Mediagazer: The much-hyped “Barbenheimer” opening weekend netted $155M for Barbie and $80.5M for Oppenheimer, for $300M in total in the US and Canada for just the 4th time (Lisa Richwine/Reuters)

4:45 PM ET, July 24, 2023

Top News:

Lisa Richwine / Reuters:

The much-hyped “Barbenheimer” opening weekend netted $155M for Barbie and $80.5M for Oppenheimer, for $300M in total in the US and Canada for just the 4th time — The much-hyped “Barbenheimer” box office battle over the weekend proved to be a win for movie theaters that needed to add some sizzle to their summer.

Rebecca Rubin / Variety:

Q&A with Josh Goldstine, Warner Bros. president of global marketing, on Barbie's marketing campaign, which rival studio execs estimate to have cost ~$150M — Unless you've been trapped in a plastic toy box, there's no escaping the Barbie-core movement that's sweeping the globe …

Discussion: Insider and UPROXX

Ivan Mehta / TechCrunch:

Twitter rolls out its updated “interim” X logo, replacing the iconic bird, following Elon Musk's weekend announcement; X.com now redirects to twitter.com — Twitter has removed the iconic bird logo and adopted ‘X’ as its official logo. This move comes after Elon Musk announced the change over the weekend.

Discussion: @elonmusk, The Verge, @lindayacc, @lindayacc, Wall Street Journal, Associated Press, New York Times, NBC News, Fast Company, NPR, Nieman Lab, MediaPost, @martingrasser, Insider, CNBC, Slate, Us Weekly, Digital Journal, CNBC, @lindayacc, Ars Technica, @chafkin, Forrester, Fortune, New York Post, @lindayacc, @rmac18, Variety, CNN, The Hollywood Reporter, Hollywood Life, New Republic, Engadget, @tomgara, Vibe, New York Daily News, @rmac18, @levie, The Guardian, @tomcoates, @carnage4life@mas.to, @mrerikjackson, @parkerortolani@threads.net, @tedlieu, @jdcmedlock, @elonmuskaoc, @emilcdc, @bendreyfuss, @yosephpaulos, @jamestobyne, @lindayacc, @mabintou, @karaswisher, @jack, @loupas, @jujuujba, @benedictevans, @killedbygoogle, @valueterminal, Gizmodo, @mikeisaac, @mossbergwalt@threads.net, @wagatwe, Insider, @ivanthek, @elonmusk, New York Post, @carnage4life@threads.net, Slate, Complete Music Update, Poynter, Sydney Morning Herald, The Register, Bloomberg, @news_by_nick, Agence France-Presse, NewscastStudio, Ad Age, KGET-TV, Fox News, Global News, Al Jazeera, The A.V. Club, UPROXX, The Week, Consequence, Forbes, Vanity Fair, Rolling Stone, Metro.co.uk, Billboard, Washington Post, The Hill, Reuters and Boing Boing, more at Techmeme »

Jon Porter / The Verge:

Spotify confirms raising US Premium to $10.99/month, up from $9.99, the first increase since its US launch in 2011; Duo rises by $2, Family and Student by $1 — After 12 years, the price of Spotify Premium is increasing in the US. The subscription will now cost $10.99 a month, the company announced today.

Jean Yamamura / The Santa Barbara Independent:

The Santa Barbara News-Press, which has published a paper since 1868 and received a Pulitzer, ceases publication and files for a Chapter 7 bankruptcy — Publisher Ampersand Claims Few Assets and Many Creditors — More than 150 years of history ended on Friday when the Santa Barbara News …

Aisha Malik / TechCrunch:

TikTok rolls out support for text posts, available via the app's Camera page and letting users add sounds, locations, stickers, and more — As Twitter shoots itself in the foot with a rebrand this morning, TikTok has announced that it's rolling out support for text posts.

Discussion: Fast Company, MediaPost, TikTok, The Verge, Variety, Gizmodo, The Hill, The A.V. Club, Tubefilter, Engadget, @chris@threads.net, @parkerortolani@threads.net, @blackamazon, @digiphile@mastodon.social and KNSD-TV, more at Techmeme »

Brian Merchant / Los Angeles Times:

Studio executives embraced Silicon Valley's magical thinking of hypergrowth and disruption for the past 10 years, only to slash worker pay as the boom times end — In one respect, the actors and writers of Hollywood uniting on the picket lines in a historic, industry-shaking strike is a tale as old as time …

Discussion: @andrewbucholtz, @adamconover, @olaasm, @bcmerchant, @ben@werd.social, @rodhilton@mastodon.social, @incitatus@mastodonapp.uk, @carnage4life@mas.to, @peter@thepit.social and @sonyasteele@mastodon.social

New York Times:

Sources: Altice USA is exploring a sale and other strategic options for Cheddar News; Altice USA acquired the streaming news network for $200M in 2019 — Rebranding the social network as X marks the billionaire's latest gamble to reinvent the company, after buying it last year for $44 billion.

Discussion: The Wrap, @tomgara, Insider, Semafor, @bmorrissey, @dannygroner, @ryanvailbrown, @benmullin, @seangriffey, @scottnover and @sherman4949

Mark Stenberg / Adweek:

Court docs reveal Vice's financial struggles and fundraising history; Vice held $834M in debt in May 2023, raising $1.3B+ in debt and equity funding since 2017 — New documents reveal a yearslong slide into increasing financial desperation — The digital media company Vice filed …

Discussion: @markstenberg3 and United States Bankruptcy Court for the Southern District of New York

Natalie Pressman / CBC News:

Canada's smaller news outlets, like Cabin Radio, the Northwest Territories' only entirely-online news organization, worry about the Online News Act's impact — ‘Obviously we will take as many steps as we can to protect our interests,’ said Cabin editor Ollie Williams

Discussion: @gregorytaylor1

Patrick Sykes / Bloomberg:

Turkish shows, initially made for domestic audiences, are at the forefront of state broadcaster TRT's global expansion, as Turkey tries to extend its soft power — - New state streaming site brings drone wars to global viewers — Government backs TV export drive worth up to $1.5 billion

Ben Smith / Semafor:

Sources: IAC, News Corp, the NYT, and other publishers are forming a coalition to push for AI laws and lead a lawsuit against AI firms who trained on their data — The News — Barry Diller fired publishers' opening shot at artificial intelligence platforms in a Semafor interview this April …

Discussion: Vanity Fair, @ernie@writing.exchange, @moorehn, @adamkovac, @natfriedman, @michaelgreshko, @_zeets, @hingumtringum, @sirdigalot, @mediaevan, @natfriedman and @jl_zamith, more at Techmeme »

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