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The Verge:
Twitch CEO Dan Clancy confirms plans to cut 500+ jobs, or 35% of its staff, and says the workforce was oversized for its current position, after March 2023 cuts — Twitch is laying off more than 500 employees, Twitch CEO Dan Clancy announced this morning, reportedly accounting for around 35 percent of its staff.
Discussion:
Twitch, Observer, Next TV, Bloomberg, CNN, Fast Company, The Wrap, New York Daily News, Deadline, Adweek, Dan Rayburn on LinkedIn, @lucas_shaw, @tomwarren, Decrypt, Justin Gerrard on LinkedIn, Tubefilter, Metro, gamedeveloper, GamesIndustry.biz, Thurrott, @carterfornow, @dannyodwyer, @ianbetteridge@writing …, @zacharydiaz, @carnage4life, Game Rant, @richlightshed, @tunguz, Gizmodo, MediaPost, Engadget, Jalyssa Eliasen on LinkedIn, Spencer Soper on LinkedIn, TechCrunch, The Information, GamesHub, Cord Cutters News, Shacknews and Bloomberg, more at Techmeme »
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Deadline:
Memo: Amazon Studios Head Jennifer Salke says recent layoffs were part of its plan to consolidate the Amazon Studios and MGM theatrical distribution teams — EXCLUSIVE: Earlier this morning, Amazon revealed that it was laying off several hundred employees across Prime Video and Amazon Studios as part of a review of its business.
Discussion:
The Wrap
Alex Weprin / The Hollywood Reporter:
Internal memo: Amazon Studios SVP Mike Hopkins says “several hundred roles” are being cut in its Prime Video and MGM Studios units; both had cuts in early 2023 — Mike Hopkins announced the cuts Wednesday. — Amazon is cutting hundreds of jobs in its Prime Video and MGM Studios division.
Discussion:
Variety, Observer, The Information, The Information, Breitbart, CNBC, Los Angeles Times, Commercial Observer, Reuters, Thurrott, @lmoses, Business Insider, Wall Street Journal, IndieWire, @jessicalessin, @lucas_shaw, Engadget, TechCrunch, Media Play News, MediaPost, Cord Cutters News and Bloomberg, more at Techmeme »
Wall Street Journal:
Sources: Skydance backers are discussing an all-cash bid for National Amusements; if successful, they would pursue a second deal to merge Paramount and Skydance — CEO Ellison, his father, Larry, and other investors are in talks to buy Redstone's stake in National Amusements, Paramount's parent
Discussion:
Los Angeles Times, Variety, The Wrap, Bloomberg, New York Post, Deadline, @cgasparino, @tvgrimreaper, @jtoonkel, @cgasparino and @asharma
Michael M. Grynbaum / New York Times:
Donald Trump will appear in his first live Fox News interview in nearly two years later today; sources say Trump thinks Fox erred in settling with Dominion — A town hall in Iowa on Wednesday is the network's first live interview with the former president in nearly two years, the latest twist in a long-running drama.
Discussion:
Axios, @sarafischer, @grynbaum, @alexthomp, @davidfolkenflik, @alexthomp, The Hill, The Streamable and Semafor
Press Gazette:
The Reuters Institute survey of news leaders: 48% say money from AI deals will be very little for any publisher, most will put more effort into WhatsApp, more — The Reuters Institute survey touched on AI pessimism, news avoidance and paywall success. — Less than half of news leaders feel confident …
Discussion:
@pressgazette, Decrypt and BuzzMachine
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Maria Sherman / Associated Press:
Luminate's 2023 report: the global music industry passed 4T streams in 2023, a new record and up 34% from 2022; Taylor Swift had one in every 78 US streams — Listened to more music last year? You're not alone. — The global music industry surpassed 4 trillion streams in 2023 …
Discussion:
CNN, Billboard, Boston Herald, Axios, @lucas_shaw, @alexselbyb, @lucas_shaw, Variety, Music Business Worldwide, @lucas_shaw and Music Ally, more at Techmeme »
Sarah Perez / TechCrunch:
Sensor Tower: Netflix Games downloads rose 180% YoY to 81.2M globally across the App Store and Google Play in 2023, with Q4 accounting for 53% of downloads — Just over two years ago, Netflix announced it would enter a new business: gaming. Amid a mobile gaming market dominated by free …
The Guardian:
An armed gang stormed Ecuador's TC Televisión during a live broadcast, after Ecuador's president declared a state of emergency; all the gunmen were arrested — Gangsters unleashed wave of terror following move by President Daniel Noboa in response to gang leader's prison escape
Discussion:
The Mirror, Breitbart, Reuters, Associated Press, CBS News, New York Times, @sentdefender, The Gateway Pundit, NBC 7 San Diego, abc7NY, Semafor, TMZ.com, Financial Times, Blaze Media, Fox News, Voice of America, Mediaite, The Daily Beast, BBC, The Universe As A Causal Set, The Daily Caller, New York Post and Deseret News
Georg Szalai / The Hollywood Reporter:
The British Film Institute names Jay Hunt, the creative director for Apple TV+ in Europe, as its chair for a four-year term starting on Feburary 16 — She serves as creative director for Apple TV+ in Europe. — Jay Hunt, the creative director for Apple TV+ in Europe …
Discussion:
Deadline, @lucyfrazermp, BFI, @sigjudge and Variety
Bloomberg:
Sources: WPP is considering options to exit its 40% stake in market-research business Kantar; WPP sold 60% of Kantar to buyout firm Bain Capital in 2019 — - Kantar could be valued about £7 billion in a transaction — WPP sold a majority stake in Kantar to PE firm Bain in 2019
Hanaa' Tameez / Nieman Lab:
A look at Brazilian fact-checking org Aos Fatos' bot FátimaGPT, which pairs an LLM with its archives to answer questions on WhatsApp, Telegram, and the web — “Instead of giving a list of URLs that the user can access — which requires more work for the user — we can answer the question they asked."
Discussion:
@niemanlab and American Press Institute
Charlotte Klein / Vanity Fair:
In a letter to Washington Post executives, top reporters raise concerns about the gutting of the research department as part of the paper's ~10% staff cuts — Top reporters have urged executive editor Sally Buzbee and publisher Will Lewis to address the gutted research department, a casualty of the paper's roughly 10% staff reduction.
Discussion:
@charlottetklein, @mlcalderone and @seamushughes
Peter Kafka / Business Insider:
Source: the Los Angeles Times is looking at another round of cost-cutting this year, aiming to cut more than $10M from its budget — - Another billionaire is having a hard time with his newspaper. — Jeff Bezos's Washington Post made big cuts — and Warren Buffett has given up on papers altogether.
Discussion:
Washington Post, @pkafka, @tomaxwell, MediaPost, Axios, The Wrap and Bloomberg
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