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1:05 PM ET, May 21, 2026

Mediagazer

 Top News: 
Jem Aswad / Variety:
Spotify and UMG plan to let Premium users create AI covers and remixes using music from participating UMG artists as a paid add-on, without giving a launch date  —  Spotify and Universal Music Group have announced a major recorded-music and music-publishing licensing agreements …
RELATED:
Ethan Millman / The Hollywood Reporter:
Spotify partners with Live Nation to launch Reserved, a new feature that sets aside tickets for the most dedicated fans, starting with Premium users in the US  —  The streaming service will use streams and shares to determine an artist's most dedicated fans and set aside pairs of tickets …
Ivan Mehta / TechCrunch:
Spotify says it has 1M+ subscriptions to Audiobook+, which is on track for $100M in ARR, and unveils an ElevenLabs-powered audiobook self-publishing tool  —  Alongside tools for AI-generated podcasts, Spotify on Thursday introduced a new, ElevenLabs-powered AI tool for self-publishing audiobooks within the Spotify for Authors platform.
Ivan Mehta / TechCrunch:
Spotify Labs launches Studio, a NotebookLM-like desktop app to generate private, AI-powered podcasts, in research preview across 20+ markets  —  One of the common features for companies to build in the age of AI is to connect services like email, calendar, documents, and notes to create a daily brief in text or audio format.
Mark Stenberg / Adweek:
Sources: Penske Media is likely to acquire one or more unsold Vox Media brands, internally called Remain Co., which include The Verge, SB Nation, and Eater  —  As the portfolio is parceled up, a key revenue leader plots his exit … Following the Wednesday sale of New York Magazine …
RELATED:
Peter Kafka / Business Insider:
Q&A with Vox CEO Jim Bankoff on the sale of Vox Media's podcast network, why buyers were interested in that network, and how remaining sites are in “good shape”
Fox News:
Jeff Bezos defends WaPo layoffs, saying the outlet needs to be a profitable enterprise as “a measure of its relevance”, and noted it won a Pulitzer in 2026  —  Billionaire Washington Post owner Jeff Bezos on Wednesday responded to criticism of the brutal round of layoffs …
RELATED:
Todd Spangler / Variety:
Jeff Bezos says Amazon MGM Studios' decision to acquire and release Melania “was a good business decision”, denying that it was “a way of buying influence”
Patrick Brzeski / The Hollywood Reporter:
The Hollywood Reporter launches an Australia edition headed by EIC Sean Sennett, in partnership with Raine Media  —  Veteran journalist Sean Sennett joins as editor-in-chief of the Sydney-based title, which will cover Australia's booming screen sector across digital, print and video.
Discussion: Talking Biz News and Mediaweek
Anne Steele / Wall Street Journal:
Netflix and iHeartMedia say Charlamagne tha God's The Breakfast Club will stream live on Netflix on weekdays from June 1, the service's first daily live show  —  Charlamagne tha God's morning radio show has been a standout success among the streamer's video podcast efforts
Todd Spangler / Variety:
S&P Global says it plans to cut Paramount Skydance's credit rating from BB+ to BB after the WBD merger, indicating company debt securities are speculative grade  —  S&P Global Ratings already has placed Paramount Skydance's credit rating in junk-status territory — indicating …
Eoin Higgins / The Flashpoint:
Eoin Higgins and Hachette file an anti-SLAPP request with a NY court to obtain attorney's fees from Matt Taibbi, after Taibbi's defamation suit was dismissed  —  I'm seeking attorney's fees from the conservative pundit over his spurious defamation suit—and I'm doing it to protect free speech.
Discussion: @joestar020 and @jaredlholt
 
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 More News: 
Isabelle Bousquette / Wall Street Journal:
Higgsfield AI premieres Hell Grind, a 95-minute fully AI-generated film, at Cannes and says it took two weeks and cost $500K to make, of which $400K was on AI
Discussion: Newser
Kendra Barnett / Adweek:
Filings: Omnicom CEO John Wren received compensation of $69.9M in 2025, nearly 2x greater than the combined CEO compensation at six other ad holding companies
 Earlier Picks: 
Anu Adegbola / Search Engine Land:
Google says it is testing new ad formats in search results and AI Mode, including Conversational Discovery ads, Highlighted Answers, and AI-powered Shopping ads
 

 
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

Carl Franzen / VentureBeat:
Sakana AI launches Fugu, a multi-agent orchestration system accessible through a single model API, claiming Fugu Ultra matches Fable and Mythos on benchmarks

Jay Peters / The Verge:
Valve's Steam Machine, its new living room Linux PC, will start at $1,049 for the 512GB base model without a controller, and will go on sale starting June 29

 
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