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4:40 PM ET, February 3, 2023

Mediagazer

 Top News: 
Alexandra Bruell / Wall Street Journal:
Sports Illustrated publisher Arena Group is working with AI startups Jasper and Nota to help produce articles from its own content library and pitch journalists  —  Arena Group uses the technology to help produce Men's Journal pieces such as workout tips  —  The publisher of Sports Illustrated …
Erin Woo / The Information:
Source, document, and emails: PepsiCo and Anheuser-Busch committed to $3M+ and $2.4M, respectively, for Twitter takeover ads before and during the Super Bowl  —  After weeks of turmoil and layoffs, Twitter's sales team in recent weeks has reorganized to focus more on big advertisers and launch …
Kelsey Weekman / BuzzFeed News:
After YouTuber Mr. Beast made a video about paying for 1,000 blind people's eye surgery, critics raise questions about “stunt philanthropy” and “charity porn”  —  Is it stunt philanthropy or self-funded charity in the YouTube age?  —  A YouTuber just helped treat 1,000 people with blindness and low vision.
Scott Roxborough / The Hollywood Reporter:
Q&A with Danny Fisher, CEO of FilmRise, the largest independent content provider to AVOD services, on finding undervalued shows, his business model, and more  —  By betting big, and early, on the potential of advertising-backed streaming, Danny Fisher has grown the firm …
Frank Bajak / Associated Press:
Microsoft researchers say state-backed Iranian hackers hit Charlie Hebdo with a hack-and-leak campaign after Hebdo's December 2022 contest mocking Iran's leader  —  After the French satirical magazine Charlie Hebdo launched a cartoon contest to mock Iran's ruling cleric …
Discussion: @fbajak
Alex Weprin / The Hollywood Reporter:
Amazon reports content spending up 28% YoY to $16.6B in 2022, of which ~$7B went to originals, live sports, and licensed third-party content included with Prime  —  The expenses related to video and music content were up 28 percent from 2021, when the tech giant spent $13 billion.
Mitchell Clark / The Verge:
Elon Musk says Twitter will start sharing revenue from reply-thread ads with users who pay for Twitter Blue, starting on February 3, but doesn't give details  —  Elon Musk says that Twitter will start sharing revenue from reply-thread ads with creators who are subscribed to Twitter Blue Verified.
Emily Leedham / PressProgress:
Canada's Overstory Media Group, which presented itself as a local news savior and set a goal of hiring 250 journalists by 2023, has 22 journalists after layoffs  —  Journalists question Overstory Media Group's commitment to local news after gutting flagship Capital Daily's newsroom
Discussion: Ricochet
Jesse Whittock / Deadline:
BFI: production spend in the UK's high-end TV and film industries reached a record £6.3B in 2022, of which 86% came from international streamers and studios  —  Production spend in the UK high-end TV (HETV) and film industries reached a record £6.3BN ($7.8BN) in 2022, BFI statistics released today reveal.
Discussion: Variety and The Hollywood Reporter
Mandy Dalugdug / Music Business Worldwide:
Los Angeles-based Shamrock Capital raises $600M+ for its third equity fund, investing in film, television, music, video games, sports rights, and other content  —  Los Angeles-based investment company Shamrock Capital has raised more than $600 million in commitments for its third equity fund …
Discussion: Wall Street Journal and Billboard
 
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 More News: 
Jim Friedlich / Nieman Reports:
About two dozen current and prospective journalism funders and practitioners met to work on a roadmap for US local news, encouraging more funding collaborations
Matthew Keys / The Desk:
The owners of 160+ local CBS affiliates pull their signals from FuboTV after its parent company Paramount excluded them from retransmission fee negotiations
 Earlier Picks: 
TechCrunch:
Twitter plans to discontinue free access to its API starting on February 9, ending support for both v1.1 and v2, and launch a “paid basic tier” instead