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Report: Nelson Peltz' Trian Partners reaped ~$1B from its Disney stock after his unsuccessful proxy fight; Disney heeded some of his calls, cutting 8,000 jobs — In the end, veteran investor Nelson Peltz came away with a big win in his battle with the Walt Disney Co.
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Source: Nelson Peltz has sold his full Disney stake; in April, Peltz' Trian Partners lost a proxy battle after trying to elect Peltz and Jay Rasulo to the board
Source: Nelson Peltz has sold his full Disney stake; in April, Peltz' Trian Partners lost a proxy battle after trying to elect Peltz and Jay Rasulo to the board
Discussion:
New York Times, Axios, The Ankler, 24/7 Wall St., Business Insider, Yahoo Finance, The Hollywood Reporter, The Wrap, Deadline, Gizmodo, Reuters and Variety

Tom Rubin, OpenAI's chief of IP and content, says publisher partnerships are “largely not” about training AI but instead about use of tools and display of news — It is “incumbent” on OpenAI to make sure smaller publishers get the same potential benefits from platforms like ChatGPT …
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The Atlantic, Windows Copilot News, Vox Media, Bloomberg, The Drum, The Wrap and WAN-IFRA

A look at Pixar's missteps since COVID-19: movies were released on Disney+ and key executives departed, leading to a focus on sequels to get back on track — After duds and missteps, the famed animation studio sees Inside Out 2 as key to restoring the magic.

Sources: Skydance sweetens its Paramount offer, making it more favorable to both voting and nonvoting shareholders and agreeing to put more money into Paramount — Paramount's independent committee of directors is expected to review the new bid soon — Skydance Media has submitted …
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Reuters, The Wrap, Variety, The Hollywood Reporter, Los Angeles Times and Deadline

UK banker Crispin Odey sues the Financial Times for libel over its June 2023 publication of allegations that Odey had sexually assaulted multiple women — Former City banker Crispin Odey is suing the Financial Times for libel after it published allegations that he had sexually assaulted multiple women.
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Telegraph, Mediaite, London Evening Standard, Financial News, City A.M. and Talking Biz News

Brian Weinstein moves from president and COO of Bad Robot to serving as 3 Arts Entertainment co-CEO and senior adviser to Lionsgate CEO Jon Feltheimer — Former Bad Robot President and COO, Brian Weinstein, is heading over to Lionsgate in what is a dual role: He'll be the Co-CEO …

A Haaretz journalist reveals Israeli security officials threatened him and blocked his reporting about a Mossad chief's efforts to intimidate an ICC prosecutor — Haaretz journalist was warned of ‘consequences’ if he reported on attempts by Mossad chief to intimidate ex-prosecutor

Virtual MVPD Philo, which carries 70+ entertainment channels and has 1M+ subscribers, raises prices for its Core tier to $28 per month, and adds AMC+ to Core — Sports-free virtual pay TV service is now streaming 70 channels for $28 a month, but it is tacking on AMC+ for free
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Philo blog, @tvgrimreaper, The Streamable, StreamTV Insider, The Desk and Cord Cutters News

Sources and docs: Twitch will end the contracts of its current Safety Advisory Council members; the new council will be mostly composed of Twitch Ambassadors — Twitch on Friday will terminate all members of its Safety Advisory Council, according to sources familiar with the situation and documents viewed by CNBC.
Discussion:
The Verge and Hayden Field on LinkedIn, more at Techmeme »

Sources: X and Nexstar's NewsNation plan to host separate live town halls with Trump and Robert F. Kennedy Jr.; the Biden campaign has not agreed to take part — - The Biden campaign has not agreed to take part. — A spokesperson for the Biden campaign declined to comment.
Discussion:
New York Times, @sarafischer, Poynter, Washington Post, CNN, NewsNation, The Daily Beast, CBS News and WSVN-TV

Meta begins rolling out TweetDeck-style customizable feeds on Threads globally, following a test that started earlier this month — Threads is widely rolling out a desktop site redesign that lets you customize your homepage with a series of feeds, similar to TweetDeck.

Sources: TikTok is working on a clone of its recommendation algorithm for its US users that may result in a version that operates independently of ByteDance — TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version …
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Music Business Worldwide and Music Ally, more at Techmeme »