Top News:
Sara Fischer / Axios:
Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20% — TikTok has signed a deal to sell its U.S. entity to a joint venture controlled by American investors, per an internal memo seen by Axios.
Discussion:
Associated Press, Semafor, Thurrott, Mediaite, Inc, Gizmodo, Entrepreneur, 9to5Google, PR Daily, Ars Technica, PetaPixel, Straight Arrow News, KnowTechie, Quartz, Proactive, The Hill, @acedtect, @danprimack, Tech Times, @mattzeitlin, Music Ally, @gordongchang, @adamscochran, @mattwhitlock, Pixel Envy, Analytics India Magazine, @billevanina, @senwarren, Breitbart, BGR, @thestalwart, AR Insider, @peterhamby, Finance Magnates, @pkafka, @michaelsocolow, @michaelsobolik, @rushdoshi, @davidshepardson, Digit, Nairametrics, Sharecast, @sarafischer, @thebluenami.is.democrat, BMI, Hypebeast, Digital Music News, CGTN, Ukrainian National News, Benzinga, ABC News, TRT World, UPI, TechRadar, TechCrunch, @zackbeauchamp.bsky.social, MacRumors, Blockchain.News, TVREV, Dexerto, NPR, Tech in Asia, The National, @pamspaulding.bsky.social, 9to5Mac, Mashable, The Information, Fox Business, Cord Cutters News, Reuters, Livemint, @evacide@hachyderm.io, @demguardrails.bsky.social, Sara Fischer on LinkedIn, Sinocism, @carnage4life.bsky.social, NBC News, India Today, Billboard, Telecompaper, Washington Examiner, CNN, Fingerlakes1.com, @dluneau.bsky.social, Bloomberg, CNBC and The Verge, more at Techmeme »
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Financial Times:
Memo: TikTok CEO Shou Zi Chew says ByteDance's US entities will retain direct control over core US revenue drivers, including ecommerce, ads, and marketing — Oracle, Silver Lake and MGX to invest in new data security joint venture as part of Trump-brokered deal
Discussion:
Digital CxO, more at Techmeme »
Bloomberg:
Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025 — ByteDance Ltd. is on track for profits of roughly $50 billion in 2025, capping a record year for a Chinese social media leader …
Alex Weprin / The Hollywood Reporter:
Memo: the TikTok US deal is set to close on Jan. 22; terms include retraining the recommendation algorithm on US user data and Oracle overseeing data protection
Memo: the TikTok US deal is set to close on Jan. 22; terms include retraining the recommendation algorithm on US user data and Oracle overseeing data protection
Discussion:
Engadget, Marketing Dive, CNBC, DatacenterDynamics, Benzinga, @warren.senate.gov, Investing.com, BBC, Investor's Business Daily, CoinDesk, iClarified, Hürriyet Daily News, PCMag, Techdirt, @jonathancohn.bsky.social, AppleInsider, @sambiddle.com, @mmasnick.bsky.social, Fortune, Sports Business Journal, @sarahbauerled.bsky.social, @robertscotthorton.bsky.social, The Guardian, @karlbode.com, Baller Alert, The Wrap, @nitishpahwa.com, @bencollins.bsky.social and Reuters, more at Techmeme »
Ryan Glasspiegel / Front Office Sports:
Sources: Netflix will pay Barstool a yearly fee “in the eight figures” for its video podcasts; Fanatics has pitched WWE podcasts to Netflix which airs WWE Raw — Netflix is paying out meaningful sums of money in its ongoing push to entice creators to migrate the video forms …
Discussion:
TVNewsCheck, Awful Announcing, Awful Announcing, Barrett Media and Gridiron Heroics
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Ashley Carman / Bloomberg:
YouTube's head of products for podcasts Steve McLendon says viewers streamed 700M+ hours of podcasts on TV in October, up from 400M hours in October 2024 — That's up from 400 million hours a year ago as podcasts become the new late-night TV. — People are spending more time tuning …
Discussion:
Media Play News, Forrester, NextDraft and Pocket-lint
Natalie Korach / @nataliekorach:
