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11:00 AM ET, January 10, 2025

Mediagazer

 Top News: 
Alex Weprin / The Hollywood Reporter:
Disney, Fox, and WBD say they have agreed to discontinue their Venu Sports streaming joint venture and will focus on existing products and distribution channels  —  The sports-focused streaming service will not move forward, the companies said Friday.  —  Venu is dead.
RELATED:
CNBC:
Sources: Venu's cancellation came after the companies decided it was better to avoid the risk of an extended lawsuit that could jeopardize bundling in general  —  - News Tips  —  Got a confidential news tip?  We want to hear from you.  — CNBC Newsletters
Wired:
Live blog: The US Supreme Court hears oral arguments in TikTok's appeal against the divest-or-ban law  —  We're tuning in live as the justices consider what could be one of the most consequential First Amendment rulings of the past several decades.  —  The US Supreme Court is expected …
Kyle Wiggers / TechCrunch:
Court docs: Mark Zuckerberg approved the Meta team that trains AI Llama models to use data from LibGen, a “links aggregator” to pirated, copyrighted material  —  Counsel for plaintiffs in a copyright lawsuit filed against Meta allege that Meta CEO Mark Zuckerberg gave the green light …
Brian Steinberg / Variety:
Sources: Amazon is exploring news show concepts, probably tied to events, such as Brian Williams' election special on Prime Video that drew ~4M viewers  —  As the results of Election Night 2024 became known, Brian Williams looked to the future.  “Our country is about to change again,” …
Alex Weprin / The Hollywood Reporter:
Apple releases season 1 of Severance, one of its biggest TV shows, on the free Roku Channel to lure new Apple TV+ subscribers; the promotion ends on January 19  —  Apple is using the Adam Scott thriller to try and drive new subscribers to its streaming service, following a number of moves …
Cecilia D'Anastasio / Bloomberg:
More than half a dozen celebrity video game streamers returned exclusively to Twitch in 2024, after their multimillion-dollar YouTube and Kick contracts expired  —  YouTube, Kick offered multimillion-dollar deals but viewers didn't necessarily follow.  —  Video-game influencers are returning …
Discussion: @cecianasta
Ben Smith / Semafor:
Vogue Arabia's publisher Nervora filed a US lawsuit last summer claiming Condé Nast improperly terminated their licensing arrangement  —  The Scoop  —  Vogue editor-in-chief Anna Wintour and Condé Nast CEO Roger Lynch will host local partners on Jan. 30 at a party in Dubai ("Dress: A touch of gold!")
Reuters Institute:
Reuters Institute global survey of media leaders: 41% are confident about journalism prospects in 2025, 74% worry about a decline in search referrals, and more  —  News organisations are braced for multiple challenges in 2025 that will likely include further attacks from hostile politicians …
 
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 More News: 
Ivan Mehta / TechCrunch:
NYC-based Captions, an AI-powered video editing app, introduces a free tier with basic video editing tools, while keeping AI features in its $10/month Pro tier
Jaiveer Singh Shekhawat / Reuters:
Frank McCourt's Project Liberty says it made a formal bid to ByteDance to acquire TikTok's US assets, aiming to keep the app alive without its current algorithm
Rick Porter / The Hollywood Reporter:
Netflix says WWE's Monday Night Raw pulled in 4.9M views in the regions where it's distributed; VideoAmp: Raw averaged 2.6M US households on Netflix
Max Tani / Semafor:
Memo: the deputy editor of The Root pressed writers to increase the number of stories they publish a day in part to “offset” a colleague's recent death
 Earlier Picks: 
Annie Palmer / CNBC:
Amazon launches Amazon Retail Ad Service to let companies show ads in search results, product pages, and other areas of their own websites, initially in the US
Lillian Rizzo / CNBC:
Disney says it has an estimated 157M global MAUs watching ad-supported content across its streaming services Disney+, Hulu, and ESPN+, including 112M US users