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24.04.2024 / 02:55

Senate Passes TikTok Ban Bill, Setting Up Legal Battle Between App and U.S. on First Amendment Issues

Todd Spangler NY Digital Editor The U.S. Senate voted Tuesday to approve a bill that would ban TikTok nationwide unless Chinese parent company ByteDance sells its stake in the popular app. The development will likely result in a court battle between the U.S.

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23.04.2024 / 11:45

Spotify Q1 Results: User Growth Slows, Streamer Swings to Profit as It Hits 239 Million Premium Subscribers

Todd Spangler NY Digital Editor Spotify reeled in fewer new users overall than it expected in the first quarter of 2024, but the audio-streaming giant touted “record strength” in profitability. Total monthly active users (free and paid) grew 19% year over year to 615 million, a gain of 13 million from the previous quarter — which missed its guidance by 3 million. Spotify said “moderated marketing activity” led to “more normalized growth” following 2023’s record performance (when it added 26 million new MAUs in Q1).

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23.04.2024 / 09:00

TikTok Plans Lawsuit to Block U.S.’s Divest-or-Ban Legislation If It Becomes Law

Todd Spangler NY Digital Editor A bill that would ban TikTok — unless its Chinese parent company, ByteDance, divests its ownership stake — could soon become a U.S. law. TikTok is gearing up a legal fight against the measure if that happens, with plans to challenge it in court on First Amendment grounds.

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20.04.2024 / 07:48

Netflix Rattles Investors by Ending Subscriber Disclosures — but Apple’s Similar Strategy in 2018 With iPhones Was a Big Success

Todd Spangler NY Digital Editor Netflix made a surprise announcement in reporting its (very good) first-quarter 2024 results this week: The streaming TV powerhouse will stop reporting quarterly subscriber figures starting in 2025. In response, Netflix shares have taken a hit: The stock is down 8.7% Friday on the news, as investors fret that the lack of visibility into the streamer’s customer numbers signals a looming slowdown in the company’s growth.

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20.04.2024 / 03:50

Chicken Soup for the Soul Entertainment Sued Over Redbox Acquisition by Consultant Who Claims He’s Owed Several Million Dollars

Todd Spangler NY Digital Editor A media consultant sued Chicken Soup for the Soul Entertainment, alleging he is owed “at least several million dollars” for work he did related to the company’s $370 million acquisition in 2022 of Redbox, the DVD kiosk and streaming company. Keith Knee, described in his legal complaint as an advisory and consulting services professional in the media industry, filed suit against Chicken Soup for the Soul Entertainment on Friday, April 19, in the U.S. District Court for the Southern District of New York.

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18.04.2024 / 21:39

Netflix Will Stop Reporting Subscriber Numbers Starting in 2025

Todd Spangler NY Digital Editor Netflix will no longer report subscriber numbers — which has been a key metric for streaming services for years — beginning with the first quarter of 2025. The company made the announcement in releasing its first-quarter 2024 earnings Thursday. Netflix handily topped expectations for subscribers net adds, gaining 9.33 million in the period, to reach nearly 270 million globally.

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18.04.2024 / 21:39

Netflix’s Ted Sarandos 2023 Pay Dips Slightly to $49.8 Million, Co-CEO Greg Peters Compensation Tops $40 Million

Todd Spangler NY Digital Editor Netflix co-CEO Ted Sarandos earned a bit less in 2023 than the year before — but he still had pay package worth $49.8 million. That was down from $50.3 million for Sarandos in 2022, according to Netflix’s proxy statement filed Thursday.

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18.04.2024 / 14:25

Odds of U.S. TikTok Ban Increase After House Fast-Tracks Revised Bill, Picking Up Key Senate Support

Todd Spangler NY Digital Editor U.S. lawmakers have moved closer to enacting a countrywide ban on TikTok. Last month, the House of Representatives passed a bill by a wide margin that would ban distribution of TikTok in U.S.

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17.04.2024 / 16:07

TikTok Will Block Users From For You Feed If They Repeatedly Post ‘Problematic’ Content, Such as Sexually Suggestive, ‘Extreme Fitness’ or Sadness Videos

Todd Spangler NY Digital Editor TikTok says it’s going to block accounts from appearing in its algorithmically generated For You feed if they repeatedly post content that runs afoul of its updated eligibility standards. As part of a larger update to its community guidelines, TikTok is updating its For You eligibility standards.