Sources: VF's article by Chris Whipple featuring quotes from White House chief of staff Susie Wiles led to VF's biggest subscription signup day since 2016 — Scoop: Vanity Fair's bombshell Chris Whipple story including extensive interviews with Susie Wiles led to the biggest subscription signup day for the mag since 2016, according to people familiar, marking the first major win for editorial director Mark Guiducci
Discussion:
@hangleyjr, @aliagvr, @reidenright and Status
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Shane O'Neill / Washington Post:
Q&A with Christopher Anderson, who photographed Trump's inner circle for VF: “My job is to ... draw on my experience as a journalist and photograph what I see”
Q&A with Christopher Anderson, who photographed Trump's inner circle for VF: “My job is to ... draw on my experience as a journalist and photograph what I see”
Discussion:
@susiewiles, Vanity Fair, HuffPost, @nataliekorach@threads.com, @gbristolphotography …, @amy_siskind, @gerardtbaker, @becketadams, @jonfavs, @jkhomestead, @silvermanjacob, @shawnmccreesh, @kbandersen, @lulumeservey, @jaheale, @pkafka, @acnewsitics, @timodc, @esotericcd, @villgecrazylady, @nothoodlum, @nprinskeep, @kstrucks, @repluna, @benryanwriter, @repjackkimble, @lepapillonblu2, @richard_harambe, @jesusrodriguezb, @vanityfair, @shannonrwatts, @dieworkwear, HotAir, @dieworkwear.bsky.social, Roll Call, @econklin44.bsky.social, Newser, @jonlemire, @edwardrow, @muellershewrote, @petertwinklage, @vanityfair, @ronfilipkowski, TheJournal.ie, @espiers.bsky.social, @moved2italy.bsky.social, The Hill, Daily Mail, kottke.org, Reason, People, @hofrench.bsky.social, Newsweek, @four4thefire.bsky.social, emptywheel, @socialmedialab.ca, @kristiankiehling.bsky.social, @fingolas@journa.host, @fraying.bsky.social, @juliannemcshane.bsky.social, @cwarzel.bsky.social and @inaeoh.bsky.social
Sarah Perez / TechCrunch:
Netflix acquires avatar creation platform Ready Player Me to let its subscribers carry their personas and fandoms across games; the startup raised $72M — After shifting its gaming strategy to focus more on games played on the TV, Netflix announced it's acquiring Ready Player Me, an avatar creation platform based in Estonia.
Discussion:
Cord Cutters News
Jennifer Maas / Variety:
The Kansas City Chiefs launch Foolish Club Studios, a first for an NFL team, to produce scripted and unscripted content that “might only be sports-adjacent” — The Kansas City Chiefs are the undisputed NFL team of choice for Swifties — but the team's ultimate goal is total world fandom domination.
Discussion:
The US Sun
Kirsten Chuba / The Hollywood Reporter:
TikTok's first awards show, held on December 18, handed out 14 awards, including Creator of the Year for Keith Lee; at the event, none of the screens worked — The event, which streamed live from the Hollywood Palladium on Thursday, handed out 14 awards and battled problems with its video screens.
Wall Street Journal:
Sources: Axel Springer has considered buying about a dozen media businesses in the US, including TED Conferences, TechCrunch, the 1440 newsletter, and more — Mathias Döpfner says ‘embrace AI or die’ as he looks to bolster his U.S. media holdings — Mathias Döpfner is hunting for “new gold” in media.
George Winslow / TV Tech:
The National Association of Broadcasters launches a campaign to support live sports on free broadcast channels as more big games move to streaming services — The campaign comes at a time when fans are increasingly complaining about the cost of accessing games behind paywalls and the complexity of accessing the games
Discussion:
Radio & Television …, Radio World and National Association …
Todd Spangler / Variety:
Sony Pictures Entertainment and Sony Music Entertainment (Japan) agree to buy WildBrain's 41% stake in Peanuts Holdings for ~$457M, raising Sony's stake to 80% — Sony is paying more than a few peanuts to get majority ownership of Charles M. Schulz's beloved Peanuts franchise featuring Snoopy, Charlie Brown and more.
