Top News:
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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:
Business Insider, Gizmodo, @xpangler, Next TV, The Wrap, Deadline, The Hollywood Reporter, Bloomberg and TVBEurope
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Elon Musk's Tesla, which had been famous for shunning advertising, is now running ads on YouTube, TikTok, and Elon Musk's X; the ads started in early 2024 — - Elon Musk owns X, formerly Twitter, which has an advertising problem. — Musk controls Tesla, which famously didn't buy advertising until very recently.
Discussion:
@sawyermerritt, @jyarow, Electrek, @annmlipton, @dangillmor@mastodon.social, @pkafka and @annmlipton@esq.social
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A US judge upheld parts of a National Music Publishers' Association's copyright lawsuit against X and dismissed the claim that X engaged in direct infringement — The music labels suing Twitter — now X — for copyright infringement can move forward with parts of their lawsuit.
Discussion:
US District Court, Middle District of Tennessee, Billboard and Reuters, more at Techmeme »
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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:
@danielthomasldn
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Presenter Dan Wootton says he's left GB News to launch an independent platform after Ofcom ruled misogynistic comments made on his show broke broadcasting rules — Mr Wootton's name no longer features in the channel's list of presenters on its website — Dan Wootton is out at GB News …
Discussion:
Deadline, @danwootton, Mediaite, Broadband TV News, Dan Wootton Outspoken, The Guardian, PA Media, BBC, Sky News, Byline Times and Financial Times
RELATED:
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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
Discussion:
Advanced Television and Broadband TV News
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:
@rasmus_kleis, @carolvorders, @otto_english, @seaninsound, @jamesrbuk, The Independent, Nick Manning on LinkedIn and Mediaite
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EY report: the Indian media and entertainment industry grew 8% YoY to $27.9B in 2023; TV shrank 2% YoY to $8.3B due to advertising declining by 6.5% YoY — The Indian media and entertainment industry grew 8% in 2023 to reach a value of $27.9 billion, according to the annual EY report released during …
Discussion:
Business Standard and Financialexpress
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Apple adds transcripts to Apple Podcasts, which let listeners read and search the text of the episode, available in English, French, Spanish, and German — Transcripts offer full-text display for each episode, making podcasts more accessible and immersive than ever before
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In response to the EU's ruling, Spotify submits an app update for the EU to provide pricing info within its iOS app and link users to its subscription options — Spotify isn't going to launch the in-app purchases it previously planned for the European Union, at least right now.
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TikTok moves its Creativity Program, now rebranded as the Creator Rewards Program, out of beta, and requires videos to be longer than a minute to be monetized — A year ago, TikTok introduced a new way for creators on the platform to make money: make longer videos.
Discussion:
Engadget, Tubefilter, TikTok and Fox Business, more at Techmeme »
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C-SPAN is searching for a new CEO as co-CEOs Rob Kennedy and Susan Swain step down this year; VP of Finance Matt Deprey will replace Kennedy as CFO — C-SPAN has started searching for a new CEO with longtime co-CEOs Rob Kennedy and Susan Swain stepping down this year, Cablefax has learned and confirmed.
Discussion:
The Desk, @cspansusan, Amy Maclean on LinkedIn, Deadline and The Hollywood Reporter
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Ad company Entravision says Meta plans to wind down its authorized sales partner program and end its relationships with all ASPs, including Entravision, by July — ASPs are extensions of Meta's sales teams that have local presences in various countries — Meta Platforms plans to wind …
Discussion:
Radio Ink, Inside Radio and Radio & Television …
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YouTube star Hank Green interviews The Verge EIC Nilay Patel about the pressure from algorithms, giving work away for free, AI, the fediverse, and more — On this special episode of Decoder, Complexly co-founder and YouTuber Hank Green turns the tables on Nilay Patel.
Discussion:
@waxy@xoxo.zone
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NTWRK CEO says the company plans to fold its brand and business into Complex and form Complex NTWRK, less than two weeks after acquiring Complex for $108.6M — - The parent company that owns Complex will be called Complex NTWRK, but that will be the only place the NTWRK brand exists.
Discussion:
Megan Rall on LinkedIn