Top News:
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
Discussion:
Music Ally
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
Discussion:
TVNewsCheck and Jonathan Sanchez on LinkedIn
Financial Times:
Major US brands like Bud Light have shifted advertising strategies away from DEI themes, sources say due to fears of a Trump administration backlash — During this year's Super Bowl, American viewers were given a blast from the past when food chain Carl's Jr once again rolled …
Discussion:
@robertscotthorton.bsky.social and @eicathomefinn.bsky.social
Jason Del Rey / Fortune:
A profile of LA-based Whatnot, a livestream marketplace valued at ~$5B, which has raised $700M+ since 2019 and expects its GMV to grow 100%+ YoY to $6B+ in 2025 — On a Wednesday night in early June, Rene Nezhoda leaned back in a Secretlab gaming chair, fiddled with a computer keyboard …
Discussion:
@lexnfx, @simonowens and @delrey
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.”
Discussion:
Variety, TVNewsCheck, BBC and The Hollywood Reporter
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 …
Financial Times:
Netflix signs a landmark deal with French network TF1 to show linear TV for the first time; TF1 will broadcast all five 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
Discussion:
The Desk, TVNewsCheck, Barron's Online, Advanced Television, Variety, The Verge, Telegraph, Spyglass, Broadband TV News, @jonathankey.bsky.social, Screen, @feelinglistless.bsky.social, @charlesubaghs.bsky.social, Agence France-Presse, The Hollywood Reporter, Semafor, Deadline, @danielthomasldn, TVBEurope and Bloomberg, more at Techmeme »
Eric Newcomer / Newcomer:
Sources: Substack is pitching investors on a round between $50M and $100M that would value it above its ~$700M last round price, and is generating ~$45M in ARR — Substack is generating about $45 million in annual recurring revenue: sources — Substack is quietly fundraising …
Discussion:
@simonowens and @ericnewcomer
Samantha Schmidt / Washington Post:
El Salvador President Nayib Bukele, emboldened by his Trump administration ties, is cracking down on journalists along with dissenting lawyers and activists — While the Trump administration deepens ties with El Salvador, its millennial president is cracking down on dissenting lawyers, activists and journalists.
Discussion:
TVNewsCheck, @doggett.house.gov and @matthewhaybrown.bsky.social
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 — Walmart Inc. is working toward a future where consumers can buy items while watching their television shows, a strategy retailers have long tried to implement as a way to boost sales.
Discussion:
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 — The Senate confirmed Olivia Trusty to the FCC, a move that gives Donald Trump and Republicans a 2-1 majority on the commission.
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 — A Salvadoran journalist who built a big social media following by documenting immigration raids may be facing deportation.
