamable, TVNewsCheck and TechCrunch