Mediagazer: The UK's Barb: Netflix grew its ad tier from 2.78M homes in Q2 to 3.8M homes in Q3 and Disney+ from 820K homes to 1.2M homes over the same period (K.J. Yossman/Variety)

4:55 AM ET, November 13, 2024

Top News:

Jack Forrest / CNN:

President-elect Donald Trump announces he has chosen Fox News host and Army veteran Pete Hegseth to serve as his secretary of defense — President-elect Donald Trump announced Tuesday he has chosen Fox News host Pete Hegseth to serve as his secretary of defense.

Discussion: The Wrap, Aviation Week Network, UPI, The Times of Israel, @joyce_white_vance@threads.net, CBS News, @chrislhayes.bsky.social, Mediaite, The Independent, @donmoyn.bsky.social, @aaron.rupar@threads.net, @opinionhaver.bsky.social, Reuters, @chrislhayes.bsky.social, Fox News, Breitbart, Breaking Defense, News18, @donmoyn.bsky.social, @noahcrothman, @mmfa.bsky.social, Wall Street Journal, @donmoyn.bsky.social, TVLine, Air & Space Forces Magazine, ZeroHedge News, @senwarren@threads.net, @realjeremycarl, Defense News, New York Post, New York Times, USA Today, @Tengrain@mastodon.social, WHEC.com, @mmfa.bsky.social, Forbes, @pbump.com, Roll Call, Politico, @yashar, Donald J. Trump on Truth Social, Raw Story, The Korea Herald, Washington Post, @bencollins.bsky.social, The Hill, @juddlegum.bsky.social, @dangillmor@mastodon.social, Bloomberg, NPR, al.com, @paulrieckhoff@threads.net, Los Angeles Times, The Hollywood Reporter, Axios, Newsbusters, Variety, Lawyers, Guns & Money, ABC News, The Daily Caller, The Gateway Pundit, Washington Examiner, HuffPost, The National Pulse, Instapundit, Rolling Stone, CNBC, Media Matters for America, Daily Mail, NBC Bay Area, Deadline and IJR, more at Techmeme »

Financial Times:

Media executives say that some brands were preparing to advertise on X once again, as Elon Musk was likely to gain an influential Trump administration role — Some brands had abandoned the site over moderation concerns — Elon Musk's support for Donald Trump is set to boost X's flagging business …

Discussion: @annmlipton@esq.social and RedState, more at Techmeme »

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.

Emma Roth / The Verge:

YouTube is testing a new feature that will let a small group of creators use AI to “restyle” licensed songs for their Shorts through prompts — YouTube is testing a new feature that will let creators use AI to “restyle” licensed songs for their shorts.

Discussion: MEDIANAMA, YouTube Community, TechCrunch and Tubefilter, more at Techmeme »

K.J. Yossman / Variety:

The UK's Barb: Netflix grew its ad tier from 2.78M homes in Q2 to 3.8M homes in Q3 and Disney+ from 820K homes to 1.2M homes over the same period — It looks like the industry pivot back towards ads is paying off for streaming platformers, at least in the U.K.

Discussion: The Media Leader and Advanced Television

Kyle Wiggers / TechCrunch:

Perplexity says it will begin experimenting with ads on its platform in the US starting this week; ads will be formatted as “sponsored follow-up questions” — AI-powered search engine Perplexity says it'll begin experimenting with ads on its platform starting this week.

Bloomberg:

DirecTV plans to terminate its planned acquisition of Dish by midnight on November 22, 2024, if bondholders don't agree to a debt exchange — - Warning follows rejection by Dish bondholders of improved bid … “A successful exchange was a condition for acquiring the Dish video business …

Discussion: Advanced Television, Reuters, StreamTV Insider, The Desk, CNBC, Deadline, The Streamable, Cord Cutters News, Yahoo Finance, Wall Street Journal, TVNewsCheck and Benzinga

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: EchoStar Corporation, The Desk, Tv Technology, Streaming Better, The Wrap, Benzinga, The Hollywood Reporter and Cord Cutters News

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%+ — Audio-streaming giant Spotify (SPOT.N) forecast fourth-quarter profit above Wall Street estimates on Tuesday …

Discussion: Variety, Music Business Worldwide, CNBC, @richlightshed, @richlightshed, @richlightshed, The Information, @eldsjal, Billboard, Music Ally, Investing.com, Spotify, Bloomberg and Deadline, more at Techmeme »

Max Tani / Semafor:

Email: some of Al Jazeera's Gaza reporters say they will no longer broadcast until the network pays what they say are months of missing expense reimbursements — The Scoop — Some of Al Jazeera's correspondents covering the war in Gaza are protesting what they believe is months of mistreatment …

Discussion: @maxwelltani

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: Rafael Brown on LinkedIn, @mediaevan, @alexweprin, @dylanbyers, Benzinga, New York Post, Deadline, Variety, The Wrap, TVNewsCheck and Cord Cutters 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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More News:

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

Discussion: Variety, New York Post, @tiltowl.bsky.social, Deadline, The Wrap and TVNewsCheck

Washington Post:
Olivia Nuzzi drops a request for a protective order against ex-fiancé Ryan Lizza, whom she accused of harassment following news of her relationship with RFK Jr.

Discussion: @lachcartwright, Page Six, New York Times, New York Post, Business Insider, The Wrap, @jenhoward.bsky.social and @maxwelltani@threads.net

Sarah Perez / TechCrunch:
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Discussion: @particle_news, @particle_news, @particle_news, @particle_news, Particle, MediaPost and The Verge

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

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

Discussion: @ChrisMayLA6@zirk.us, Byline Times and Press Gazette

Todd Spangler / Variety:
IAC reports Q3 revenue at Dotdash Meredith up 5% YoY to $439.5M and a $22.1M operating profit; The Daily Beast is profitable, a first, and revenue rose 81% YoY

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

Discussion: Financial Times, The Mirror, Fortress Investment Group, Screen, City A.M., Telegraph, The Independent, London Evening Standard, Variety, The Hollywood Reporter 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

Discussion: @wendysiegelman@mastodon …, The Information and ZeroHedge News

Earlier Picks:

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

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

Discussion: The Guardian, Reuters, TechCrunch, Daily Sabah and Al Jazeera

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

Discussion: Digital Music News, Music Business Worldwide, Benzinga, Billboard, Music Business Worldwide, Investing.com, Tencent Music and Variety

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

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

Discussion: GB News, The Guardian, @bbcmotd, @theeuropeanlad, @dougiecritchley, @hltco, @bbcmotd, @dan_ofthesouth, New York Times, New York Times, Advanced Television, The Mirror, Variety, TVNewsCheck, BBC, Daily Mail, Awful Announcing, The Sun and Deadline

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

Discussion: @chaykak, @bristei, @scottnover, @nichcarlson, @hblodget and @benmullin

Tom Tapp / Deadline:
The Tennis Channel indefinitely suspends analyst Jon Wertheim for “inappropriate” comments he made on air about Wimbledon champ Barbora Krejčíková's appearance

From Techmeme:

Ben Lovejoy / 9to5Mac:
Kuo: Apple's M5 chip will use TSMC's advanced N3P node; M5 Pro, Max, and Ultra will use a new server-grade SoIC packaging featuring separate CPU and GPU designs

New York Times:
The Biden administration opens a trade investigation into China's production of older chips, a move that may lead to tariffs or other measures to block imports

Financial Times:
Sources: Meta plans to add a display to its Ray-Ban glasses as soon as H2 2025 to show notifications or AI responses, and has accelerated Orion's development

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