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17.04.2024 / 14:33

Nordic Streamer Viaplay Launches on Amazon’s Prime Video Channels in U.S., Following Shutdown of Its Own Service

Todd Spangler NY Digital Editor Viaplay‘s streaming service — specializing in award-winning Scandinavian series and films — is now available as an add-on subscription on Amazon‘s Prime Video Channels in the United States. Starting Wednesday, Prime members in the U.S.

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17.04.2024 / 13:13

Netflix Q1 Preview: Analysts Expect Strong Showing From ‘Undisputed Leader in Streaming TV’

Todd Spangler NY Digital Editor Wall Street is betting that Netflix‘s stream machine continued to fire on all cylinders coming into 2024. After netting a whopping 13.1 million new subs in Q4, Netflix is riding a wave of momentum that continues to be buoyed by the paid-sharing strategy, as it converts password borrowers into paying members, according to analysts.

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16.04.2024 / 17:55

Former Spotify Exec Max Cutler Launches Creator-Focused Media Company Pave Studios

Todd Spangler NY Digital Editor Max Cutler sold Parcast Studios, his scripted-audio entertainment start-up, to Spotify in 2019 under a deal in which Spotify ultimately paid nearly $90 million. Cutler went on to become Spotify’s VP, head of talk creator content and partnerships — inking exclusive licensing deals with podcasters including Alex Cooper, Emma Chamberlain and Markiplier, and managing the company’s partnership with “The Joe Rogan Experience” — before exiting last year. Now Cutler is back in the game with the launch of Pave Studios.

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16.04.2024 / 15:17

Warner Bros. Discovery Hires Canoe Ventures CEO David Porter as Head of Ad Sales Research

Todd Spangler NY Digital Editor David Porter, an ad industry veteran and former Turner exec, is joining Warner Bros. Discovery as head of ad sales research, data and insights. Porter reports to Jon Steinlauf, Warner Bros.

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16.04.2024 / 13:11

TikTok Teams With AXS to Let Artists, Venues and Festivals Sell Concert Tickets in the App

Todd Spangler NY Digital Editor TikTok inked a partnership with ticketing provider AXS to let users of the popular video app discover and buy tickets to live events. The feature is going live initially in the U.S., U.K., Sweden and Australia, with additional markets to follow at an undetermined date. Now, any certified artist on TikTok can use the in-app ticketing feature to promote their AXS live dates, according to the company.

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15.04.2024 / 22:21

Comcast Names Former Hallmark Media CEO Wonya Lucas to Board

Todd Spangler NY Digital Editor Wonya Lucas, former president and CEO of Hallmark Media Networks, has joined Comcast‘s board as an independent director. Comcast announced Lucas’s addition to the board, effective as of April 15, in an SEC filing Monday. She has not yet been appointed to serve as a member of any board committee, according to the filing.

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15.04.2024 / 19:43

TikTok Star Sarah Lugor, aka Shreksdumpster, Signs With CAA (EXCLUSIVE)

Todd Spangler NY Digital Editor CAA has signed Sarah Lugor, the multihyphenate content creator, model, host, fashion influencer and musician who posts on TikTok under the handle “@shreksdumpster,” for representation. Lugor, 23, is known for her comedic videos and fashion sense. She has built a following of more than 3 million followers across platforms — including 2.5 million on TikTok — helping her gain recognition as an LGBTQ TikTok trailblazer and landing her features in Vogue and the Huffington Post.

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15.04.2024 / 18:15

DoubleVerify Apologizes for Misreporting X/Twitter’s Brand-Safety Rates for More Than Four Months

Todd Spangler NY Digital Editor DoubleVerify, which provides brand-safety measurement ratings for digital platforms to major advertisers, incorrectly displayed X‘s Brand Safety Rate — a measure of how frequently ads appeared adjacent to content that met advertiser-approved criteria — on the DoubleVerify dashboard for nearly five months. From Oct. 24, 2023, to March 14, 2024, DoubleVerify’s dashboard provided the wrong data for X to advertisers.

