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3:40 PM ET, December 23, 2024

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 Top News: 
Jessica Toonkel / Wall Street Journal:
A deep dive into Paramount's sale to Skydance; sources: Skydance may integrate Pluto into Paramount+, and CBS head George Cheeks is expected to be head of TV  —  An $8 billion deal Shari Redstone struck with Skydance Media must go through the FCC next year; new owners seek over $2 billion in cost cuts
New York Times:
Court docs detail a smear campaign against actor Blake Lively via media articles and social media posts after she accused director Justin Baldoni of misconduct  —  Last summer, as the release of “It Ends With Us” approached, Justin Baldoni, the director and a star of the film, and Jamey Heath …
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Kimberly Nordyke / The Hollywood Reporter:
News Corp and Telstra agree to sell Australian pay TV company Foxtel Group to sports streaming platform DAZN in a deal worth ~$2.1B  —  The Foxtel Group is owned 65 percent by News Corp. and 35 percent by Telstra. … Under the terms of the agreement, shareholder loans in the amount …
Financial Times:
SEC filings: senior Spotify executives have sold $1.25B in stock in 2024, including CEO Daniel Ek selling ~$350M and co-founder Martin Lorentzon selling $550M+  —  Company co-founders reaped $900mn in gains this year  —  Senior Spotify executives and board members have sold $1.25bn worth …
Gene Maddaus / Variety:
The Animation Guild ratifies a contract with big studios, without AI demands such as letting members opt out of using AI or having AI train on their work  —  The Animation Guild has ratified its contract with the major studios, despite concerns from some about protections against artificial intelligence.
Jack Dunn / Variety:
Trump appoints Mark Burnett, the British TV executive who created and produced the reality show The Apprentice, as a special envoy to the UK  —  Donald Trump has appointed British television producer Mark Burnett, who produced the president-elect's reality show “The Apprentice,” as a special envoy to the United Kingdom.
Thomas Buckley / Bloomberg:
US film and TV production languishes below 2021-2022 levels after streaming losses and strikes, while the rest of the word has seen production spending recover  —  - Production has recovered faster in Canada, Australia, UK  — US industry is adjusting to new norms post-pandemic, strikes
 
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 More News: 
Bloomberg:
A look at Crunchyroll's challenges, including current and former employees saying its management is out of touch, as Disney and Netflix's expand into anime
 Earlier Picks: 
Liz Pelly / Harper's:
How Spotify used its Perfect Fit Content program to rig its system against musicians, filling popular playlists with “ghost artists” to cut its royalty payouts
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Stephen Alpher / CoinDesk:
Rumble announces a $775M investment from Tether and plans to use $525M to fund a tender offer for ~70M shares of its common stock; RUM jumped 50%+ after hours
Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager
Leo Schwartz / Fortune:
Sources: CoinDesk owner Bullish fired three editors, including EIC Kevin Reynold, amid controversy over forcing editors to take down an article on Justin Sun
 

 
From Techmeme:

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

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
 
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