Advertising
PubMatic Posts Record Revenues in First Post-IPO Quarter
Andrew Blustein, Adweek
Ad-tech firm is now valued at $2 billion.
Macy’s New Media Network Is A Growing Income Stream, Execs Say
Adrianne Pasquarelli, Ad Age
A Macy’s spokesman said the program is run through a specialized in-house advertising team, and includes targeted retail media such as website display ads and sponsored products, as well as offsite digital and physical media ads.
CCPA On The East Coast? Meet CDPA, Virginia’s Consumer Data Protection Act
Allison Schiff, AdExchanger
Some are calling the CDPA, which is the second comprehensive data privacy law in the United States, Virginia’s answer to GDPR or the East Coast version of the California Consumer Privacy Act.
Michael Bolton Wants You to Dump Robinhood in New Ad
Chris Eggertsen, Billboard
The commercial for rival online broker Public.com features a tailored version of Bolton’s Hot 100 No. 1 hit “How Am I Supposed to Live Without You.”
Media and Entertainment
AT&T nears deal with TPG to sell large minority stake in DirecTV, U-verse at $15 billion valuation
Alex Sherman, CNBC
AT&T has moved away from traditional pay TV in the past several years as it has centered its media strategy around HBO Max. DirecTV, U-Verse and AT&T TV Now are based around a linear TV business of broadcast and cable networks that is losing millions of subscribers a year.
Inside the new $65 million push from progressives to compete with conservative media
Theodore Schleifer, Recode
It’s called the Project for Good Information, and it raises big questions about the future of the information wars.
Data Reveals 40% of Disney+ Subscribers Are in the U.S.
Wayne Ma and Tom Dotan, The Information
Previously unreported internal data obtained by The Information shows just how reliant Disney is on the U.S. for subscribers, explaining why last week it ramped up efforts to make original shows in Europe.
Disney Keeps 80% of Streaming Revenue By Calling It ‘Home Video’
Gene Maddaus, Variety
For years, Disney has been keeping 80% of the revenue from older shows that it distributes to streaming platforms, leaving only 20% to be available to stars and other profit participants.
Social Media and Technology
Snap Says It’s On Tap To Generate 50%+ Revenue Growth For Years To Come
Allison Schiff, AdExchanger
At the company’s first investor day event on Tuesday, executives emphasized Snap’s focus on investing in its ad stack, expanding into new international markets and growing its advertiser base, including small and local businesses.
Meet The Company Making $31 Million A Year Helping Influencers Build Their Brands With Custom Merch
Alexandra Sternlicht, Forbes
Juniper, an ecommerce company, partners with influencers to manufacture merchandise to promote their brands.
Shopify and TikTok Take Social Commerce Global
Lisa Lacy, Adweek
What began as a U.S.-based partnership in October is now in 15 countries.
Apple’s App Sign-in Button Becomes Hot-Button Issue in U.S. Antitrust Probe
Josh Sisco, The Information
More and more iPhone apps are offering people the option of signing up by using information stored with Apple, adding to the array of quick sign-in formats that let people skip typing in their email address and other details.
PR and Marketing
Crocs just had its best quarter ever
Marc Bain, Quartz
Crocs had started to accrue a subversive sort of cool among teens even before Covid-19 came around. But in the pandemic, the shoes have also become the footwear of choice for millions of workers and students prioritizing comfort while they’re homebound.
Lowe’s earnings top estimates as same-store sales jump 28%, warns some DIY trends could fade
Melissa Repko, CNBC
Sales at its U.S. stores open at least a year and online grew by 28.6% in the quarter.
IHOP Appoints Kieran Donahue as New Chief Marketer
Richard Collings, Adweek
Her 20+ years of experience in the hospitality industry include stints at Marriott and Hilton.
Best Buy gives pandemic-related bonuses to employees amid company layoffs
Melissa Repko, CNBC
Along with other retailers, the company will offer a perk to those who get Covid-19 vaccines: Additional paid time off.
FAA orders inspections of some Boeing 777 engines after United fire
David Shepardson and Jamie Freed, Reuters
The Federal Aviation Administration (FAA) said on Tuesday it was ordering immediate inspections of Boeing 777 planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United flight on Saturday.
How corporate America leaves behind Black professionals
Erica Pandey, Axios
Across cities, companies and industries, Black professionals are underrepresented in the top jobs.
Valentino, Nike, Adidas Among Brands Speaking Out Against Anti-Asian Violence
Zoe Suen, Business of Fashion
In the wake of a surge in racism-motivated assaults against Asians in countries like the US and Europe, a growing number of fashion brands and retailers are taking a stand on social media.
Gucci Is Staying in Trump Tower
Jacob Bernstein, The New York Times
Tiffany and other luxury companies have stepped away from deals with the former president’s organization, but not Gucci.
McDonald’s Joins the Fierce Fight for Chicken Sandwich Supremacy
Julie Creswell, The New York Times
McDonald’s knows burgers. Its Big Mac is recognized all around the globe. But the Golden Arches is years behind its peers in developing a truly competitive chicken sandwich, much to the frustration of many of its franchise owners.
How Beloved Texas Grocer H-E-B Became the Ultimate Catastrophe Brand
Rob Walker, Marker
The chain continues to deliver in hurricanes, pandemics — and now energy grid meltdowns.
Estee Lauder to Pay $1 Billion for Most of Deciem Skin Care
John J Edwards III, Bloomberg
Estee Lauder Cos. agreed to pay $1 billion to boost its stake in Deciem Inc., giving the Canadian skin-care company an enterprise value of $2.2 billion as the cosmetics giant moves toward a full takeover.
Marriott Names Tony Capuano as New CEO
Craig Karmin, The Wall Street Journal
The 25-year veteran takes over after Chief Executive Arne Sorenson died last week.
Opinions, Editorials, Perspectives and Research
Burger King’s New Look Edges Out McDonald’s, New Poll Shows
Jessica Wohl, Ad Age
Ad Age-Harris surveys U.S. consumers on the updated packaging being introduced at the largest hamburger chains.
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