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7:00 PM ET, January 1, 2024

Mediagazer

 Top News: 
Julia Kollewe / The Guardian:
UK film, TV, and video game producers will get more generous tax breaks with the new audio-visual expenditure credit and video-games expenditure credit  —  Industry has said Britain could lose out to other countries, particularly in animation and special effects
Pamela McClintock / The Hollywood Reporter:
Comscore: box office revenue in the US and Canada rose 20% YoY in 2023 to cross $9B, but is still below 2009's $10B+, 2015's $11B+, and 2019's $11.4B  —  If Hollywood isn't setting off huge fireworks in celebration, it's because revenue is still down from pre-COVID times while worry looms …
Margaret Atwood / In the Writing Burrow:
Margaret Atwood argues that Substack violates its own terms of service by permitting Nazis to publish on its platform, and says Substack can't have it both ways  —  Or, “A cannot be both itself and non-A at the same time,” Logic 101.  —  ∙ Paid  —  This instructive cartoon …
Bloomberg:
Filing: Baidu's $3.6B deal to acquire Joyy's Chinese livestreaming business YY Live, announced in November 2020, expires as China didn't approve by December 31  —  - Tech industry's focus has turned to generative AI now … The Beijing-based company said its $3.6 billion deal for Joyy's YY Live …
Discussion: CNN, more at Techmeme »
The Nation:
Interviews with journalists in Gaza on struggling simply to stay alive, as mounting challenges of reporting have meant the world gets a fraction of the story  —  The work of Gaza's journalists has been essential these past months, but as the challenges of reporting continue to mount, the world is getting only a fraction of the story.
Alexandra Topping / The Guardian:
Berrow's Worcester Journal, owned by Newsquest and first published in 1690, hires “AI-assisted” reporters who use an in-house copywriting tool based on ChatGPT  —  Berrow's Worcester Journal is one of several papers owned by the UK's second biggest regional news publisher to hire ‘AI-assisted’ reporters
Discussion: @darrenwaters
Jessica Murray / The Guardian:
John Pilger, an Australian journalist and documentary filmmaker who covered conflicts in Vietnam, Cambodia, Bangladesh, and Biafra, dies at age 84  —  Celebrated Australian journalist and documentary film-maker covered conflicts in Vietnam, Cambodia, Bangladesh and Biafra
Cristina Criddle / Financial Times:
A look at the rise of AI-generated virtual influencers, with some charging thousands of dollars to promote products, leading to concerns from human influencers  —  Hyper-realistic ‘virtual influencers’ are being used to promote leading brands — drawing ire from human content creators
Martin Peers / The Information:
BuzzFeed, the media star of 2016 that now has a ~$36M market cap, needs just above $100M after its sale of Complex Networks to pay down debt due at 2024's end  —  Let's hope all those wannabe digital media entrepreneurs are paying attention to the slow disintegration of BuzzFeed, the media star of 2016.
RELATED:
Gursimran Kaur / Reuters:
Venezuelan media mogul Gustavo Cisneros, who co-founded Univision in 1992 and launched DIRECTV Latin America in 1995, dies at 78 as conglomerate Cisneros' chair  —  Venezuelan media mogul Gustavo Cisneros, who had expanded Cisneros from a family business into an important conglomerate …
Discussion: New York Post and Bloomberg
Gary Marcus / Marcus on AI:
OpenAI and others will likely face more copyright lawsuits as systems like DALL-E produce copyright-infringing materials without attribution or informing users  —  At around the same time as news of the New York Times lawsuit vs OpenAI broke, Reid Southen, the film industry concept artist …
The Hollywood Reporter:
Netflix's stock ended 2023 up 65%, Spotify's was up 129%, and Roku's was up 126%; Lionsgate, Sony, and NBCUniversal owner Comcast were also media sector winners  —  Renewed sector deal chatter helped boost some stocks late in the year despite questions about the advertising and streaming outlook.
Discussion: Deadline and Variety
 
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