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5:00 AM ET, February 5, 2025

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 Top News: 
Todd Spangler / Variety:
Alphabet reports YouTube Q4 ad revenue up 14% YoY to $10.47B, vs. $10.23B est., driven by the US election as both political parties almost doubled 2020 spending  —  YouTube, the internet's biggest streaming video platform, delivered a healthy 13.8% increase in global ad revenue …
Jameel Jaffer / New York Times:
Each legal settlement with Trump by powerful media organizations weakens the freedoms they rely on, damages their credibility, and pressures other outlets  —  Judge Learned Hand, revered for his eloquent and consequential defense of free speech at the height of World War I, came to fear …
Chris Welch / The Verge:
Sources: Sonos will release an Android-based streaming box in the coming months, priced between $200 and $400, that combines content from Netflix, Max, and more  —  After the most tumultuous nine months in Sonos' history, the brand is trying to find its footing again.
Sean Burch / The Wrap:
Fox plans to launch a subscription-based streaming service by year-end that will be priced “relatively low” and target those who don't pay for traditional TV  —  Fox Corp. CEO Lachlan Murdoch says the SVOD will be priced “relatively low” and target viewers who do not pay for traditional TV
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Dade Hayes / Deadline:
Fox Corp reports Q2 revenue up 20% YoY to $5.08B, vs. $4.82B est., ad revenue up 21% to $2.4B, driven by political ads, sports, and news, and a $388M net income
Bloomberg:
Sources: OpenAI has spent months talking to Hollywood's largest studios about the potential of video generator Sora, but no deals have emerged yet  —  - Startup has met with Hollywood studios about commercial deals  — Studios worry about business implications of new technology
Henry Chandonnet / Fast Company:
An interview with Twitch CEO Dan Clancy on competition with YouTube and Kick, exclusivity contracts, content moderation, Twitch's expansion plans, and more  —  Clancy talks competition with YouTube, content moderation, and the next phase of streaming.  —  Business leaders are often reluctant to speak about their competition.
Max Goldbart / Deadline:
Ampere predicts streamers will outspend commercial broadcasters on content for the first time in 2025, and overall content spend will rise 0.4% YoY to $248B  —  For the first time this year the streamers will spend more on content than commercial broadcasters.
Scott Feinberg / The Hollywood Reporter:
Netflix distances itself and its Oscar promotions for the film Emilia Pérez from Karla Sofía Gascón after controversy over her earlier posts on social media  —  The Hollywood Reporter has learned that the film's embattled best actress Oscar nominee Karla Sofía Gascón …
Christopher Grimes / Financial Times:
Netflix hopes its expansion into live programming boosts its nascent ad business; Bernstein estimates its two NFL games generated up to $180M in US advertising  —  Streaming group hopes boxing, wrestling and other events can also boost nascent advertising business
more at Techmeme »
Sarah Perez / TechCrunch:
Mark Zuckerberg says users on Threads can now make their custom feeds public and follow custom feeds made by others  —  Meta's Threads is doubling down on support for custom feeds as it faces challenges from the growing social network Bluesky, now with over 30 million users, which also offers custom feeds as one of its key features.
Jonathan Vanian / CNBC:
Snap reports Q4 revenue up 14% YoY to $1.56B, vs. $1.33B est., global DAUs up 9%, issues light Q1 guidance, names Ajit Mohan as CBO; SNAP jumps 10%+ after hours  —  Snap shares jumped in extended trading Tuesday after the company reported better-than-expected fourth-quarter results.
 
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 More News: 
Mike Masnick / Techdirt:
Elon Musk accused an X user, who named federal staff in a post X then removed, of “a crime”, showing what actual government social media censorship looks like
Amanda Friedman / Politico:
The White House Correspondents' Association announces that Amber Ruffin, a writer at Late Night With Seth Meyers, will headline its annual dinner on April 26
Wall Street Journal:
Major US publishers and authors sue Idaho over a new law limiting minors' access to books with “harmful” material, arguing the law is unconstitutionally broad
Kristin Robinson / Billboard:
The NMPA plans to issue 2,500 takedown notices to Spotify for podcast episodes that allegedly contain “unlicensed musical works” from 19 NMPA member publishers
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
Tortoise names two co-CEOs: Emma Sullivan, its managing director who helped lead the Observer deal, and Richard Furness, a former Guardian Media Group executive
Steven Levy / Wired:
TED head Chris Anderson announces his intention to step down after 25 years and hand over TED to whoever presents the best idea for its future
Leo Marchandon / Reuters:
Publicis reports FY 2024 net revenue of €13.97B, representing 5.8% organic growth vs. its 5.5% guidance, and expects organic growth of 4% to 5% in 2025
Max Tani / @maxwelltani:
Memo: the Los Angeles Times is offering a voluntary buyout program to all employees who have worked at the paper for at least two years
Anne Steele / Wall Street Journal:
Spotify reports Q4 revenue up 16% YoY to €4.2B, MAUs up 12% YoY to 675M, subscribers up 11% YoY to 263M, and €1.14B in 2024 net income, vs. a €532M loss in 2023
 

 
From Techmeme:

Mark Gurman / Bloomberg:
A closer look at the iPhone 17 “Air”, which lays the foundation for major design changes in future devices, including possible portless and foldable iPhones

Sidhartha Shukla / Bloomberg:
Crypto exchange OKX says it has “temporarily” suspended its DEX aggregator services, used to launder the $1.5B Bybit hack, after reported EU scrutiny under MiCA

Kyle Wiggers / TechCrunch:
Some developers say licenses for “open” AI models like Google's Gemma and Meta's Llama have limits that restrict commercial use without fear of legal reprisal
 
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