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10:25 PM ET, January 10, 2024

Mediagazer

 Top News: 
The Verge:
Twitch CEO Dan Clancy confirms plans to cut 500+ jobs, or ~35% of its staff, and says its workforce was oversized for its business' size, after March 2023 cuts  —  Twitch is laying off more than 500 employees, Twitch CEO Dan Clancy announced this morning, reportedly accounting for around 35 percent of its staff.
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Alex Weprin / The Hollywood Reporter:
Memo: Amazon Studios SVP Mike Hopkins says the company would cut “several hundred roles” in its Prime Video and MGM Studios units; both had cuts in early 2023  —  Mike Hopkins announced the cuts Wednesday.  —  Amazon is cutting hundreds of jobs in its Prime Video and MGM Studios division.
Deadline:
Memo: Amazon Studios Head Jennifer Salke says recent layoffs were part of its plan to consolidate the Amazon Studios and MGM theatrical distribution teams  —  EXCLUSIVE: Earlier this morning, Amazon revealed that it was laying off several hundred employees across Prime Video and Amazon Studios as part of a review of its business.
Discussion: The Wrap
Wall Street Journal:
Sources: Skydance backers are discussing an all-cash bid for National Amusements; if successful, they would pursue a second deal to merge Paramount and Skydance  —  CEO Ellison, his father, Larry, and other investors are in talks to buy Redstone's stake in National Amusements, Paramount's parent
Maria Sherman / Associated Press:
Luminate's 2023 report: the global music industry passed 4T streams in 2023, a new record and up 34% YoY; Taylor Swift accounted for one in every 78 US streams  —  Listened to more music last year?  You're not alone.  —  The global music industry surpassed 4 trillion streams in 2023 …
Todd Spangler / Variety:
Netflix President of Advertising Amy Reinhard says its ad tier has 23M+ MAUs globally, and 85% of customers on the ad tier are streaming for 2+ hours per day  —  Netflix is seeing strong growth of its advertising-based plan, having recently eclipsed 23 million global monthly active users, president of advertising Amy Reinhard said.
Michael M. Grynbaum / New York Times:
Donald Trump will appear in his first live Fox News interview in nearly two years later today; sources say Trump thinks Fox erred in settling with Dominion  —  A town hall in Iowa on Wednesday is the network's first live interview with the former president in nearly two years, the latest twist in a long-running drama.
Bloomberg:
Sources: OpenAI is in talks with CNN and Fox Corp. to license their text, video, and image content; Time “is in discussions with OpenAI” about a content deal  —  - Startup has said it's in discussions with dozens of publishers  — Negotiations come as OpenAI faces New York Times lawsuit
Press Gazette:
The Reuters Institute survey of news leaders: 48% say money from AI deals will be very little for any publisher, most will put more effort into WhatsApp, more  —  The Reuters Institute survey touched on AI pessimism, news avoidance and paywall success.  —  Less than half of news leaders feel confident …
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Bloomberg:
Sources: WPP is considering options to exit its 40% stake in market-research business Kantar; WPP sold 60% of Kantar to buyout firm Bain Capital in 2019  —  - Kantar could be valued about £7 billion in a transaction  — WPP sold a majority stake in Kantar to PE firm Bain in 2019
Sarah Perez / TechCrunch:
Sensor Tower: Netflix Games downloads rose 180%+ YoY to 81.2M globally across the App Store and Google Play in 2023, with Q4 accounting for ~53% of downloads  —  Just over two years ago, Netflix announced it would enter a new business: gaming.  Amid a mobile gaming market dominated by free …
The Guardian:
An armed gang stormed Ecuador's TC Televisión during a live broadcast, after Ecuador's president declared a state of emergency; all the gunmen were arrested  —  Gangsters unleashed wave of terror following move by President Daniel Noboa in response to gang leader's prison escape
RELATED:
Benjamin Mullin / New York Times:
Sources: Kevin Merida and the Soon-Shiong family clashed over his decision to ban journalists who condemned Israel's bombing of Gaza, 2024 budgeting, and more
 
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 More News: 
Anton Wilen / Bloomberg:
Swedish streaming service Viaplay avoids bankruptcy after getting approval to recapitalize, as part of which Canal+ and Czech PE firm PPF will get a 58.6% stake
 Earlier Picks: 
Dylan Smith / Digital Music News:
ERA: UK music sales grew 9.6% YoY to £2.22B in 2023, the highest since 2001, with £1.87B from streaming; CD sales grew for the first time in two decades, up 2%
Thomas Germain / Gizmodo:
X suspended several podcasters and journalists, including The Intercept's Ken Klippenstein and Texas Observer's Steven Monacelli, with little to no explanation