Top News:
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
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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 …
Discussion:
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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.
CNN:
With Trump's media habits once again having serious foreign policy effects, Fox News takes a pro-war stance in the MAGA media feud over the Israel-Iran conflict — As conservative radio host Clay Travis opened his mouth Tuesday night on Fox News, he was hyper-aware of the viewer-in-chief.
Discussion:
Columbia Journalism Review, Washington Examiner, NPR, New Jersey Online, Vanity Fair, Kourosh Ziabari on LinkedIn, NOTUS, Raw Story, OutsideTheBeltway, @brianstelter, @brianstelter, Politico, NBC News, New York Daily News, Deadline, The Free Press, The Left Hook with Wajahat Ali, USA Today, New York Times and New Republic
Peter Kiefer / The Hollywood Reporter:
Q&A with Ashokan Studios' Justin Wells on making “high quality” conservative content, the second season of his doc about Trump's campaign and second term, more — Banished from Fox News with his boss Tucker Carlson, Justin Wells is back with a buzzy Trump documentary …
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 …
Discussion:
Streaming Better, Deadline, The Desk, Anjali Sud on LinkedIn, Cord Cutters News, TechCrunch, Tubefilter, NewscastStudio and TVNewsCheck
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.
Discussion:
Bloomberg Law, Forbes, Benzinga, Yahoo Finance, Search Engine Roundtable and Digiday
The Hollywood Reporter:
How top Hollywood creatives are pushing Gov. Gavin Newsom to expand California's film and TV program from $330M to $750M, seeking to halt a production exodus — In Sacramento, A-listers delicately push to expedite a bulked-up tax incentive to halt a production exodus.
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.
Discussion:
The Wrap, Jessica Urven on LinkedIn, The Hollywood Reporter and Variety
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.
Discussion:
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Megan Graham / Wall Street Journal:
A look at the media company Breaking and Entering, whose “60 Seconds of Advertising News” videos have become vital morning viewing for ad industry executives — Breaking and Entering has expanded from a podcast for young creatives to a daily must-watch news roundup for ad leaders
