Mediagazer: Memo: Sony Pictures Entertainment promotes Global Television Studios and Corporate Development chairman Ravi Ahuja to president and COO, effective April 1 (Lucas Manfredi/The Wrap)

2:20 PM ET, March 6, 2024

Top News:

Lucas Manfredi / The Wrap:

Memo: Sony Pictures Entertainment promotes Global Television Studios and Corporate Development chairman Ravi Ahuja to president and COO, effective April 1 — The TV chief, who will take on the expanded role effective April 1, will continue to report to chairman and CEO Tony Vinciquerra

Discussion: Deadline and Hollywood Reporter

Sara Fischer / Axios:

An interview with LinkedIn EIC Dan Roth on investing in journalism and news, work with over 400 news publishers globally, launching a podcast network, and more — - Unlike Facebook and X, traffic referrals to news publishers have increased slightly from LinkedIn over the past three years, per Similarweb.

Discussion: Dan Horowitz on LinkedIn, @jbhavan, Katie Carroll on LinkedIn, @silmonn, Paul Quigley on LinkedIn, Heather Harder on LinkedIn, Michael Learmonth on LinkedIn, @jeffjarvis, @ismaelnafria, Media Voices, @risj_oxford and @eriqgardner

Todd Spangler / Variety:

WBD plans to shut down Rooster Teeth after failing sell the unprofitable fandom, gaming, and comedy entertainment unit, resulting in layoffs of ~150 employees — Warner Bros. Discovery in talks to sell shows like ‘RWBY,’ ‘Red vs. Blue’ and ‘Gen:Lock’ and will shop the Roost podcast network

Discussion: Popverse Latest, Deadline, I Have Hope For A Better …, The Hollywood Reporter and Fanfictions and RWBY …

Will Sommer / Washington Post:

Road & Track magazine quietly pulls a piece by socialist writer Kate Wagner covering an F1 race in Austin in a trip funded by UK petrochemicals company INEOS — Editors for Road & Track aren't saying why they yanked Kate Wagner's story from the website shortly after it published

Alex Weprin / The Hollywood Reporter:

CNBC expands its Make It personal finance brand with new ventures like a weekly TV series and online classes, and says Make It is its largest vertical — A ‘Make It’-branded TV series and an online course are among the projects in the works. — CNBC is expanding its presence …

Discussion: Kamelia Angelova on LinkedIn and Jessica Leibowitz on LinkedIn

Cormac Pearson / The Independent:

More than 100 MPs back an amendment to the UK's Digital Markets Bill requiring parliament's approval before UK news outlets can be bought by foreign governments — The amendment would require parliament's approval before UK news media organisations could be purchased by a foreign government

Discussion: @robertjenrick, @pressgazette and @tinastowell

Chris Welch / The Verge:

Tidal plans to combine its HiFi and HiFi Plus plans into a single $10.99/month “Tidal” plan, below HiFi Plus' $19.99/month; students will still pay $4.99/month — Tidal seems to have decided that there just aren't enough people willing to pay upward of $20 per month for the highest-possible audio fidelity.

Discussion: Music Ally, Music Business Worldwide, Engadget, CMU, TIDAL and Billboard

Daniel Thomas / Financial Times:

BBC Studios CEO Tom Fussell plans to spend “tens of millions” of pounds to find the next global hit like Bluey; BBC Studio raised its debt facility to £600M — Commercial arm of broadcaster will ‘really go out to the market’ to develop new shows

Discussion: Deadline, @danielthomasldn and Advanced Television

Todd Spangler / Variety:

At a tech and media conference, Bob Iger says Disney is working to catch up with Netflix's tech capability and downplays the effects of activist investors — CEO says Nelson Peltz's activist investor proxy fight ‘designed to distract us’; reveals studio has ‘killed a few’ movie projects

Discussion: The Streamable, Screen Rant, Quartz, Deadline, The Hollywood Reporter, Media Play News, Broadband TV News, Business Insider, @xpangler, Next TV, The Wrap, Deadline and TVBEurope

Lauren Forristal / TechCrunch:

Dish-owned streamer Sling TV launches a gaming platform called Arcade, free for Sling TV and Sling Freestream customers on Amazon Fire TV and Android TV — DISH-owned streaming service Sling TV announced today the launch of its new gaming platform called “Arcade,” featuring classic arcade games like Tetris …

Discussion: The Desk, SLING TV and Cord Cutters News

Bloomberg:

Sources: Paramount Global is in discussions to sell its minority stake in Viacom18 in India to Reliance — - Reliance, Disney agreed to merge India media units last month — Global giants have struggled to grow in India in recent years — Paramount Global is in discussions to sell …

Discussion: Media Play News and @lucas_shaw

Max Goldbart / Deadline:

The UK announces an extended indie movie tax credit for films that have budgets between £1M and £15M, along with business rates relief for big studios — The UK government is to introduce an extended indie movie tax credit for films that have budgets between £1M and £15M …

Discussion: Variety, The Hollywood Reporter and WORLD SCREEN

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