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22.02.2024 / 23:08

Reddit Discloses Finances in IPO Filing, Will Let Influential Moderators and Users Buy Shares at Offering Price

Todd Spangler NY Digital Editor Reddit, the popular internet discussion “community of communities,” filed a registration statement Thursday for its long-awaited initial public offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Reddit intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “RDDT.” In the S-1 filing with the SEC, Reddit reported 2023 revenue of $804.0 million, up 21% year over year, and a net loss of $90.8 million in 2023, compared with a $158.6 million loss the year prior.

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22.02.2024 / 19:04

More Than a Year After Launch, Netflix’s Ad Plan Still Missing Several Popular Movies and Shows

Todd Spangler NY Digital Editor Netflix says its ad-supported plan includes “the vast majority” of TV shows and movies available on the standard no-ads tiers — but more than a year after the streamer introduced the cheaper option, several popular titles remain unavailable to customers with the ad plan. Most recently, Netflix customers noticed that Eli Roth’s horror film “Thanksgiving” (pictured above), added Feb. 17 for subscribers on ad-free tiers, is unavailable on the ad plan.

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22.02.2024 / 16:00

Google Suspends AI Tool’s Image Generation of People After It Created Historical ‘Inaccuracies,’ Including Racially Diverse WWII-Era Nazi Soldiers

Todd Spangler NY Digital Editor After critics slammed Google‘s “woke” generative AI system, the company halted the ability of its Gemini tool to create images of people to fix what it acknowledged were “inaccuracies in some historical image generation depictions.” Google’s Gemini, formerly known as Bard, began offering text-to-image generative features this month. The problem appeared to be that, in trying to compensate for gender- and racial-representation bias in AI, the system was creating ahistorical images of people.

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22.02.2024 / 15:59

Paris Hilton’s 11:11 Media Hires Former Playboy Exec Rachel Webber

Todd Spangler NY Digital Editor Paris Hilton‘s 11:11 Media appointed Rachel Webber, former chief brand officer of Playboy, to the newly created role of chief commercial and brand officer. Webber reports to Bruce Gersh, 11:11 Media president and COO, who co-founded the media and consumer lifestyle company with Hilton in 2021.

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21.02.2024 / 21:19

BuzzFeed Sells Complex to Ntwrk for $108.6 Million, Will Lay Off 16% of Remaining Workforce

Todd Spangler NY Digital Editor BuzzFeed has sold Complex — the youth-culture media company it bought three years ago — and will pink-slip another 16% of BuzzFeed’s remaining staffers in a restructuring designed to get back on financial track. BuzzFeed announced Wednesday that it closed the sale of Complex to ecommerce platform Ntwrk in a $108.6 million all-cash deal.

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20.02.2024 / 22:05

Fubo Sues Disney, Fox and Warner Bros. Discovery Over Their Planned Sports Streaming Platform, Alleging It Violates Antitrust Law

Todd Spangler NY Digital Editor Fubo, which bills itself as a sports-first TV subscription streaming service, is suing Disney, Fox Corp. and Warner Bros. Discovery over the trio’s plans to launch a sports streaming bundle.

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20.02.2024 / 20:57

Kevin Hart’s Hartbeat Taps Former Warner Bros. Exec Jay Levine as CEO

Todd Spangler NY Digital Editor Kevin Hart‘s Hartbeat has appointed Jay Levine, who previously spent more than a decade at Warner Bros. and WarnerMedia, as CEO. Levine takes over the chief executive role from Thai Randolph, who exited Hartbeat last fall after seven years with the company.

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20.02.2024 / 14:15

Pinterest Debuts Its First Streaming Show With Tastemade, Featuring Lance Bass, Trixie Mattel, Joy Cho and More

Todd Spangler NY Digital Editor Pinterest is readying the launch of its first-ever streaming show, cooking and lifestyle series “Deliciously Entertaining” — aimed at whetting the appetite of users to engage with the image-sharing social platform. “Deliciously Entertaining” is one of Pinterest’s biggest original productions to date, developed and produced in partnership with media company Tastemade.

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19.02.2024 / 23:09

HBO Delays Posting ‘Last Week Tonight With John Oliver’ Clips to YouTube in Hopes of Signing Up More Max Subscribers

Todd Spangler NY Digital Editor HBO is no longer giving away free next-day looks to the popular “Last Week Tonight With John Oliver” comedy talk show. With the Season 11 premiere of the show on Feb. 18, HBO has ceased sharing the main feature and other segments from “Last Week Tonight” on the show’s YouTube channel the following day.

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17.02.2024 / 01:01

Activision Blizzard Sued by Esports Pros Seeking at Least $680 Million, Alleging Monopoly Over ‘Call of Duty’ Leagues and Tournaments

Todd Spangler NY Digital Editor Two professional esports players are demanding at least $680 million in aggregate monetary damages in a lawsuit against Microsoft’s Activision Blizzard, alleging the game company holds an “unlawful 100% monopoly” over professional leagues and tournaments for first-person shooter “Call of Duty.” Activision Blizzard has used its “unlawful monopoly power to prevent would-be competitors from entering the market, as well as to coerce the market’s other participants — in particular, professional ‘Call of Duty’ players and team owners — to acquiesce to extortionate financial terms,” the lawsuit said. The two esports players suing Activision are Hector Rodriguez (known by his “Call of Duty” handle “H3CZ”), founder of the OpTic Gaming team; and Seth Abner, known by his gamer tag “Scump.” No Call of Duty League teams are named as plaintiffs — and the lawsuit calls the other teams in the CDL “co-conspirators” in perpetuating Activision’s alleged monopoly and says “plaintiffs reserve the right to name as defendants some or all of the entities or individuals who acted as co-conspirators with Defendant in the alleged offenses.” In a statement, an Activision Blizzard rep said, “Mr.

