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12:35 PM ET, June 18, 2025

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 Top News: 
Kayla Cobb / The Wrap:
Cannes Lions: YouTube CEO Neal Mohan says YouTube Shorts now averages 200B daily views, up 186% from the 70B average daily views YouTube reported in March 2024  —  CEO Neal Mohan also shares that AI model Veo 3 will be coming to the social media platform this summer  —  YouTube has crossed another major milestone.
Discussion: The Desk, Lowpass and Tubefilter
RELATED:
Alex Weprin / The Hollywood Reporter:
At Cannes, YouTube CEO Neal Mohan says YouTube plans to integrate Google's most advanced AI video generation tool, Veo 3, into YouTube Shorts later this summer  —  The Veo 3 video generator is capable of creating both videos and sound based on text prompts, with YouTube CEO Neal Mohan saying the …
Dominic Ponsford / Press Gazette:
The Daily Beast says Reddit and Facebook have made up for falling Google referral traffic; Vox CEO says OpenAI is a good partner but still undervalues content  —  Reddit and Facebook have made up for falling referral traffic from Google for the Daily Beast.
Elsa Keslassy / Variety:
London- and Paris-based Animaj, a kids' media company that uses proprietary generative AI production tools to automate animation pipelines, raised $85M  —  HarbourView Equity Partners is leading a $85-million investment in Animaj, the AI-powered media company specializing in kids & family entertainment.
Discussion: Advanced Television
Charlotte Tobitt / Press Gazette:
The Economist reports revenue up 2% YoY to £368.5M for FY ending March 31, operating profit up 2% to £48.1M, subscribers up 3% to 1.25M, and digital subs up 8%  —  The Economist has reported a record year for revenue fuelled by growing subscriptions.
Financial Times:
Netflix signs a landmark deal with France's TF1 to show linear TV for the first time; TF1 will broadcast all five of its channels, showing live sports and more  —  Deal will be closely watched by broadcasters, who are losing millions of viewers to streaming giants  —  Daniel Thomas and Hannah Murphy in Cannes
Dan Milmo / The Guardian:
Deezer says AI-made music accounts for just 0.5% of streams on the music streaming platform, but up to 70% of those streams are fraudulent  —  According to the French streaming platform's analysis, fraudsters use bots to listen to AI music and take the royalties
Max Goldbart / Deadline:
The BBC appoints Director of Unscripted Kate Phillips as Chief Content Officer, replacing Charlotte Moore, who announced her exit in February  —  Director General Tim Davie said Phillips' “passion for delivering world-class content to our all audiences shines through in everything she does.”
Jennifer Maas / Variety:
Warner Bros. Games restructures its operations into teams based on its four key franchises: Harry Potter, Game of Thrones, Mortal Kombat, and the DC Universe  —  Per WBD, three current studio heads have been promoted to Senior Vice President as part of the restructure: Warner Bros Games …
 
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 More News: 
Jaewon Kang / Bloomberg:
How Walmart plans to leverage its $2.3B Vizio acquisition to push shoppable TV experiences; Walmart's ad business had just $4.4B of sales in FY 2025
Discussion: TheStreet, Elle and PYMNTS.com
Ted Johnson / Deadline:
The US Senate confirms Olivia Trusty to the FCC, giving Republicans a 2-1 majority after the recent departures of two members
CNN:
Mario Guevara, an El Salvador-born journalist who covers immigration raids, may face deportation after his arrest while covering No Kings protests in Atlanta
 Earlier Picks: 
Kerry Flynn / Axios:
Candle Media co-CEO Kevin Mayer says Candle plans to sell or IPO its individual brands rather than the overall company, marking a shift from its original plan
Discussion: Semafor
Aisha Malik / TechCrunch:
Facebook renames its Videos tab as the Reels tab and says all videos on its platform will soon be shared as reels, regardless of their length or orientation
Emma Roth / The Verge:
Max, soon to be called HBO Max, says it is working on an AI tool that will identify “standout” scenes from its shows and movies to play as video previews
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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