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1:35 PM ET, July 2, 2024

Mediagazer

 Top News: 
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.
RELATED:
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+  —  Paramount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform.
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).
Wall Street Journal:
Sources: Imagine Entertainment, led by Ron Howard and Brian Grazer, is seeking a buyer after receiving some inbound interest from a potential suitor  —  Production company behind ‘Apollo 13’ is working with bankers to explore a sale  —  Imagine Entertainment, the Hollywood production company known …
Discussion: Deadline, Variety, The Wrap and TVNewsCheck
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  —  Terence Samuel, a veteran journalist, had been in the role for a year.  —  Terence Samuel, the editor in chief of USA Today …
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.
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  —  The growth comes from increased investment in international territories, according to Ampere Analysis
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.
Ben Smith / Semafor:
Candle Media plans to split into two divisions: animation will be folded into Moonbug and the rest will move into a live-action division called Candle Studios  —  The Scoop  —  Candle Media, the Blackstone-backed firm rolling up Hollywood production companies, is moving to slash costs …
Discussion: The Wrap and @semaforben
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.
 
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 More News: 
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
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
Alex Griffing / Mediaite:
Hunter Biden sues Fox News over its six-part “mock trial” series The Trial of Hunter Biden, alleging the network targeted him to “harass” and “humiliate” him
 Earlier Picks: 
Alex Weprin / The Hollywood Reporter:
Sesame Workshop, the non-profit that produces Sesame Street, names Sherrie Westin as its new CEO, as it plans to “reimagine” Sesame Street starting in fall 2025
CBS News:
SCOTUS orders lower courts to take another look at Texas' and Florida's social media laws, saying neither lower court conducted proper analysis of 1A challenges
Charlotte Tobitt / Press Gazette:
B2B information and data provider Wilmington sells its UK healthcare business, which includes Health Service Journal, to PE firm Inspirit Franklin for £26M
Katie Kilkenny / The Hollywood Reporter:
Some Hollywood writers and actors are struggling to meet salary or work requirements to keep their union's health insurance plans, following the 2023 strikes
 

 
From Techmeme:

MacKenzie Sigalos / CNBC:
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% to $2.25B, Cash App gross profit up 21% to $1.31B; SQ drops 6%+ after hours

Devindra Hardawar / Engadget:
Mac mini (2024) review: incredibly fast with the M4 Pro, well-equipped for creative work, and smaller design takes less space, but spec upgrades are overpriced

Bloomberg:
Source: Baidu plans to unveil smart glasses with built-in cameras and voice support for AI model Ernie next week, launching as soon as early 2025 for under $299
 
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