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6:40 PM ET, November 5, 2024

Mediagazer

 Top News: 
Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe, a music distributor in 50+ countries, and its subsidiary TuneCore for $500M+, accusing Believe of copyright infringement  —  Universal Music Group (UMG), along with ABKCO Music & Records, and Concord Music Group, filed a major copyright infringement lawsuit …
Reuters:
French judicial source: investigators searched Netflix's offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering  —  Investigators searched the offices of U.S. streaming giant Netflix (NFLX.O) in France and the Netherlands as part …
Alexandra Steigrad / New York Post:
iHeart says it is laying off employees; a source says the layoffs affect less than 5% of a workforce of more than 10,000 employees  —  Hundreds of jobs will be slashed at iHeart Media as the debt-ridden radio and podcast giant has been crushed by music streaming, The Post has learned.
Fred Imbert / CNBC:
Filing: Trump Media lost $19.2M in Q3, while revenue fell 5.6% YoY to just $1.01M; DJT jumped 18.6% before closing down 1.16% on November 5  —  Trump Media, which is experienced a flurry of trading activity Tuesday as a possible proxy for Donald Trump's presidency chances …
Manish Singh / TechCrunch:
India issues a notice to Wikipedia over bias concerns, questioning if it should be classified as a publisher, after judges called its open editing “dangerous”  —  Wikipedia is facing mounting regulatory pressure in India as local authorities question whether the platform …
Tom Phillips / The Guardian:
Federal police in Brazil formally charge the alleged mastermind of the murders of UK journalist Dom Phillips and indigenous expert Bruno Pereira in June 2022  —  Brazilian federal police announce end of two-year inquiry into killing of journalist and Indigenous expert in Amazon
Discussion: Associated Press
William Earl / Variety:
Heretic's directors say they put a message in the credits that “no generative AI was used in the making of this film” to warn Hollywood about the danger of AI  —  Scott Beck and Bryan Woods explain why they ended their movie with a pointed message about generative AI.
Mandy Dalugdug / Music Business Worldwide:
Music streaming platform Audiomack signs a licensing deal with Saregama, India's oldest label, and says it has hit 10M active users  —  Digital streaming platform Audiomack has partnered with Saregama, touted as India's oldest label, to bring “thousands” of Bollywood hits and regional language tracks …
CNN:
Reporters from news orgs were denied credentials to Trump's election night watch event; source: Politico's credentials were revoked following critical coverage  —  New York CNN —  —  Journalists from multiple news organizations have been denied credentials to former President Donald …
Christopher Palmeri / Bloomberg:
Sources: Shari Redstone does not plan to stay on the board of Paramount Global after the company completes its planned merger with Skydance Media  —  Shari Redstone won't stay on the board of Paramount Global after the company completes its planned merger with Skydance Media, according to people familiar with her plans.
Discussion: Deadline, Variety and The Wrap
 
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 More News: 
Elisabeth Egan / New York Times:
An interview with Craig Garnett, the publisher of The Uvalde Leader-News, about his new book Uvalde's Darkest Hour, the aftermath of the school shooting, more
Alyson Krueger / New York Times:
A profile of Town & Country EIC Stellene Volandes, who is trying to keep the Hearst-owned 178-year-old magazine relevant via social media and its website
Devin Coldewey / TechCrunch:
Perplexity CEO Aravind Srinivas says his offer to help The New York Times was “to provide technical infra support” and “not to replace journalists or engineers”
Jay Peters / The Verge:
Netflix plans to delist nearly all of its interactive shows and films as of December 1, saying the tech “served its purpose”, after launching the format in 2017
Sara Fischer / Axios:
Meta informs its ad partners that it has extended its ban on new 2024 US elections ads on Facebook and Instagram from November 5 to “until later this week”
 Earlier Picks: 
Joshua Benton / Nieman Lab:
Around 75% of the largest US newspapers aren't endorsing anyone for president this year, as publishers try not to annoy any sliver of their remaining customers
Daniel Thomas / Financial Times:
BBC Chair Samir Shah calls for UK's “outdated” regulatory regime to be improved to let public service broadcasters compete with US streaming giants for viewers
Alex Weprin / The Hollywood Reporter:
Source: NBC gave the Trump campaign free commercial time in response to Harris' SNL appearance, including an unusual ad during Sunday's NASCAR coverage
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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