Top News:
Todd Spangler / Variety:
Amazon is shutting down Freevee, its free, ad-supported streaming service launched in 2019 under the IMDb brand, and plans to move the content to Prime Video — Amazon is officially shutting down Freevee, its free, ad-supported video streaming service originally launched under the IMDb brand nearly five years ago.
Discussion:
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Jack Forrest / CNN:
President-elect Donald Trump announces he has chosen Fox News host and Army veteran Pete Hegseth to serve as his secretary of defense — President-elect Donald Trump announced Tuesday he has chosen Fox News host Pete Hegseth to serve as his secretary of defense.
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Bloomberg:
DirecTV plans to terminate its planned acquisition of Dish by midnight on November 22, 2024, if bondholders don't agree to a debt exchange — “A successful exchange was a condition for acquiring the Dish video business,” a DirecTV spokesperson said in an emailed statement.
Discussion:
Reuters, StreamTV Insider and Deadline
RELATED:
David Satin / The Streamable:
EchoStar reports a Q3 net loss of $142M on revenue of $3.89B, with Sling TV adding 145K customers but satellite service Dish losing 188K; SATS falls 12.9% — DISH continued to lose linear satellite subscribers, but the losses were fewer than the year-ago quarter.
Discussion:
The Desk, EchoStar Corporation, Tv Technology, The Wrap, Streaming Better, Benzinga, The Hollywood Reporter and Cord Cutters News
Wall Street Journal:
Sources: Disney board members are exploring fresh candidates in their search for a successor to Bob Iger, including EA CEO Andrew Wilson — Disney board members are considering outsiders including the CEO of videogame company Electronic Arts — Disney is exploring fresh candidates …
Discussion:
Rafael Brown on LinkedIn, Benzinga, Deadline, @dylanbyers, @alexweprin, Cord Cutters News, The Wrap, @mediaevan, Variety, New York Post and TVNewsCheck
Brian Steinberg / Variety:
Netflix says its ad tier has 70M MAUs globally, up from 40M in May 2024, and it sold all out available in-game inventory for its Christmas Day NFL broadcasts — Netflix, a company that once dismissed the concept of allowing commercials around its popular streaming content, now can't seem to get enough of them.
Discussion:
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Benjamin Mullin / New York Times:
Nicholas Carlson unveils Dynamo, a video-focused company that aims to make “cinematic” stories, and raised $3.4M from Henry Blodget, Jessica Lessin, and others — Nicholas Carlson is preparing to debut a media start-up of his own called Dynamo.Clark Hodgin for The New York Times
Discussion:
@bristei, @hblodget, @chaykak, @benmullin, @nichcarlson and @scottnover
Jaspreet Singh / Reuters:
Spotify reports Q3 revenue up 19% YoY to €3.99B, vs. €4.02B est., MAUs up 11% to 640M, and forecasts Q4 profit and MAUs above est.; SPOT jumps 8%+ after hours — Audio-streaming giant Spotify (SPOT.N) forecast fourth-quarter profit above Wall Street estimates on Tuesday …
Discussion:
Variety, Billboard, The Information, CNBC, Music Ally, Investing.com, Bloomberg, @richlightshed, Spotify, @richlightshed, @richlightshed, @eldsjal and Deadline, more at Techmeme »
Wall Street Journal:
Meta plans to ask Facebook and Instagram users in Europe if they want to get “less personalized ads” and cuts subscription prices by 40%, a concession to the EU — The Facebook and Instagram owner faces pressure in Europe to ask before using data to target ads or train artificial intelligence.
Discussion:
Meta, Associated Press, CNBC, noyb, Hindustan Times, The Verge, @metanewsemea, @laz_radic, @nickclegg@threads.net, Reuters, @lexzard, @nickclegg, @eric_seufert, @mikeryanretail, TechCrunch, @laz_radic, @laz_radic, Bloomberg, WinBuzzer, Mashable, RTÉ, Axios, Irish Independent and @kint.bsky.social, more at Techmeme »
Le Monde:
Le Monde, Le Figaro, Les Echos, and other French news outlets sue X, accusing it of running their content without paying, violating so-called neighboring rights — Several leading French news organizations said Tuesday, November 12, that they are suing social media platform X, accusing it of running their content without payment.
Discussion:
Reuters, TechCrunch, The Guardian, Daily Sabah and Al Jazeera
Sarah Perez / TechCrunch:
Particle, an AI newsreader, launches on iOS and iPadOS, offering features including Explain Like I'm 5 and a chatbot that lets you ask questions about stories — The media industry today may not have a very favorable view of AI — a technology that's already been used to replace reporters …
Discussion:
@particle_news, @particle_news, @particle_news, Particle, @particle_news and The Verge
Adweek:
Google cracks down on affiliate SEO businesses run by third parties, leading to much lower search visibility for those businesses at Time, WSJ, CNN, and others — The steep drops in search visibility could mean the end to outsourcing affiliate operations — The search visibility of the Forbes …
Discussion:
Mark Stenberg on LinkedIn and @simondowens@threads.net