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:
TVNewsCheck, New York Post, Benzinga, Deadline, @dylanbyers, @alexweprin, Cord Cutters News, The Wrap, @mediaevan and Variety
Todd Spangler / Variety:
Amazon is shutting down Freevee, its free, ad-supported streaming service launched in 2019 under the IMDb brand, and plans to move the content to Prime Video — Amazon is officially shutting down Freevee, its free, ad-supported video streaming service originally launched under the IMDb brand nearly five years ago.
Discussion:
Bloomberg, The Desk, Deadline, @jaketx78, @aagave, The Hollywood Reporter and Just Jared
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.
Discussion:
StreamTV Insider, About Netflix, The Wrap, Deadline, Front Office Sports, IndieWire, The Streamable, Benzinga, Fox Business, Justyna Borucka on LinkedIn, Amy Newton on LinkedIn, Marion Boeri on LinkedIn, Adam Straub on LinkedIn, RetailWire, Streaming Better, Bloomberg, Fortune, PCMag, The Information, The Hollywood Reporter, Engadget, CNBC, Los Angeles Times, Reuters and Yahoo Finance, more at Techmeme »
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
David Satin / The Streamable:
EchoStar reports a Q3 net loss of $142M on revenue of $3.89B, with Sling TV adding 145K customers but satellite service Dish losing 188K; SATS falls 12.9% — DISH continued to lose linear satellite subscribers, but the losses were fewer than the year-ago quarter.
Discussion:
The Desk, EchoStar Corporation, Tv Technology, The Wrap, The Hollywood Reporter, Cord Cutters News, Streaming Better and Benzinga
RELATED:
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:
Meta, Associated Press, Mashable, CNBC, Engadget, noyb, Hindustan Times, The Verge, @metanewsemea, @laz_radic, @nickclegg@threads.net, Reuters, @kint.bsky.social, Axios, @lexzard, @nickclegg, Irish Independent, @eric_seufert, @mikeryanretail, RTÉ, TechCrunch, @laz_radic, @laz_radic, Bloomberg 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:
Reuters, The Times, TechCrunch, Daily Sabah, Telegraph, The Guardian and Al Jazeera
Jaspreet Singh / Reuters:
Spotify reports Q3 revenue up 19% YoY to €3.99B, vs. €4.02B est., MAUs up 11% to 640M, and forecasts Q4 profit and MAUs above est.; SPOT jumps 8%+ after hours — Audio-streaming giant Spotify (SPOT.N) forecast fourth-quarter profit above Wall Street estimates on Tuesday …
Discussion:
Variety, Billboard, The Information, CNBC, Music Ally, Investing.com, @richlightshed, @eldsjal, @richlightshed, @richlightshed, Bloomberg, Spotify and Benzinga, more at Techmeme »
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:
Investing.com, Billboard, Tencent Music, Benzinga, Music Business Worldwide, Digital Music News, Music Business Worldwide and Variety
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 …
Winston Cho / The Hollywood Reporter:
Mario Gabelli, largest holder of nonvoting Paramount shares, asks the FCC to delay transferring broadcast licenses to Skydance until he decides whether to sue — The FCC filing follows legal maneuvering from Mario Gabelli, the largest holder of nonvoting shares, seeking access to Paramount's books.
Discussion:
The Wrap, TVNewsCheck and Deadline
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:
The Information and ZeroHedge News
Adweek:
Google cracks down on affiliate SEO businesses run by third parties, leading to much lower search visibility for those businesses at Time, WSJ, CNN, and others — The steep drops in search visibility could mean the end to outsourcing affiliate operations — The search visibility of the Forbes …
Discussion:
Mark Stenberg on LinkedIn and @simondowens@threads.net
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