The Media week,distilled.

Elon Musk has reportedly invested $1 billion into Skydance, a media company led by David Ellison that owns CNN and CBS News.

Amazon announced plans to invest over EUR160 billion in Germany during 2027.

Axel Springer CEO Mathias Döpfner has proposed a potential acquisition of TikTok's European operations.

Omnicom Group has secured the North American media account for Coca-Cola, covering the U.S. and Canada.

Elon Musk has invested approximately $1 billion into Skydance, a company led by David Ellison.

Also: 23 Oct — adweek.com

WPP has retained the global media account for Coca-Cola, while Omnicom has secured the company's North American media business following competitive reviews.

Getty Images filed for Chapter 11 bankruptcy in the United States on Wednesday, October 21, 2026, to facilitate a financial restructuring.

Legendary Entertainment has submitted a new $3.5 billion takeover offer for Lionsgate, according to a report published on October 20, 2026.

Actress Jessica Biel, who starred in the original '7th Heaven' series, confirmed that a reboot of the show is in development.

On October 23, 2026, Elon Musk's company released the first 7-minute AI-generated episode of 'The Odyssey' series on the X platform.

Amazon has rebranded its Kindle Unlimited subscription service to Kindle Plus, maintaining the monthly price of $11.99.

Amazon Prime Video has officially renewed the series 'Carrie', based on the Stephen King novel, for a second season.

HBO is developing a new television series centered on the DC Comics villain Poison Ivy.

Paramount+ has ordered an eight-episode series titled 'Voyage to the Bottom of the Sea' starring and executive produced by Daisy Ridley.

The 13th edition of the Sharjah International Film Festival for Children and Youth will take place in the UAE from October 26 to October 31, 2026.

Spotify is launching its new Memberships feature in 34 regions on October 20, 2026, allowing podcast creators to offer exclusive content and perks to fans.

Comcast reported its third-quarter financial results, highlighting the success of the film 'The Odyssey', which grossed nearly $1.9 billion worldwide since its July release.

Netflix Inc. reported third-quarter revenue of $12.9 billion, a 12% increase, while cutting 6% of its workforce in October 2026.

Comcast reported Q3 2026 revenue of $29.3 billion, a 6.1% decline compared to the same period in 2025.

Comcast reported its Q3 2026 earnings, highlighting that its media division revenue grew 13% to $5.4 billion.

Getty Images Holdings Inc. has initiated a prepackaged bankruptcy process in the United States as of October 2026.

Netflix reported $12.9 billion in revenue for the third quarter, a 12 percent year-over-year increase, while facing declining per-member viewing time.

Also: 21 Oct — variety.com

Netflix reported its third-quarter earnings on Tuesday, October 20, 2026, revealing a slower revenue increase and lowering its annual ad revenue forecast from $3 billion to $2.7 billion.

Spotify Technology SA reported its Q3 2026 financial results, showing revenue of €4.97 billion, which represents a 16% year-over-year increase but falls short of the €4.98 billion estimate.

The Spanish People's Party (PP) released a political campaign video using AI-generated deepfakes of individuals linked to the Socialist party, including the wife of Prime Minister Pedro Sánchez, Begoña Gómez.

A US court has ordered Donald Trump to appear for questioning in a $10 billion defamation lawsuit.

British activist Stephen Yaxley-Lennon, known as Tommy Robinson, is on trial in Manchester for allegedly harassing two MailOnline journalists, Andrew Young and Jacob Dirnhuber.

A woman testified at Southwark Crown Court that comedian Russell Brand raped her at his London townhouse in 2009.

A fourth accuser testified at Southwark Crown Court in London on Tuesday, October 20, 2026, alleging that actor Russell Brand violently assaulted her at the Capital Radio offices in the early 2000s. The incident reportedly occurred in the summer of 2004 or 2005.

Far-right activist Tommy Robinson, whose real name is Stephen Yaxley-Lennon, is on trial at Southwark Crown Court facing two counts of harassment causing fear of violence.

Far-right activist Tommy Robinson, also known as Stephen Yaxley-Lennon, is on trial at Southwark Crown Court in London for allegedly using intimidatory tactics against two MailOnline reporters, Andrew Young and Jacob Dirnhuber.

Comedian Russell Brand is on trial at Southwark Crown Court in London, facing charges of rape and sexual assault.

A study by the Pew Research Center indicates that only 8% of U.S. adults are using AI chatbots to seek information regarding the 2026 elections.

A study by the Pew Research Center published on October 23, 2026, indicates that 58% of U.S. adults now consider social media an important source for news.

Research by Searchable indicates that AI chatbots like ChatGPT and Google Gemini frequently bypass local news outlets in favor of official government and council websites when answering local queries.

The Pew Research Center released a report on October 19, 2026, examining the evolving landscape of how Americans consume news.

A report by the Pew Research Center indicates that a significant portion of Americans rely on social media platforms for news consumption.