Top News:
Gene Maddaus / Variety:
In a filing disputing state AGs' request for a temporary restraining order, Paramount argued its merger with WBD would increase theatrical motion picture output — Paramount Skydance began to lay out its legal argument Thursday against an antitrust lawsuit brought by a dozen states …
Discussion:
Deadline, Deadline, The Wrap, Cosmic Book News, TV Central, Bloomberg, @laurenmeidasa.bsky.social, eMarketer and CNN
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Todd Spangler / Variety:
A Paramount shareholder lawsuit claims David and Larry Ellison made an illegal deal with Trump in trade for approval of the WBD merger, promising to revamp CNN
A Paramount shareholder lawsuit claims David and Larry Ellison made an illegal deal with Trump in trade for approval of the WBD merger, promising to revamp CNN
Discussion:
Breitbart, @emmajeankitty.bsky.social, The Wrap, Cosmic Book News, Brendan Ballou on LinkedIn, Benzinga, Graphic Policy, New York Post, New York Post, The Ankler, Cord Cutters News, Freddie deBoer, The Hill, @andrewlevesque.bsky.social, @williamrknecht.bsky.social, Deadline, Chancery Court of the state of Delaware, @freedom.press, Los Angeles Times, @mleeds2048.bsky.social, Baller Alert, NewsMax.com, Free Press Action Fund Feed, The Hill, Media Play News, Freedom of the Press …, @leftocorangehater.bsky.social, The Wrap, @fizzvstheworld.bsky.social, Annotated DC, The Hollywood Reporter, The A.V. Club, Deadline, The A.V. Club, Bloomberg Law and r/MediaMergers
Emma Roth / The Verge:
Netflix says roughly 300 titles used generative AI this year, mostly in post-production, “to deliver higher quality output more quickly and at a lower cost” — Some titles used AI to create ‘enhanced crowds, historical battle sequences, and worldbuilding establishing shots.’
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Lillian Rizzo / CNBC:
Netflix reports Q2 revenue up 13% YoY to $12.56B, vs. $12.59B est., and says it will give fewer engagement updates starting in 2027; NFLX drops 7%+ after hours — Netflix reported second-quarter revenue and earnings that were in line with analyst estimates on Thursday as Wall Street is keeping …
Discussion:
Morningstar, Broadband TV News, Wall Street Journal, @lucas_shaw, MediaPost, Forbes, TheDesk.net, AdExchanger, B&T, The Hollywood Reporter, BMI, Business Insider, Adweek, Motley Fool, Thurrott, Los Angeles Times, @lucas_shaw, Lillian Rizzo on LinkedIn, Yahoo Finance, Cord Cutters News, Quartz, Financial Times, Benzinga, Radio & Television …, Investor's Business Daily, The Hollywood Reporter, Sweden Herald, The Wrap, Variety, Channel NewsAsia, Livemint, AdNews News, Investing.com, Proactiveinvestors UK, Vulture, Media Play News, Next in Media, Blockonomi, Netflix, Proactive, Anadolu Ajansı …, Bloomberg, The Economist and Deadline, more at Techmeme »
Ariel Zilber / New York Post:
Madison Square Garden files a defamation suit against Wired over an article alleging MSG kept a list of gay celebrities; Wired says it stands by its reporting — Wired Magazine used stolen data to falsely accuse Madison Square Garden of creepily surveilling a “list” of gay celeb fans …
Discussion:
The Wrap, USA Today, @wired, TheDesk.net, Consequence, @noahshachtman, Stereogum, @wired, @benhorney and Front Office Sports
Connor Stringer / Telegraph:
Court docs: Trump drops part of his BBC lawsuit, dismissing claims against its commercial and production arms but continuing the lawsuit against the broadcaster — President dismisses claims against broadcaster's commercial and production arms — Donald Trump has dropped part of his lawsuit against the BBC.
