Todd Spangler / Variety: Apple reports Q3 revenue from Services, which includes the App Store, Apple TV, and more, grew 12% YoY to $30.74B, vs. $31.36B est.; AAPL drops 5%+ after hours — For the three months…
Todd Spangler / Variety: Meta reports $2.4B in charges related to legal proceedings in Q2 and $1.18B in severance expenses in connection with the May 2026 layoff of about 8,000 staff — The company, the parent of…
Corbin Bolies / Variety: Patreon lays off 20% of its employees, or 93 people, citing a “painful” restructuring due to “profound” changes in the creator economy — Patreon, the…
Todd Spangler / Variety: Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $11.06B, vs. $10.8B est., and Google's ad revenue reached $81.63B, up from $71.34B in Q2 2025 — Video giant YouTube, one of the…
Gene Maddaus / Variety: A coalition of 12 states led by California files an antitrust lawsuit to block Paramount's WBD merger, alleging it lessens competition in three markets — A coalition of 12 states filed an…
Corbin Bolies / Variety: Meta says it will discontinue a feature that allowed users to generate images in Meta AI using public Instagram accounts, following days of criticism — Meta said it will discontinue an AI…
Corbin Bolies / Variety: Kaon AI, which builds personalized story worlds using its AI-based FlowGPT and Emochi tools, raised $60M from B Capital and others, and says Emochi has 2M DAUs — Kaon AI, a start-up…
William Earl / Variety: Netflix signs deals with Penske Media, Condé Nast, Hearst, People, and other publishers to carry a range of programming from 2 to 20+ minutes, starting August 3 — Netflix is further…
Gene Maddaus / Variety: Midjourney wants Disney, Universal, and Warner Bros. to reveal in court how they use AI across their companies; studios sued Midjourney in 2025 for infringement — The studios sued the AI…
Brian Steinberg / Variety: Walmart acquires Paris-based Vibe.co, which lets businesses create and run targeted ads on streaming services; Vibe.co's co-founders will join Walmart Connect — Walmart is one of the…
Variety: Amazon MGM Studios drops Luca Guadagnino's mostly finished movie on Sam Altman; Amazon struck a major deal with OpenAI in February, including a $50B investment — The film, starring Andrew Garfield as the…
Todd Spangler / Variety: Apple's Craig Federighi says some companies “appear to be racing forward” to develop “AI for the sake of AI” without regard for the humans using the technology &mdash…
Jennifer Maas / Variety: ESA and YouGov: 212.3M people in the US between the ages of 5 and 90 play video games every week, up 3% from 2025; the average age of players rises to 37 — Two-thirds of Americans play an…
Todd Spangler / Variety: Reactor, which says its AI platform can generate video in real-time with near-zero latency, emerges from stealth with a $59M Series A led by Lightspeed — Existing generative AI models are…
Todd Spangler / Variety: YouTube makes its AI content labels more prominent on desktop and mobile, and will apply them automatically if it detects “significant photorealistic AI use” — Is that YouTube…
Jennifer Maas / Variety: Star Citizen, a video game in development since 2012, has reached $1B in lifetime funding; it remains in alpha and does not have a confirmed release date — Cloud Imperium Games marked a…
Todd Spangler / Variety: Apple plans to broadcast an MLS game on Saturday shot entirely on 15 iPhone 17 Pros, the first major live sports event to be captured using only smartphones — Apple has frequently touted the…
Jem Aswad / Variety: Spotify and UMG plan to let Premium users create AI covers and remixes using music from participating UMG artists as a paid add-on, without giving a launch date — Spotify and Universal Music Group…
Todd Spangler / Variety: Amazon's Alexa+ now produces AI-generated “podcasts” on various topics in the US, featuring chats between two AI “co-hosts”, using content from media outlets — The podcast sector suddenly may…
Todd Spangler / Variety: A look at Matthew McConaughey's novel legal strategy to fight unauthorized AI use of his image and likeness, by trademarking video and audio clips of himself — The actor has secured trademarks…
Gene Maddaus / Variety: Dua Lipa files a $15M lawsuit against Samsung, alleging that it used her likeness to sell TVs without paying her and without permission starting in 2025 — Dua Lipa has filed a $15 million…
Todd Spangler / Variety: Trump Media and Technology Group reports Q1 net sales up 6% YoY to $871,200 and a $405.9M net loss; DJT is down 35% so far in 2026 for a market cap of ~$2.47B — Trump Media and Technology…