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3:25 PM ET, July 2, 2024

Mediagazer

 Top News: 
New York Times:
Sources: Barry Diller is exploring a bid to take control of Paramount; his digital media conglomerate, IAC, has signed NDAs with National Amusements  —  Mr. Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago.  Now, he's making a run at its parent company.
RELATED:
Alex Sherman / CNBC:
Sources: Paramount Global is in discussions with other companies about merging Paramount+ with their streamers; WBD is interested in merging Max and Paramount+  —  Paramount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform.
Melanie Goodfellow / Deadline:
VFX company DNEG raised $200M from Abu Dhabi's UASG at a $2B+ valuation to expand its Brahma division, which is developing an AI-powered, photo-real CGI creator  —  London-based The DNEG Group has secured a $200M capital injection from Abu Dhabi investment firm United Al Saqer Group (UASG).
Wall Street Journal:
Sources: Imagine Entertainment, led by Ron Howard and Brian Grazer, is seeking a buyer after receiving some inbound interest from a potential suitor  —  Production company behind ‘Apollo 13’ is working with bankers to explore a sale  —  Imagine Entertainment, the Hollywood production company known …
Stephanie Palazzolo / The Information:
Source: Runway, a startup focusing on generative AI video for Hollywood and other filmmakers, is in talks to raise $450M at about a $4B valuation  —  Runway, already the best funded among a cluster of startups developing artificial intelligence software to generate videos for Hollywood …
Discussion: @steph_palazzolo
The Moscow Times:
Spotify has removed the songs and profiles of pro-war Russian artists sanctioned by the EU; their profiles remain accessible on Apple Music and YouTube  —  Music streaming service Spotify has removed the songs and profiles of pro-war Russian artists sanctioned by the West, the Sweden-based company told The Moscow Times on Thursday.
Lloyd Coombes / Tom's Guide:
Generative AI music service Suno launches its iOS app in the US, with plans for a global rollout and an Android app  —  An AI studio in your pocket.  —  You're in luck if you've ever wanted to make music using Suno while away from your computer.  It is now available on iOS — at least, it is if you're in the U.S.
Paresh Dave / Wired:
Some YouTube employees detail internal deliberations about content relating to the Israel-Hamas war and accuse the company of inconsistent moderation  —  Insiders have shared YouTube's playbook for handling the Gaza crisis.  They argue that it shows inconsistent enforcement.
Lucas Manfredi / The Wrap:
Ampere Analysis: in Q1 2024, Netflix and Amazon commissioned 53% of all original streaming titles globally, spurred by increased investment outside of the US  —  The growth comes from increased investment in international territories, according to Ampere Analysis
 
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 More News: 
Georg Szalai / The Hollywood Reporter:
Tubi launches in the UK with over 20K movies and TV episodes, featuring content from distributors including Disney, Lionsgate, NBCUniversal, and Sony Pictures
Katie Robertson / New York Times:
Terence Samuel, the editor-in-chief of USA Today, leaves the role after a year; Caren Bohan, the executive editor of politics, is named interim EIC
Foo Yun Chee / Reuters:
Preliminary findings: the EU says Meta's pay or consent ad model breaches the DMA; Meta faces a fine of up to 10% of its global annual turnover if found guilty
 Earlier Picks: 
Alex Griffing / Mediaite:
Hunter Biden sues Fox News over its six-part “mock trial” series The Trial of Hunter Biden, alleging the network targeted him to “harass” and “humiliate” him
Alex Weprin / The Hollywood Reporter:
Sesame Workshop, the non-profit that produces Sesame Street, names Sherrie Westin as its new CEO, as it plans to “reimagine” Sesame Street starting in fall 2025
CBS News:
SCOTUS orders lower courts to take another look at Texas' and Florida's social media laws, saying neither lower court conducted proper analysis of 1A challenges
Charlotte Tobitt / Press Gazette:
B2B information and data provider Wilmington sells its UK healthcare business, which includes Health Service Journal, to PE firm Inspirit Franklin for £26M
Katie Kilkenny / The Hollywood Reporter:
Some Hollywood writers and actors are struggling to meet salary or work requirements to keep their union's health insurance plans, following the 2023 strikes
 

 
From Techmeme:

Barbara Ortutay / Associated Press:
Trump extends the TikTok ban deadline for a third time; there is no legal basis for the extensions and it is unclear how many times the deadline can be extended

Andrej Karpathy / Y Combinator on YouTube:
Andrej Karpathy's talk on “Software 3.0”, with LLMs enabling programming via natural language, the decade of agents, LLMs as “fallible people spirits”, and more

Peggy Corlin / Euronews:
The EU says Apple and Meta will not face sanctions immediately after their 60-day DMA grace period ends on June 26, following €500M and €200M fines in April
 
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