Top News:
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, Daily Mail, Fortune, 9to5Mac, @stokel, @ofcom, @ofcom, @1br0wn and @faris, more at Techmeme »
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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, What's On Disney Plus, Bloomberg 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:
Adweek, Meta, @katieharbath, CNET, Protocol, Politico, @sarafischer, 9to5Mac, @katieharbath, @nickclegg, @ohhkaygo, @kurtwagner8, @shgeldz, @reganopel, @metanewsroom and Bloomberg, 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.
Discussion:
TechCrunch, The Wrap, Billboard, @xpangler, @coolness941, @jaysonrodriguez, The Verge, Pitchfork, Complex, The A.V. Club, Daily Mail, New York Post, @queenveej, Deadline, Complete Music Update, @texasfba4ever, @andrejgee, Music Business Worldwide, NME, Variety, @taylorlorenz, @invisibae, @lthomasnews, Rolling Stone, Music Ally, TMZ.com and The Hollywood Reporter, 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:
The Verge, TechCrunch, @kellymakena, @tiktokcomms, @kellymakena, The Register, Input, TikTok, The Hill and @yoda, more at Techmeme »
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
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 »
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:
Adweek and @megancgraham, more at Techmeme »
Janko Roettgers / Protocol:
A look at Netflix's gaming initiative, as it experiments with ways to surface games to subscribers and job listings show it is hiring for a cloud gaming service — Netflix's foray into gaming is dead on arrival — at least according to the latest headlines about the company's first few mobile games.
Emre Kizilkaya / Nieman Reports:
Amid a largely government-controlled media landscape, a look at four independent outlets in Turkey: Kapsül, Medyascope, Sözcü, and Podfresh — Independent journalists are stubbornly persisting in digital formats from newsletters to videos to podcasts
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.
Discussion:
@iankar_ and @lucas_shaw, 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.
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