Top News:
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.
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 …
Discussion:
Deadline, @seasalt_bae, @chrisharihar, Emily Horgan on LinkedIn, The Independent, CBR, Kidscreen, @discussingfilm, Hernan Lopez on LinkedIn, @hiimbobbi, BGR, @hecallsmepp, The Hollywood Reporter, Just Jared, The Verge, Variety, avclub.com, The Wrap, Daily Disney News, Comic Book and @lucas_shaw@threads.com
Financial Times:
Sources: Trump Media and Technology Group aims to raise $2B in fresh equity and another $1B via a convertible bond to buy cryptocurrencies such as 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
Discussion:
@born2wrshp.bsky.social, Proactive, ZyCrypto, PYMNTS.com, Decrypt, Yahoo Finance, The Block, The Business Times, Cointelegraph, The Wrap, Raw Story, New York Post, Inside Bitcoins, crypto.news, Crypto Briefing, Wccftech, @antoinegara.bsky.social, CoinDesk, The Independent, BeInCrypto, Bitcoin Magazine, Reuters, NewsMax.com, NFTgators, CryptoSlate, CoinGape and CryptoPotato, more at Techmeme »
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.
Discussion:
Variety, Variety, The Hollywood Reporter, Benzinga, Daily Disney News, @pdergarabedian, @filmbrainbmb.bsky.social, @empirecitybo, Bleeding Cool News, Steve Siskind on LinkedIn, CBS News, @ercboxoffice, JoBlo, Deadline, People, Barron's Online, World of Reel, SlashFilm, Screen Rant and The Wrap
Financial Times:
JioHotstar has grown its subscriber base from 50M in March to over 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:
Financial Express, @johnreedwrites, TipRanks Financial, @refsrc, @normal_2610, Benzinga and Semafor, more at Techmeme »
Max Tani / Semafor:
Sources: some WaPo staffers say opinion editor Jonathan Capehart's new book pits colleagues against each other and appears to run afoul of editorial guidelines — The Scoop — A new book by a Washington Post opinion editor is spilling a years-old fight back out into the open …
Discussion:
@semaforben, @dankennedy.net and @cehoskinson
Ray Schultz / MediaPost:
The Washington Post Tech Guild plans to pursue its first collective bargaining agreement with the company following a vote of 171-38 to establish the union — The Washington Post Tech Guild will pursue its first collective bargaining agreement with the company following a vote of 171-38 …
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 »
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 …
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 …
Lucas Shaw / Bloomberg:
How BookMyShow, primarily a movie ticket seller, has led India's live music market expansion by partnering with companies like AEG and Live Nation — Sales from live events in India eclipsed $1 billion for the first time in 2023 and are projected to keep growing
Discussion:
@lucas_shaw, Barrett Media and Los Angeles Times
Nicole Sperling / New York Times:
A look at Imax's rise thanks to its box office contributions, even as traditional theaters worry it could make moviegoing a luxury and reduce overall attendance — Movie studios are putting more emphasis on the IMAX brand as it stands out as a bright spot in the theater business.
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