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Mediagazer · last updated

Mediagazer: TuneIn partners with Discord, bringing TuneIn's full free live radio and podcast library to Discord's Activity app directory (Lauren Forristal/TechCrunch)

Top News:

Axios:

The WSJ introduced a multimillion-dollar brand advertising campaign on June 3, its first major brand campaign in years, focused on broadening subscriber appeal— - This is the Journal's first major brand campaign in years. … - The campaign tagline, “It's Your Business,” is meant to …
Discussion:

Bron Maher /
Press Gazette: Guardian CEO Bateson ready to ‘do a deal’ with AI companies ‘on the right terms’

Chris Roush /
Talking Biz News: WSJ starts multi-million dollar ad campaign

Eric Newcomer /
@ericnewcomer: @Kantrowitz i presume billboards are to get new readers @pressgazette: The Wall Street Journal is launching a major multi-million brand advertising campaign amid changes and layoffs in the newsroom. It's focused on broadening subscriber appeal to a wider set of professionals with the tagline “It's Your Business” https://www.axios.com/...

Samuel Scott /
@samueljscott: @sarafischer ... It always seems that the solution is every business problem is “More growth!” — even if that means diluting a strong brand with high pricing power to appeal to more people.

John Podhoretz /
@jpodhoretz: Yeah. Terrible to try and get customers rather than continue to employ third-rate hacks.

Sara Fischer /
@sarafischer: NEW: @WSJ plans multi-million brand campaign amid newsroom changes — The campaign focuses on broadening the Journal's subscriber appeal to a wider set of business professionals, not just a small subset of finance investors or C-suite executives More on @axios

Alex Kantrowitz /
@kantrowitz: WSJ has been doing rolling layoffs of journalists this year and now is doing a multi-million dollar brand campaign including billboards, TikTok and “high impact digital signs.” C'mon. https://www.axios.com/... [image] @bobbybigwheel: Ask a political operative what they would do if a candidate told them they wanted to lay off staff so they could pay for more billboards @stevenjduffield: In other words, they're looking to dumb it down with trendy topics, not the subjects that cause people to subscribe to the WSJ. Less serious news; more opinion disguised as news. [image]

Matt Rosoff /
@mattrosoff: Huh. Hard to think of a business brand that has wider appeal and recognition.

Forbes:

Sources: TikTok accounts, including brands and celebrities like CNN and Paris Hilton, are getting hacked via a zero-day exploit that only requires opening a DM— The compromised accounts include CNN and Paris Hilton — and all users have to do to be hacked is open a DM, according to company sources.

Discussion:
TechCrunch, BGR, @ebakerwhite and Tubefilter, more at Techmeme »

Discussion:

Sarah Perez /
TechCrunch: AI apocalypse? ChatGPT, Claude and Perplexity all went down at the same time

Jacob Siegal /
BGR: TikTok warning: Your account can be hacked just by opening a DM

Emily Baker-White /
@ebakerwhite: Update: we've learned that an official Sony account has also been affected. https://www.forbes.com/...

James Hale /
Tubefilter: Trump gets on TikTok

CNBC:

Paramount leadership presents a plan that includes job cuts, a potential streaming JV, and divesting non-core assets if a sale of the company doesn't happen— The current leadership of Paramount Global presented a go-forward plan at the company's annual shareholder meeting Tuesday in the event a sale of the company doesn't happen.

Discussion:
IndieWire, Los Angeles Times, The Hollywood Reporter, The Information, Axios, @allie_canal, Reuters, @sherman4949, Fast Company and New York Post

Discussion:

Etan Vlessing /
The Hollywood Reporter: Paramount Leaders Unveil “Shared Vision” Amid Takeover Offer

Sahil Patel /
The Information: Paramount Leaders Outline Plan to Cut Costs, Explore Streaming Joint Ventures

Sara Fischer /
Axios: Paramount mulls streaming JV, job cuts as merger talks loom

Alexandra Canal /
@allie_canal: Shari Redstone says she recognizes the CEO office is not traditional but is “confident” that the structure will enable the execs “to move quickly to implement best practices throughout the company”

