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3:25 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.
Alex Barinka / Bloomberg:
As part of its ban on political ads, TikTok will remove paid political posts by influencers; election-related posts will be reviewed and could be throttled  —  TikTok is banning influencers from posting paid political content, one of the steps the social network is taking to shore up its platform …
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.
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, Fast Company and Adweek
Janko Roettgers / Protocol:
A look at Netflix's gaming initiative, as it experiments with ways to surface games to subscribers and job listings show it is hiring for a cloud gaming service  —  Netflix's foray into gaming is dead on arrival — at least according to the latest headlines about the company's first few mobile games.
Emre Kizilkaya / Nieman Reports:
Amid a largely government-controlled media landscape, a look at four independent outlets in Turkey: Kapsül, Medyascope, Sözcü, and Podfresh  —  Independent journalists are stubbornly persisting in digital formats from newsletters to videos to podcasts
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.
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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
 Earlier Picks: 
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