The NWSL has terminated its media rights agreement with Victory+, a streaming platform, due to unfulfilled payments, The Athletic reports. The partnership lasted less than a year. Starting this Sunday, every game scheduled to air on Victory+ will stream free on NWSL+.

Slipstream, a music licensing platform, has acquired the production portfolio of Anthem Entertainment, a music rights company based in Toronto, Billboard reports. This will add over 650,000 music tracks to Slipstream’s catalog. As part of the transaction, Anthem Entertainment will invest in Slipstream. The deal will make Slipstream “the largest global independent music licensing platform.”

Reddit saw its Q2 revenue leap by 61% to $805 million, surpassing estimates of $730.4 million, Reuters reports. But it experienced uneven search-engine traffic, affecting U.S. user growth. "Search referrals were choppy in the quarter, and traffic was more volatile later in the quarter, but the bigger picture is unchanged: the commercial business is strong," said Steve Huffman, co-founder and CEO, in a letter to shareholders.

Hearst is acquiring Disney’s 50% stake in A&E Global Media, the cable programmer jointly owned by the two firms, in a $1 billion transaction, Variety reports. The deal, through which Hearst assumes total control over A+E, is expected to be finalized next week and formally announced when Disney releases its quarterly earnings on August 5.

Netflix is automating ad buying and introducing new artificial intelligence tools in a bid to attract smaller advertisers, Merca 2.0 reports. Automation will reduce the barriers that have limited access for small and medium-sized firms. These advertisers can use predefined parameters such as budget, audience, campaign duration and marketing objectives to automatically purchase advertising. Netflix hopes to double its ad revenue in 2026 YoY for a total of roughly $3 billion. 

Microsoft’s Xbox is testing a way for users to stream games for free by watching ads instead of paying for a Game Pass subscription, Business Insider reports. This not the first time Xbox has tested ads, but this attempt is more serious and shake up the gaming ad market. There is no word yet on formats and brands. 

Comcast is addressing the recent loss of broadband subscribers with generous offers, The Street reports. The company lost 167,000 U.S. customers and suffered a 5.5% revenue decline YoY in the second quarter of 2026. It also lost customers after raising prices on its Xfinity services last year. Comcast is counting on its converged wireless and internet services, which offer monthly discounts.

The Wall Street Journal has hired Samantha Henig as head of multimedia, a newly created title, effective September 8, Talking Biz News reports. Henig will oversee the Journal’s audio and video departments, while reporting to Aja Whitaker-Moore, deputy editor in chief. Maral Usefi, head of video, is departing the Journal and the video team will report to Whitaker-Moore in the interim.

The Hollywood Press Association (HFPA) has sued Penske Media, charging that Penske plans to monopolize the awards market and to that end fraudulently acquired the Golden Globes, The Hollywood Reporter reports. The HFPA alleges that Penske leveraged its control over the Hollywood trades to instigate a boycott of the group and make it vulnerable to acquisition. The suit asks for at least $150 million. Penske owns The Hollywood Reporter, Variety, Rolling Stone and other publications.  

BuzzFeed is cutting 35% of its workforce following its takeover by Allen Media, KHQ reports. About 180 jobs will be eliminated from the staff of around 500, including positions in its HuffPost and Tasty divisions. The layoffs will save about $30 million per year, BuzzFeed says. BuzzFeed sold a 51% stake to comedian Byron Allen for $120 million in May.