Toshiro Muto, who runs the Tokyo 2020 Olympics organizing committee, did not rule out a last-minute cancellation of the games, if the COVID-19 situation worsens, saying he would continue to watch infection numbers and have further conversations with organizers if necessary. A Tokyo 2020 spokesman added later that organizers were “concentrating 100% on delivering successful Games.” (Reuters)
AT&T Inc. is in talks to sell ad unit Xandr to Indian ad tech company InMobi, according to sources, who said the telecommunications giant mismanaged the unit and is losing tens of millions of dollars annually. Some sources said a $1 billion sale would be considered a success for AT&T, though people familiar with the company’s financials believe such an asking price is too high. (Axios)
Netflix Inc. projects it will add 3.5 million new subscribers in the third quarter, up from 2.2 million during the same time in 2020, despite signing up just 1.5 million new users globally in the second quarter. Netflix also laid out plans to add video games to the service, a new category aimed to attract nonsubscribers. (Variety)
Omnicom Group Inc. saw positive organic revenue growth for the first time since the pandemic began, reporting a year-over-year increase of 27.5 percent from $3.6 billion from $2.8 billion during the second quarter. Looking ahead, Chairman and Chief Executive John Wren said he predicts a rise in business activity for a wide range of sectors, including packaged goods and retail, and added that the holding company plans to hire more employees once new business comes in and clients start spending again. (Ad Age)
The interruptive nature of many advertisements is an obstacle for brands. When a user’s journey through a platform or an app is disrupted, the favorability they feel for the brand is negatively impacted.
There’s been an explosion in advertising and marketing tech deals this year, according to new data, a sign of life for a sector that not long ago was looking ready to crumble with the deprecation of third-party tracking cookies.
Kanye West has confirmed that his new album, “Donda,” drops on Friday. The release date was established during Game 6 of the NBA Finals on Tuesday within a Beats by Dre ad featuring track star Sha’Carri Richardson, which West scored and edited.
Maybe it’s the model. Or maybe it’s Marvel. Disney’s highly anticipated Marvel film “Black Widow” suffered a brutal blow at the box office this weekend, falling 67 percent compared to its opening weekend and dashing hopes at the company for a July hit.
The prisoner’s dilemma is a standard game theory situation often taught in business school. Comcast Chief Executive Brian Roberts and ViacomCBS chairman Shari Redstone are living it in real-time as they consider working together.
Vice Media’s plan to go public by merging with a special purpose acquisition company has stalled as the company struggles to raise additional financing for the deal amid questions about Vice’s valuation, according to people familiar with the situation.
Tucker Carlson has called the idea of vaccine passports the medical equivalent of “Jim Crow” laws. And other Fox News personalities have spent months both trafficking in anti-vaccine rhetoric and assailing the concept of showing proof of vaccination status.
YouTube viewers will soon have a new way to throw their support — and money — behind their favorite creators. A new tool called Super Thanks that lets you tip creators is now being tested on the platform.
Dov Lieber and Nick Kostov, The Wall Street Journal
Unilever PLC was engulfed in controversy Tuesday after its ice cream brand Ben & Jerry’s said it would no longer sell its products in Jewish settlements located in the Israeli-occupied West Bank and contested East Jerusalem.
McDonald’s is raising wages at its company-owned restaurants. It is also helping its franchisees hang on to workers with funding for backup child care, elder care and tuition assistance. Pay is up at Chipotle, too, and Papa John’s and many of its franchisees are offering hiring and referral bonuses.
Starting in August, Target customers will be able to walk into select big-box stores and buy premium brands of mascara, lipstick and hairspray that they typically only find at specialty stores or at the mall.
Longtime Disney film studio publicist Darrell Borquez has joined Shelter PR as the agency’s VP of publicity. Borquez, who spent 15 years at Disney, will work closely with Shelter’s personal representation and film and television departments.
Football took Julian Duncan to Dusseldorf and Saskatchewan. Nike and Under Armor brought him into sports marketing. The Jacksonville Jaguars placed him in the C-suite. Now, the Houston Rockets are bringing him home.
When he was 12 years old, Muhammad Ali—known then as Cassius Clay—was robbed of his treasured red Schwinn bicycle. When he reported the theft to the police, he told the officer that he wanted to “whup” the criminal in retaliation.
Robert St. John (Chef/Owner, New South Restaurant Group), Morning Consult
Restaurants and bars around the country have lines out the door as diners bask in the warm weather and join their long-lost friends to finally share a meal. But do not mistake crowded patios for a return to normal for the restaurant and bar industry. For America’s neighborhood restaurants and bars, the pandemic is far from over.
Bob Iger, outgoing chairman of The Walt Disney Co., is known to millions as one of the most admired executives in the world. Far fewer have heard of Zenia Mucha, but for Iger’s entire tenure at the helm of Disney, she has played a major part in crafting that smooth-as-silk image, and she has guarded it with Kraken-level ferocity.
Every two years, the summer and winter Olympics give the world a unique opportunity to come together—inspiring and exciting us, showcasing the best of the human spirit, breaking down borders, barriers and differences—all while celebrating the triumphs of people around the world.