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9:30 PM ET, June 18, 2025

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 Top News: 
Financial Times:
Netflix signs a landmark deal with France's TF1 to show linear TV for the first time; TF1 will broadcast all five of its channels, showing live sports and more  —  Deal will be closely watched by broadcasters, who are losing millions of viewers to streaming giants  —  Daniel Thomas and Hannah Murphy in Cannes
RELATED:
Kayla Cobb / The Wrap:
Cannes Lions: YouTube CEO Neal Mohan says YouTube Shorts now averages 200B daily views, up 186% from the 70B average daily views YouTube reported in March 2024  —  CEO Neal Mohan also shares that AI model Veo 3 will be coming to the social media platform this summer  —  YouTube has crossed another major milestone.
CNN:
With Trump's media habits once again having serious foreign policy effects, Fox News takes a pro-war stance in the MAGA media feud over the Israel-Iran conflict  —  As conservative radio host Clay Travis opened his mouth Tuesday night on Fox News, he was hyper-aware of the viewer-in-chief.
Todd Spangler / Variety:
Tubi launches Tubi for Creators, a new program that includes licensing more than 500 episodes from six YouTube creators, including Rhett & Link's Mythical  —  Fox-owned free streamer has hired ex-Vimeo exec Rich Bloom as GM of creator programs  —  Tubi is expanding its streaming buffet …
Dominic Ponsford / Press Gazette:
The Daily Beast says Reddit and Facebook have made up for falling Google referral traffic; Vox CEO says OpenAI is a good partner but still undervalues content  —  Reddit and Facebook have made up for falling referral traffic from Google for the Daily Beast.
The Hollywood Reporter:
How top Hollywood creatives are pushing Gov. Gavin Newsom to expand California's film and TV program from $330M to $750M, seeking to halt a production exodus  —  In Sacramento, A-listers delicately push to expedite a bulked-up tax incentive to halt a production exodus.
Charlotte Tobitt / Press Gazette:
The Economist reports revenue up 2% YoY to £368.5M for FY ending March 31, operating profit up 2% to £48.1M, subscribers up 3% to 1.25M, and digital subs up 8%  —  The Economist has reported a record year for revenue fuelled by growing subscriptions.
Discussion: @pressgazette
 
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 More News: 
Dan Milmo / The Guardian:
Deezer says AI-made music accounts for just 0.5% of streams on the music streaming platform, but up to 70% of those streams are fraudulent
Jennifer Maas / Variety:
Warner Bros. Games restructures its operations into teams based on its four key franchises: Harry Potter, Game of Thrones, Mortal Kombat, and the DC Universe
 Earlier Picks: 
Ted Johnson / Deadline:
The US Senate confirms Olivia Trusty to the FCC, giving Republicans a 2-1 majority after the recent departures of two members
Aisha Malik / TechCrunch:
Facebook renames its Videos tab as the Reels tab and says all videos on its platform will soon be shared as reels, regardless of their length or orientation
 

 
From Techmeme:

Bailey Lipschultz / Bloomberg:
Filing: SpaceX aims to raise $75B in its IPO, selling 555.6M shares at $135 each, which would value the company at almost $1.77T

Katherine Blunt / Wall Street Journal:
Google sold $35B in stock in its equity raise this week, up from its planned $30B and taking its total funding to $85B; a source says it contacted ~75 investors

Brendan Bordelon / Politico:
OpenAI diverges from Trump's AI EO in a new policy paper, proposing cyber risk evaluations for advanced AI systems be mandatory and led by CAISI, not the NSA
 
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