Mediagazer: JioHotstar grew its subscriber base from 50M in March 2025 to 280M+ in May, driven by IPL cricket streams, nearing Netflix's global subscriber count of 300M (Financial Times)

8:35 AM ET, May 27, 2025

Top News:

David Folkenflik / NPR:

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Discussion: New York Times, @davidfolkenflik, @emilyzfeng.bsky.social, Plain Dealer, Fox News and Boston Herald

Edith Hancock / Wall Street Journal:

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Dominic Ponsford / Press Gazette:

Docs: The Guardian reports revenue up 6.7% YoY to £275M in the year to March 2025, losses down to <£25M, digital revenue up 20%+ YoY to £100M+, and 1.3M subs — Title reports boom in reader revenue, which has been helped by US opposition to Trump.

Discussion: Dominic Ponsford on LinkedIn, @dominicponsford.bsky.social, @dangerouscorner.bsky.social and Telegraph

Bloomberg:

Filing: Tencent is buying a ~10% stake in SM Entertainment for ~$180M from BTS agency Hybe, as China is expected to lift its unofficial ban on K-pop concerts — Tencent Holdings Ltd. is snapping up a nearly 10% stake in SM Entertainment Co. Ltd valued at about $180 million …

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Lucas Shaw / Bloomberg:

Sources: Disney+ will exclusively stream every season of CoComelon starting in 2027, paying tens of millions of dollars annually to take it away from Netflix — One of Netflix's most-watched titles will move to Disney+ in 2027 — Walt Disney Co. has secured the exclusive streaming rights …

Financial Times:

Sources: Trump Media and Technology Group aims to raise $2B in fresh equity and another $1B via a convertible bond to buy crypto, including bitcoin — US president's administration and family have become staunch advocates for digital assets — Antoine Gara, Oliver Barnes and George Steer in New York, Arash Massoudi in London

Ben Fritz / Wall Street Journal:

Comscore: US and Canada box office sales totaled $326.7M for a record Memorial Day weekend, led by Disney's Lilo & Stitch remake, which grossed $183M — Strong holiday weekend contributes to major comeback for this year's domestic box office — It was a blockbuster Memorial Day weekend for Hollywood, led by a little blue alien.

Semafor:

Inside the “anti-woke” media's identity crisis after Trump's win, amid concerns The Free Press and others are becoming platforms for “moderate Trump sycophants” — The libertarian journalist Michael Moynihan felt the shift on election night 2024, after it had become clear that Donald Trump would win.

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Financial Times:

JioHotstar grew its subscriber base from 50M in March 2025 to 280M+ in May, driven by IPL cricket streams, nearing Netflix's global subscriber count of 300M — Subscriptions soar as JioStar consolidates rights for world's richest league in sport-mad nation — Krishn Kaushik and Chris Kay in Mumbai

Discussion: MediaBrief, @johnreedwrites, @refsrc, @normal_2610, Financial Express, Benzinga and Semafor

Max Tani / Semafor:

Bloomberg renamed its DEI team as the HR Inclusion team; editor John Micklethwait says its efforts will no longer specifically focus on underrepresented groups — THE SCOOP — Bloomberg editor John Micklethwait has told his newsroom the company is changing its inclusion efforts …

Callie Holtermann / New York Times:

A look at the Ditch Weekly, a newspaper run by 20 teenagers and covering Montauk, New York, with a goal to distribute 2,000 copies a week through Labor Day — From left, Teddy Rattray, Harry Karoussos and Billy Stern of The Ditch Weekly. Billy started the newspaper with Teddy and his cousin Ellis …

Discussion: @acpresshuba, @michaelmcgough3, Melissa Chowning on LinkedIn, @edmundlee.bsky.social, @michaelkruse.bsky.social and @caitlynkim

Alexios Mantzarlis / Indicator:

The top contributor to X's Community Notes is Web3 Antivirus, a startup that uses an automated process to flag crypto scam posts and has posted 52,000 times — I thought someone was gaming X's crowdsourced moderation; instead, they appear to be helping clean up the platform's mess for free.

Discussion: @craigsilverman, more at Techmeme »

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