Top News:
Todd Spangler / Variety:
Memo: Paramount starts layoffs to reduce costs; sources say ~800 employees, or an estimated 3% of its headcount, are getting cut across all divisions — Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide — an estimated 3% of its headcount — as it looks to trim costs.
Discussion:
New York Post, Los Angeles Times, The Guardian, The Desk, Observer, CNBC, The Hollywood Reporter, Reuters, CNN, Adweek, Deadline, Engadget, Defector, New York Times, Next TV, Ad Age, Fortune, @thesimonetti, The Wrap, Quartz, The Information, Barrett News Media, Bloomberg, @sherman4949, IndieWire, Deadline, @sherman4949, Forbes, Advanced Television and Cord Cutters News
Selome Hailu / Variety:
Nielsen and Adobe Analytics: Super Bowl 2024 averaged 123.4M viewers across CBS and streaming services, making the game the most-watched US telecast ever — The Feb. 11 Super Bowl game between the Kansas City Chiefs and the San Francisco 49ers brought in an average of 123.4 million viewers …
Discussion:
The Wrap, Fast Company, CNN, CNN, The Hollywood Reporter, Deadline, FOX 26 Houston, MarTech, HuffPost, Shelly Palmer, @cbssportsgang, IndieWire, Vanity Fair, VIBE.com, Andrew Steinberg on LinkedIn, @deggans, Bleacher Report, Poynter, @claytravis, Billboard, Dr Rochelle Parks-Yancy on LinkedIn, Financial Times, New York Times, Paramount Press Express, Adweek, Mediaite, Awful Announcing, Sports Media Watch, Los Angeles Times, CNBC, The Wrap, TVLine, Reuters, Fox Business, GoldDerby, Decider and Wall Street Journal
Georg Szalai / The Hollywood Reporter:
Q&A with Marc Jury, the CEO of African streamer Showmax, on doubling down on originals, working with Comcast, the appeal of the English Premier League, and more — Marc Jury discusses the appeal of the English Premier League, the challenges of serving 44 markets across sub-Saharan Africa …
Mark Stenberg / Adweek:
Axel Springer announces its first US leadership team, a 10-person group that includes Politico Europe co-founder Gabriel Brotman, a sign of its US ambitions — The 10-person cohort includes five new hires and points toward centralization — German media company Axel Springer announced …
Discussion:
PRWeek, @nickpacilio, Zia Daniell Wigder on LinkedIn, Axel Springer SE and @markstenberg3
Bloomberg:
A look at Adobe's careful adoption of AI, pushed by Dall-E and Midjourney, as it tries to differentiate its tools by emphasizing brand safety and IP protections — Dall-E and Midjourney pushed the Photoshop behemoth to develop Firefly, a suite of AI tools. Will creatives get on board?
Kristin Robinson / Billboard:
The Mechanical Licensing Collective sues Pandora for allegedly failing to adequately pay and report monthly royalties, including for its ad-supported tier — This is the first time the mechanical licensing organization has filed a lawsuit against a streaming service.
Discussion:
Inside Radio, The Desk, RouteNote Blog, Music Business Worldwide, CMU and Digital Music News
Todd Spangler / Variety:
Memo: SiriusXM plans to cut ~160 jobs, or ~3% of its workforce, after laying off 475 employees, or ~8% of its workforce, in March 2023 — SiriusXM is eliminating about 160 jobs, a move to cut expenses that represents a layoff affecting just under 3% of the satellite radio and audio streamer's workforce.
Matthew Keys / The Desk:
TVNewsCheck, which covers the TV broadcasting business, says it is suspending updates to its website and newsletters but will continue its events and webinars — TV NewsCheck, a popular online publication that covers the television broadcast industry, says it will temporarily stop publishing new articles …
Discussion:
Ethan Holland on LinkedIn and TVNewsCheck
Leo Schwartz / Fortune:
Source: DCG sold CoinDesk for between $70M to $80M in November 2023 after buying it for $500K in 2016 — When CoinDesk published a suspicious balance sheet of Sam Bankman-Fried's trading firm in November of 2022, it set off a chain of events that would upend every corner of the crypto industry—including its own.
Chris Vallance / BBC:
The BBC says its iPlayer streaming service will stop supporting PC and Mac program downloads in March 2024, citing cost and low usage, but mobile is unaffected — The BBC's iPlayer streaming service is to end downloads for users who watch on desktop or laptop computers.
Discussion:
Daily Mail, @alexgjohnson, London Evening Standard, Wales Online, The Mirror, Leicestershire Live, GB News, Daily Record, @robertrea, Metro.co.uk, Yorkshire Live, LADbible, Birmingham Live, Coventry Live, @stevegerrard, Daily Express, Liverpool Echo, The Irish Sun, @sorreld, TechRadar, Cord Busters, @back_the_bbc, Chronicle Live, BBC and Advanced Television
Ernesto Van der Sar / TorrentFreak:
A US judge says OpenAI must face a claim of violating CA unfair competition law by using copyrighted books, but dismisses some claims like DMCA violations — In recent months, rightsholders of all ilks have filed lawsuits against companies that develop AI models.
Discussion:
The Verge, Reuters, @big_cases, Bloomberg Law and @torrentfreak@defcon.social
Reuters:
Thai police arrest journalists Nattaphol Meksobhon and Nattaphon Phanphongsanon over a story on an activist spray painting an anarchist symbol on a temple — Two Thai journalists have been arrested for their story about an activist spray painting an anarchist symbol and a symbol critical of …