Alexandra Canal /
@allie_canal: The CEO office did not comment on deal speculation but did announce $500M in cost savings: - Prepared to move ‘quickly’ on cost reductions - Targeting real estate, marketing, technology & other corp. categories - ‘Just the beginning’ of cost reductions

Dawn Chmielewski /
Reuters: Paramount Global's co-CEOs to lay out strategy for shareholders

Alex Sherman /
@sherman4949: Paramount Global's current leadership will unveil three strategic pillars: *Explore a JV with Paramount+ *Cut $500m in costs including job cuts *Divest non-core assets All done with attention on returning company to investment grade rating

Chris Morris /
Fast Company: After months of talks, Paramount and Skydance have reportedly agreed to a merger

Variety:

WBD increases the price for Max's ad-free version from $15.99 to $16.99 per month and the Ultimate ad-free tier from $19.99 to $20.99 per month— Warner Bros. Discovery has increased the price for its ad-free versions of streamer Max just ahead of HBO's “House of the Dragon” Season 2 premiere on June 16.

Discussion:
Los Angeles Times, The Verge, The Streamable, IndieWire, The Wrap, TVLine, The Hollywood Reporter, Engadget, @sarafischer, The A.V. Club, ComingSoon.net, Deadline, Next TV, @jbflint, BGR, Media Play News, @tvgrimreaper, @variety, Digital Trends and CNN

Discussion:

Christi Carras /
Los Angeles Times: Warner Bros. Discovery is raising Max prices. Here's how much it'll cost you

Emma Roth /
The Verge: Max raises prices across its ad-free plans

David Satin /
The Streamable: Canceling Max Because of Newest Price Hike? Which Cheaper Streamers Should You Replace It With?

Samantha Bergeson /
IndieWire: The Max Price Increase Is Here, Just in Time for ‘House of the Dragon’ Season 2

Lucas Manfredi /
The Wrap: Max Hikes Prices on Ad-Free Tiers

Ryan Schwartz /
TVLine: Max Is Raising Prices, Effective Immediately — How Much It'll Cost to Stream Without Ads

Etan Vlessing /
The Hollywood Reporter: Max Raises Price for Ad-Free Subscriber Tier

Lawrence Bonk /
Engadget: Max just raised subscription prices again

Sara Fischer /
@sarafischer: 🤑 Summer stream-flation https://www.axios.com/... #axiosmediatrends [image]

Brandon Schreur /
ComingSoon.net: Max Price Increase Announced for Ad-Free Tiers

Denise Petski /
Deadline: Max Hikes Prices For Ad-Free Plans Effective Immediately

Joe Flint /
@jbflint: Stating the obvious but goal here is to get more subscribers to drop ad-free and sign up for lower price commercial version of platform. Me, I'll pay the extra $1.

Erik Gruenwedel /
Media Play News: Max Streaming Service Raising Subscription Prices @variety: Existing subscribers will be notified 30 days in advance of their plan renewing and see price increases starting from their next billing cycle on or after July 4. The ad-supported price remains the same at $9.99/month or $99.99/year. https://variety.com/...

Phil Nickinson /
Digital Trends: The ad-free options for Max are getting more expensive

Jordan Valinsky /
CNN: Spotify is hiking its prices again

The Daily Beast:

In a company-wide email, G/O Media CEO Jim Spanfeller announces the sale of Gizmodo to European digital media company Keleops— ANOTHER ONE — The sale will keep the tech website's entire staff intact, G/O Media CEO Jim Spanfeller wrote in a company-wide memo obtained by The Daily Beast.

Discussion:
Adweek, @pkafka, @jaycodon, @tomgara, @danackerman, @asilbwrites and @justinbaragona

Discussion:

Mark Stenberg /
Adweek: Gizmodo Acquired by French Media Firm Keleops

Peter Kafka /
@pkafka: G/0 CEO Jim Spanfeller says new owner promises to “keep Gizmodo's entire staff intact”. Remaining G/O sites: The Root, Quartz, Kotaku and Jalopnik.

