Top 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:
New York Post, Variety, The Wrap, Deadline, @dylanbyers, @alexweprin, Cord Cutters News and @mediaevan
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
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, Engadget, TechCrunch, Hindustan Times, Associated Press, noyb, Reuters, The Verge, Bloomberg, RTÉ, @metanewsemea, Axios, @lexzard, Irish Independent, @eric_seufert, @mikeryanretail and WinBuzzer, 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:
TechCrunch, The Times, Reuters, The Guardian, Telegraph, Daily Sabah and Al Jazeera
Lily Ford / The Hollywood Reporter:
Gary Lineker plans to step down from soccer show Match of the Day after 26 years, but extends his BBC Sport contract; he is the BBC's highest-paid presenter — The ex-England soccer captain has become the face of BBC Sport and the public broadcaster's highest-paid presenter since …
Reuters:
Tencent Music reports Q3 revenue up 6.8% YoY to ~$970M, below est., social entertainment revenue down 23.9%, and paying users up 15.5%; TME drops 5%+ pre-market — Tencent Music Entertainment (1698.HK) missed estimates for quarterly revenue on Tuesday, as Beijing's crackdown …
Discussion:
Billboard, Digital Music News, Music Business Worldwide, Benzinga, Investing.com, Tencent Music, Variety and Music Business Worldwide
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.
Sara Fischer / Axios:
Source: Substack raised ~$10M in new funding; investors include Nate Silver and Omeed Malik, whose firm 1789 Capital backed Tucker Carlson's new media venture — - Substack's original value proposition of empowering writers to connect directly with their audiences has attracted a diverse set of writers …
Discussion:
ZeroHedge News
Nilay Patel / The Verge:
Q&A with the Recording Academy CEO Harvey Mason Jr. about moving the Grammys to Disney from 2027, revamping its pool of voters, disruption due to AI, and more — Rebooting the member list, taking the show streaming — is it enough in the age of AI?
Discussion:
Variety
Haroon Siddique / The Guardian:
ECHR rules in favor of Daily Mail publisher ANL, which argued that forcing media orgs to pay success fees when they lose a case violates free speech rights — Associated Newspapers argued it was ‘excessive’ for such fees to be added to the costs of people who had sued it
Discussion:
Byline Times and Press Gazette
Mark Sweney / The Guardian:
Fortress Investment Group acquires Curzon, a UK arthouse film company with 16 cinemas across the UK, a distribution arm, and a streaming service — US private equity group buys company's 16 UK cinemas, distribution arm and online streaming service — The British arthouse cinema chain Curzon …
Hugh Dougherty / The Daily Beast:
Chris Wallace quits CNN after three years, opting not to renegotiate his contract, and says he will instead go independent — The veteran broadcaster, 77, will walk away from his seven-figure role in a watershed moment for cable TV. — EXCLUSIVE — Chris Wallace is quitting CNN …
Discussion:
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