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Bertelsmann SE & Co KGaA
Bertelsmann would consider deal to expand music business BMG, says chief
...The disposals flattered 2023’s results but have raised questions over future sources of growth....
March 26, 2024
Media
Avatar director James Cameron backs new UK studio scheme
...“The 22.5 per cent of total global box office the UK delivered in 2023 will grow as a result,” Cameron wrote. “But embracing that opportunity necessitates support and boldness in thinking....
April 22, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Netflix Inc
Netflix profits surge after password-sharing crackdown
...The latest results showed there was still room for growth as a result of its password crackdown and push into advertising, Pescatore added....
April 18, 2024
Spotify Technology SA
Spotify hits record quarterly profit as it enters ‘new phase’
Pioneer of music streaming kicks off more mature era for its business after years of freer spending
April 23, 2024
Media
Ofcom warns broadcasters over election bias
...The watchdog said that any violations of election programming rules would be considered serious and possibly result in statutory sanctions....
April 24, 2024
Trump Media & Technology Group
Donald Trump’s $10bn media group sinks 21% after disclosing widening losses
...Shares in the social media group sold off after publication of the results, closing down more than 21 per cent in New York at $48.66....
April 1, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
LexMeta Platforms
Meta proves AI hype has its limits Premium content
...Third-party estimates, including a study by non-profit Common Sense Media, suggest it will need to boost engagement by hours each day to catch up to TikTok....
April 25, 2024
Due Diligence
Who is auditing Trump Media’s auditors? Premium content
...In today’s newsletter: Trump Media’s auditor Parisian financial hub Vitol’s bumper profits Some DD on the auditor behind Trump Media Last week Donald Trump’s media company disclosed its annual results...
April 9, 2024
News updates from April 1: Israel accused of air strike on Iranian embassy; US manufacturing sector expands for first time since 2022
Shares in Donald Trump’s media group fall below pre-Spac merger price
...Financial results filed on Monday show that the owner of Trump’s Truth Social platform took in just $751,500 in revenue in the fourth quarter of 2023, a more than 25 per cent decrease from the previous quarter...
April 1, 2024
Meta Platforms
Zuckerberg defends Meta’s AI spending spree as shares tumble
...Mark Zuckerberg rekindled investor fears that he would not control costs at Meta after vowing to increase spending and turn the social media group into “the leading AI company in the world”, sending its...
April 24, 2024
Soumaya Keynes
Would a subscription model make social media better?
...Although many people are happy with their social media use, one study estimated that about a third of it is the result of self-control problems....
March 22, 2024
Newspaper industry
The Scotsman-owner National World flags interest in Telegraph
...National World, the regional media group, has flagged its interest in any future sale of the Telegraph, with claims that it would be the “best qualified” to own the rival national newspaper....
March 21, 2024
BBC
Huw Edwards resigns from BBC
...Edwards was at the centre of a media frenzy last summer after reports emerged of an initially unnamed BBC presenter’s alleged relationships with a series of young people....
April 22, 2024
Universal Music Group
What’s a new Taylor Swift album worth?
...Streaming, as well as being the most important results line, is where the market has a habit of getting ahead of itself....
April 23, 2024
Media
Music rights investor secures $500mn to fund acquisition spree
...A UK-based media group has secured $500mn in debt funding to invest in creating and buying music rights for films, TV, theatre productions and computer games in a sign of continued interest in the asset...
April 15, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Special ReportFuture of AI
Media groups look to AI tools to cut costs and complement storytelling
...In instances where structured data is available — for example, with sports statistics or financial results — AI can easily transform this into a news narrative, says Danielle Chazen of AI-based video and...
March 26, 2024
Hipgnosis Songs Fund
Hipgnosis agrees $1.4bn sale to Concord Chorus
...It said the share price was unlikely to increase to reflect the adjusted net asset value or deal price “in the medium term as a result of numerous company-specific and certain market issues”....
April 18, 2024
Inside BusinessAnna Nicolaou
The last of pop’s superstars?
...“There’s no doubt that superstars are getting smaller and will continue to get smaller,” said Midia analyst Mark Mulligan, who expected “some recalibration” among record labels as a result....
April 11, 2024
Europe Express
EU migration pact reaches denouement Premium content
...“It’s the result of heavy, difficult work,” said liberal MEP Fabienne Keller. The reforms stipulate that people could be rejected for asylum if they can be sent to a third country deemed safe....
April 10, 2024
FT Alphaville
FTAV’s further reading
...(Detailed) — Inside the world of TikTok spammers and the AI tools that enable them (404 Media) — Why is your news site going out of business?...
March 8, 2024
Boeing Co
Boeing burns through $4bn in first quarter after door plug blowout
...The results “reflect the immediate actions we’ve taken to slow down 737 production to drive improvements in quality”, Calhoun said....
April 24, 2024
Snap Inc
Snap shares sink 35% as revenue falls short of Wall Street expectations
...“Snap is trying to distance itself from social media, but the reality is that it still must compete for social ad dollars....
February 7, 2024
TikTok Inc
TikTok gears up for legal fight in US to prevent ban
...The US House of Representatives on Saturday passed a package of national security bills that included legislation that would result in TikTok being banned in the country if Chinese parent company ByteDance...
April 22, 2024
S4 Capital
Shares in Martin Sorrell’s S4 Capital fall 15% after revenues warning
...As part of his aggressive acquisition strategy, he bought dozens of media groups and expanded operations around the world....
March 27, 2024
TikTok Inc
Universal Music set to pull songs from TikTok after negotiations break down
...ByteDance does not publicly disclose its financial results....
January 31, 2024

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