Jacob Donnelly /
@jaycodon: Jalopnik, Kotaku, Quartz, The Root, and The Inventory are all that remain at G/O Media.

Tom Gara /
@tomgara: All the prestigey newsrooms run by Brit editors, Axel Springer striding the digital landscape like a colossus, French guys buying Gizmodo - who has the courage to write the take we all need: the Europeans are simply better at news media, they posess a certain je ne sais quoi

Dan Ackerman /
@danackerman: As a former Editor-in-Chief of Gizmodo, despite the unknowns, this can't be anything but a positive for the amazing Giz staff. But now with the “G” and and the “O” of G/O Media gone, what will that company call itself?

Amanda Silberling /
@asilbwrites: was the O for onion, and if so, does that mean G/O Media is just / Media

Dow Jones Newswires:

Canada's broadcast regulator orders foreign streaming services with C$25M+ in sales to contribute 5% of Canadian sales to help fund local content from Sept. 1— OTTAWA—Canada's broadcast regulator on Tuesday said foreign streaming services like Netflix, Disney+, Spotify and Amazon Prime Video …

Discussion:
Reuters, CBC News, @jackshafer and Media Play News

Discussion:

David Ljunggren /
Reuters: Canada says online streaming services must hand over 5% of their domestic revenues

Jack Shafer /
@jackshafer: “Audio streaming services operate on thin margins and 5% of revenue will have a major impact that will result in either exiting the market or sharp increases to consumer prices,” said Michael Geist, an internet-law professor at the University of Ottawa.

New York Magazine:

US prosecutors charge The Epoch Times' CFO Bill Guan with conspiracy to commit money laundering for allegedly moving at least $67M in illegally obtained funds— One of the strangest stories in media over the past decade is the Epoch Times, a formerly free newspaper distributed on the streets …

Discussion:
US Department of Justice, New York Post, The Guardian, @daveweigel, New York Times, @brandyzadrozny, @will_bunch, @semaforben, @justinbaragona, Al Jazeera, @jaredlholt, @brandyzadrozny, @daveweigel, @emilybell, @scottnover, @annamerlan, @bryson_m, Associated Press, @trueanonpod, @davidgerard, NPR, Rolling Stone, Business Insider, Courthouse News Service, @howelloneill@infosec.exchange, @jbillinson@threads.net, The Daily Beast, @kurtsh@mastodon.social, Mediaite and @nickheer@c.im

Discussion:
US Department of Justice: Chief Financial Officer Of Multinational Media Company Charged With Participating In Scheme To Launder At Least $67 Million In Fraud Proceeds

Ariel Zilber /
New York Post: Epoch Times CFO charged over $67M money laundering scheme that boosted newspaper's revenue by 400% in a year

Richard Luscombe /
The Guardian: DoJ accuses far-right Epoch Times of being money-laundering operation

David Weigel /
@daveweigel: Epoch Times was reporting no winner in the presidential race well into December 2020 - there were “dueling” electors, you see. This is from 12/21/20, after the Electoral College vote. [image]

Brandy Zadrozny /
@brandyzadrozny: @annamerlan A joke in our newsroom was that Epoch Times alone had figured out how to make money in journalism and boy was that right.

Brandy Zadrozny /
@brandyzadrozny: @semaforben Seems like the money laundering would be to support the Falun Gong media empire which Epoch Times was 1/3 of and historically made the least money. Stealing worldly bread to save the spiritually hungry?

Will Bunch /
@will_bunch: Why so much angst at the Washington Post when the Epoch Times just proved there are still ways that newspapers can make money?

Ben Smith /
@semaforben: Has anyone figured out whether the Epoch Times allegations suggest that the company is a front for money-laundering; or alternately that the money-laundering was intended to support the cause? Or both? https://www.justice.gov/...

Justin Baragona /
@justinbaragona: An Epoch Times spokesperson just told me they “have a guiding principle that elevates integrity in its dealings” and will cooperate in the money laundering investigation involving their CFO, who is suspended “until this matter is resolved.” https://www.thedailybeast.com/ ...

