Top News:
Variety:
Amazon MGM Studios drops Luca Guadagnino's mostly finished movie on Sam Altman; Amazon struck a major deal with OpenAI in February, including a $50B investment — The film, starring Andrew Garfield as the controversial OpenAI CEO, will be shopped to other studios.
Discussion:
Deadline, The Next Web, Puck, Digital Trends, Screen, Queerty, crypto.news, CoinGape, Newser, The Decoder, TMZ.com, Washington Times, Gizmodo, Comic Book, The Guardian, The Verge, Business Insider, Kotaku, The Wrap, @karlbode.com, @mattgoldberg.bsky.social, ScreenRant, @alexpagliuca.bsky.social, The Information, Decrypt, World of Reel, Rolling Stone, Consequence and The Hollywood Reporter, more at Techmeme »
Andrew Cohen / InvestmentNews:
Robinhood plans to shutter the Sherwood News site in favor of newsletters and the Robinhood app; at least three reporters were cut in company layoffs this week — The fintech giant shifts its media strategy despite reporting record trading volumes this month amid its 10% staff reduction.
Discussion:
Wall Street Journal, Simon Owens's Media Newsletter, @dollydeighton, @simonowens, @ranimolla, citybiz and Talking Biz News
Erik Hayden / The Hollywood Reporter:
A report by LA officials estimates that the Paramount-WBD deal places about 2.5K jobs in LA and 6K jobs globally at risk due to duplicative roles — A new estimate by local officials who are in the process of assessing the impact of David Ellison's $111 billion merger places 2,500 jobs …
Discussion:
Deadline, The Wrap, Media Play News and r/MediaMergers
Hugo Lowell / Wired:
New book: Bezos told Trump that WaPo had been one of his worst investments and “the people there are terrible”; Trump told associates Bezos was “kissing my ass” — “You would not believe the texts I got from these tech guys,” NYT reporters Maggie Haberman …
Discussion:
CNN, HuffPost, Gizmodo, New York Times, Spyglass, The Guardian, The Next Web, Inc.com, @davidrlurie.com, @radleybalko.bsky.social, @happysnarkygal.bsky.social, @rauchway.bsky.social, Townhall, @jswatz.bsky.social, Implicator.ai, Newser, @jamiegangel, @plaintanjane.bsky.social, @ericjgeller.com, @eliasisquith.blog, New York Magazine, @wajali.bsky.social, Mediaite, Breitbart, Legal Insurrection, @galacticstone@mastodon.social, @adamserwer.bsky.social, Raw Story, @katie-drummond.bsky.social, @wired.com, @researchbuzz@researchbuzz …, @hugolowell.bsky.social, The Post Millennial, @rbreich.bsky.social, @timmarchman.bsky.social, The Daily Caller, The Gateway Pundit, RADAR, Gizmodo, New York Post and Fox News
Jazz Tangcay / Variety:
How Netflix cultivated the KPop Demon Hunters fandom with brand tie-ins across gaming, fast-food, and more to keep the film a blockbuster for an entire year — June 20 marks the one-year anniversary of Netflix's “KPop Demon Hunters” release. — Since then, the animated feature …
Discussion:
How-To Geek, Washington Times, Gizmodo, The Hollywood Reporter, Forbes, Bizcommunity, ScreenRant, Deadline, UPI, Animation Magazine, Cartoon Brew and Collider
Laura Hazard Owen / Nieman Lab:
Local Journalist Index 2026: US states with a lower concentration of local journalists have higher rates of loneliness, even after considering rural populations — The 2026 Local Journalist Index, this week by Muck Rack and the Rebuild Local News Coalition, contains a fair bit of bad news …
Discussion:
@researchbuzz.bsky.social and @tongli.bsky.social
Elsa Keslassy / Variety:
Netflix subscribers in France can now access TF1 broadcasts and TF1+ on-demand content within Netflix at no extra cost; TF1 handles ad sales and programming — A year after sending shockwaves through the television industry with news of their unexpected alliance, France's TF1 Group and Netflix …
Financial Times:
Source: DAZN is restructuring its business with a new holding company to make it easier to raise money and explore a potential public listing — Lossmaking sports streamer restructures business to make it easier to raise new money — DAZN, the lossmaking sports streamer owned …
Discussion:
Sports Business Journal and Barrett Media
Patrick Brzeski / The Hollywood Reporter:
At a conference, an Amazon Prime Video exec says Prime Video works with 600+ content partners, including 70+ in Japan, 50+ in Australia, and 30+ in India — At Asia's leading media conference, held this week in Bali, Amazon regional entertainment leaders touted its radical localization strategies …
Discussion:
Deadline, Fortune India and MediaNews4U
Owen Long / Wired:
A look at Fishtank, a live, unedited, and violent Big Brother-like show where contestants are locked in a house and viewers can pay to interact with the cast — It's like Big Brother without any limits, or broadcast standards. WIRED goes on location—and on camera—with the cult hit.
Katie Robertson / New York Times:
NOTUS says it has “amicably resolved” The Washington Star's lawsuit over NOTUS' planned rebrand as The Star and it is working toward a new name — The publication is abandoning a planned rebranding after resolving a trademark dispute with the new publisher of The Washington Star.
Discussion:
Newser, @leahlibresco, Washington Post, @councilofdc, @barredindc, @kirk_bado, @katie_robertson, City Cast DC and Bloomberg Law
Erik Hayden / The Hollywood Reporter:
Vox Media sells The Verge, SB Nation, Thrillist, The Dodo, and more to Penske; Vox's Ryan Pauley will join Penske as president of PMX, the new media brands unit — The deal formally winds down an era at Vox Media, which had sold its namesake site and podcast assets as well as New York magazine to James Murdoch.
Discussion:
Variety, Adweek, Music Ally, Rolling Stone, @tvgrimreaper, @markstenberg3, @parkerortolani, The Business of Fashion, AdExchanger, The Information, Yahoo Entertainment, Vox Media, @samitsarkar.bsky.social, Barrett Media, WWD, @dinfontay.com, New York Times, Awful Announcing, Yahoo Finance, @lopatto.bsky.social, Talking Biz News, @harrymccracken.com, Sportico, Deadline, IndieWire, The Wrap, @parkerortolani.com, @jetjocko.bsky.social, Gold Derby and Sports Business Journal
