Top News:
Jon Porter / The Verge:
Parler agrees to be acquired by Ye, formerly Kanye West, to create “an uncancelable ecosystem where all voices are welcome”; the deal is set to close in Q4 2022 — Kanye West, the musician also known as Ye, is buying Parler, a social media platform that styles itself as a “free speech” alternative to Twitter.
Discussion:
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Mia Sato / The Verge:
TikTok plans to raise the age requirement for hosting a livestream from 16 to 18 on November 23 and let hosts limit their livestreams to adult-only audiences — TikTok is updating its livestream system to limit kids from going live and to allow streamers to only reach adults.
Discussion:
TikTok, Adweek, Deadline, MediaPost, Gizmodo, Engadget, TechCrunch and @zachbussey, more at Techmeme »
Reuters:
Sources: activist investor Irenic Capital Management, which has a $150M stake in News Corp, wants the company to split its media and online real estate units — Activist investor Irenic Capital Management, which has a $150 million stake in News Corp (NWSA.O), wants the company to split …
Discussion:
New York Times, @edmundlee, Axios and @benmullin
RELATED:
Zeynep Tufekci / New York Times:
After defamation lawsuits against Alex Jones, Fox News, and others, new regulations are needed to make it harder and less lucrative to lie to huge audiences — Alex Jones achieved the epitome of despicability and now has been ordered to pay for it. His lies — that parents of children killed …
Discussion:
@zeynep, @jamesgleick, @nytopinion, @cwarzel, @gmbutts, @brooklynmarie, @nytimes, @davidoatkins, @bkcharvard, @zeynep, The Atlantic, @jason_kint, @drneilstone and Media Voices
Mark Sweney / The Guardian:
Kantar: the number of UK homes with at least one paid video streaming service fell by 937K to 16M+ from January to September 2022, driven by the need to save — Exclusive: total number of homes with at least one subscription fell by 937,000 from January to September
Discussion:
Deadline
Mark Stenberg / Adweek:
Forbes says the outlet is on pace to host 80+ events in 2022, increasing its events revenue by 60%; event partnerships represent 35% of Forbes' total ad revenue — Sponsorships now account for 35% of its advertising revenue — The business news publisher Forbes has seen revenue …
Discussion:
@markstenberg3 and Talking Biz News
Dade Hayes / Deadline:
Comcast's Spectacor division shuts down its video game-centric network G4, a year after its relaunch; Spectacor CEO Dave Scott told staff revival efforts failed — EXCLUSIVE: Comcast's Spectacor division is pulling the plug on video game-centric network G4 TV, whose early incarnation …
Cynthia Littleton / Variety:
The Los Angeles Clippers launch livestreaming service ClipperVision with 70+ games and six channel feeds, available in Southern California for $200 per season — Nearly a decade after acquiring the NBA's Los Angeles Clippers, Steve Ballmer is finally realizing his dream to build a bigger …
Discussion:
Los Angeles Times, @billvoth, Sportico, Media Play News, Next TV, Ad Age, KTLA, NBA and The Streamable
Baz Bamigboye / Deadline:
Source: Netflix, “rattled” by negative front-page stories about The Crown, postponed its Harry and Meghan documentary, unofficially slated for December 2022 — EXCLUSIVE: Rattled after attacks on Season 5 of The Crown, Netflix has decided to postpone its documentary series featuring Harry …
Discussion:
@ukroyaltea, New York Post, IndieWire and The A.V. Club
Financial Times:
Disney may bypass French cinemas for its biggest movies and go straight to streaming in 2023, unless the country changes its “anti-consumer” distribution rules — Black Panther movie will hit screens after months of debate but US company says distribution laws must be reformed
Discussion:
Variety, The Guardian, @labboudles and Deadline
Alex Barker / Financial Times:
Sources: ITV is exploring options, including whether to sell a stake of its production arm ITV Studios, estimated to be worth more than ITV's £2.5B market cap — UK broadcaster examining whether to sell stake in maker of ‘Love Island’ and ‘Bodyguard’ in bid to unlock its value
Ina Fried / Axios:
Flipboard's CEO confirms the company last week laid off 24 staff, or 21% of its workforce, citing a “bad economy and tough outlook for the digital ad business” — Online content aggregator Flipboard last week laid off 24 staffers, or 21% of its workforce, Axios has confirmed.
Discussion:
@keithkurson, @tomaxwell and Gizmodo
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