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15.04.2024 / 14:45

Daily Beast to Be Led by Ex-Disney ABC TV Chief Ben Sherwood, Former Hearst Content Boss Joanna Coles in Deal With IAC

Todd Spangler NY Digital Editor Ben Sherwood and Joanna Coles inked a deal to lead IAC’s The Daily Beast, under which the media veterans have been granted a minority stake in the news and opinion site. Effective immediately, Sherwood — one-time president of the Disney ABC Television Group — will serve as The Daily Beast’s publisher and CEO. Coles, previously Hearst Magazines’ chief content officer, is the site’s chief creative and content officer.

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15.04.2024 / 14:45

Creator-Platform Company Spotter Hires Adobe and Microsoft Alum Ivo Manolov as CTO

Todd Spangler NY Digital Editor Spotter, which provides capital, services and software aimed at helping creators and brands grow their online businesses, hired former Adobe Systems and Microsoft exec Ivo Manolov as chief technology officer. In the CTO role, Manolov will be responsible for leading all technology with a focus on launching Spotter’s suite of AI-powered software tailored to YouTubers.

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12.04.2024 / 14:43

Roku Says 576,000 Streaming Accounts Compromised in Security Breach

Todd Spangler NY Digital Editor Following a hack that exposed more than 15,000 Roku accounts last month, the company said Friday it discovered a second security incident that affected 576,000 additional user accounts. Roku said it reset the passwords for all affected accounts and are notifying those customers directly about the latest incident.

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11.04.2024 / 22:19

Four Paramount Global Board Members to Exit Amid M&A Talks

Todd Spangler NY Digital Editor Four members of Paramount Global‘s current 11 board of directors will step down, the company disclosed, coming as the company has stepped up talks with Skydance Media about an M&A deal. The four directors — Dawn Ostroff, former chief content and advertising business officer of Spotify; Nicole Seligman, former president of Sony Entertainment; Frederick Terrell, vice chairman of investment banking at Wells Fargo; and Rob Klieger, partner at Hueston Hennigan LLP, who had served as legal counsel to Sumner Redstone — will not stand for reelection at Paramount Global’s annual meeting, set for June 4.

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11.04.2024 / 19:09

Showtime Streaming Service Is Shutting Down at the End of April

Todd Spangler NY Digital Editor After nearly nine years, Showtime‘s streaming apps are fading to black. The Showtime standalone service will be shut down on April 30, according to notices sent to subscribers. The end of Showtime’s streaming apps comes just less than a year after parent company Paramount Global integrated Showtime’s programming into the top-tier Paramount+ plan.

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11.04.2024 / 15:09

Instagram to Blur Out Nude Images Sent to Teens in DMs

Todd Spangler NY Digital Editor Meta, which has faced ongoing political pressure amid criticism that its apps don’t take enough measures to ensure the safety of children, announced new steps it’s taking to protect users from “sextortion” and “other forms of intimate image abuse.” Among the new measures: Instagram is introducing a new nudity-protection feature in direct messages, which blurs images detected as containing nudity and will prompt users “to think twice before sending nude images.” On Instagram, nudity protection will be turned on by default for teens under 18 globally, and the app will also show a notification to adults encouraging them to turn it on. According to Meta, the feature is designed to not only protect people from seeing unwanted nudity in their DMs but also to protect them from scammers who may send nude images to trick people into sending their own images in return.

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10.04.2024 / 15:51

YouTube Adds Warning to ‘Joker 2’ Trailer: ‘May Contain Suicide or Self-Harm Topics’

Todd Spangler NY Digital Editor YouTube is advising viewer discretion with the newly dropped trailer for Warner Bros.’ “Joker: Folie à Deux” — warning users that it “may contain suicide or self-harm topics.” As of Wednesday morning, a new message appeared before the trailer is playable on YouTube: “The following content may contain suicide or self-harm topics. Viewer discretion is advised.” Before they can watch the “Joker 2” trailer, users must click on a button that says, “I understand and wish to proceed.” The warning label did not initially appear on the trailer when it was released Tuesday evening.

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09.04.2024 / 21:31

Disney Releases Official Vote Tallies from 2024 Shareholders Meeting, Showing 9 of Its 12 Board Candidates Each Received More Than 90% Shares Cast in Their Favor

Todd Spangler NY Digital Editor Disney released the official vote counts from its 2024 meeting of shareholders held April 3 — in which investors decisively defeated a campaign by activist investor Nelson Peltz to win a seat on its board. According to the votes disclosed in an SEC filing Tuesday, nine of the Disney-backed director candidates received more than 90% of the shares voted in their favor.

