Top News:
Lauren Feiner / The Verge:
The US Senate passes the TikTok divestment bill by a margin of 79-18; the legislation now heads to President Biden, who has committed to sign it into law — A bill that would force China-based company Bytedance to sell TikTok — or else face a US ban of the platform …
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Digiday, MediaPost, The Wrap, TechCrunch, CNN, Washington Post, Rolling Stone, Gizmodo, @rhymestyle, @potus@threads.net, Wired, South China Morning Post, The Guardian, @willoremus@threads.net, @senschumer@threads.net, The Information, The Hill, @tchambers@indieweb.social, Fortune, @ogmcduck.bsky.social, Politico, @reckless1280@threads.net, New York Daily News, @joel@fosstodon.org, @sarahjeong.bsky.social, The Daily Beast, CBS News and Music Business Worldwide, more at Techmeme »
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Casey Newton / Platformer:
Legal scholars discuss how the TikTok divestment bill could survive a First Amendment challenge and why the US will likely rely on a national security argument — The First Amendment is a major obstacle, scholars say — but it isn't insurmountable — On Tuesday, the Senate voted overwhelmingly …
Discussion:
Variety, Neowin, Engadget, @kevintgates@threads.net, @crumbler@threads.net, @digiphile, New York Post and Euractiv, more at Techmeme »
Chris Morris / Fortune:
Taylor Swift's new album smashed streaming records; Spotify says it had 300M+ streams on launch day and became 2024's most-streamed album within just 12 hours — Never bet against Swifties. — Taylor Swift's loyal fan base not only sent the singer's latest album, The Tortured Poets Department …
Discussion:
Spotify, SIDE-LINE, CNN, Music Business Worldwide and Digital Music News, more at Techmeme »
Ashley Carman / Bloomberg:
Spotify Q1: revenue up 20% YoY to €3.6B, MAUs up 19% to 615M, vs. 617.9M est., subscribers up 14% to 239M, and a €168M operating income; SPOT closes up 11.41% — - Subscribers to paid Spotify tiers jumped 14% to 239 million — Swedish audio-streaming company posted record operating profit
Discussion:
Spotify, CNBC, @eldsjal, @mukund, Digital Music News, @xpangler, @spotifynews, Billboard, @thetranscript_, @lucas_shaw, Billboard, Fortune, Fast Company, The Wrap, Music Business Worldwide, Wall Street Journal, MarketWatch, Agence France-Presse, Variety, The Hollywood Reporter, Music Ally and Reuters, more at Techmeme »
Seb Joseph / Digiday:
For the third time, Google delays the deprecation of third-party cookies in Chrome, pushing back its plans to early 2025 amid regulatory scrutiny — Google is delaying the end of third-party cookies in its Chrome browser — again. In other unsurprising developments, water remains wet.
Discussion:
The Privacy Sandbox, Mumbrella, Adweek, Rudi Shumpert on LinkedIn, AdExchanger, The Information, Kimeko McCoy on LinkedIn, Achim Schlosser on LinkedIn, Alysa Hutnik on LinkedIn, Jochen Schlosser on LinkedIn, Ad Age, Andrew Gilbert on LinkedIn, Anthony Katsur on LinkedIn and Bloomberg, more at Techmeme »
Amy Graff / SFGATE:
KQED, a Bay Area NPR and PBS affiliate, is initiating buyouts, and may have layoffs or a hiring freeze; in 2023, revenue hit $90.4M and expenses $100.9M — KQED is initiating staff buyouts, an effort to reduce costs in the face of a budget deficit, SFGATE has learned.
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Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors — In 2022, Penguin Random House wanted to buy Simon & Schuster. The two publishing houses made up 37 percent and 11 percent of the market share …
Isabela Raygoza / Billboard:
RIAA: Latin music revenue in the US grew 16% YoY to $1.4B in 2023, with total streaming revenue up 17% to $1.3B and paid subscription revenue up 21% to $915M — Latin music revenues in the United States continue to hit an all-time high, exceeding the $1 billion mark for a second year in a row …
Discussion:
Digital Music News, RIAA, Music Business Worldwide, RADIO ONLINE and Variety
Sara Fischer / Axios:
Puck hires veteran journalist and TV commentator John Heilemann as its chief political columnist and partner, as the outlet expands its presence in Washington — - The company, which will host its first event for the White House Correspondents' Dinner this week, has built out a broader slate …
Discussion:
@jeffjarvis, @pucknews, @coryweinberg, @eriqgardner and The Hill
Erin Doherty / Axios:
iHeartMedia and Deep Blue Sports + Entertainment plan to launch the Women's Sports Audio Network, the “first-ever” audio platform solely for women's sports — - The Women's Sports Audio Network, which will be free, is set to include podcasts, sports reports and feature athletes' stories on and off the field.
Discussion:
The Desk, Inside Radio, Barrett Media and Radio & Television …
Jennifer Schuessler / New York Times:
PEN America cancels its 2024 literary awards ceremony, set for April 29, after months of protests over the organization's response to the war in Gaza — The event had been set for April 29, but weeks of escalating criticism of the organization's response to the war had led nearly half of the prize nominees to withdraw.
Adam B. Vary / Variety:
The Blair Witch Project cast requests retroactive residuals and “meaningful consultation” on future projects, after Lionsgate and Blumhouse announced a reboot — The directors and producers of the groundbreaking 1999 horror film release a separate statement in support …
Discussion:
Joshua Leonard, @themythtraveler, @asap17, @rickbur1n, @mothrasattorney, @nash076, @drewmcweeny, @discussingfilm, @newbyrichard3, Joshua Leonard, Joshua Leonard, Joshua Leonard, IGN, Vulture, The Guardian, The Independent, The Independent, New York Times, ComingSoon.net, The Wrap, Screen Rant, Deadline, The A.V. Club, Gizmodo, The Hollywood Reporter, Vanity Fair, Inverse and People
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