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VOICE ARCHIVE

Edmund Lee

@edmundlee
93 posts
2025-12-06
Let's continue our game: Filmmakers like James Cameron don't want Netflix to get Warner, bad for art. But if the Ellisons win, they'll control CNN and CBS, collapsing two of the nation's largest news orgs under Bari Weiss. film versus news, aka commerce versus democracy
2025-12-06 View on X
Financial Times

Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, including debt, to close after WBD splits in two in Q3 2026

Netflix announced this week that it had reached … Axios : Netflix to buy Warner Bros. for nearly $83 billion Alex Pigman / Taipei Times : Warner Bros acquisition by Netflix sparks ...

for SEC geeks, NETFLIX has written several weapons into the deal: 1. cites a “non-appealable” regulatory restriction, meaning it will appeal if gov't blocks deal 2. cites Mar 4 2027 as end date with 6-mo extension, months before Trump's term ends, so they'll just wait him out. [image]
2025-12-06 View on X
Game Developer

WBD confirms that Warner Bros. Games will be acquired by Netflix along with its wider streaming and television business

A Warner Bros. spokesperson has confirmed the video game division will be acquired by Netflix alongside its wider streaming and television business.

for SEC geeks, NETFLIX has written several weapons into the deal: 1. cites a “non-appealable” regulatory restriction, meaning it will appeal if gov't blocks deal 2. cites Mar 4 2027 as end date with 6-mo extension, months before Trump's term ends, so they'll just wait him out. [image]
2025-12-06 View on X
Financial Times

Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, including debt, to close after WBD splits in two in Q3 2026

Netflix announced this week that it had reached … Axios : Netflix to buy Warner Bros. for nearly $83 billion Alex Pigman / Taipei Times : Warner Bros acquisition by Netflix sparks ...

Let's continue our game: Filmmakers like James Cameron don't want Netflix to get Warner, bad for art. But if the Ellisons win, they'll control CNN and CBS, collapsing two of the nation's largest news orgs under Bari Weiss. film versus news, aka commerce versus democracy
2025-12-06 View on X
Game Developer

WBD confirms that Warner Bros. Games will be acquired by Netflix along with its wider streaming and television business

A Warner Bros. spokesperson has confirmed the video game division will be acquired by Netflix alongside its wider streaming and television business.

2025-06-13
I can see how “stablecoins” themselves could ultimately replace the USD they're backed by, much the way USD replaced the gold they were backed by... but unlike the US gov't, you'd have Amazon fiat versus Meta fiat versus Walmart, versus Apple, etc. — all unregulated  —  www.wsj.com/finance/bank...
2025-06-13 View on X
Wall Street Journal

Sources: Walmart, Amazon, and Expedia have recently explored issuing or using stablecoins in the US to potentially save fees from cash and card transactions

all unregulated  —  www.wsj.com/finance/bank... @hypervisible : Oh you mean money laundering and tax evasion. LinkedIn: Ben Parkes : Everyday low prices, now featuring everyday cry...

2025-03-29
Overheard: “So this is from the ‘I now call blue, red, and purple is a cookie’ theory of financial transactions”
2025-03-29 View on X
CNBC

Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation

Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values …

Another way to look at it: xAI took on another $12 billion in debt.  Plus, everything posted to this platform is now officially a part of xAI's data trove, but do users get to opt out?
2025-03-29 View on X
CNBC

Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation

Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values …

2024-08-29
the astounding thing about Zuckerberg's signaling, if that's what this is, is it comes in the form and of a letter, and not as a conversation through back channels, which is what corporate leaders have done for ages ... all the lobbying dollars Meta spends and yet
2024-08-29 View on X
Politico

In his upcoming book, Trump says Mark Zuckerberg plotted against him during the 2020 election and he'd “spend the rest of his life in prison” if he did it again

The Meta CEO earlier this week asserted that Biden administration tried to “pressure” the company to downplay content about Covid.

2024-08-21
how much is @openai paying?  and what's the structure of the deal?
2024-08-21 View on X
Wired

Condé Nast agrees a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired

Publishers looking at the media landscape are likely realizing … BBC : ChatGPT firm OpenAI strikes deal with Vogue owner Ananya Gairola / Benzinga : ChatGPT-Maker OpenAI Forges Con...

