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6:00 PM ET, July 2, 2024

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RELATED:
New York Times:
Sources: Barry Diller is exploring a bid to take control of Paramount; his digital media conglomerate, IAC, has signed NDAs with National Amusements  —  Mr. Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago.  Now, he's making a run at its parent company.
Alex Sherman / CNBC:
Sources: Paramount Global is in discussions with other companies about merging Paramount+ with their streamers; WBD is interested in merging Max and Paramount+
Lillian Rizzo / CNBC:
EverPass Media, which has commercial rights to NFL's Sunday Ticket, acquires UPshow, a service that enables live sports streaming at commercial establishments  —  A satellite dish is no longer the only way bars and restaurants can air the National Football League's package of “Sunday Ticket” games.
Yadarisa Shabong / Reuters:
The London Stock Exchange Group partners with Dow Jones to share news and data; the companies plan a curated news space in LSEG's Workspace platform in 2025  —  The London Stock Exchange Group (LSEG.L) announced a multi-year news and data partnership with Dow Jones that will include content …
Melanie Goodfellow / Deadline:
VFX company DNEG raised $200M from Abu Dhabi's UASG at a $2B+ valuation to expand its Brahma division, which is developing an AI-powered, photo-real CGI creator  —  London-based The DNEG Group has secured a $200M capital injection from Abu Dhabi investment firm United Al Saqer Group (UASG).
Paresh Dave / Wired:
Some YouTube employees detail internal deliberations about content relating to the Israel-Hamas war and accuse the company of inconsistent moderation  —  Insiders have shared YouTube's playbook for handling the Gaza crisis.  They argue that it shows inconsistent enforcement.
The Moscow Times:
Spotify has removed the songs and profiles of pro-war Russian artists sanctioned by the EU; their profiles remain accessible on Apple Music and YouTube  —  Music streaming service Spotify has removed the songs and profiles of pro-war Russian artists sanctioned by the West, the Sweden-based company told The Moscow Times on Thursday.
Reece Rogers / Wired:
AI spam still sometimes ranks higher than original reporting in Google Search despite Google's adjustments to target AI spam in March 2024  —  Google adjusted its policies to target AI spam earlier this year, but plagiarizing content still comes up higher in search results months later—and SEO experts aren't sure why.
Stephanie Palazzolo / The Information:
Source: Runway, a startup focusing on generative AI video for Hollywood and other filmmakers, is in talks to raise $450M at about a $4B valuation  —  Runway, already the best funded among a cluster of startups developing artificial intelligence software to generate videos for Hollywood …
Lloyd Coombes / Tom's Guide:
Generative AI music service Suno launches its iOS app in the US, with plans for a global rollout and an Android app  —  An AI studio in your pocket.  —  You're in luck if you've ever wanted to make music using Suno while away from your computer.  It is now available on iOS — at least, it is if you're in the U.S.
 
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 More News: 
Eugen Rochko / Mastodon Blog:
Mastodon adds clickable bylines under article links, pointing to the author's fediverse account; The Verge and MacRumors are among the pubs using the feature
Lucas Manfredi / The Wrap:
Ampere Analysis: in Q1 2024, Netflix and Amazon commissioned 53% of all original streaming titles globally, spurred by increased investment outside of the US
Georg Szalai / The Hollywood Reporter:
Tubi launches in the UK with over 20K movies and TV episodes, featuring content from distributors including Disney, Lionsgate, NBCUniversal, and Sony Pictures
 Earlier Picks: 
Katie Robertson / New York Times:
Terence Samuel, the editor-in-chief of USA Today, leaves the role after a year; Caren Bohan, the executive editor of politics, is named interim EIC
Foo Yun Chee / Reuters:
Preliminary findings: the EU says Meta's pay or consent ad model breaches the DMA; Meta faces a fine of up to 10% of its global annual turnover if found guilty
 

 
From Techmeme:

Christopher Mims / Wall Street Journal:
TrendForce: data centers will use 70%+ of the high-end memory chips all manufacturers will produce in 2026, with little new manufacturing capacity until 2027

Valentine Baldassari / Bloomberg:
Micron signs a letter of intent to buy a fabrication site in Taiwan from Powerchip for $1.8B to expand DRAM memory chip production, expected to close in Q2 2026

Rob Copeland / New York Times:
A look at Michael Saylor's Strategy, known for buying bitcoin via creative financing strategies, as its stock trades way below its peak amid the crypto downturn
 
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