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11:15 AM 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% …
Discussion: Ofcom and Deadline
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.
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 …
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.
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
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  —  The U.S. government urged the U.S. Supreme Court on Monday to rule that a photographer can pursue a copyright lawsuit …
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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 Featured Newsletter: 
Introductory discounts drive subscription purchases, consumers say  —  73% of consumers say they're more likely to subscribe to digital publications when offered introductory discounts.
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 More News: 
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

From Techmeme:

Rachel Metz / Bloomberg:
In a blog post, OpenAI CEO Sam Altman says Ilya Sutskever won't be a board member, but the company is “discussing how he can continue his work at OpenAI”

Alex Ivanovs / Stack Diary:
Researchers develop a “divergence attack” that makes ChatGPT emit sequences copied from its training data, by prompting the LLM to repeat a word numerous times

Tim Bradshaw / Financial Times:
ASML CEO Peter Wennink plans to step down in April 2024 after over 10 years at the chip equipment giant, replaced by industry veteran Christophe Fouquet

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