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.
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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
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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.
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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:
About Netflix, The Wrap, Deadline, StreamTV Insider, Yahoo Finance, Tv Technology, Fox Business, Justyna Borucka on LinkedIn, Amy Newton on LinkedIn, Marion Boeri on LinkedIn, Adam Straub on LinkedIn, IndieWire, Bloomberg, Fortune, PCMag, Media Play News, RetailWire, Streaming Better, The Information, Engadget, The Streamable, Benzinga, Los Angeles Times, The Hollywood Reporter, Reuters and CNBC, more at Techmeme »
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
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