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1:50 PM ET, September 30, 2025

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 Top News: 
Spotify:
Spotify says Daniel Ek will step down as CEO and become executive chairman in January 2026, and names CPTO Gustav Söderström and CBO Alex Norström as co-CEOs  —  Today, Spotify (NYSE: SPOT) announced that Founder and Chief Executive Officer Daniel Ek will transition to the role …
Scott Murdoch / Reuters:
Australia's Seven West Media agrees to merge with Southern Cross Media, forming a ~$274M metropolitan and regional group to better compete with streaming giants  —  - Southern Cross shareholders to own 50.1% of merged group  — Merger expected to save A$25-30 million annually
RELATED:
Ina Fried / Axios:
OpenAI releases an invitation-only Sora app on iOS, powered by Sora 2, to let people create and share AI-generated videos of themselves and their friends  —  An Android version will follow eventually, OpenAI told Axios.  — The social app is powered by Sora 2, a new version of OpenAI's video model, which also launched Tuesday.
RELATED:
Wall Street Journal:
Sources: OpenAI told studios that it plans to release a new version of Sora that creates videos featuring copyrighted material unless copyright holders opt out
Wall Street Journal:
Filing: YouTube will pay $24.5M to settle a 2021 Trump lawsuit over suspending his account after January 6, the last Big Tech company to settle his lawsuits  —  Google subsidiary is the last of three Big Tech companies to resolve personal litigation Trump filed against social-media platforms
Michael Kunzelman / Associated Press:
A US district judge temporarily suspends the Trump administration's reduction-in-force plan to eliminate 532 jobs at USAGM, which oversees Voice of America  —  A federal judge agreed Monday to temporarily suspend the Trump administration's plan to eliminate hundreds of jobs at the agency …
Bloomberg:
In the US v. Google ad tech trial, Google says it's willing to provide publishers with the data for how its ad server decides what online display ads to show  —  Google is willing to share more data with publishers to remedy a court's finding that the Alphabet Inc. unit illegally monopolized …
Lucas Manfredi / The Wrap:
Philo adds ad-supported tiers of HBO Max and Discovery+ to its Core package, raises the price from $28 to $33/month, and plans ad-free upgrades for early 2026  —  The Warner Bros. Discovery-owned streaming services will be available in an enhanced package for $33 per month
Ted Johnson / Deadline:
The FCC launches a Congressionally mandated review of its media ownership rules, including a rule limiting a company from owning over two stations in a market  —  The FCC launched a new review of its media ownership limits, amid broadcasters' lobbying push to modernize the restrictions in the face of competition from tech giants.
Ryan Epps / Tom's Guide:
Amazon launches new Fire TVs and a $40 Fire TV Stick 4K Select with a new OS called Vega and built in Alexa+  —  A new Fire TV Stick also one-ups the competition  —  When you purchase through links on our site, we may earn an affiliate commission. … The new Mini-LED set will come in five sizes …
Deadline:
President Trump again promises a 100% tariff on movies made outside the US, saying the “movie making business has been stolen” from the US  —  Letting loose with a barrage of social media postings this morning on subjects ranging from furniture production in North Carolina to the NFL and more …
RELATED:
Katie Kilkenny / The Hollywood Reporter:
Sen. Adam Schiff and Rep. Laura Friedman from California call on Trump to consider a federal film and TV tax credit, instead of 100% tariffs on foreign films
 
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Marisa Kabas / @marisakabas.bsky.social:
Source: Disney saw more than 1.7M total paid streaming cancellations between September 17, when it suspended Jimmy Kimmel, and September 23
Dan Zaksheske / OutKick:
ESPN host Paul Finebaum is considering leaving ESPN to run for the US Senate as a Republican, and says Charlie Kirk's murder played a role in his interest
 

 
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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