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8:50 AM ET, November 14, 2024

Mediagazer

 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 powerhouse in the country's streaming and television markets.
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.
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
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.
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
 
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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 »
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
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
 Earlier Picks: 
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
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
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:

Financial Times:
Sources: the US FTC plans to investigate allegations that Microsoft is abusing its market power in productivity software to prevent customers from leaving Azure

David Pierce / The Verge:
Google releases a free Gemini app for iOS, letting users ask questions, chat via text, voice, or their camera, and use the conversational mode Gemini Live

Tony Romm / Washington Post:
Sources: the CFPB moves to place Google under formal federal supervision, an extraordinary move that may lead to regular inspections; Google fiercely resisted
 
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