Top News:
Todd Spangler / Variety:
Nielsen: in July, for the first time, streaming had the largest share of US TV viewing at 34.8%; cable and broadcast had 34.4% and 21.6%, respectively — Americans now watch more stuff on TV from streaming services than either broadcast or cable TV. — Streaming platforms, led by Netflix …
Discussion:
Nielsen, The Wrap, Next TV, Deadline, Wall Street Journal, @michellemanafy, The Hollywood Reporter and Bloomberg
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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, Ofcom, @jimwaterson, BBC, Media Play News, Future News & Media, @elipariser, @ofcom, @ofcom, @faris, @stokel, @1br0wn, 9to5Mac, Daily Mail and Fortune
Gerry Smith / Bloomberg:
Penn Entertainment Inc., owner of 36% of Barstool Sports, is buying the remaining shares of the sports and culture outlet, gaining full control by February 2023 — Penn Entertainment Inc. is acquiring the remaining shares of Barstool Sports that it doesn't already own …
Discussion:
Barrett Media, @stevekrak, @markjburns88 and Casino.org
Thomas Seal / Bloomberg:
GB News co-founders Andrew Cole and Mark Schneider and Warner Bros. Discovery will sell their stakes in GB News as part of a £60M fundraising round — Warner Bros. Discovery Inc. will sell its stake in British television startup GB News as part of a £60 million fundraising round.
Discussion:
Deadline
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Wilson Chapman / Variety:
HBO plans to remove ~36 titles from its service as early as this week, citing the pending Discovery+ merger; the move will likely help cut costs and residuals — HBO Max will remove almost 36 titles from its service as early as this week, Variety has confirmed.
Discussion:
SlashFilm, TechCrunch, Deadline, @bjhiddenjokes, Looper and @bags
Dade Hayes / Deadline:
Sinclair will roll out its direct-to-consumer streaming service Bally Sports+ on September 26, on iOS, Android, Android TV, tvOS, and at BallySports.com — Capping a challenging multi-year development process, Sinclair Broadcast Group's regional sports unit has set September 26 …
Discussion:
Bally Sports, @justinctoscano, @jefffletcherocr, TechCrunch and Awful Announcing
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 reinforcing its ban on influencers on posting paid political content, one of the steps the social network is taking to shore …
Discussion:
TikTok, The Verge, Insider, Axios, @kellymakena, @fatimagaw, @tiktokcomms, @kellymakena, @russellbrandom, @rasmus_kleis, @yoda, Mediaite, The Wrap and Tubefilter, more at Techmeme »
Mark Gurman / Bloomberg:
Netflix iOS app code suggests the ad-supported tier, arriving in early 2023, won't let users download shows for offline viewing or skip ads — Netflix Inc. isn't planning to let users of its new ad-supported tier download shows and movies to their devices for offline viewing …
Discussion:
MediaPost, Digital TV Europe, @markgurman, @financialreview, @newsynick, The Tape Drive …, TechCrunch, The Verge, Variety and The Streamable, more at Techmeme »
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:
Columbia Journalism Review, Bloomberg, @katieharbath, Meta, @ohhkaygo, Protocol, @reganopel, @katieharbath, @kurtwagner8, @shgeldz, @nickclegg, @metanewsroom, The Guardian, Adweek, CNET, @sarafischer, 9to5Mac and Bloomberg
Esther Kezia Thorpe / Media Voices:
A look at the growth of print subscriptions for news-focused magazines with little advertising in the UK, including The Economist, The Spectator, and The Week — The stereotypical print magazine is jam-packed with advertising. September issues of fashion magazines in particular used …
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 Verge, Music Ally, TMZ.com, @xpangler, @theshaderoom, @coolness941, @hotnewhiphop, @jaysonrodriguez, Billboard, @andrejgee, @lthomasnews, @queenveej, The Wrap, The A.V. Club, @invisibae, @texasfba4ever, @taylorlorenz, Music Business Worldwide, New York Post, Variety, Deadline, Complete Music Update, Daily Mail, Pitchfork, NME, Complex, Rolling Stone, TMZ.com and The Hollywood Reporter
Janko Roettgers / Protocol:
A look at Netflix's gaming initiative: experimenting with ways to surface games to subscribers, hiring for a cloud gaming service, acquiring studios, and more — Netflix's foray into gaming is dead on arrival — at least according to the latest headlines about the company's first few mobile games.
Discussion:
@jank0, @nickstatt and @jank0, more at Techmeme »
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