Brandy Zadrozny /
@brandyzadrozny: Cannot tell you how many times when reporting on the Epoch Times over the years I've asked “how the hell are they making all this money??” Looks like the answer may be a global money laundering scheme! https://www.nbcnews.com/... [image]

David Weigel /
@daveweigel: 5000 years of crimes in one indictment

Emily Bell /
@emilybell: In my new role as CEO of the Epoch Times I will be introducing the ‘three newsroom’ model. There will be the newsy newsroom, the opiniony newsroom ....and the Making Money Online team .... https://www.justice.gov/... [image]

Anna Merlan /
@annamerlan: Ten other media executives furiously scribble down “making money online team” on an otherwise blank notepad on their vast empty desks

Bryson /
@bryson_m: uhhh turns out the Epoch Times was a giant money laundering operation https://www.justice.gov/... Associated Press: Epoch Times CFO is arrested and accused of role in $67M multinational money laundering scheme @trueanonpod: The DoJ is alleging that the vast majority of the Epoch Times revenue was obtained via blatantly criminal money laundering operations ran by its CFO. [image] @davidgerard: Bill Guan, the CFO of the Epoch Times, ran a crypto money laundering operation through the paper's companies https://www.justice.gov/... https://www.justice.gov/...

Jude Joffe-Block /
NPR: An Epoch Times executive is facing money laundering charges

Charisma Madarang /
Rolling Stone: Epoch Times Executive Charged in Alleged $67 Million Money Laundering Scheme

Jack Newsham /
Business Insider: Conspiracy theory-fueled newspaper Epoch Times grew revenue 4x thanks to CFO's crypto crime proceeds, feds say

Erik Uebelacker /
Courthouse News Service: Feds accuse Epoch Times of $67 million fraud scheme using prepaid debit cards, stolen data

Patrick Howell O'Neill /
@howelloneill@infosec.exchange: Filed under shocking stuff https://nymag.com/...

Josh Billinson /
@jbillinson@threads.net: oh so now it's a crime to find a profitable way to run a media organization

Justin Baragona /
The Daily Beast: Feds Accuse Far-Right Newspaper of Being a Money Laundering Operation @kurtsh@mastodon.social: This makes so much sense now. Paper media has struggled this past decade, yet the Epoch Times NEWSPAPER is drowning in cash? — They took out BILLBOARD & PRIME TIME TV ADS to advertise their propaganda rag. — They bought space in the Los Angeles Times paper delivery to be included in weekend subscriptions as an “advertising supplement”. …

TechCrunch:

TuneIn partners with Discord, bringing TuneIn's full free live radio and podcast library to Discord's Activity app directory— Audio streaming service TuneIn is teaming up with Discord to bring free live radio to the platform. This is TuneIn's first collaboration with a social platform …

Financial Times:

South Africa's MultiChoice recommends that shareholders accept Canal+'s buyout offer that values the company at $2.9B and will remain open until April 2025— Takeover of Africa's largest pay-TV operator must overcome regulatory hurdles — Africa's largest pay-TV operator, MultiChoice …

Discussion:
Reuters, Business Insider, WORLD SCREEN, Bloomberg and Advanced Television

Discussion:

Kristin Brzoznowski /
WORLD SCREEN: MultiChoice Independent Board Supports CANAL+ Offer

Loni Prinsloo /
Bloomberg: Vivendi's Offer to Buy MultiChoice Valued at $3 Billion Open

@maxwelltani:

Memo: Ben Sherwood says Daily Beast EIC Tracy Connor is leaving; Hugh Dougherty, most recently New York Post's deputy editor, will be the new executive editor— NEW: In a note to Daily Beast staff, Ben Sherwood announces that EIC Tracy Connor is leaving. Hugh Dougherty is the publication's new executive editor. [image]

Discussion:
The Wrap, @tracyconnor, @dianafalzone, @blackamazon, @ajbauer, @lachcartwright, @jakeswearingen, @lisatozzi, @sambrodey, @jaredlholt and @loudmouthjulia

