Top News:
Justin Baragona / The Daily Beast:
In a company-wide email, G/O Media CEO Jim Spanfeller announces the sale of Gizmodo to European digital media company Keleops — ANOTHER ONE — The sale will keep the tech website's entire staff intact, G/O Media CEO Jim Spanfeller wrote in a company-wide memo obtained by The Daily Beast.
Discussion:
New York Times, The Wrap, Adweek, @pkafka, @jaycodon, @tomgara, @danackerman, @asilbwrites and @justinbaragona
Lauren Forristal / TechCrunch:
TuneIn partners with Discord, bringing TuneIn's full free live radio and podcast library to Discord's Activity app directory — Audio streaming service TuneIn is teaming up with Discord to bring free live radio to the platform. This is TuneIn's first collaboration with a social platform …
Discussion:
@discord, RadioInsight, @buckwilson and Richard Stern on LinkedIn
Sara Fischer / Axios:
The WSJ introduced a multimillion-dollar brand advertising campaign on June 3, its first major brand campaign in years, focused on broadening subscriber appeal — - This is the Journal's first major brand campaign in years. … - The campaign tagline, “It's Your Business,” is meant to …
CNBC:
Paramount leadership presents a plan that includes job cuts, a potential streaming JV, and divesting non-core assets if a sale of the company doesn't happen — The current leadership of Paramount Global presented a go-forward plan at the company's annual shareholder meeting Tuesday in the event a sale of the company doesn't happen.
Discussion:
IndieWire, Los Angeles Times, The Information, Axios, The Hollywood Reporter, @allie_canal, Reuters, @sherman4949, @allie_canal, Fast Company and New York Post
Jennifer Maas / Variety:
WBD increases the price for Max's ad-free version from $15.99 to $16.99 per month and the Ultimate ad-free tier from $19.99 to $20.99 per month — Warner Bros. Discovery has increased the price for its ad-free versions of streamer Max just ahead of HBO's “House of the Dragon” Season 2 premiere on June 16.
Discussion:
Los Angeles Times, The Streamable, The Verge, IndieWire, The Wrap, TVLine, The Hollywood Reporter, Engadget, @sarafischer, The A.V. Club, ComingSoon.net, @jbflint, Deadline, Media Play News, Next TV, BGR, @variety, @tvgrimreaper, Digital Trends and CNN
Emily Baker-White / Forbes:
Sources: TikTok accounts, including brands and celebrities like CNN and Paris Hilton, are getting hacked via a zero-day exploit that only requires opening a DM — The compromised accounts include CNN and Paris Hilton — and all users have to do to be hacked is open a DM, according to company sources.
Discussion:
TechCrunch, New York Post, BGR, @ebakerwhite and Tubefilter, more at Techmeme »
Paul Vieira / Dow Jones Newswires:
Canada's broadcast regulator orders foreign streaming services with C$25M+ in sales to contribute 5% of Canadian sales to help fund local content from Sept. 1 — OTTAWA—Canada's broadcast regulator on Tuesday said foreign streaming services like Netflix, Disney+, Spotify and Amazon Prime Video …
Discussion:
Reuters, CBC News, @jackshafer and Media Play News
Rob Rose / Financial Times:
South Africa's MultiChoice recommends that shareholders accept Canal+'s buyout offer that values the company at $2.9B and will remain open until April 2025 — Takeover of Africa's largest pay-TV operator must overcome regulatory hurdles — Africa's largest pay-TV operator, MultiChoice …
Discussion:
WORLD SCREEN, Reuters, Bloomberg, Business Insider and Advanced Television
Matt Stieb / New York Magazine:
US prosecutors charge The Epoch Times' CFO Bill Guan with conspiracy to commit money laundering for allegedly moving at least $67M in illegally obtained funds — One of the strangest stories in media over the past decade is the Epoch Times, a formerly free newspaper distributed on the streets …
Discussion:
US Department of Justice, The Guardian, New York Post, @daveweigel, New York Times, @brandyzadrozny, @brandyzadrozny, @will_bunch, @semaforben, @justinbaragona, @jaredlholt, @brandyzadrozny, @daveweigel, @emilybell, @scottnover, @annamerlan, @bryson_m, Al Jazeera, @trueanonpod, @davidgerard, Associated Press, NPR, Rolling Stone, Business Insider, Courthouse News Service, @howelloneill@infosec.exchange, @jbillinson@threads.net, The Daily Beast, @kurtsh@mastodon.social, Mediaite and @nickheer@c.im
Wayne Ma / The Information:
Sources: Apple was in talks last year to debut Apple TV+ in China via a deal with China Mobile, which would make it the only US video streaming service in China — Apple was in talks last year to launch its Apple TV+ video streaming service in China via a deal with China Mobile …
Discussion:
AppleInsider, @niubi, @waynema and 9to5Mac, more at Techmeme »
Max Goldbart / Deadline:
Disney EMEA President Jan Koeppen says Disney spent £3.5B on production in the UK since 2019, including on 29 films; Netflix spent $6B in the UK in 2019 to 2023 — Disney has spent £3.5B ($4.5B) on production in the UK since 2019, EMEA boss Jan Koeppen has revealed.
