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8:15 AM ET, November 14, 2024

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 Top News: 
Robbie Whelan / Wall Street Journal:
Disney reports Q4 revenue up 6% YoY to $22.6B, TV network revenue down 6% YoY to $2.5B, and a $321M DTC streaming profit, up from a $387M loss in Q4 2023  —  Streaming profit and studio are bright spots, while income from cable and theme parks declines  —  Disney's streaming business …
RELATED:
Manish Singh / TechCrunch:
Reliance and Disney complete their $8.5B Indian media merger, creating India's largest media group with $3.1B in annual revenue and 50M+ streaming subscribers  —  Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment behemoth …
Anne Steele / Wall Street Journal:
Spotify plans to pay incentives to video creators who hit certain viewing thresholds and, in January 2025, to let Premium users view podcast videos without ads  —  Audio-streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads
RELATED:
Sara Fischer / Axios:
Spotify projects its first full year of profitability ever in 2024; CEO Daniel Ek says profitability is the new normal for Spotify
Alex Weprin / The Hollywood Reporter:
CEOs at Nexstar, Sinclair, and Tegna, plus some analysts, say they expect deregulation and consolidation in the broadcast TV industry under Trump's FCC  —  Flush with political ad dollars and anticipating a deal-friendly environment, moguls are eyeing big moves to roll up lucrative local broadcasters.
Todd Spangler / Variety:
Don Lemon, who sued Elon Musk and X after a deal fell apart, says he's leaving X on November 15, citing X's new ToS that moves legal disputes to Texas courts  —  Don Lemon, a one-time business partner of Elon Musk who's now suing the tech mogul, is done with X.
Murray Stassen / Music Business Worldwide:
German royalty licensing group GEMA sues OpenAI and subsidiary OpenAI Ireland in Munich Regional Court, claiming ChatGPT violates copyrights of lyrics  —  OpenAI, the $157 billion-valued US-based AI giant behind ChatGPT, has been sued by German collection society and licensing body GEMA.
Jennifer Maas / Variety:
In Q4, Disney added 4.4M Disney+ Core paid subscribers, reaching 120M in total, Disney+ Hotstar subscribers rose 1% YoY to 35.9M, and Hulu subscribers hit 52M  —  Disney ended its 2024 fiscal year with 122.7 million Disney+ Core paid subscribers, an increase of 4.4 million subs …
Wall Street Journal:
X names former Tubi CFO Mahmoud Reza Banki as its CFO; Trump pardoned Banki in January 2021 for making false statements; a source says he joined X in November  —  Mahmoud Reza Banki, former Tubi finance chief, joins platform amid financial challenges  —  Elon Musk's X Corp. named Mahmoud …
Jay Peters / The Verge:
The WSJ is testing AI-generated article summaries at the top of new stories in a “Key Points” box to see how readers respond, following Gannett and others  —  The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top of its news stories.
Discussion: TVNewsCheck and MediaPost
Lillian Rizzo / CNBC:
Amazon Prime Video will offer Diamond Sports Group's 16 regional sports networks, newly branded as FanDuel Sports Network, as add-on subscriptions  —  Diamond Sports reached a deal with Amazon's Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform.
 
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 Who's Hiring in Media? 
Senior Data Journalist, NY — WSJ
Manager - Publishing Editorial, Manila — Reuters
Oil Reporter, Singapore — Bloomberg
Newsperson - State Govt. & Politics, CA — AP
Business Reporter, SC — Post & Courier
State Government Reporter, WA — Seattle Times
Climate Crisis Columnist — Prospect UK
Multimedia Journalist, CA — Paramount
Community Engagement Mgr., DC — Freedom Forum
Senior California Politics Reporter, CA — SFGATE
Staff Writer - Business, NY — WIRED
Team Editor - Opinion, ON — Toronto Star
Assistant Correspondent, DC — Kyodo News
Climate & Weather Reporter, MN — Star Tribune
Senior Tech Editor, Remote US — The Verge
Lead Business Reporter, TN — Daily Memphian
Managing Editor, WA — Everett Herald
Private Credit Reporter, NY — Debtwire
Trending News Reporter, TX — Houston Chronicle
City Correspondent, London — Financial News
Legislative Reporter, CA — Sacramento Bee
Reporter, PA — Tribune-Review
Visual Editor, Remote — Rest of World
Staff Writer, MI — Watershed Voice
Senior Political Reporter, DC — The Lever
California Playbook Writer, CA — Politico
National Investigative Reporter, NY — HuffPost
Business & Gaming Reporter, NV — Las Vegas Sun
Coastal Climate Reporter, SC — Island Packet
Environment & Energy Reporter, CT — CT Mirror
Coordinating Editor, OR — OPB
Editor, Remote US — Daily Kos
Business Reporter, WA — Longview Daily News
Editor-in-Chief, AZ — Phoenix New Times
 
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 More News: 
Charlotte Tobitt / Press Gazette:
Guido Fawkes owner Paul Staines plans to step down as editor of the UK political news blog after 20 years; the blog has crowdfunded £92K+ to fight a libel claim
New York Times:
A look at “blind box livestreaming”, an e-commerce trend in China that has become an entertaining and, some users and experts said, addictive pastime
Christianna Silva / Mashable:
The once-unified BookTok community has become a battleground over politics and how it intersects with writers, influencers, readers, and the books themselves
Alex Kantrowitz / Big Technology:
Q&A with Spotify Co-President and CTO Gustav Söderström on AI-generated music, NotebookLM podcasts, AI recommendations, improving discoverability, and more
more at Techmeme »
Gene Maddaus / Variety:
The Louisiana House of Representatives voted to end the state's $150M film and TV production tax incentive; the bill still needs the Senate and governor's OK
Paul Beckett / Columbia Journalism Review:
The WSJ's Washington bureau chief during Evan Gershkovich's arrest in Russia discusses the newspaper's “be loud” strategy that helped free the reporter
CNN:
Patrick Soon-Shiong says Harris' Gaza stance contributed to non-endorsement, and plans to “balance” LA Times' opinion page with conservative and centrist voices
 Earlier Picks: 
Mia Sato / The Verge:
Patreon says creators and their fans can now give away gift memberships and creators will be able to send discounts and sales to fans
Discussion: TechCrunch
The Information:
Sources: Instagram's ad unit plans to launch ads on Threads in early 2025; Meta's public statements imply that any Threads ad rollout in 2025 will be slow
Chris Roush / Talking Biz News:
Yahoo Finance hires Anthony Galloway as head of content; he was previously the WSJ's chief content officer of editorial video, audio, and voice programming
Dan Milmo / The Guardian:
The Guardian says it will no longer post on “any official Guardian editorial accounts” on “toxic media platform” X; reporters will still use X to gather 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
 

 
From Techmeme:

Kent Walker / The Keyword:
Google says the US DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers and jeopardize US' global tech leadership

Daniel Howley / Yahoo Finance:
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates

Matt Swayne / The Quantum Insider:
Google researchers introduce AlphaQubit, a machine-learning decoder that surpasses existing methods in identifying and correcting quantum computing errors
 
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