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Blake Brittain / Reuters: 70 mins ago

The owner of the Entrepreneur magazine sues Meta in California federal court, alleging the company used “at least hundreds” of its works to train AI models

Reuters: 2 hours ago

Sources: Comcast has hired Goldman Sachs and Morgan Stanley to evaluate a prospective offer for Warner Bros. Discovery's studio and streaming businesses

Etan Vlessing / The Hollywood Reporter: 2½ hours ago

Lionsgate reports Q2 revenue down 21% YoY to $475.1M, net loss of $113.5M, vs. $163.3M a year earlier, $276.4M in motion picture revenue, $198.7M in TV revenue

Sources: Comcast has hired Goldman Sachs and Morgan Stanley to evaluate a prospective offer for Warner Bros. Discovery's studio and streaming businesses

Max Tani / Semafor:

Sources: Condé Nast fired four staffers who were among a group of over a dozen that confronted its HR head over the Teen Vogue closure and other recent cuts

Tony Maglio / The Hollywood Reporter:

ESPN announces DraftKings as the new sports betting partner for ESPN Bet, effective December 1 with a “full rollout expected in 2026”

Jeff Horwitz / Reuters:

Docs: Meta projected in December 2024 that 10.1% of its 2024 revenue, or $16B, came from ads for scams and banned goods, including ~$7B from “higher risk” ads

Sky News:

Investigation: X amplifies right-wing and extreme political content in the UK, as Elon Musk endorses fringe politicians and encourages nationalist sentiment

Matthew Keys / TheDesk.net:

A survey of 3,000 people in six countries: streaming viewers average 14 minutes looking for content to watch; 45% say the market is oversaturated with streamers

Blake Brittain / Reuters:

The owner of the Entrepreneur magazine sues Meta in California federal court, alleging the company used “at least hundreds” of its works to train AI models

Suzanne Vranica / Wall Street Journal:

Madison & Wall: US ad spending is expected to grow 8.5% this year to $435.22B and Meta, Google, and Amazon are projected to account for 56% of the US ad market

C.J. Robinson / Columbia Journalism Review:

Tow Center identifies eight X bot accounts that use X's AI Note Writer API to write between 5% to 10% of the Community Notes visible to the public each day

Aisha Malik / TechCrunch:

Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier

Etan Vlessing / The Hollywood Reporter:

Lionsgate reports Q2 revenue down 21% YoY to $475.1M, net loss of $113.5M, vs. $163.3M a year earlier, $276.4M in motion picture revenue, $198.7M in TV revenue

Juby Babu / Reuters:

News Corp reports Q1 revenue up 2% YoY to $2.14B, above $2.1B est., Dow Jones revenue up 6% to $586M, and News Media with “strong improvement in profitability”

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