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11:45 PM ET, August 24, 2025

Mediagazer

 Top News: 
Rebecca Rubin / Variety:
Netflix's theatrical debut of KPop Demon Hunters is estimated to earn $18M-$20M this weekend, topping the domestic box office; it came out on Netflix in June  —  In a box office twist, a film from the theatrical-averse Netflix appears to be No. 1 on North American charts.
Matt Donnelly / Variety:
Sources: Disney is on the hunt for original movie concepts to lure young men aged 13-28 back to the brand, as audiences dwindle for the superhero genre  —  Cinderella and Sleeping Beauty aren't the only ones looking for a prince.  —  Leadership at Walt Disney Studios has been pressing Hollywood creatives …
Brent Lang / Variety:
Sources: Paramount layoffs could affect 2,000 to 3,000 employees and are expected by early November; Paramount had 18,600 employees globally as of December 2024  —  After closing its merger with Skydance this month, Paramount is poised to enact deep staffing cuts across its various divisions …
Sarah Perez / TechCrunch:
Bluesky blocks access to its service in Mississippi, saying it doesn't have the resources to comply with the state's broad new law requiring age verification  —  Social networking startup Bluesky has made the decision to block access to its service in the state of Mississippi, rather than comply with a new age assurance law.
RELATED:
Ashley Carman / Bloomberg:
How Spotify's Discovery Mode has become the new normal in music marketing, five years after its 2020 launch when it faced a backlash and “payola” accusations  —  Spotify's Discovery Mode allows rightsholders to boost their songs in exchange for a lower royalty rate.  Most everyone is using it.
Ben Koo / Awful Announcing:
Sources: ESPN has removed its paywall on most written content, after requiring an ESPN+ subscription for previously free articles on its site starting in 2020  —  As we and many other digital outlets are well aware, producing ad-supported written content is a tough business.
Sohee Kim / Bloomberg:
Bollywood star Aamir Khan opts to put his films on YouTube's pay-per-view service after theatrical runs rather than on global streamers; he'll get 50%+ of sales  —  Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world.
Discussion: MediaBrief
Charlotte Tobitt / Press Gazette:
Four outlets have taken down AI-generated articles by a “journalist”; Wired says the article it took down didn't get a proper fact-check or sufficient editing  —  Wired has revealed that a request for an unusual method of payment was what gave the game away after it commissioned …
Esther Zuckerman / New York Times:
Studios are rereleasing old films in theaters, helping them pad out thin slates; Universal has 12 rereleases on its 2025 slate, vs. four in 2024 and two in 2023  —  The multiplex is awash in titles that are 15, 20, even 60 years old.  Nostalgia is a factor but economics play a big part, too.
Haroon Siddique / The Guardian:
Actor Noel Clarke loses his UK libel case against the Guardian over an investigation in which he was accused of sexual misconduct by more than 20 women  —  High court rejects actor's claim that accusations against him by more than 20 women were false and part of a conspiracy
 
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 More News: 
Anu Adegbola / Search Engine Land:
Google begins rolling out Asset Studio in beta, letting advertisers generate and edit images, videos, and voiceovers directly in the Google Ads interface
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
Reach plans to “radically reorganize” newsrooms through the creation of a live news network with journalists across its outlets reporting to one leader
Discussion: Telegraph and HoldtheFrontPage
Daniel Thomas / Financial Times:
Filing: OnlyFans gross revenue hit $7.2B in FY ending Nov. 2024, up from $6.6B YoY, and paid $5.8B to creators, up from $5.3B; creator accounts grew 13% to 4.6M
 

 
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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