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12:15 PM ET, August 17, 2022


 Top News: 
Alex Barker / Financial Times:
Ofcom: in the UK, those aged 15-24 spent 57 minutes/day on TikTok in 2021, compared to 53 minutes/day watching TV; those 65 or over spent six hours watching TV  —  Ofcom survey points to challenges for traditional broadcasters in keeping pace with digital and streaming trends
K.J. Yossman / Variety:
Ofcom's annual Media Nations report shows the UK streaming sector made £2.7B profit in 2021, up 27% YoY; 5.2M UK homes subscribe to Netflix, Prime, and Disney+  —  The streaming sector in the U.K. made profits of £2.7 billion ($3.3 billion) in 2021 - a year-on-year increase of 27% …
Sara Fischer / Axios:
Meta updates its political ads policy before the US midterms, including banning edits for political, social, and electoral ads running one week prior  —  - Ads that present new claims in the final days of an election may be difficult to contest or fact-check in time.
Taylor Lorenz / Washington Post:
Timbaland and Swizz Beatz sue Triller, alleging the short-form video app owes them $28M+ after acquiring live-streaming music series Verzuz and missing payments  —  Triller bought music series Verzuz for an undisclosed sum in January 2021.  Now its creators say they're still owed money.
Sara Fischer / Axios:
Video streaming options increasingly resemble the bloated cable industry they sought to replace, as companies launch ad-supported tiers and bundle services  —  Facing saturation in the U.S., most major streamers are launching cheaper ad-supported streaming tiers, and are beginning to bundle …
Scott Roxborough / The Hollywood Reporter:
German media giant RTL Group launches RTL+ Musik to stream video, including movies, TV, and news, and audio, including music, podcasts, and radio channels  —  The German-language service will offer films, original series, news and music from French music streaming platform Deezer.
Megan Graham / Wall Street Journal:
VidMob, which offers tools for marketers to create digital ads, raised a $110M Series D led by Shamrock, source says at a $500M valuation, up from $290M in 2021  —  The Series D funding round led by Shamrock Capital will help the company expand its platform for data-led creativity in advertising and other brand work
Aisha Malik / TechCrunch:
TikTok launches Shopping Ads, including video shopping ads, catalog listing ads, and live shopping ads, to improve targeting and amplified product discovers  —  TikTok announced today that it's launching a new commerce ad suite called “Shopping Ads” to make it easier for brands to advertise on the platform.
Discussion: Ad Age and Adweek
Amina Niasse / Bloomberg: spending on TV ads by crypto companies fell from an $85M peak in February 2022 to $3M in June and $36K in July, the lowest level since January 2021  —  Matt Damon's pitch to invest in crypto has disappeared from US television sets.  Same goes for glitzy commercials starring LeBron James and Tom Brady.
Bevin Fletcher / Fierce Video:
The Roku Channel adds NBC local news channels for San Diego, Boston, and the Bay Area, plus NBCUniversal's LX News, six Scripps channels, BBC Kids, and more  —  The Roku Channel is beefing up its Live TV Guide with 14 new linear channels, including the addition of three more featuring NBC local news and six channels from Scripps.
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 More News: 
Blake Brittain / Reuters:
The US government backs Lynn Goldsmith's legal claim that Andy Warhol infringed her copyright on a photo of Prince; the Supreme Court hears the case in October
Georg Szalai / The Hollywood Reporter:
Analysis: over the past year, top pay TV providers had a net loss of ~5.425M subscribers; Q2 marked the second consecutive quarter with over 1.9M in net losses
 Earlier Picks: 
Sara Fischer / Axios:
To expand into niche areas, Morning Brew debuts a creator program letting independent writers work for the company full time while keeping their distinct brands
Alex Sherman / CNBC:
Mark Hoffman, CNBC's president since 2005 and chairman since 2015, will step down on September 12; KC Sullivan will return to CNBC to replace him as president
Joe Flint / Wall Street Journal:
Nielsen strikes a deal with Amazon to measure Thursday Night Football, the first time a streaming service will be included in Nielsen's weekly TV viewing report