Discussion:
Variety and The Hollywood Reporter
Brody Ford / Bloomberg:
Shutterstock CEO Paul Hennessy says the company's licensing business with AI companies made $104M in revenue in 2023 — - Reka AI is latest customer to announced deal with Shutterstock — OpenAI, Meta, among others using Shutterstock images for AI
Discussion:
@webjournalist.bsky.social and Brody Ford on LinkedIn, more at Techmeme »
Michael M. Grynbaum / New York Times:
A profile of Robert Winnett, the low-key, scoop-obsessed UK editor who will take charge of WaPo's newsroom this fall after 17 years at The Telegraph — Robert Winnett is virtually unknown in the U.S. and keeps a low profile in his native Britain, too. This fall, he will oversee the newsroom of Woodward and Bernstein.
Discussion:
Washington Post, @grynbaum, @benmullin, The Media Leader, The Desk, Press Gazette, Washington Post, The Guardian and Talking Biz News
RELATED:
New York Times:
Source: Will Lewis told Sally Buzbee she could run one of the new WaPo divisions, in what would've been an effective demotion for her; Buzbee chafed at the idea
Discussion:
MediaPost, Poynter, @benmullin, @benmullin, Mediaite, @brianvastag@sciencemastodon …, Digital Journal, The Wrap, @samlitzinger@journa.host, @ChrisBoese@newsie.social, The Media Leader, Al Jazeera, New York Post, Associated Press, Washington Post, Axios, Washington Post, @davidfolkenflik, @cnn@threads.net and The Information
NOTUS:
WaPo staffers say they are concerned that Will Lewis is trying to impose a new editorial vision without giving them clarity ahead of the contentious US election
Discussion:
The Guardian, Media Nation, NPR, Associated Press, Columbia Journalism Review, @thesarahkelly, @hshaban, @hshaban, @charlottetklein, @brianstelter, Fox News, @peltast@mstdn.ca, Vanity Fair, @karlbode.bsky.social, @indorfin.bsky.social, @gbbranstetter.bsky.social, Poynter, @tanzinavega@threads.net, MediaPost and New York Times
Lucas Shaw / Bloomberg:
Antenna: Spotify users are the least likely to cancel among major video or audio streaming services in the US, with a ~2% monthly churn rate, similar to Netflix — Its customers are the least likely to cancel among major video or audio streaming services. — Good afternoon from Chicago …
Discussion:
Music Ally, @lucas_shaw, @lucas_shaw, The Information and Deadline
RELATED:
Tom Warren / The Verge:
Spotify plans to raise US prices: Premium from $10.99 to $11.99 per month, Duo from $14.99 to $16.99, and Family from $16.99 to $19.99, after a July 2023 hike
Discussion:
Spotify, The Hill, @ccm_brett, @radnorcapital, 9to5Google, @film_girl, @alexweprin, @tomwarren, The Hollywood Reporter, The Desk, Variety, Engadget, CBS News, Gizmodo, The Media Leader, Bloomberg, Micah Willbrand on LinkedIn, CNBC, Digital Trends, Music Ally, 9to5Mac, The Wrap, KTVX-TV and TechCrunch
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