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3:25 PM ET, May 9, 2025

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 Top News: 
Alex Sherman / CNBC:
Sources: ESPN will call its forthcoming flagship streaming app ESPN; the cheaper option will still be ESPN+, which doesn't include the most-watched live games  —  At long last, ESPN has chosen a name for its upcoming all access streaming service.  —  Ready?  —  It's “ESPN.”
Scroll.in:
Indian news outlet The Wire says the government blocked access to its English site in India; the government blocked four outlets' social media accounts on May 8  —  The news outlet said it was taking all necessary steps to challenge the ‘arbitrary and inexplicable’ move.
New York Times:
A judge orders the release of Tufts student Rumeysa Ozturk from ICE; the main evidence provided against her was an op-ed she co-authored criticizing Israel  —  The student, Rumeysa Ozturk, was being detained in Louisiana.  A federal judge said her detention threatened to chill the speech of millions of noncitizens.
Kasey Moore / What's on Netflix:
Netflix plans to remove the two remaining interactive specials, Black Mirror: Bandersnatch and Unbreakable Kimmy Schmidt: Kimmy vs. the Reverend, on May 12  —  The last remaining interactive specials on Netflix are departing the service...  Netflix is preparing to remove its final two interactive specials from the platform.
Matthew Belloni / Puck:
Sources: art house streaming service and film distributor Mubi is raising $100M from a consortium led by Sequoia, valuing the company at more than $1B  —  The art house streaming service and film distributor Mubi is raising $100 million from a consortium led by Sequoia Capital.
Bloomberg:
Sources: CTV ad platform MNTN may launch its IPO next week after delaying due to market volatility; filing: MNTN had a $21.1M Q1 net loss on revenue of $64.5M  —  Connected TV advertising platform MNTN Inc. is considering launching its initial public offering as soon as next week …
Caitlin Huston / The Hollywood Reporter:
AMC Networks reports Q1 revenue down 7% YoY to $555.2M, operating income down 41.7% to $64M, streaming revenue up 8% to $157M, and 10.2M streaming subscribers  —  The company is now only reporting paid streaming subscribers and not including those who are part of broader linear packages.
Jeffrey A. Trachtenberg / Wall Street Journal:
News Corp reports Q3 revenue up 1% YoY to $2.01B, net income of $103M, Dow Jones revenue up 6% to $575M, and $514M in News Media revenue; WSJ has 4.34M subs  —  Digital and print Wall Street Journal subscriptions totaled 4.34 million for March quarter, company says
Tony Maglio / The Hollywood Reporter:
EchoStar says it lost 380K subscribers in Q1 for a total of ~7.4M and reports pay TV revenue fell 7.4% YoY to $2.5B and operating income fell 2.5% YoY to $653M  —  Sling's churn was worse than Dish's, if we're pointing fingers.  —  Dish TV and Sling TV combined for a loss of 380,000 subscribers …
Sean Burch / The Wrap:
New York Gov. Kathy Hochul approves a bill increasing the state's film and TV subsidy from $700M to $800M, including $100M for independent movies  —  Gov. Kathy Hochul signed a bill on Friday that earmarks $100 million for independent movies produced in the Empire State
 
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 Earlier Picks: 
Lillian Rizzo / CNBC:
FanDuel Sports Network says its paid subscribers doubled to nearly 650,000 over a period of eight weeks and expects to reach 1M D2C customers by the end of 2025
Brian Steinberg / Variety:
Paramount reports Q1 revenue down 6% YoY to $7.19B, a $550M net income, Paramount+ subs up 11% to 79M, and still expects the Skydance deal to close in H1 2025
ABC News:
President Trump appoints Fox News host and former prosecutor Jeanine Pirro as interim US attorney for DC, replacing his earlier pick, Ed Martin
Sarah Perez / TechCrunch:
Meta says it will start testing video ads on Threads with a “small number” of advertisers, and “Reels trending ads”, which will be shown next to trending Reels
 

 
From Techmeme:

Maxwell Zeff / TechCrunch:
OpenAI rolls out Codex, an AI coding agent powered by codex-1, a version of o3 optimized for software engineering, for ChatGPT Pro, Enterprise, and Team users

Marcus Mendes / 9to5Mac:
Epic's new motion asks a US district judge to order Apple to approve Fortnite on the US App Store, calling Apple's continued refusal contempt of court

Justin Lahart / Wall Street Journal:
MIT says it no longer stands behind a widely circulated research paper by its student that claimed an AI tool boosted discoveries in a materials science lab
 
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