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09.04.2024 / 17:03

‘Star Wars Outlaws’ Launch Date Set, Trailer Released

Todd Spangler NY Digital Editor Ubisoft, in collaboration with Lucasfilm Games, announced the launch date for “Star Wars Outlaws” — the first open-world Star Wars game — and released the official trailer as well as new details for the much-anticipated title. “Star Wars Outlaws” will launch Aug. 30 on Xbox Series X|S consoles, PlayStation 5, Amazon Luna and PC through Ubisoft Connect, at a suggested retail price of $69.99 for the base game.

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08.04.2024 / 17:59

Disney Games Hires Former Blizzard Exec Ray Gresko to Work With Epic, Promotes Marvel’s Jay Ong to Oversee Global Games Licensing

Todd Spangler NY Digital Editor Disney‘s games group has bulked up executive ranks with new hires and promotions after the announcement of its $1.5 billion investment in Epic Games and partnership to create a virtual world featuring the Mouse House’s brands and characters. Ray Gresko, formerly chief development officer at Blizzard Entertainment (who left prior to its the Microsoft acquisition of Activision Blizzard), joins the Disney Games team as senior VP, product and development.

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08.04.2024 / 17:21

Spotify Launches Test of AI-Generated Playlists Based on Text Prompts Like ‘Sad Music for Painting Dying Flowers,’ Will Block ‘Offensive’ Inputs

Todd Spangler NY Digital Editor Spotify already has numerous ways for listeners to find music to listen to on its platform. Now it’s adding a new AI tool that can automatically compile a playlist based on user-entered text strings. The company has launched a beta version of a feature it calls AI Playlist, available first to Spotify Premium subscribers in the U.K.

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08.04.2024 / 13:15

Vince McMahon, After Quitting TKO Board, Is Selling $311 Million in Stock Back to Company and Endeavor

Todd Spangler NY Digital Editor Vince McMahon continues to cash out of his stock in TKO Group Holdings, the company formed by the merger of WWE and UFC that is majority-owned by Endeavor. McMahon, the founder of WWE, resigned from the board of TKO Group in January 2024 in the wake of sexual assault and sex trafficking allegations against him by a former employee as detailed in a lawsuit. McMahon has strongly denied the allegations.

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05.04.2024 / 19:39

Meta Seeks Dismissal of FTC’s Antitrust Lawsuit Over Instagram, WhatsApp Deals, Claiming It ‘Faces Fierce Competition From a Range of Platforms’

Todd Spangler NY Digital Editor Meta filed a motion Friday requesting the dismissal of the Federal Trade Commission’s antitrust lawsuit against the social media company — arguing the agency still hasn’t provided any basis for its litigation, which could potentially force Meta to divest Instagram and WhatsApp. In December 2020, the FTC and more than 40 state attorneys general sued the company (then called Facebook), alleging it illegally acquired competitors Instagram and WhatsApp in an abuse of its monopoly power.

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05.04.2024 / 14:35

Amazon Prime Video Extends WNBA Exclusive Streaming Pact for Two More Years

Todd Spangler NY Digital Editor Women’s pro hoops are coming back to Amazon‘s Prime Video for at least two more years. Prime Video and the WNBA on Friday announced a rights renewal deal under which Prime Video will continue to be the exclusive U.S. streaming partner for a package of 21 games each season, including the Championship Game of the WNBA Commissioner’s Cup.

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05.04.2024 / 12:11

Disney Password-Sharing Crackdown for Disney+, Hulu, ESPN+ Accounts Will Begin in June

Todd Spangler NY Digital Editor Some subscribers to Disney‘s streaming services will start seeing some new messaging up this summer: Pay up for anyone outside your main household who’s illicitly piggybacking on the services — or face potentially getting disconnected. According to Disney chief Bob Iger, the Mouse House this June will “be launching our first real foray into password sharing” enforcement.

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04.04.2024 / 21:27

Nelson Peltz Warns He’ll Be Back If Disney Fails to Keep Its ‘Promises,’ Suggests His Firm Has Made About $1 Billion on Its Investment in the Company

Todd Spangler NY Digital Editor Trian Partners founder Nelson Peltz has accepted defeat — for now. Peltz, a day after the activist investor lost a costly proxy battle with Disney, went on CNBC’s “Squawk on the Street,” Thursday to discuss what happened. “The shareholders have voted.