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
Discussion:
New York Times, Axios, The Ankler, 24/7 Wall St., Business Insider, Yahoo Finance, The Hollywood Reporter, The Wrap, Deadline, Gizmodo, Reuters and Variety
Charlotte Tobitt / Press Gazette:
Tom Rubin, OpenAI's chief of IP and content, says publisher partnerships are “largely not” about training AI but instead about use of tools and display of news — It is “incumbent” on OpenAI to make sure smaller publishers get the same potential benefits from platforms like ChatGPT …
Discussion:
The Atlantic, Vox Media, @davepell@threads.net, Bloomberg, The Drum, The Wrap and WAN-IFRA
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.
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:
Reuters, The Wrap, Variety, The Hollywood Reporter, Los Angeles Times and Deadline
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:
Telegraph, Mediaite, London Evening Standard, Financial News, City A.M. and Talking Biz 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
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:
Philo blog, @tvgrimreaper, The Streamable, StreamTV Insider, The Desk and Cord Cutters News
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 …
Hayden Field / CNBC:
Sources and docs: Twitch terminates its Safety Advisory Council, which consisted of experts, streamers and moderators who consulted on trust and safety issues — Twitch on Friday will terminate all members of its Safety Advisory Council, according to sources familiar with the situation and documents viewed by CNBC.
Discussion:
The Verge and Hayden Field on LinkedIn, more at Techmeme »
Sara Fischer / Axios:
Sources: X and Nexstar's NewsNation plan to host separate live town halls with Trump and Robert F. Kennedy Jr.; the Biden campaign has not agreed to take part — - The Biden campaign has not agreed to take part. — A spokesperson for the Biden campaign declined to comment.
Discussion:
New York Times, @sarafischer, Poynter, Washington Post, CNN, NewsNation, The Daily Beast, CBS News and WSVN-TV
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.
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 and Music Ally, more at Techmeme »
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