Top News:
Wall Street Journal:
Sources: Disney board members are exploring fresh candidates in their search for a successor to Bob Iger, including EA CEO Andrew Wilson — Disney board members are considering outsiders including the CEO of videogame company Electronic Arts — Disney is exploring fresh candidates …
Discussion:
New York Post, Variety, The Wrap, Deadline, @dylanbyers, @alexweprin, Cord Cutters News and @mediaevan
Benjamin Mullin / New York Times:
Nicholas Carlson unveils Dynamo, a video-focused company that aims to make “cinematic” stories, and raised $3.4M from Henry Blodget, Jessica Lessin, and others — Nicholas Carlson is preparing to debut a media start-up of his own called Dynamo.Clark Hodgin for The New York Times
Discussion:
@bristei, @hblodget, @chaykak, @benmullin, @nichcarlson and @scottnover
Wall Street Journal:
Meta plans to ask Facebook and Instagram users in Europe if they want to get “less personalized ads” and cuts subscription prices by 40%, a concession to the EU — The Facebook and Instagram owner faces pressure in Europe to ask before using data to target ads or train artificial intelligence.
Discussion:
Engadget, TechCrunch, Hindustan Times, Associated Press, noyb, Reuters, The Verge, Bloomberg, RTÉ, @metanewsemea, Meta, Axios, @lexzard, Irish Independent, @eric_seufert, @mikeryanretail and WinBuzzer, more at Techmeme »
Le Monde:
Le Monde, Le Figaro, Les Echos, and other French news outlets sue X, accusing it of running their content without paying, violating so-called neighboring rights — Several leading French news organizations said Tuesday, November 12, that they are suing social media platform X, accusing it of running their content without payment.
Discussion:
TechCrunch, The Times, Reuters, The Guardian, Telegraph, Daily Sabah and Al Jazeera
Lily Ford / The Hollywood Reporter:
Gary Lineker plans to step down from soccer show Match of the Day after 26 years, but extends his BBC Sport contract; he is the BBC's highest-paid presenter — The ex-England soccer captain has become the face of BBC Sport and the public broadcaster's highest-paid presenter since …
Reuters:
Tencent Music reports Q3 revenue up 6.8% YoY to ~$970M, below est., social entertainment revenue down 23.9%, and paying users up 15.5%; TME drops 5%+ pre-market — Tencent Music Entertainment (1698.HK) missed estimates for quarterly revenue on Tuesday, as Beijing's crackdown …
Discussion:
Billboard, Digital Music News, Music Business Worldwide, Benzinga, Investing.com, Tencent Music, Variety and Music Business Worldwide
Brian Steinberg / Variety:
Netflix says its ad tier has 70M MAUs globally, up from 40M in May 2024, and it sold all out available in-game inventory for its Christmas Day NFL broadcasts — Netflix, a company that once dismissed the concept of allowing commercials around its popular streaming content, now can't seem to get enough of them.
Sara Fischer / Axios:
Source: Substack raised ~$10M in new funding; investors include Nate Silver and Omeed Malik, whose firm 1789 Capital backed Tucker Carlson's new media venture — - Substack's original value proposition of empowering writers to connect directly with their audiences has attracted a diverse set of writers …
Discussion:
ZeroHedge News
Hugh Dougherty / The Daily Beast:
Chris Wallace quits CNN after three years, opting not to renegotiate his contract, and says he will instead go independent — The veteran broadcaster, 77, will walk away from his seven-figure role in a watershed moment for cable TV. — EXCLUSIVE — Chris Wallace is quitting CNN …
Discussion:
Adweek, Breitbart, Washington Examiner, Townhall, Associated Press, @brianstelter, USA Today, New York Daily News, CNN, New York Times, RedState, Poynter, Newser, ZeroHedge News, @collinrugg, @charliekirk11, @brianstelter, @ameshiacross, Status, Barrett Media, HuffPost, IJR, al.com, Raw Story, Mediaite, Page Six, Axios, New York Post, The Hill, TVLine, The Wrap, Deadline, Variety, Fox News, Twitchy, TVNewsCheck, The Gateway Pundit, Just Jared and The Hollywood Reporter
Nilay Patel / The Verge:
Q&A with the Recording Academy CEO Harvey Mason Jr. about moving the Grammys to Disney from 2027, revamping its pool of voters, disruption due to AI, and more — Rebooting the member list, taking the show streaming — is it enough in the age of AI?
Discussion:
Variety
Haroon Siddique / The Guardian:
ECHR rules in favor of Daily Mail publisher ANL, which argued that forcing media orgs to pay success fees when they lose a case violates free speech rights — Associated Newspapers argued it was ‘excessive’ for such fees to be added to the costs of people who had sued it
Discussion:
Byline Times and Press Gazette
Mark Sweney / The Guardian:
Fortress Investment Group acquires Curzon, a UK arthouse film company with 16 cinemas across the UK, a distribution arm, and a streaming service — US private equity group buys company's 16 UK cinemas, distribution arm and online streaming service — The British arthouse cinema chain Curzon …
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