The U.S. Department of Justice and the FBI are reportedly investigating efforts by ByteDance Ltd.’s TikTok employees to use the app to surveil American journalists, including accessing location data and other private information. (Forbes) Meanwhile, the Chinese government is unlikely to agree to a forced sale of TikTok to a non-Chinese owner, signaling the app’s future in the United States may be clouded in uncertainty for an extended period. (The Information)
Live Nation Inc.’s Ticketmaster will provide ticket-holders for rock band The Cure’s upcoming U.S. tour with a partial refund after fans and frontman Robert Smith took to social media to call out “unduly” high fees tacked on to ticket purchases, which in some cases exceed the ticket price itself. It’s the latest in a string of fee-related controversies for the live entertainment giant. (Rolling Stone)
Twitch Chief Executive Emmett Shear announced he is stepping down after more than a decade at the helm of the live-streaming platform, which Amazon.com Inc. acquired for $970 million in 2014. President Dan Clancy will assume the CEO role effectively immediately. (TechCrunch)
Microsoft will integrate the technology behind ChatGPT into its workplace software, upgrading PowerPoint, Word, Excel and Outlook with new capabilities in its latest move to win the race toward automation and artificial intelligence across business products and advertising.
Ethical Capital Partners (ECP), a private-equity firm based on Ottawa, Ontario, Canada, announced that it has acquired MindGeek. Financial terms of the deal were not disclosed. ECP says it is managed by a “multidisciplinary team with regulatory, law enforcement, public engagement and finance experience.”
Colligan was prized as a key hire given her working relationships with filmmakers such as Martin Scorsese, Michael Bay, and J.J. Abrams to name a few. She was key behind the scenes in getting exhibition re-opened during the pandemic with proper Covid safety initiatives, and was instrumental in the Imax release of Christopher Nolan’s Tenet, the first tentpole to reopen theaters.
CEO Joel Anderson said on a call with analysts that the company is expanding its Five Beyond store-in-store concept. Over the last year, the company converted nearly 250 of its more than 1,300 stores to the new format, which offers items above the company’s signature $5 price point. The company will also open 200 stores in 2023.
After 18 months of hype, particularly in the world of advertising, we’re still not much clearer on what the metaverse will turn out to be. But, says Wunderman Thompson’s Emma Chiu, that doesn’t mean we should count it out.