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2:25 PM ET, June 18, 2025

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Anthony D'Alessandro / Deadline:
Alcon buys Village Roadshow's library of 108 films for $417.5M, following Village Roadshow's bankruptcy in March; the library generates an estimated $50M/year  —  Alcon Media Group LLC has won its $417.5 million bid to acquire Village Roadshow Entertainment Group's library of 108 feature film titles, Alcon said Wednesday.
Todd Spangler / Variety:
Tubi launches Tubi for Creators, a new program that includes licensing more than 500 episodes from six YouTube creators, including Rhett & Link's Mythical  —  Fox-owned free streamer has hired ex-Vimeo exec Rich Bloom as GM of creator programs  —  Tubi is expanding its streaming buffet …
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.
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
 
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 More News: 
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
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

Daniel Kuhn / The Block:
ZachXBT: a crypto user lost $282M+ in BTC and LTC in a hardware wallet social engineering scam; XMR jumped as the attacker began converting the funds to Monero

Christopher Mims / Wall Street Journal:
TrendForce: data centers will use 70%+ of the high-end memory chips all manufacturers will produce in 2026, with little new manufacturing capacity until 2027

Ryan Vlastelica / Bloomberg:
Adobe's stock has slumped more than 45% since the end of 2023, reflecting analyst concerns over the threat of AI-driven disruption to SaaS companies
 
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