Discussion:
Variety, HuffPost, Deadline, The Wrap, Telecompaper and Seoul Economic Daily
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Borys Kit / The Hollywood Reporter:
Marvel Comics is moving from NYC to Burbank, CA, asks 100+ employees to relocate by July 2027, and names Stephen Wacker editor-in-chief, replacing C.B. Cebulski — The Disney-owned publisher is also getting a new editor in chief as 100 employees are being asked to relocate to Burbank by next July.
Discussion:
Forbes, Marvel, Cosmic Book News, Sandy Resnick on LinkedIn, @mford.bsky.social, Polygon.com, Gizmodo, New York Post, @nerdsherpa.bsky.social, @droog811.bsky.social, @scottedelman.bsky.social, The A.V. Club, @benzilla.bsky.social, IGN, @ethansacks.bsky.social, @jsphctrl.ft.com, @davidaja.com, Graphic Policy, The Wrap, @alejandrobot.com, @tomblargh.bsky.social, @blumjordan.bsky.social, @zackquaintance.bsky.social, @matthollingsworth.com and Comic Book
Mark Stenberg / Adweek:
Newsweek's publishing revenue is set to drop ~20% this year but it's on track for $100M in revenue due to its healthcare-focused DSP contributing 40% of revenue — The publisher is on pace to surpass $100 million in revenue, powered by ad-tech, a rankings business, and events
Sara Fischer / Axios:
Trump Media plans to launch the Truth API on August 1, providing real-time data from trending Truth Social accounts to news organizations and trading firms — Trump Media & Technology Group is launching a backend interface that will allow financial services companies to access real …
Discussion:
Wall Street Journal, Reuters, Washington Post, Bernard Sharfman on LinkedIn, Euronews, Blockonomi, Truthout, @phl43, crypto.news, @danielsgoldman, @timkellogg.me, @lawrencelepard, @samstein, @richardhanania, @amandacarpenter, @faustianwigger, @acyn, @pitdesi, @adamscochran, @jessicatarlov, The Wrap, @jiratickets, New York Times, @adamkinzinger, @peterschiff, @benpershing, Associated Press, @mr_derivatives, @senblumenthal, The Hill, @garymarcus, Quartz, @radiofreetom, @growing_daniel, @senwarren, The American Bazaar, @darrigomelanie, @allenanalysis, @andrewcurran_, @rory_johnston, @stanveuger, @david_dierking, @brendanpedersen, New Republic, Washington Examiner, Financial Times, BBC, Fast Company, @annmlipton@esq.social, @annmlipton@esq.social, @annmlipton@esq.social, Barron's Online, CBS News, @brian-noble.bsky.social, NOTUS, CNN, NewsMax.com, Bloomberg, Dow Jones Newswires, Cointelegraph, CoinGape, Wccftech, @wittywebhandle.bsky.social, CNBC, @jakelahut.bsky.social and Trump Media & …, more at Techmeme »
Foo Yun Chee / Reuters:
The EU accepts X's plan to meet DSA transparency obligations and give researchers access to data, giving X six months to implement it, following a €120M fine — The European Union, which fined Elon Musk's social media network X €120 million ($137.2 million) last year …
Discussion:
European Commission, Social Media Today, The American Bazaar, MediaPost and The New Stack
Tim Ingham / Music Business Worldwide:
Sony Music Publishing completes its acquisition of the full music rights portfolio of Recognition Music Group, backed by Singapore's sovereign wealth fund GIC — Sony Music Publishing (SMP) has completed its acquisition of the entire music rights portfolio of Recognition Music Group.
Discussion:
Billboard
Gary Baum / The Hollywood Reporter:
Peter Thiel-backed Objection, initially an AI “tribunal” assessing reporters' articles, rebrands as The Primary to rank journalists “on the rigor” of their work — Rebranded as The Primary, the service ranks media outlets and reporters.
Discussion:
@maxwelltani, @kriswernowsky.com, @raphae.li and @chrisyogerst.com
Kashmir Hill / New York Times:
An NYT reporter finds AI-generated, unauthorized biographies of herself and other journalists on Amazon, where AI-made books with elusive “authors” proliferate — Recently, I received a strange text from a new acquaintance. “You have your own biography???” it read.
