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ESPN Press Room U.S.:
ESPN and Penn Entertainment announce a deal to launch ESPN Bet, as Penn rebrands its sportsbook in the 16 US states where it is licensed; PENN jumps ~15% — Sports betting deal to include a streamlined experience for sports fans — ESPN today announced an agreement with PENN Entertainment …
Discussion:
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Axios:
Penn Entertainment is selling Barstool Sports back to founder Dave Portnoy, who has accepted certain noncompete agreements; Penn had bought Barstool for $551M
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@stoolpresidente, Yahoo Finance, The Desk, MediaPost, Variety, Newser, New York Post, WPRI.com, @kerrymflynn, @kerrymflynn, @buccocapital, @petersterne, @neilcybart, @tomgara, @buccocapital, Financial Times, @seangriffey, @pkafka, @joepompliano, @esaagar, @kerrymflynn, @sarafischer, @jswartz, Sportico, @barstoolhubbs, @lizrhoffman, @tomaxwell, @darrenrovell, @markstenberg3, @barstoolbigcat, @tomscibelli, @trungtphan, Front Office Sports, Advanced Television, The Wrap, Fortune, CNBC, Barrett Media, Los Angeles Times, The Information, Awful Announcing, The Hill, The Athletic, Next TV, Variety, Deadline, Insider, Bloomberg and Cord Cutters News
Amanda Meade / The Guardian:
Australia's ABC shutters all but four of its accounts on X, citing “toxic interactions” and cost, amid shifting resources to TikTok, Facebook, and Instagram — The public broadcaster says interactions on the platform are ‘toxic’ as it closes almost all its Twitter accounts
Discussion:
The Desk, @qanda, @Greguti@pouet.chapril.org, @markdistef, @archcontext, @sirsteven, @markdistef and TechCrunch
Catherine Perloff / Adweek:
Google changes the name of one of its advertising video formats from “in-stream ads” to “skippable ads”, after a report accused YouTube of misleading buyers — What was once in-stream ads are now skippable ads — Google removed “in-stream” classification from the name of one of its video formats.
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Blake Brittain / Reuters:
Gizmodo EIC Dan Ackerman sues Apple, the Tetris Company, and others, claiming they adapted his book about Tetris into a feature film without his permission — Dan Ackerman, editor in chief of the tech-news website Gizmodo, filed a lawsuit in Manhattan federal court on Monday accusing Apple …
Discussion:
IndieWire, Talking Biz News, Insider, Metro, Engadget, The Verge, The Wrap, Variety, 9to5Mac and AppleInsider, more at Techmeme »
Lara O'Reilly / Insider:
Private equity firm Novacap acquires TV adtech company Cadent from Lee Equity Partners, a source says for $600M — - PE firm Novacap has acquired TV adtech company Cadent. — The deal is valued at around $600 million, according to a source. — Cadent now plans an acquisition spree to bolster the platform's growth.
Discussion:
Axios, AdExchanger, Next TV and Advanced Television
Alex Isenstadt / Politico:
The RNC picks Fox Business to host the second GOP presidential primary debate on September 27, after Fox News hosts the first debate later on August 23 — It's now two-for-two for the Murdoch empire when it comes to presidential candidate forums. — The Republican National Committee …
Discussion:
The Wrap, UPI, Deadline, @brianstelter, The Hill, @wlabovitz, @politicoalex, @joelmathis.bsky.social, New York Daily News and Semafor
Scott Roxborough / The Hollywood Reporter:
RTL Deutschland launches a €12.99 per month “all-in-one” streaming bundle with video, live sports, music, podcasts, audiobooks, and digital magazines — The new “all-inclusive” platform is promising German subscribers a one-stop-shop for video, live-sports, music, podcasts …
Discussion:
The Desk
Joe Otterson / Variety:
Wonya Lucas, who became the president and CEO of Hallmark Media in 2020, plans to depart the company at the end of 2023 but will continue on its board — Hallmark Media president and CEO Wonya Lucas will depart the company at the end of the year. Upon her departure, Lucas will continue …
Discussion:
The Desk, Next TV, Cord Cutters News, The Wrap, The Hollywood Reporter, WORLD SCREEN, Advanced Television, Adweek and Deadline
Reuters:
The WGA strike hits 100 days: negotiations with major studios are stalled and writers are protesting what they describe as a disregard for their demands — The Hollywood writers' strike marks 100 days on Wednesday with contract talks stalled and people on the picket lines protesting what they describe as a disregard for their demands.
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Martin K.N Siele / Rest of World:
In Kenya, TikTok's most active African country, creators make money hosting protest livestreams, which protesters say help them stay safe from police violence — At least 23 people have reportedly been killed as crowds oppose proposed tax increases. — • NAIROBI, KENYA
Discussion:
Fox News and Reuters Institute, more at Techmeme »
Sophie Culpepper / Nieman Lab:
A look at Norwegian newspaper Verdens Gang's “transparency portal”, launched to improve audience trust after facing criticism for a botched story — Readers “have to see this again and again and again, I think, before you really make an impact.”
Variety:
Source: Comcast-owned Sky, the UK's largest pay-TV broadcaster, gives up the rights to broadcast the Oscars, acquired from the BBC in 2004, as ratings decline — After a 20-year pact, the Oscars will no longer broadcast on Sky in the U.K., Variety has confirmed.
Discussion:
@goldbart1, Deadline and Advanced Television
Gavin J Blair / The Hollywood Reporter:
Sony Pictures reports Q1 profit down 68% YoY to $115M, revenue down 6% YoY to $2.3B, and forecasts unchanged FY 2023 profit; Music profit rose 20% YoY to $86M — Sony Corp. reported its latest financial results in Tokyo on Wednesday, with revenue at the pictures division down slightly to $2.3 billion.
Discussion:
The Wrap, Associated Press, Sony, Sony, Deadline and Variety, more at Techmeme »
Elizabeth de Luna / Mashable:
X begins making ad revenue payouts to smaller creators, after releasing payments to thousands of select accounts; how payouts are calculated remains unclear — ‘$8 to make $370 is a fantastic ROI for something I do anyway,’ one creator tweeted. … X is finally paying smaller creators …
Discussion:
MarTech, Engadget, Techlusive, Digiday, @support, The Information, Forbes, Adweek and The Wrap, more at Techmeme »
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