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9:30 PM ET, March 15, 2024

Mediagazer

 Top News: 
Lucas Manfredi / The Wrap:
Amid its proxy fight, Disney reveals the return on investment for its franchises: 9.9x for Frozen, 5.5x for Toy Story, 3.3x for Marvel, and 2.3x for Star Wars  —  The tentpoles have generated $11.6 billion and $13.2 billion in value, respectively, since their $4 billion acquisitions in 2009 and 2012
Washington Post:
The TikTok bill likely will spur a battle over the First Amendment and national security if it becomes law; TikTok's CEO vows to use the company's legal rights  —  The forced-sale measure has reinvigorated a debate over speech, national security and government power.
RELATED:
Taylor Lorenz / Washington Post:
Small-business owners, educators, and activists who rely on TikTok say the US House measure forcing a sale or ban threatens their livelihoods and the economy
Ernie Smith / Tedium:
Deadspin's new owner, Lineup Publishing, shares an IP address with a Finnish casino spam blog and is hosted in Malta, which is known as an online gambling haven  —  I am so obsessed with trying to figure out who Deadspin's new owners are that it led me to some late night spam-blog sleuthing.
Committee to Protect Journalists:
CPJ calls on Pakistan authorities to release journalist Asad Ali Toor, return his devices, and cease harassing him for his work; he was arrested February 26  —  Pakistan authorities must immediately and unconditionally release independent journalist Asad Ali Toor, return his devices …
Financial Times:
Sources: TikTok's US revenue hit a record $16B in 2023 while ByteDance saw revenue grow ~40% YoY to $120B in 2023 and recorded a $28B net profit  —  Parent company ByteDance on track to become world's biggest social media group with $120bn in global sales  —  TikTok has hit $16bn in sales in the US …
Houston Landing:
Houston Landing CEO Peter Bhatia names Austin-American Statesman Executive Editor Manny García as new editor in chief and Angel Rodríguez as managing editor  —  - Click to email a link to a friend (Opens in new window) … Manny García is the new editor in chief of Houston Landing …
Peter White / Deadline:
Former Apple and Hulu executive Peter Distad is named CEO of the sports-focused streaming joint venture backed by Disney, Fox, and Warner Bros. Discovery  —  The upcoming sports streaming service from Disney, Fox & Warner Bros. Discovery has found its boss.
Varun Vyas / Reuters:
Disney's Star India starts arbitration proceedings against Zee Entertainment for alleged non-compliance with the terms of a cricket broadcasting agreement  —  Walt Disney (DIS.N)-owned Star India has started arbitration proceedings against Zee Entertainment Enterprises (ZEE.NS) …
Discussion: The Economic Times
 
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 More News: 
Wired:
Interviews with 60+ people, including current and ex-Reddit employees and moderators, document Reddit's history, attempts to imitate Clubhouse and Twitch, more
Benjamin Mullin / New York Times:
Sports Illustrated's operators told staff the magazine would end its print edition after May; the message runs counter to owner Authentic Brands' earlier stance
 Earlier Picks: 
Todd Spangler / Variety:
Pornhub blocks access to users in Texas, after a federal appeals court upheld a Texas law last week requiring porn sites to institute age-verification measures
Steven Monacelli / Nieman Lab:
Advantage Informatics, which has a contract with Gannett to provide “advertorial content”, has deep ties to “pink slime” sites from Brian Timpone's Metric Media
 

 
From Techmeme:

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

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

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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