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11:02 AM ET, May 22, 2024

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 Top News: 
Aisha Malik / TechCrunch:
TikTok launches its Symphony AI suite for brands, using generative AI to let marketers write scripts, produce videos, and enhance current assets  —  TikTok is the latest tech company to incorporate generative AI into its ads business, as the company announced on Tuesday that it's launching a new “TikTok Symphony” AI suite for brands.
Discussion: Adweek, The Media Leader and Digiday
Alex Ritman / Variety:
UK-based studio Anton raised €100M led by BlackRock-managed funds and accounts to expand its feature film and TV series development and production  —  Anton, the European production, financing and sales group behind “Greenland,” is set to ramp up its output following a significant injection of funds.
Murray Stassen / Music Business Worldwide:
Amid a dispute between music publishers and Spotify, the NMPA asks Congress to change copyright law to give rights holders more options to negotiate royalties  —  The National Music Publishers Association (NMPA) has called on Congress to make a change to copyright law in the United States …
Max Tani / Semafor:
Email: WaPo newsletter editor Elana Zak asked writers not to link to a story on Prince Harry's allegations that new CEO Will Lewis helped with hacking coverups  —  The Scoop  —  A top Washington Post editor instructed editors Tuesday night not to promote a story about a controversy involving the paper's new CEO Will Lewis.
Alex Weprin / The Hollywood Reporter:
SEC filing: Vivek Ramaswamy owns shares and call options worth ~$4M in BuzzFeed, or a 7.7% stake, and seeks a shift in its strategy; BZFD jumps 10%+  —  Ramaswamy has acquired just under 8% of BuzzFeed, with plans to push for “a shift in the company's strategy.”
RELATED:
Paresh Dave / Wired:
Google plans to test search and shopping ads in its AI Overviews, drawing from advertisers' existing campaigns; AI Overviews rolled out to US users last week
Charlie Warzel / The Atlantic:
OpenAI's Scarlett Johansson debacle is merely a reminder of AI's manifest destiny philosophy: “This is happening, whether you like it or not”, consent be damned  —  The Scarlett Johansson debacle is a microcosm of AI's raw deal: It's happening, and you can't stop it.
Thomas Buckley / Bloomberg:
Pixar lays off ~175 employees, or around 14% of its workforce, the biggest restructuring in Pixar's history, and plans to stop making original shows for Disney+  —  About 175 employees are getting layoff notices Tuesday, the company said.  —  The reductions reflect a decision to refocus Pixar …
Sophie Culpepper / Nieman Lab:
Q&A with Press Forward's inaugural director Dale Anglin on bringing her experience from Cleveland Foundation, challenges facing news philanthropy, and more  —  “I see, every week, some example of where the two don't understand each other.  Each of them needs to shift a little bit."
Nilay Patel / The Verge:
Q&A with Google's Sundar Pichai about new AI features, the future of search and its impact on publishers, providing value for YouTube content creators, and more  —  The head of Google sat down with Decoder last week to talk about the biggest advancements in AI, the future of Google Search, and the fate of the web.
Huizhong Wu / Associated Press:
In a video statement, Chinese journalist Zhang Zhan says she was released from prison after serving four years for charges related to covering COVID-19 in Wuhan  —  Zhang Zhan was released from prison after serving four years for charges related to reporting on the COVID-19 outbreak in Wuhan …
 
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 More News: 
Michael Nuñez / VentureBeat:
Generative AI music startup Suno raised $125M from Lightspeed Venture Partners, Nat Friedman, Daniel Gross, Matrix, Founder Collective, and others
Allison Quinn / The Daily Beast:
Russian state-run channel Rossiya24 is broadcasting days-old episodes of Tucker Carlson's show with a Russian voiceover
Christopher Dring / GamesIndustry.biz:
Ziff Davis' IGN acquires the UK-based Gamer Network, which includes digital brands GamesIndustry.biz and Eurogamer, and lays off some staff
 Earlier Picks: 
James Warrington / Telegraph:
ITV starts offering voluntary buyouts as it aims to save £50M/year amid an ad slump and a slowdown in sales of its shows; sources: ITV expects to cut ~200 jobs
Discussion: Broadcast and Deadline
Emma Roth / The Verge:
Microsoft debuts a new AI feature for Edge to translate spoken content via dubbing and subtitles live, on YouTube, news sites like Reuters, LinkedIn, and more
Sara Fischer / Axios:
Sources: Google is warning nonprofit newsrooms that passage of a new California ad tax bill would threaten to pause Google News Initiative funding in US
Todd Spangler / Variety:
Comcast says StreamSaver, a bundle of Peacock, Netflix, and Apple TV+, will be available starting next week to Comcast TV or broadband customers at $15/month
Associated Press:
Israeli officials reverse course and order the return of seized camera equipment to AP, after earlier seizing cameras and blocking AP's live feed from Gaza
 

 
From Techmeme:

Gavin Anderegg / anderegg.ca:
Bluesky is working to become fully decentralized but it could take years amid financial concerns as it makes money only by selling domains for usernames

Wall Street Journal:
Sources: T-Mobile's network was among the systems hacked by the China-linked Salt Typhoon group, and some foreign telecommunications firms were also compromised

Wall Street Journal:
Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever
 
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