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10:30 AM ET, January 23, 2024

Mediagazer

 Top News: 
CNBC:
Netflix buys the exclusive rights to WWE programs like Raw, airing in 2025 in the US, Canada, Latin America, and more; filing: the 10-year deal is worth $5B+  —  - Netflix and TKO Group Holdings said Tuesday that the streaming platform will air the WWE's flagship program Raw starting next year.
Amanda Silberling / TechCrunch:
MrBeast's first video on X earns $263K+ in ad revenue in one week, but he calls it a “facade” as he thinks advertisers bought ads after noticing its popularity  —  MrBeast made over $263,000 in ad revenue from posting his latest video on X, but the YouTube icon says he thinks this number is “a bit of a facade.”
RELATED:
Nikhil Agarwal / The Economic Times:
Zee Entertainment's shares crash 33%, marking its worst single-day fall in history, after Sony called off the $10B merger between its Indian media unit and Zee  —  Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony.
RELATED:
Reuters:
Sony sends a termination notice to Zee Entertainment to call off the $10B merger between its Indian media unit and Zee, citing unmet conditions as the reason
Jake Coyle / Associated Press:
The Associated Press receives its first Oscar nomination in history, with 20 Days in Mariupol nominated for best documentary at the Academy Awards  —  Associated Press video journalist Mstyslav Chernov covered the first 20 days of the Russian invasion of the Ukrainian city of Mariupol.
Discussion: @bryancurtis
Katie Kilkenny / The Hollywood Reporter:
Union staffers across Condé Nast brands plan a 24-hour walkout on Jan. 23, coinciding with Oscar nominations, to protest alleged unlawful bargaining practices  —  More than 400 workers at Vanity Fair, Vogue, Condé Nast Entertainment, Bon Appétit and other brands are walking …
Kourosh Ziabari / New Lines Magazine:
A look at the state of journalism in Iran as Ebrahim Raisi, the most hardline president of the Islamic Republic since 1979, cracks down on independent media  —  President Ebrahim Raisi is leaving no stone unturned to ensure his country dethrones North Korea as the most inhospitable place for reporters
Inside Radio:
Nexstar launches the NewsNation Audio Network to offer “ready to air audio clips” from the news network for participating radio stations and audio platforms  —  Nexstar Media Group's cable news network NewsNation is branching into the audio business.
Lucas Shaw / Bloomberg:
Netflix film chairman Scott Stuber plans to leave to start a production company; Netflix's Chief Content Officer will oversee films until a replacement is found  —  - Executive built streaming service's film studio as chairman … Stuber will stay on as global film chairman at least until …
Patrick Coffee / Wall Street Journal:
A look at the challenges Amazon Prime Video faces as it plans to show ads, including attracting large brands that don't already sell products on Amazon  —  The e-commerce giant must provide more high-quality content and court advertisers that don't sell products on its platform, experts say
Ted Johnson / Deadline:
Los Angeles Times managing editors Sara Yasin and Shani O. Hilton have exited less than two weeks after executive editor Kevin Merida resigned from the paper  —  UPDATED, 11:42 AM: Two more top editors have resigned from the Los Angeles Times ahead of a new round of planned layoffs.
Sahil Patel / The Information:
Memo: Verizon chief content officer Erin McPherson, who helped make distribution deals with Netflix, Disney+, and others, is leaving at the end of February  —  Erin McPherson, senior vice president and chief content officer at Verizon who spearheaded the telecom giant's content and distribution deals …
Discussion: @sizpatel and TVLine
Benjamin Mayo / 9to5Mac:
Apple will pay up to 10% more per play in Apple Music royalties for tracks where a Spatial Audio version is available, starting with January's payouts  —  Apple Music is now encouraging artists with a financial incentive to make their music available in Spatial Audio, which offers …
 
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 More News: 
Max Tani / Semafor:
The 2024 GOP primary races are failing to lure news audiences back, with ratings down, as media execs reckon with the lack of a “Trump bump” to save ad budgets
Kyle Wiggers / TechCrunch:
ElevenLabs, which uses AI tools to create and edit synthetic voices, raised an $80M Series B co-led by a16z, Nat Friedman, and Daniel Gross at a $1B+ valuation
 Earlier Picks: 
Naman Ramachandran / Variety:
The UK publishes its mid-term review of the BBC's Royal Charter, ending on December 31, 2027, saying “the BBC needs to adapt or risk losing” audience trust
 

 
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

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

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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