Discussion:

Natalie Korach /
The Wrap: Daily Beast Editor in Chief Tracy Connor Exits Amid Broad Leadership Shakeup

Tracy Connor /
@tracyconnor: Being the editor in chief of The Daily Beast was the honor of a lifetime—and more fun than anyone has a right to expect at work. I'm so proud of what this mega-talented team has accomplished and I am excited for the next chapter, for myself and for the Beast. @dianafalzone: In the wake of the news that @thedailybeast EIC Tracy Connor will step down, @NoahShachtman told @Mediaite on Tuesday, “Tracy Connor is one of the sharpest journalists of her or any other generation. I can't wait to see what see does next.” @blackamazon: journalism's refusal to actually do the work it exposed itself as needing will be it's demise and they will blame the victims rather than the murders

A.J. Bauer /
@ajbauer: New right-wing outlet just dropped?

Lachlan Cartwright /
@lachcartwright: “Hugh's appointment signals the start of our transformation of the newsroom and underlying business as we confront the realities of the moment and seize the opportunities ahead,” Chief Content Officer Joanna Coles and CEO Ben Sherwood wrote to staff in a memo obtained by THR.

Jake Swearingen /
@jakeswearingen: We literally fought a war to stop British people from running everything and yet

Lisa Tozzi /
@lisatozzi: Another Fleet Street dude. How innovative.

Sam Brodey /
@sambrodey: Smart, tough, a relentless advocate for her people—Tracy has all the qualities you'd wish for in a top editor. Enormous loss for the Daily Beast.

Jared Holt /
@jaredlholt: Tracy is one of the best editors I've ever written for and Daily Beast's new leadership is absolutely moronic for what they're doing to the place. Classic dumb rich people thinking they can destroy a model that works and replace it with garbage and that readers will like that

New York Times:

A profile of Robert Winnett, the low-key, scoop-obsessed UK editor who will take charge of WaPo's newsroom this fall after 17 years at The Telegraph— Robert Winnett is virtually unknown in the U.S. and keeps a low profile in his native Britain, too. This fall, he will oversee the newsroom of Woodward and Bernstein.

Discussion:
Washington Post, @grynbaum, @benmullin, The Media Leader, The Desk, Press Gazette, The Guardian, Washington Post and Talking Biz News

Discussion:

Michael M. Grynbaum /
@grynbaum: Here's my profile of @washingtonpost's low-key new editor, Robert Winnett, a Brit who loves scoops, avoids dinner parties and is virtually unknown in the U.S. https://www.nytimes.com/...

Ben Mullin /
@benmullin: Rat Boy to The Post! Delightful man in the news profile by @grynbaum: https://www.nytimes.com/...

Charlotte Tobitt /
Press Gazette: Telegraph deputy of ten years Robert Winnett named Washington Post editor

Jane Croft /
The Guardian: Washington Post: Telegraph veteran to take over from Sally Buzbee as executive editor Washington Post: WaPo says Matt Murray will be Executive Editor until the US presidential election, after which Robert Winnett will take on the new role of Editor

Chris Roush /
Talking Biz News: Former WSJ editor Murray to run Washington Post

RELATED:
NOTUS: WaPo staffers say they are concerned that Will Lewis is trying to impose a new editorial vision without giving them clarity ahead of the contentious US election

Discussion:
The Guardian, Media Nation, NPR, Associated Press, Columbia Journalism Review, @thesarahkelly, @hshaban, @charlottetklein, @brianstelter, Fox News, @peltast@mstdn.ca, Vanity Fair, @karlbode.bsky.social, @indorfin.bsky.social, @gbbranstetter.bsky.social, Poynter, @tanzinavega@threads.net, MediaPost, New York Times and Washington Post

Discussion:

Margaret Sullivan /
The Guardian: If the Washington Post is to fly again, its journalists must share the cockpit

Dan Kennedy /
Media Nation: Post notes: Buzbee's departure, diversity concerns and a squishy-soft profile

David Folkenflik /
NPR: New CEO of ‘The Washington Post’ puts former colleagues in power

David Bauder /
Associated Press: With its top editor abruptly gone, The Washington Post grapples with a hastily announced restructure

Jon Allsop /
Columbia Journalism Review: The Brits are coming. Again.