2024-07-20
The data is drying up for AI startups like @openai, @kevinroose reports. It's no longer a free buffet. It explains why OpenAI was willing to pay $250mm for access to @wsj and other @newscorp pubs, but now I wonder if those prices were too low: https://www.nytimes.com/...
2024-07-20 View on X
New York Times

A study of 14K domains used in the C4, RefinedWeb, and Dolma datasets finds a dramatic drop in content available to train AI models as publishers tighten access

2024-05-30
What happens when they can't agree on renewal terms? Does OpenAI re-train its system to NOT include their news content? Is that even possible? Or do news orgs lose out because they're content becomes so baked into the LLM that OpenAI effectively owns it in perpetuity?
2024-05-30 View on X
Axios

The Atlantic and Vox Media sign multiyear licensing and product deals with OpenAI; The Atlantic plans an experimental Atlantic Labs with OpenAI's and other tech

- The Atlantic has been publishing content since 1857. … - Both agreements also allow OpenAI to tap into the respective …

.@theatlantic cut a deal with @openai, following other news orgs, but I have questions. https://www.theatlantic.com/ ...
2024-05-30 View on X
Axios

The Atlantic and Vox Media sign multiyear licensing and product deals with OpenAI; The Atlantic plans an experimental Atlantic Labs with OpenAI's and other tech

- The Atlantic has been publishing content since 1857. … - Both agreements also allow OpenAI to tap into the respective …

2024-05-23
Looks like @axelspringer_EN struck a $30 mm/3-yr deal and @FT a $10 mm / yr ... so at $50 mm / yr, Murdoch netted a decent rate, but it's a bundle of at least 7 publications.  Looks like @OpenAI is offering $7 mm to $10 mm/yr/pub as the going rate:
2024-05-23 View on X
Wall Street Journal

News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources say the deal could be worth $250M+ over five years

Agreement could generate over $250 million over five years for News Corp in cash and credits  —  Wall Street Journal owner News Corp struck …

2024-03-22
still kills me there still isn't a unified metric to measure podcast audience ... TV did it almost a century ago ... but we still can't do it for podcasts, like it needs to be an enduring mystery
2024-03-22 View on X
Bloomberg

Spotify's TikTok-like redesign reveals top podcasters' follower counts: The Joe Rogan Experience has 14.5M, TED Talks Daily has 5M, and Call Her Daddy has 3.7M

It's Even More Than You Thought Connor Bennett / Dexerto : Joe Rogan's Spotify dominance finally revealed & it dwarfs every other podcast Podnews : How big is Joe Rogan? Ananya Gai...

2024-03-17
Ok I'll bite on @tiktok.  It's clear Beijing has control over ByteDance which in turn controls TikTok.  But they're not after data (easily available elsewhere) they want influence.  TikTok is a media company and now Congress, perhaps unwittingly, is finally codifying into law that tech is media, like broadcast, and subject to the same conditions. …
2024-03-17 View on X
Axios

A look at a potential TikTok US sale, with an estimated valuation of $100B, or $40B without the algorithm, as Steven Mnuchin and others form investor groups

- TikTok's U.S. revenue reportedly was between $16 billion and $20 billion in 2023, but CEO Shou Zi Chew has said the company is in the red.

2024-03-16
Ok I'll bite on @tiktok.  It's clear Beijing has control over ByteDance which in turn controls TikTok.  But they're not after data (easily available elsewhere) they want influence.  TikTok is a media company and now Congress, perhaps unwittingly, is finally codifying into law that tech is media, like broadcast, and subject to the same conditions. …
2024-03-16 View on X
New York Times

The TikTok divestment bill's progress slows down in the Senate, as Majority Leader Chuck Schumer has not decided whether to bring the bill to the floor

Legislation to force TikTok's Chinese owner to sell the app or have it banned in the United States sailed through the House, but the Senate has no plans to move hastily.

2024-03-14
Gerry Levin struck an eye-watering merger that still reverberates today.  Basically, old media never got beyond the flat format of audience+advertising but it was arguably the best thinking of its day https://www.nytimes.com/...
2024-03-14 View on X
New York Times

Gerald M. Levin, the former Time Warner CEO who oversaw the AOL merger, widely considered the worst corporate merger in US history, died on March 13 at age 84

but wow.  He's dead!  Cut a little slack!  —  www.nytimes.com/2024/03/13/o... X: Steve Case / @stevecase : Jerry Levin was a pioneer and visionary. More than two decades ago, Jerry...

2024-02-23
Given the fact that ...  • after almost 2 decades, @reddit has likely never made money  • the Newhouse family will likely want to get some money back  • they'll likely sell most if not all of its stake It's worth noting that...  • Sam Altman owns 9% of the voting rights …
2024-02-23 View on X
CNBC

Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU

- Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …

Given the fact that ...  • after almost 2 decades, @reddit has likely never made money  • the Newhouse family will likely want to get some money back  • they'll likely sell most if not all of its stake It's worth noting that...  • Sam Altman owns 9% of the voting rights …
2024-02-23 View on X
The Hollywood Reporter

S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11%

This makes him the third-largest shareholder in Reddit, behind Advance (30 percent) and Chinese tech company Tencent (11 percent). … X: Alexei Oreskovic / @lexnfx : Sam Altman is s...

2023-07-19
Serious provocation: Can someone use this to create a platform where Llama2, chatgpt and Bard challenge each other in a Turing test?
2023-07-19 View on X
Meta

Meta releases Llama 2, its open-source LLM with double the context length, for free for research and commercial use, and expands its Microsoft partnership

Recent breakthroughs in AI, and generative AI in particular, have captured the public's imagination and demonstrated what those developing …