Top News:
Javier Espinoza / Financial Times:
The EU Commission fines Apple €1.8B for stifling competition from rival music streaming services, the EU's third-largest antitrust fine; Apple plans to appeal — iPhone maker hit by first-ever Brussels fine as competition watchdogs step up scrutiny of Big Tech
Discussion:
European Commission, Spotify, The Verge, Total Telecom, 9to5Mac, Business Insider, @om, AppleInsider, TechCrunch, The Drum, @willoremus, @sarafischer, @pkafka, Associated Press, Imprisoned for llama crimes, Digital Music News, Mark Shaw on LinkedIn, Federica Tremolada on LinkedIn, @lisaocarroll, @lisaocarroll, @samuelstolton, @eu_commission, @vestager, Bloomberg, VentureBeat, @carnage4life@mas.to, CMU, Ad Age, Los Angeles Times, Media Play News, TechCrunch, Deadline, CNBC, CityAM, Advanced Television, New York Times, CBS News, Wall Street Journal, Semafor, Fox Business, CNN, TechCrunch, The Hollywood Reporter and The Wrap, more at Techmeme »
RELATED:
Apple:
Apple says Spotify was the “primary advocate” and “biggest beneficiary” of the EU's ruling, Spotify pays Apple nothing, and that “free isn't enough for Spotify” — CUPERTINO, CALIFORNIA Today, the European Commission announced a decision claiming the App Store …
Discussion:
Deezer Newsroom, Reuters, @timsweeneyepic, 9to5Mac, Wired, @ugambini, @raulpesch, @bostoenfriso, @florian4gamers, @lewis_crofts, TechCrunch, Fast Company, The Information, MediaNama, @zach_cer, Digital Music News, BleepingComputer, Music Business Worldwide, New York Post, Rolling Stone, The Hill, Al Jazeera, @danielpunkass@mastodon.social, @james@bne.social, BGR, AppleInsider, Music Ally, @oliverhaslam@mastodon.social and Variety, more at Techmeme »
Daniel Thomas / Financial Times:
Filing: GB News owner All Perspectives has been forced to provide a further £41M in funding to cover operating costs, and is now owed £83.8M by GB News — Vehicle backed by hedge fund tycoon Paul Marshall steps in as right-leaning broadcaster increases number of staff
Discussion:
Advanced Television and Broadband TV News
RELATED:
Bron Maher / Press Gazette:
GB News reports year to May 2023 revenue up 80% YoY to £6.7M, losses up 38% YoY to £42.4M, for £76M in losses since 2021, and 295 staff, up from 175 in May 2022
GB News reports year to May 2023 revenue up 80% YoY to £6.7M, losses up 38% YoY to £42.4M, for £76M in losses since 2021, and 295 staff, up from 175 in May 2022
Discussion:
Mediaite, @rasmus_kleis, Nick Manning on LinkedIn, @carolvorders, @otto_english, @seaninsound and @jamesrbuk
Lucas Manfredi / The Wrap:
Warner Bros. Discovery plans to start cracking down on Max password sharing later this year with a wider rollout in 2025, joining rivals Netflix and Disney+ — The streamer's paid sharing initiative will launch later this year, with a broader rollout in 2025
Discussion:
Cord Cutters News, @culturecrave, Yahoo Finance, @thestreamable, Media Play News, @lucas_shaw, NewscastStudio, Next TV, @iamadequate_, The Streamable, BGR and 9to5Mac
RELATED:
Lucas Shaw / Bloomberg:
While HBO hit streaming DTC profitability under David Zaslav, via licensing to Netflix, slashing marketing, layoffs, and more, WBD's stock is down 25%+ YTD
While HBO hit streaming DTC profitability under David Zaslav, via licensing to Netflix, slashing marketing, layoffs, and more, WBD's stock is down 25%+ YTD
Discussion:
Appleosophy, @lucas_shaw, @lucas_shaw, @jalefkowit@octodon.social, @masasoncap, @lucas_shaw, @tvgrimreaper and Fox Business
Laura Wagner / Washington Post:
The NewsGuild of New York accuses the NYT of targeting staff with Middle Eastern or North African backgrounds in a investigation into October 7 coverage leaks — In a letter to the publisher, a union leader said the leak probe has singled out employees ‘for their national origin, ethnicity and race’
Todd Spangler / Variety:
Fox CEO Lachlan Murdoch says the Fox, Disney, and WBD sports streaming joint venture is anticipating signing up 5M customers in the first five years — The 5 million mark will be where the JV “settles after five years,” Murdoch said, speaking Monday at the 2024 Morgan Stanley Technology, Media & Telecom Conference in San Francisco.
Discussion:
Deadline, Poynter, @jbflint, New York Post, Sports Media Watch, Sportico, @jbflint, Business Insider, @sherman4949, The Streamable, The Desk, Reuters, The Wrap, Awful Announcing, Media Play News and Bloomberg
Jesse Whittock / Deadline:
Source: Amazon Prime Video plans to lay off less than 5% of its staff across its European offices, as part of a restructure impacting Europe, MENA, and Africa — EXCLUSIVE: Prime Video is today beginning job consultations with staff in Europe, we hear. — It's understood a figure of less …
Discussion:
The Desk
Elizabeth A. Harris / New York Times:
Authors Equity, a US book publisher from former Penguin Random House and Macmillan executives, launches with plans to give authors the “lion's share” of profits — Authors Equity is tiny but has big industry names behind it. Its founders hope their profit-sharing approach and experience will entice authors.
Discussion:
Publishing Perspectives, Wall Street Journal and The Bookseller
Max Goldbart / Deadline:
Ofcom has “significant concerns about GB News' editorial control of its live output” after finding GB News in breach over Laurence Fox's misogynistic comments — Ofcom has said it has “significant concerns about GB News' editorial control of its live output” …
PA Media:
TalkTV plans to close down its linear TV channel in early summer 2024 and go online only, weeks after Piers Morgan left his daily show on the channel — Move announced by News UK venture comes weeks after Piers Morgan left his daily show on channel — TalkTV will be taken off air …
Discussion:
The Desk, The Media Leader, Deadline, The i Paper, Telegraph, @mediaguido, @mediaguido, @scottygb, Guido Fawkes and TVBEurope
Jane Elizabeth / Nieman Lab:
A look at the Chicago Public Media merger with Chicago Sun-Times two years later: newsroom and staff compensation grew, Sun-Times dropped paywall, and more — After a $61 million acquisition by public media, Chicago-Sun Times readers get free content and the newsroom has grown.
Discussion:
American Press Institute, Holly Edgell on LinkedIn and @philmeyer@newsie.social
Bloomberg:
Vivendi's Canal+ increases its bid for South Africa's MultiChoice by almost a fifth, valuing MultiChoice's shares at $2.9B, and enters exclusive takeover talks — - Vivendi's Canal+ is working with JPMorgan, Bank of America — Vivendi says its committed to JSE listing, transformation
Discussion:
Deadline, Broadband TV News and TVBEurope