Top News:
Sara Fischer / Axios:
Sources: The Messenger is seeking to raise around $20M amid layoffs and financial struggles; it launched in 2023 after a $50M raise — Digital news start up The Messenger is seeking to raise around $20 million amid layoffs and financial struggles, sources tell Axios.
Discussion:
The Wrap, @henryporters, @jasonshevrin, @themaxburns, @ernie.tedium.co, @scottnover and @rolandsmartin
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Max Tani / Semafor:
Sources: The Messenger's board weighed shutting the site down at a December 29 meeting, and Jimmy Finkelstein has expressed a willingness to sell the site
Sources: The Messenger's board weighed shutting the site down at a December 29 meeting, and Jimmy Finkelstein has expressed a willingness to sell the site
Discussion:
The Rebooting, @moorehn, @emilybell, @moorehn, @pkafka, @grahamstarr, @josephfcox, @jbenton, @caleweissman, @thestalwart, @maxwelltani, @justinbaragona, @maxwelltani, @scottnover, @mediaevan, @mekosoff, Awful Announcing, New York Post, The Daily Beast, The Wrap, The Information and Mediaite
Ralph D. Russo / Associated Press:
The NCAA and ESPN announce a $920M, eight-year agreement that will give ESPN rights to 40 championships, including the Division I women's basketball tournament — The NCAA and ESPN announced on Thursday a $920 million, eight-year agreement that will give the network exclusive rights to 40 championships …
Bloomberg:
Sources: TikTok aims to grow TikTok Shop US' merchandise volume tenfold to $17.5B in 2024 and plans to increase merchant fees to 6% of each sale in April 2024 — - ByteDance's video app is fast expanding beyond advertising … The 2024 merchandise volume goal for the US version of TikTok Shop …
Andrew Marchand / New York Post:
YES and MSG Network partner to launch Gotham Advanced Media and Entertainment, a 50/50 venture that aims to capitalize on their streaming services — YES and MSG Network are partnering on a new venture that eventually could lead to a direct-to-consumer streaming service that offers the Yankees …
Michael M. Grynbaum / New York Times:
RedBird IMI invests in Media Res, the independent studio behind “The Morning Show”; Jeff Zucker plans to take a seat on the studio's board — The former CNN president will return to Hollywood by investing in the studio behind streaming hits like “The Morning Show” on Apple TV+.
Discussion:
Variety, The Wrap and The Hollywood Reporter
Wall Street Journal:
As Google restricts third-party cookies for 1% of Chrome users, marketers, adtech companies, and publishers say Google has not done enough to prepare the market — Search giant plans to remove a technology seen as critical to the digital-ad industry — Google is going forward …
Paul Sandle / Reuters:
Layered Reality announces Elvis Evolution, an AI, AR, and holographic-based show, launching in London in 2024 before traveling to Las Vegas, Tokyo, and Berlin — Elvis Presley fans who missed out on seeing their hero when he was alive will be able to catch a glimpse of the King …
Discussion:
Billboard, The Guardian, BBC, @michaelsocolow, The A.V. Club, Variety and Rolling Stone, more at Techmeme »
Spencer Soper / Bloomberg:
BOA analysis: Amazon's video ad push will boost annual revenue by up to $5B, comprising $3B in video ad sales and $1.8B in Prime users paying to avoid ads — - Subscribers can pay extra $3 per month for ad-free streaming — Amazon.com Inc.'s push into video advertising will boost annual revenue …
Agence France-Presse:
Tunisian authorities arrest Al Jazeera reporter Samir Sassi, one week after the arrest of Tunisian journalist Zied el-Heni, who criticized a minister — Samir Sassi joins growing number of journalists imprisoned and prosecuted in country — Tunisian authorities have arrested an Al Jazeera reporter …
Discussion:
IFJ
The Information:
Sources: OpenAI offered some media companies as little as $1M-$5M/year to license their articles for model training; Apple offered more but wants more rights — OpenAI has offered some media firms as little as between $1 million and $5 million annually to license their news articles for use …
Discussion:
New York Post, @blairmacgregor, @alex, @garymarcus and Thurrott, more at Techmeme »
Aditya Kalra / Reuters:
Sources: Disney and Reliance executives signed a non-binding term sheet in December and both have hired law firms to do antitrust due diligence for their merger — Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS) and Walt Disney (DIS.N) have appointed law firms …
Discussion:
Variety and Wall Street Journal
Brian Steinberg / Variety:
GroupM forms a consortium with Disney, Roku, NBCU, YouTube, and others to push for standardized measurements and ad formats that can be used across streamers — One of the nation's biggest investors of ad dollars wants to push big large streamers to work together when it comes to commercials.
Kim Masters / The Hollywood Reporter:
A look at the men allied with Nelson Peltz and their histories with Disney: Ike Perlmutter, the ousted Marvel chairman, and former Disney CFO Jay Rasulo — As ousted Marvel mogul Ike Perlmutter and activist investor Nelson Peltz enlist former Disney exec Jay Rasulo in their quest to reshape the studio …
Discussion:
@erik_hayden, @thr and @kimmasters
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Variety:
Blackwells nominates three candidates to Disney's board to rival Nelson Peltz's proxy fight, and says Disney's ValueAct deal is “a disappointing defensive move”
Blackwells nominates three candidates to Disney's board to rival Nelson Peltz's proxy fight, and says Disney's ValueAct deal is “a disappointing defensive move”
Discussion:
@xpangler, GlobeNewswire News Room, Radio & Television …, The Information, Deadline, Reuters and Bloomberg