Hamza Shaban /
@hshaban: The Post's new leadership think they are telling naive staff the “hard truths” of revitalizing the news business. This posture is condescending and self-aggrandizing. In realty, new leaders are blaming journalists for the bad decisions of prior leaders, with no accountability

Hamza Shaban /
@hshaban: A really dark look at first reactions inside the Washington Post, and a taste of the new leadership style that is rejecting staff input and installing close allies and unknown outsiders in key positions. Implicit in all these big decisions is the approval of Jeff Bezos....

Charlotte Klein /
@charlottetklein: “We are losing large amounts of money. Your audience has halved in recent years. People are not reading your stuff. I can't sugarcoat it anymore,” WaPo CEO and publisher Will Lewis told staff Monday, amid a major leadership shakeup at the paper: https://www.vanityfair.com/...

Brian Stelter /
@brianstelter: Will Lewis “was also asked whether he had interviewed any diverse candidates or women to be the new executive editor but did not give a definitive answer, per several sources.” https://www.notus.org/... Fox News: WaPo boss sounds alarm over dwindling audience in heated staff meeting: ‘People are not reading your stuff’

Mike Sims /
@peltast@mstdn.ca: @Mediagazer I'm afraid they're angry because they have clarity, not because they don't. New WaPo editorial vision will be hard right nuttery, that's clear to the staff and they're rightfully concerned.

Charlotte Klein /
Vanity Fair: “I Can't Sugarcoat It Anymore”: Will Lewis Bluntly Defends Washington Post Shake-Up

Karl Bode /
@karlbode.bsky.social: real journalism doesn't serve affluent brunchlords — they want cheaply produced distraction and engagement bait peppered with just enough real journalism to give their incompetence a veneer of seriousness [embedded post]

Gillian Branstetter /
@gbbranstetter.bsky.social: “I've got to do better” but not now I guess [embedded post]

Tanzina /
@tanzinavega@threads.net: Apparently there are no qualified people who can run a newsroom in the United States. We must import talent from the UK to lead us.

Ray Schultz /
MediaPost: ‘Washington Post’ Shakeup: Exec Editor Buzbee Out

New York Times:
Source: Will Lewis told Sally Buzbee she could run one of the new WaPo divisions, in what would've been an effective demotion for her; Buzbee chafed at the idea

Discussion:
MediaPost, Poynter, @benmullin, Mediaite, @brianvastag@sciencemastodon …, Digital Journal, The Wrap, @samlitzinger@journa.host, @ChrisBoese@newsie.social, The Media Leader, Washington Post, Al Jazeera, New York Post, Associated Press, Axios, @cnn@threads.net, The Information and @davidfolkenflik

Discussion:

Ray Schultz /
MediaPost: ‘The Washington Post’ Shakeup: Exec Editor Buzbee Out

Ben Mullin /
@benmullin: Some backstory: Washington Post Chief Executive Will Lewis told Sally Buzbee she could run one of the new divisions being created at The Post, but she resigned instead — it would've been an effective demotion for her. https://www.nytimes.com/...

Ben Mullin /
@benmullin: New: Sally Buzbee was informed on Sunday that Matt Murray would be joining The Washington Post. Matt is now taking meetings in Sally's 7th floor office, and her nameplate has been removed w/@katie_robertson https://www.nytimes.com/...

