Mornin! This is Sean McNulty (connect with me on LinkedIn here if ya like), and here’s the Hollywood + Media news to know on WEDNESDAY, June 5, 2024.
Where who knew the “rule of threes” also applied to streaming services? TWITCH joined the price hike chorus this week alongside MAX and SPOTIFY, raising “Tier 1” subscriptions from $5 to $6, the first price hike in its history.
I’m really gonna have to start looking for a new gif.
AND: PARAMOUNT punted the employee town hall previously set for today, to Tuesday, June 25.
ALSO: Hackers have been targeting high profile TIKTOK accounts of late, including CNN, SONY and Paris Hilton. To date, Richard’s account seems to be unaffected.
THEN: Diddy sold his majority stake in the REVOLT TV network and is stepping down as Chairman after previously exiting the company in November after Cassie brought her allegations against him.
The company will become majority-owned by its employees, of which 80% are people of color.
TODAY IN SPORTS GAMBLING ADVANCEMENTS:
The MLB banned 24-year-old PITTSBURGH shortstop Tucupita Marcano for life due to betting on baseball games.
As the gambling case involving former NBA bench player Jontay Porter progresses, it features actions about as stupid as you’d think for something like this. Million-dollar payouts on whether a bench player finishes a game? I’m sure no one will notice.
Apparel & merch company FANATICS has hired a CMO, coming over from . . . GUCCI for its burgeoning gambling service, which has an interesting tactic in its playbook — women, did you know that potentially acquiring a gambling problem isn’t just for men?
📽 THE SILVER SCREEN
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