Skydance completes its $110 billion Warner Bros Discovery takeover, giving David Ellison control of studios, CNN and CBS while planning $6 billion in savings.
MEDIA & ADVERTISING
FCC Urges Court to Dismiss Disney Lawsuit Over ABC Licences
The FCC is asking a federal court to dismiss Disney’s challenge to early reviews of eight ABC station licences, escalating a legal battle over alleged discrimination, broadcaster free speech and government influence over media.
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Australia’s Social Media Ban Sparks Global Crackdown on Children’s Access
Australia’s under-16 social media ban has been followed by growing efforts in Europe, Asia, the Middle East, the US and EU to restrict children’s access.
Meta Removes 756,000 Australian Teen Accounts as Ban Enforcement Looms
Meta has removed 756,000 Instagram and Facebook accounts suspected to belong to Australians under 16 as enforcement of the social media ban continues.
What Snap’s World Cup Ad-Revenue Jump Means for Australian Brands
Snap’s World Cup-fuelled ad growth highlights how major sporting events can unlock new digital advertising opportunities for Australian brands.
US Court: Meta and Other Tech Giants Must Face Thousands of Lawsuits
Meta, Google, TikTok and Snapchat must face thousands of lawsuits alleging their social media platforms were designed to keep young users hooked, after a US appeals court rejected an appeal by Meta and TikTok.
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Australia Social Media Ban Explained: What the Under-16 Law Means for Users and Platforms
The historic ban on social media use by under-16 individuals in Australia moves the accountability away from families to the technology companies by having stringent compliance measures in the Online Safety Act 2021 amendment.
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Britain Clears Paramount’s $110 B Warner Bros. Acquisition Deal
Britain has cleared Paramount Skydance’s US$110 billion acquisition of Warner Bros. Discovery, saying the deal will not harm competition after the company agreed to legally binding commitments on news and programming.
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Snap Tops Revenue Forecast Thanks To World Cup Ad Spend
The social media company beat quarterly revenue estimates as FIFA World Cup advertising and stronger spending from major brands boosted its ad business.