Top News:
Meg James / Los Angeles Times:
Report: Nelson Peltz' Trian Partners reaped ~$1B from its Disney stock after his unsuccessful proxy fight; Disney heeded some of his calls, cutting 8,000 jobs — In the end, veteran investor Nelson Peltz came away with a big win in his battle with the Walt Disney Co.
Discussion:
@rfaughnder
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CNBC:
Source: Nelson Peltz has sold his full Disney stake; in April, Peltz' Trian Partners lost a proxy battle after trying to elect Peltz and Jay Rasulo to the board — Activist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.
Discussion:
Business Insider, The Ankler, New York Times, 24/7 Wall St., Axios, Yahoo Finance, The Wrap, Deadline, The Hollywood Reporter, Gizmodo, Reuters and Variety
Wall Street Journal:
Sources: Skydance sweetens its Paramount offer, making it more favorable to both voting and nonvoting shareholders and agreeing to put more money into Paramount — Paramount's independent committee of directors is expected to review the new bid soon — Skydance Media has submitted …
Discussion:
The Wrap, Reuters, Variety, The Hollywood Reporter, Los Angeles Times and Deadline
Thomas Buckley / Bloomberg:
A look at Pixar's missteps since COVID-19: movies were released on Disney+ and key executives departed, leading to a focus on sequels to get back on track — After duds and missteps, the famed animation studio sees Inside Out 2 as key to restoring the magic.
Discussion:
Screen Rant, ComingSoon.net, World of Reel, @brianstorms@mastodon.social and The A.V. Club
Press Gazette:
UK banker Crispin Odey sues the Financial Times for libel over its June 2023 publication of allegations that Odey had sexually assaulted multiple women — Former City banker Crispin Odey is suing the Financial Times for libel after it published allegations that he had sexually assaulted multiple women.
Discussion:
Mediaite, Talking Biz News, Telegraph, London Evening Standard, City A.M. and Financial News
Reuters:
Sources: TikTok is working on a clone of its recommendation algorithm for its US users that may result in a version that operates independently of ByteDance — TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version …
Discussion:
Music Business Worldwide, Music Ally and Digital Music News, more at Techmeme »
Emma Roth / The Verge:
Meta begins rolling out TweetDeck-style customizable feeds on Threads globally, following a test that started earlier this month — Threads is widely rolling out a desktop site redesign that lets you customize your homepage with a series of feeds, similar to TweetDeck.
Daniel Frankel / Next TV:
Virtual MVPD Philo, which carries 70+ entertainment channels and has 1M+ subscribers, raises prices for its Core tier to $28 per month, and adds AMC+ to Core — Sports-free virtual pay TV service is now streaming 70 channels for $28 a month, but it is tacking on AMC+ for free
Discussion:
The Streamable, Philo blog, @tvgrimreaper, StreamTV Insider, The Desk and Cord Cutters News
Peter Beaumont / The Guardian:
A Haaretz journalist reveals Israeli security officials threatened him and blocked his reporting about a Mossad chief's efforts to intimidate an ICC prosecutor — Haaretz journalist was warned of ‘consequences’ if he reported on attempts by Mossad chief to intimidate ex-prosecutor
Anthony D'Alessandro / Deadline:
Brian Weinstein moves from president and COO of Bad Robot to serving as 3 Arts Entertainment co-CEO and senior adviser to Lionsgate CEO Jon Feltheimer — Former Bad Robot President and COO, Brian Weinstein, is heading over to Lionsgate in what is a dual role: He'll be the Co-CEO …
The Hollywood Reporter:
Reality TV is facing a slowdown as jobs become scarce, budgets get crunched, and executives take fewer risks, coming as a surprise to some industry insiders — Development and production have been sluggish since the strikes, leaving desperate workers in the lurch: “All of a sudden the faucet just turned off.”
Discussion:
Becca Gross on LinkedIn and Steve Katz on LinkedIn
The Citizen Lab:
An investigation finds seven Russian and Belarusian journalists and activists who were targeted and/or infected by Pegasus between August 2020 and January 2023 — Summary — In a joint investigation with Access Now, we found that seven Russian and Belarusian-speaking independent journalists …
Discussion:
Access Now, Committee to Protect …, @Xeniax@mastodon.ml, @citizenlab@mastodon.social, The Guardian and Bloomberg
Sara Fischer / Axios:
The Atlantic and Vox Media sign multiyear licensing and product deals with OpenAI; The Atlantic plans an experimental Atlantic Labs with OpenAI's and other tech — - The Atlantic has been publishing content since 1857. … - Both agreements also allow OpenAI to tap into the respective …
Discussion:
TechCrunch, Engadget, Media Voices, Awful Announcing, Poynter, Columbia Journalism Review, @stephentotilo, @vox_union, Vox Media, @xpangler, @emilybell, @nxthompson, @vox_union, @edmundlee, The Atlantic, @pranavdixit, @rafat, @jeffjarvis, @tsuvik, @tomwarren, @nkulw, @edmundlee, @openai, The Hollywood Reporter, VentureBeat, @attackerman.bsky.social, Bloomberg, @WarnerCrocker@mastodon.social, The Verge, @quillmatiq@threads.net, @daveleebbg@threads.net, @kylie.robison@threads.net, @reckless1280@threads.net, @jbillinson@threads.net, The Information, Variety, The Wrap, The Drum, @dandock.bsky.social, @dandock.bsky.social, The Hill and @chrismvasq.bsky.social
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