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10:20 AM ET, May 8, 2026

Mediagazer

 Top News: 
Lily Ford / The Hollywood Reporter:
Substack says paid subscriptions to creators in the UK, its second-largest market, hit 500K+; global paid subs hit 5M+, with 50+ creators earning $1M+ annually  —  Charli XCX and Jamie Oliver are among the high-profile Brits currently using Substack, as the platform reveals exclusive new data …
Wall Street Journal:
Source: Rupert Murdoch warned Trump at a dinner in February that if streamers gained rights to more games, including NFL games, it would kill broadcast networks  —  Fox founder lobbies Trump to preserve air rights for broadcasters as powerful streamers encroach on their turf
Oliver Darcy / Status:
Letter: Freedom of the Press Foundation and RSF seek Paramount's records over reports the Ellisons allegedly agreed to compromise CNN to secure the WBD deal  —  Two press freedom groups that hold Paramount shares are demanding internal records over concerns the Ellisons have agreed to compromise …
On Substack:
Q&A with Emily Sundberg about her business, tech, and culture newsletter Feed Me, building a media business on Substack from scratch, paywalls, and more  —  Building a media business from scratch, why she's tired of being asked how much she makes, and where Feed Me is going next
Todd Spangler / Variety:
Sony Pictures reports FY 2025 revenue flat YoY to $9.9B; Sony Music reports FY 2025 sales up 15% YoY to $13.46B, and operating income up 25% to a record $2.85B  —  Music segment revenue up 15% for fiscal year, PlayStation sales flat  —  Sony Pictures Entertainment revenue came in roughly flat …
Bloomberg:
Sources: Elliott Management selected Goldman Sachs and JPMorgan Chase to lead a combined London IPO of book retailers Barnes & Noble and Waterstones Booksellers  —  Elliott Management Corp. has selected banks to lead a combined initial public offering of book retailers Barnes & Noble Inc …
Katie Campione / Deadline:
A crew of 22 workers on the YouTube series CoComelon: The Melon Patch launched a strike over working conditions and management's refusal to bargain with IATSE  —  “Rather than provide fair wages and benefits to the crew the producer is trying to hire scabs for the production that's shooting in Sun Valley …
Vaishnavi Mishra / NDTV Profit:
Axios Middle East correspondent Barak Ravid rejected allegations that his outlet coordinated with oil market insiders ahead of his story on a US-Iran peace deal  —  Reports cited Iranian political analyst Mohammad Marandi as claiming that Trump, his envoy Steve Witkoff, and son-in-law Jared Kushner …
 
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 More News: 
Daniel Thomas / Financial Times:
A look at the career of wildlife filmmaker and TV innovator David Attenborough, who first appeared on British TV screens in the 1950s and turns 100 on Friday
Gene Maddaus / Variety:
Most of California's Democratic congressional delegation sent a letter to state AG Rob Bonta urging him to “closely scrutinize” the Paramount-WBD deal
Lucia Moses / Business Insider:
Microdrama actors say their images were used to create misleading, sexual promos, pushing them to include contract clauses requiring consent for AI manipulation
Discussion: Bollywood
Terrence O'Brien / The Verge:
Spotify launches Save to Spotify, a command-line tool that allows AI agents to upload generated audio summaries and personal podcasts to a user's account
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
Axios' total Q1 content output was down 22% YoY, but page views rose 30% and page views per visitor rose 22%, as the outlet shifts away from chasing traffic
Discussion: Acast
Lizbeth Diaz / Reuters:
UK-based journalist advocacy group Article 19 says eight journalists disappeared or were murdered in Mexico in 2025; four journalists were murdered in 2024
Naman Ramachandran / Variety:
Amazon plans to merge MX Player into Prime Video in India, combining free and paid streaming catalogs on a single platform over the next few months
Mandy Dalugdug / Music Business Worldwide:
Filing: music industry organizations oppose a proposed 43% average increase to US Copyright registration fees, say the hike would lock out independent creators
 

 
From Techmeme:

Amrith Ramkumar / Wall Street Journal:
President Trump signs two executive orders aimed at speeding the development of advanced quantum computers and mitigating the security threats they present

Bloomberg:
Sources: Tencent is negotiating exits from minority investments in game studios in Japan, such as Tokyo-traded Marvelous, as it reassesses its global portfolio

Chloe Taylor / CNBC:
South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading
 
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