Alex Griffing /
Mediaite: 'Can't Sugarcoat It': Washington Post CEO And Staff Reportedly Throw Down in Fiery Meeting After EIC's Abrupt Exit

Brian Vastag /
@brianvastag@sciencemastodon.com: Looks like my old workplace is turning into another media shitshow. Editor Sally Buzzbee was shit-canned on a Sunday night and a WSJ dude who's pals with the reich-wing publisher is now in charge. — A friend of mine who was a science editor at the Post recently left after just 18 months. …

Natalie Korach /
The Wrap: Washington Post Staffers Push Back on Sally Buzbee's Sudden Exit as Executive Editor

Sam Litzinger /
@samlitzinger@journa.host: New Washington Post editor Matt Murray meets staff after abrupt Buzbee exit — “In his brief remarks, Murray did not share his specific editorial priorities, though he mentioned a few specific stories that will be top priorities for The Post, including the presidential election, Donald Trump and the trial facing Hunter Biden.” …

Chris Boese /
@ChrisBoese@newsie.social: Backlash from Cronies? Sure looks like it. — Washington Post Newsroom Reels From Sudden Editor Exit — Sally Buzbee, who has been editor of The Washington Post since 2021, chafed at a major reorganization by the newspaper's chief executive. — https://www.nytimes.com/...

Sabrina Quagliozzi /
The Media Leader: Washington Post shakes up leadership as Buzbee steps down

Washington Post:
A WaPo staff meeting to introduce new top editor Matt Murray turned contentious when staff questioned CEO William Lewis about Sally Buzbee's abrupt replacement

Patrick Reilly /
New York Post: Sally Buzbee abruptly resigns as editor of The Washington Post after 3 years @cnn@threads.net: Sally Buzbee, the executive editor of The Washington Post, is stepping down from her role after leading the newspaper for three tumultuous years, the newspaper announced late Sunday. “Sally is an incredible leader and a supremely talented media executive who will be sorely missed. …

The Information:

Sources: Apple was in talks last year to debut Apple TV+ in China via a deal with China Mobile, which would make it the only US video streaming service in China— Apple was in talks last year to launch its Apple TV+ video streaming service in China via a deal with China Mobile …

Discussion:
AppleInsider, @niubi, @waynema and 9to5Mac, more at Techmeme »

Discussion:

William Gallagher /
AppleInsider: Apple TV+ tries to become the first US streamer in China

Bill Bishop /
@niubi: Would require lots of censorship, in China and globally

Wayne Ma /
@waynema: Apple held talks last year with China Mobile to launch Apple TV+ in the country. If successful, it would be the only U.S. streaming service in China, though unclear if it will ever come to Chinese iPhones. Check out my latest scoop for @theinformation https://www.theinformation.com/ ...

Benjamin Mayo /
9to5Mac: Apple held talks to launch Apple TV+ in China, would become the only US streaming service to be available in the region

Deadline:

Disney EMEA President Jan Koeppen says Disney spent £3.5B on production in the UK since 2019, including on 29 films; Netflix spent $6B in the UK in 2019 to 2023— Disney has spent £3.5B ($4.5B) on production in the UK since 2019, EMEA boss Jan Koeppen has revealed.

Discussion:
Variety and The Hollywood Reporter

Discussion:

K.J. Yossman /
Variety: Disney EMEA Boss Jan Koeppen Restates Commitment to Theatrical Distribution, Cites ‘Coleen Rooney: The Real Wagatha Story’ as Top Unscripted U.K. Series

Bloomberg:

Shutterstock CEO Paul Hennessy says the company's licensing business with AI companies made $104M in revenue in 2023— - Reka AI is latest customer to announced deal with Shutterstock — OpenAI, Meta, among others using Shutterstock images for AI

Discussion:
@webjournalist.bsky.social and Brody Ford on LinkedIn, more at Techmeme »

Discussion:

Robert Hernandez /
@webjournalist.bsky.social: How many years is it until Shutterstock shuts down because it gets replaced by AI-generated images? Enjoy that $104M. [embedded post]

Brody Ford /
Brody Ford on LinkedIn: Shutterstock has quietly built one of the world's largest AI data licensing businesses. — The marketplace for images and videos cleared $104 million …

Bloomberg:

Antenna: Spotify users are the least likely to cancel among major video or audio streaming services in the US, with a ~2% monthly churn rate, similar to Netflix— Its customers are the least likely to cancel among major video or audio streaming services. — Good afternoon from Chicago …

Discussion:
Music Ally, @lucas_shaw, The Information and Deadline

Discussion:

Lucas Shaw /
@lucas_shaw: Spotify announced it is raising prices, as we first reported it would a couple months ago. Get ready for Spotify to raise prices regularly in the coming years. (As Netflix has in video.)

