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12:55 PM ET, January 10, 2025

Mediagazer

 Top News: 
Alex Weprin / The Hollywood Reporter:
Disney, Fox, and WBD say they have agreed to discontinue their Venu Sports streaming joint venture and will focus on existing products and distribution channels  —  The sports-focused streaming service will not move forward, the companies said Friday.  —  Venu is dead.
RELATED:
CNBC:
Sources: Venu's cancellation came after the companies decided it was better to avoid the risk of an extended lawsuit that could jeopardize bundling in general  —  - News Tips  —  Got a confidential news tip?  We want to hear from you.  — CNBC Newsletters
Peter Kafka / Business Insider:
Sources familiar with Fubo's plans say it's likely that Fox will end up licensing its sports programming to the Fubo-Disney JV streaming bundle  —  - Disney, Fox, and Warner Bros. Discovery have canceled Venu, a would-be sports streaming service.  — The decision was announced days after announcing plans to launch the service.
Wired:
Live blog: The US Supreme Court hears oral arguments in TikTok's appeal against the divest-or-ban law  —  We're tuning in live as the justices consider what could be one of the most consequential First Amendment rulings of the past several decades.  —  The US Supreme Court is expected …
Alex Weprin / The Hollywood Reporter:
Apple releases season 1 of Severance, one of its biggest TV shows, on the free Roku Channel to lure new Apple TV+ subscribers; the promotion ends on January 19  —  Apple is using the Adam Scott thriller to try and drive new subscribers to its streaming service, following a number of moves …
Aisha Counts / Bloomberg:
Sources: OpenAI, Google, and other companies are collectively paying hundreds of content creators for access to their unpublished videos to train AI models  —  - YouTube, Instagram, TikTok creators licensing video footage  — OpenAI, Google paying thousands for content to train AI models
Discussion: The Information
Kyle Wiggers / TechCrunch:
Court docs: Mark Zuckerberg approved the Meta team that trains AI Llama models to use data from LibGen, a “links aggregator” to pirated, copyrighted material  —  Counsel for plaintiffs in a copyright lawsuit filed against Meta allege that Meta CEO Mark Zuckerberg gave the green light …
Nate Silver / Silver Bulletin:
Fact-checking has long been a part of every journalist's job, and having some journalists designated as misinformation experts hasn't benefited journalism  —  “Fact-checkers” as the high priests of journalism had a political beginning at Facebook — and have met a political end.
Denny Jacob / Wall Street Journal:
Former WWE boss Vince McMahon reaches a $1.7M settlement with the SEC over his failure to properly disclose payments linked to sexual misconduct allegations  —  Wrestling entrepreneur settles charges he failed to properly disclose payments to women alleging sexual misconduct
Ben Smith / Semafor:
Vogue Arabia's publisher Nervora filed a US lawsuit last summer claiming Condé Nast improperly terminated their licensing arrangement  —  The Scoop  —  Vogue editor-in-chief Anna Wintour and Condé Nast CEO Roger Lynch will host local partners on Jan. 30 at a party in Dubai ("Dress: A touch of gold!")
 
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 More News: 
Reuters Institute:
Reuters Institute global survey of media leaders: 41% are confident about journalism prospects in 2025, 74% worry about a decline in search referrals, and more
Ashley Carman / Bloomberg:
Internal data: Spotify had ~55M US subscribers as of Q3 2024, of which only ~607,000 had switched to the cheaper “basic” plan that doesn't include audiobooks
Brian Steinberg / Variety:
Sources: Amazon is exploring news show concepts, probably tied to events, such as Brian Williams' election special on Prime Video that drew ~4M viewers
 Earlier Picks: 
Ivan Mehta / TechCrunch:
NYC-based Captions, an AI-powered video editing app, introduces a free tier with basic video editing tools, while keeping AI features in its $10/month Pro tier
Jaiveer Singh Shekhawat / Reuters:
Frank McCourt's Project Liberty says it made a formal bid to ByteDance to acquire TikTok's US assets, aiming to keep the app alive without its current algorithm
Rick Porter / The Hollywood Reporter:
Netflix says WWE's Monday Night Raw pulled in 4.9M views in the regions where it's distributed; VideoAmp: Raw averaged 2.6M US households on Netflix
Max Tani / Semafor:
Memo: the deputy editor of The Root pressed writers to increase the number of stories they publish a day in part to “offset” a colleague's recent death
Annie Palmer / CNBC:
Amazon launches Amazon Retail Ad Service to let companies show ads in search results, product pages, and other areas of their own websites, initially in the US
Lillian Rizzo / CNBC:
Disney says it has an estimated 157M global MAUs watching ad-supported content across its streaming services Disney+, Hulu, and ESPN+, including 112M US users
Jill Goldsmith / Deadline:
Letterboxd, the cinephile social platform that has become an effective tool to promote independent films, hit 17M members in 2024, up from 11.4M in 2023
Discussion: AV Club
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea

Emilia David / VentureBeat:
Nvidia launches Nemotron 3, a family of AI models using a hybrid mixture-of-experts architecture and the Mamba-Transformer design, in 30B, 100B, and ~500B sizes

Arsheeya Bajwa / Reuters:
Nvidia announces it has acquired SchedMD, the developer of Slurm, an open-source workload management system for HPC and AI

 
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