Disney’s fiscal Q3 earnings and full year projections have topped expectations, with its Streaming and Parks businesses leading revenue streams. Operating income from streaming hit $346 million for the quarter, a significant increase over the same period last year. Disney ended Q3 with 183 million Disney+ and Hulu subscriptions, an increase of 2.6 million from Q2. Overall, revenue was up 2.1 percent to $23.7 billion for the three-month period ending June 28. In addition, the company announced that it plans to integrate Hulu into Disney+ for a new streaming app to be available next year. Read more

Roku has launched Howdy, an ad-free U.S. SVOD service that will cost $2.99 per month for access to a catalog of nearly 10,000 hours of entertainment from inaugural partners Lionsgate, Warner Bros. Discovery and FilmRise, as well as select Roku Original titles. “Priced at less than a cup of coffee,” Howdy is “meeting a real need for consumers who want to unwind with their favorite movies and shows uninterrupted, and on their terms,” said Roku founder and CEO Anthony Wood who feels people are willing to pay to avoid ads even though many ad-supported streaming services are available free. Read more

OpenAI is releasing two lower-cost, open-weight reasoning models in an effort to be more competitive with Meta, Mistral and DeepSeek and they will be the first OpenAI models available from Amazon. The new offerings — gpt-oss-120b and gpt-oss-20b — will be among the model choices on AWS’s Bedrock and SageMaker AI services. Both models are said to be well-suited for agentic use. The gpt-oss-120b model performs comparably to OpenAI o4-mini on core reasoning and can run on a single 80GB GPU. The gpt-oss-20b model is compared to OpenAI o3‑mini and can run on edge devices with just 16GB of memory. Read more

OpenAI has reportedly secured another $8.3 billion in funding, for a valuation of $300 billion. The new investment is a major coup for the firm, coming months ahead of schedule in its plan to secure $40 billion in funding by the end of the year. The company previously secured a $30 billion commitment from SoftBank if certain goals are achieved by the start of 2026. The funding news comes as ChatGPT is close to reaching 700 million weekly active users, including a significant jump in new users over the last several months. The company has also experienced an increase in paying subscribers as more enterprises and educators turn to AI. Read more

YouTube is testing a new collaboration feature that allows creators to link other users’ content to their videos, enabling recommendations to followers of each account as a means of driving visibility and engagement. Creators can tag collaborators, who must approve before their name and audience reach is added to the clip. In addition to a collective graphic, a designation along the lines of “and three more” appears next to the name of the host account holder. When clicked, the “more” opens to display the hot-linked channels that are collaborating. Instagram and TikTok already have similar features in place. Read more