Netflix is buying the studios of Warner Bros Discovery  

Netflix will also get HBOMax (but I can't see that sticking around long). Shareholders of WBD will get $23 in cash and $4.50 in shares of Netflix common stock, valuing the deal at $83 billion ($144 billion NZD). 

The TV networks that were part of the old Discovery company, plus the Warner Brothers networks like CNN, TBS, TNT, etc, are all moving to their own publicly listed company known at the moment as "Global Networks".  

This is of course all subject to regulators, not just in the USA but internationally too – Netflix already operates in 190 countries.  

 

NYT is suing AI startup Perplexity  

The suit alleges Perplexity has illegally copied and distributed The Times’ copyrighted content, including stories, videos, and podcasts. It uses this content to formulate responses to user queries. The Times says the AI also generates outputs that are “identical or substantially similar to” The Times’ content.  

Publishers have been suing new tech companies for a hundred years, starting with radio, TV, the internet, social media, and now AI,” said Jesse Dwyer, Perplexity’s Head of Communication. “Fortunately, it’s never worked, or we’d all be talking about this by telegraph.”   

  

Samsung launches the tri-fold phone  

Apple is a single screen phone, but there are rumours it's working on a foldable screen device to be announced next year. Samsung though says, 'hold my beer', and launches a tri-fold device with a 10 inch screen. That's in addition to the outer screen. Wild. If you want one, you'll need to buy it from Korea, China, Taiwan, Singapore, UAE, or the USA. The first-generation device won't be available in New Zealand.  

 

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