Lucas Shaw /
@lucas_shaw: People don't switch from one audio service to another. That happens ALL THE TIME in video, where people cancel and resubscribe depending on new shows. But that doesn't exist with audio, where every service offers a similar product. [image]

Martin Peers /
The Information: Spotify's Price Rise Makes Apple Music More Appealing

RELATED:

The Verge:
Spotify plans to raise US prices: Premium from $10.99 to $11.99 per month, Duo from $14.99 to $16.99, and Family from $16.99 to $19.99, after a July 2023 hike

Discussion:
Spotify, The Hill, @ccm_brett, 9to5Google, @radnorcapital, @film_girl, @alexweprin, @tomwarren, The Hollywood Reporter, The Desk, Engadget, CBS News, Gizmodo, Bloomberg, The Media Leader, Micah Willbrand on LinkedIn, CNBC, Digital Trends, Variety, Music Ally, 9to5Mac, The Wrap, KTVX-TV and TechCrunch

Discussion:

Brett /
@ccm_brett: Spotify continues to gain market share on Apple Music and Amazon Music How important will YouTube Music be over the next five years? $SPOT [image]

Ben Schoon /
9to5Google: Spotify is raising prices in the US; $12 for single accounts, $20 for Family @radnorcapital: Spotify $SPOT is raising prices again in the US and the stock is up ~5%. Individual +$1 or +9% to $11.99, Duo +$2 or +13% to $16.99 and Family Plan +$3 or +18% $19.99. Given the stock reaction, this move was likely sooner and/or larger vs. expectations. At the risk of stating

Christina Warren /
@film_girl: Honestly, I'm going to have to consider charging the people who squat on my Spotify Family plan rent b/c this is like a $50 a year increase. Which is small but also WTAF. https://www.theverge.com/...

Alex Weprin /
@alexweprin: The price of individual plans is going up by $1 a month. Family plans? $3 a month.

Tom Warren /
@tomwarren: Spotify is increasing its US prices again. Premium, Duo, and Family plans are all getting price hikes — the second in one year https://www.theverge.com/...

Alex Weprin /
The Hollywood Reporter: Spotify Hikes Prices of Premium Plans Again as Streaming Inflation Continues

Matthew Keys /
The Desk: Spotify to raise prices on Premium, Duo and Family plans

Sarah Fielding /
Engadget: Spotify is raising the cost of Premium subscriptions, again

Khristopher J. Brooks /
CBS News: Spotify hikes price of memberships as it seeks to drive profits

Dua Rashid /
Gizmodo: Spotify Is Raising Prices Yet Again

Ashley Carman /
Bloomberg: Spotify Shares Jump on US Price Increase

Sabrina Quagliozzi /
The Media Leader: Spotify hits users with another price hike in less than a year

Micah Willbrand /
Micah Willbrand on LinkedIn: Have talked a bit on food costs but not it's time for streaming chats. — Fascinating that a company which eliminated 20% of it's work force …

Ashley Capoot /
CNBC: Spotify raises prices of premium subscription plans

Phil Nickinson /
Digital Trends: Spotify is getting more expensive, again

Todd Spangler /
Variety: Spotify Raises U.S. Prices of Premium Streaming Plans for Second Time in One Year

Stuart Dredge /
Music Ally: Spotify raises its subscription prices in the US again

Benjamin Mayo /
9to5Mac: Spotify raising prices again, Family plan now $3/mo more expensive than Apple Music

Natalie Korach /

Related Knowledge Center: Climate economics

State of Play

Climate change is now a driver of the world’s economy. The impact is profound:

  • Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
  • Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
  • Investment in carbon capture and storage technologies is increasingly rapidly.
  • Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases. 

On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”

More informationabout Climate economics