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10:25 PM ET, July 16, 2023

Mediagazer

 Top News: 
Gene Maddaus / Variety:
Sources detail some of SAG-AFTRA's demands, including paying 2% of streaming revenue to performers, compensation when using AI likenesses, pay raises, and more  —  According to sources on both sides, the biggest sticking point is the union's demand for 2% of the revenue generated by streaming shows.
RELATED:
The Hollywood Reporter:
SAG-AFTRA and WGA members picketed at two NYC and 10 LA studio sites, with Netflix and Warner Bros. Discovery HQs among the bigger targets for crowds
Financial Times:
A look at Russian warlord Yevgeny Prigozhin's online media empire, which stands in post-mutiny limbo after Russia's internet censor banned Prigozhin websites  —  Vladimir Putin has blocked access to mutinous warlord's websites but his troll accounts remain active
Lewis Gordon / The Ringer:
After DVDs and streaming, Netflix gears up for what appears to be its third and most ambitious act: video games, with 67 in its library and 86 in development  —  First came DVDs.  Then came streaming movies and TV.  Now, Netflix is betting big on video games—and new release 'Oxenfree II …
Jessica Nicholson / Billboard:
Radio and music industry trade website All Access plans to close on August 15, 2023, after 28 years, over a revenue drop “that makes moving forward impossible”  —  “We will all miss serving and working with all of you — our readers and clients," said founder/president/publisher Joel Denver in a statement.
Joe Bel Bruno / The Intersect:
Sources: Patrick Soon-Shiong is in talks to sell The Los Angeles Times to Penske Media CEO Jay Penske; LAT says “The Soon-Shiongs have no interest in selling”  —  Any deal, which is not guaranteed as these talks are described as early, would transform Penske into a Los Angeles publishing mogul.
Discussion: The Wrap
Clayton Davis / Variety:
Letter: the Academy of Motion Picture Arts and Sciences affirms its commitment to DEAI programs; at least four Black leaders left the Academy in the past year  —  The Academy of Motion Picture Arts and Sciences sent a letter to its members on Friday evening, addressing the recent departure …
Sohee Kim / Bloomberg:
A look at Sony-owned Crunchyroll, which has 100M+ registered members, including 11M paid subscribers, as the anime streaming service looks to India for growth  —  - President says new anime markets like India will drive growth  — Global expansion helps owner Sony boost entertainment content
Rhiannon Williams / MIT Technology Review:
Study: ChatGPT helped writers complete tasks, such as writing press releases or reports, 40% faster and produce work that assessors scored 18% higher in quality  —  People who use ChatGPT to help with writing tasks are more productive and produce higher-quality work than those who don't, a study found.
Jahnavi Nidumolu / Reuters:
Elon Musk says a ~50% ad revenue drop and a heavy debt load kept Twitter cash flow negative; he said in March 2023 the company could be cash flow positive in Q2  —  Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.
Wall Street Journal:
Sources: Daily Caller co-founders Tucker Carlson and Neil Patel seek to raise hundreds of millions for a media company anchored by Carlson's free Twitter videos  —  Former Fox News host and associate look to raise funds for new venture that could use Twitter as its backbone
 
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 More News: 
Charlotte Klein / Vanity Fair:
Sources: at an all-hands, New York Times staff expressed frustration at how the sports desk was cut and raised concerns over differing standards at The Athletic
Amanda Silberling / TechCrunch:
Creator monetization platform Passes, founded in 2022, plans to acquire rival Fanhouse, founded in 2020; some creators are worried and one Fanhouse founder quit
Bron Maher / Press Gazette:
Justin Smith: Semafor is on track for a first profitable month and “might even” see a profitable quarter, having allocated nearly 90% of its resources to the US
 Earlier Picks: 
The Charlotte Observer:
Rolfe Neill, the publisher of The Charlotte Observer from 1975 until 1997 and a member of a group of business leaders who shaped Charlotte's growth, dies at 90
Wall Street Journal:
A look at Disney's challenges, some of which are rooted in Bob Iger's previous decisions as CEO, including acquiring Fox assets and entering the streaming race
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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