Good Morning Media!

Research evidence excerpt

Good Morning Media!

Equity Research

Industry Update — June 24, 2026

Media

Our Call Steven Cahall

Good Morning Media! is our daily take on the relevant newsflow affecting the Media & Equity Analyst | Wells Fargo Securities, LLC

Steven.Cahall@wellsfargo.com | 212-214-8240

Cable sectors.

Omar Mejias

Equity Analyst | Wells Fargo Securities, LLC

Better by the day. ByteDance unveiled Seedance 2.5, a major upgrade to its AI video- Omar.Mejias@wellsfargo.com | 787-370-9353

generation platform that can reportedly create continuous 30-second videos in a single Wojtek Majerczak

pass while supporting up to 50 multimodal reference inputs. The model also introduces Associate Equity Analyst | Wells Fargo Securities, LLC

stronger scene consistency, localized editing and expanded cinematic controls, with Wojtek.Majerczak@wellsfargo.com | 212-214-5480

Seedance 2.0 simultaneously upgraded to native 4K output. The model will release next

month in China, with other countries not yet announced. (Source: CNET)

PSKY gets the EU greenlight. Brussels is set to approve PSKY's $111bn takeover of

WBD if the company accepts remedies still being negotiated with EU antitrust officials.

One fix could require PSKY to exit its Universal Pictures international distribution JV. DOJ

approval is already in hand, leaving the EU review - with a July 7 deadline and separate

foreign-subsidy scrutiny tied to Saudi/UAE-backed financing - as a key remaining hurdle.

(Source: Financial Times)

Ad Sequels, Not Reruns. OMC and DIS are teaming on a CTV ad tool that lets brands

serve sequential creative across VOD and live sports/entertainment instead of repeating

the same spot. The solution combines DIS’s Audience Graph, Acxiom identity, Innovid