Mediagazer: In its Q4 report, Disney, which rarely offers guidance, shares growth expectations to 2027, including a ~$700M operating profit in DTC streaming in 2025 (Brooks Barnes/New York Times)

Top News:

Disney reports Q4 revenue up 6% YoY to $22.6B, TV network revenue down 6% YoY to $2.5B, and a $321M DTC streaming profit, up from a $387M loss in Q4 2023 — Streaming profit and studio are bright spots, while income from cable and theme parks declines — Disney's streaming business …

Discussion: Reuters, The Wrap, Bloomberg, Los Angeles Times, The Hollywood Reporter, @thetranscript_ and Business Wire

Brooks Barnes / New York Times:

In its Q4 report, Disney, which rarely offers guidance, shares growth expectations to 2027, including a ~$700M operating profit in DTC streaming in 2025 — The company, which does not typically release guidance to investors, said that profit would jump over the next three years.

Discussion: Yahoo Finance, Financial Times and @brianstelter

Anne Steele / Wall Street Journal:

Spotify plans to pay incentives to video creators who hit certain viewing thresholds and, in January 2025, to let Premium users view podcast videos without ads — Audio-streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads

Discussion: Music Ally, Podnews, @spotifycreator, @spotifynews, @kantrowitz, @alexeheath, @paulroetzer, @johnbuckley.bsky.social, Engadget, Los Angeles Times, Business Insider, TechCrunch, Spotify, Spotify, Spotify and The Verge, more at Techmeme »

Sara Fischer / Axios:
Spotify projects its first full year of profitability ever in 2024; CEO Daniel Ek says profitability is the new normal for Spotify

Discussion: The Hollywood Reporter, Digiday, Investor's Business Daily, @sarafischer, CMU, Digital Music News, MEDIANAMA, Fortune and Music Ally

Alex Weprin / The Hollywood Reporter:

CEOs at Nexstar, Sinclair, and Tegna, plus some analysts, say they expect deregulation and consolidation in the broadcast TV industry under Trump's FCC — Flush with political ad dollars and anticipating a deal-friendly environment, moguls are eyeing big moves to roll up lucrative local broadcasters.

Discussion: @mediaevan and @WarnerCrocker@mastodon.social

Todd Spangler / Variety:

Don Lemon, who sued Elon Musk and X after a deal fell apart, says he's leaving X on November 15, citing X's new ToS that moves legal disputes to Texas courts — Don Lemon, a one-time business partner of Elon Musk who's now suing the tech mogul, is done with X.

Murray Stassen / Music Business Worldwide:

German royalty licensing group GEMA sues OpenAI and subsidiary OpenAI Ireland in Munich Regional Court, claiming ChatGPT violates copyrights of lyrics — OpenAI, the $157 billion-valued US-based AI giant behind ChatGPT, has been sued by German collection society and licensing body GEMA.

Discussion: gema.de, ai fray, Digital Music News, Jeff Rabhan on LinkedIn, The Decoder, CMU, @konkrit@mastodon.social, Billboard and Music Ally

Lillian Rizzo / CNBC:

Amazon Prime Video will offer Diamond Sports Group's 16 regional sports networks, newly branded as FanDuel Sports Network, as add-on subscriptions — Diamond Sports reached a deal with Amazon's Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform.

Discussion: Sports Business Journal, Sports Business Journal, Cord Cutters News, The Desk, Awful Announcing, Streaming Better, ESPN, Associated Press, Plain Dealer, Business Wire, Sportico and Barrett Media

John Koblin / New York Times:

Nielsen: since Trump won, MSNBC has averaged 550K viewers, down 39% on October, and its prime time audience is down 53%; Fox's prime time audience is up 21% — Prime-time viewership at MSNBC has fallen 53 percent from October, and jumped 21 percent on Fox News.

Discussion: HotAir and New York Post

Jay Peters / The Verge:

The WSJ is testing AI-generated article summaries at the top of new stories in a “Key Points” box to see how readers respond, following Gannett and others — The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top of its news stories.

Discussion: TVNewsCheck, Press Gazette and MediaPost

Christianna Silva / Mashable:

The once-unified BookTok community has become a battleground over politics and how it intersects with writers, influencers, readers, and the books themselves — A divided BookTok community asks: Can we ever separate books from politics? — Like any good story, BookTok itself is reaching …

Discussion: @farrahrochon@threads.net, @farrahrochon@threads.net, Wired, @jesscamnj.bsky.social, @ingloriousgigi.bsky.social, @srmilesauthor.bsky.social, @drreznicek.bsky.social, @juliusgoat.bsky.social and Fast Company

Charlotte Tobitt / Press Gazette:

Guido Fawkes owner Paul Staines plans to step down as editor of the UK political news blog after 20 years; the blog has crowdfunded £92K+ to fight a libel claim — Guido Fawkes owner Paul Staines is stepping down as editor this week after 20 years leading the political blog.

New York Times:

A look at “blind box livestreaming”, an e-commerce trend in China that has become an entertaining and, some users and experts said, addictive pastime — How many plastic trinkets would you end up with? The game keeps many addicted, buyers and spectators alike.