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16.02.2024 / 00:23

Noggin Is Shutting Down After Paramount Global Laid Off Subscription Service’s Entire Staff

Todd Spangler NY Digital Editor Noggin, Nickelodeon’s interactive learning platform for preschool-age kids, is shutting down after almost 10 years, Variety has confirmed. Noggin is a casualty of Paramount Global’s companywide layoffs this week, which resulted in about 800 staffers being let go. The entire team that ran Noggin was laid off, as first reported by trade publication Kisdscreen.

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15.02.2024 / 22:41

Roku Beats Q4 Sales Estimates and Tops 80 Million Active Accounts, Stock Drops on ‘Challenging’ Media and Entertainment Outlook for 2024

Todd Spangler NY Digital Editor Roku revenue came in above Wall Street forecasts for the fourth quarter of 2023 — and it touted new milestones of more than 80 million active accounts globally as of the end of last year and more than 100 billion hours streamed in 2023. But shares of the streaming platform and connected-TV ad provider fell as Roku warned of a “challenging” environment for media and entertainment spending for the rest of 2024.

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14.02.2024 / 21:26

Brené Brown to Relaunch Podcasts With Vox Media After One-Year Hiatus Following End of Spotify Deal

Todd Spangler NY Digital Editor After more than a year away from the mic, Dr. Brené Brown is bringing back her two podcasts — “Unlocking Us” and “Dare to Lead” — under a new partnership with Vox Media. Brown, a renowned researcher, author and speaker whose work explores emotional facets of the human experience, on Wednesday announced a deal to bring her shows to the Vox Media Podcast Network.

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14.02.2024 / 16:48

Amazon Sued Over Prime Video Ads: Class-Action Complaint Accuses Tech Giant of ‘Immoral, Unethical, Oppressive, Unscrupulous’ Conduct

Todd Spangler NY Digital Editor At least one Amazon Prime member is furious over the ecommerce company’s move to start playing ads in Prime Video programming — unless customers pay an extra monthly fee. A lawsuit seeking class-action status accused Amazon of false advertising and deceptive practices because Prime Video now serves commercials by default. “For years, people purchased and renewed their Amazon Prime subscriptions believing that they would include ad-free streaming,” the lawsuit says.

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14.02.2024 / 14:58

Mandy Moore Stars as Nashville Music Influencer Sue Brewer in Audible Scripted Podcast Series (EXCLUSIVE)

Todd Spangler NY Digital Editor Mandy Moore stars in a new Audible podcast series as Sue Brewer, the unsung hero of the outlaw country music movement whose home became the epicenter of the scene in 1960s Nashville. Moore — singer, songwriter, producer and actor (“This Is Us”) — leads the cast of “The Boar’s Nest: Sue Brewer and the Birth of Outlaw Country Music,” a scripted podcast from Fresh Produce Media for Audible.

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13.02.2024 / 22:19

Disneyland Workers Seeking to Form Union for 1,700 Character Performers With Actors’ Equity

Todd Spangler NY Digital Editor Mickey Mouse, kickin’ ass for the working class? Employees who work in Disneyland’s Characters and Parades departments announced they are unionizing with Actors’ Equity Association. Actors’ Equity represents some 51,000 professional actors and stage managers on Broadway and in live theatre across the U.S.

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13.02.2024 / 17:55

Meghan, Duchess of Sussex, Finds New Podcast Partner in Lemonada After End of Spotify Pact

Todd Spangler NY Digital Editor Meghan Markle is back in the podcast game — with a new partner. Meghan, the Duchess of Sussex, inked a partnership with podcast network Lemonada Media. That comes after Spotify‘s exclusive podcast deal with Prince Harry and Meghan’s Archewell Productions ended in mid-2023 with the couple having had delivered just one show — the Markle-hosted interview series “Archetypes” — under the agreement.

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12.02.2024 / 17:59

SiriusXM to Lay Off 160 Employees, About 3% of Workforce

Todd Spangler NY Digital Editor SiriusXM is eliminating about 160 jobs, a move to cut expenses that represents a layoff affecting just under 3% of the satellite radio and audio streamer’s workforce. Jennifer Witz, CEO of SiriusXM, announced the layoffs in a memo to staff Monday.

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12.02.2024 / 15:15

Most-Watched Super Bowl 2024 Ads: Tina Fey, Bradley Cooper, Arnold Schwarzenegger, Mr. T and Scientology Land in YouTube’s Top 10

Todd Spangler NY Digital Editor At the 2024 Super Bowl, Taylor Swift, Beyoncé and Usher soaked up the limelight as the Kansas City Chiefs became back-to-back champions with their overtime defeat of the San Francisco 49ers. And of course, the Super Bowl was again a venue for dozens of advertisers — who spent up to $7 million for a 30-second spot in CBS’s telecast — to try to break through on the noisiest night on TV.

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10.02.2024 / 13:37

Uber Eats to Delete Super Bowl Ad’s Peanut-Allergy Bit After Angry Backlash

Todd Spangler NY Digital Editor This Super Bowl Sunday, don’t forget Uber Eats — but also, as the food-delivery service has learned, don’t forget that trying to make fun of a life-threatening allergy is bad PR. Uber Eats, a division of the ride-sharing company, on Feb. 6 debuted its 60-second 2024 Super Bowl commercial, centered on the running joke of forgetfulness.