|
|
Week in Review
Advertising
- Facebook Inc. is considering banning political ads in the period right before the November election, although the decision has not been finalized, according to people familiar with the company’s thinking.
TikTok
- ByteDance Ltd.’s TikTok has officially rolled out its self-serve ad platform, offering small businesses $100 million in free ad credits, as the video-sharing social networking service looks to lure business away from other platforms.
Deals
- Uber Technologies Inc. has agreed to acquire Postmates Inc. in a $2.65 billion all-stock deal, bringing together the second- and fourth-largest U.S. food delivery services, trailing DoorDash Inc. in market share according to research reports.
- Civil rights activist and former NFL player Colin Kaepernick signed a production deal with Walt Disney Co., allowing Disney first dibs on new projects from his Ra Vision Media company including “scripted and unscripted stories that explore race, social injustice and the quest for equity” for Disney platforms such as ESPN.
- Sirius XM Holdings Inc. is approaching a deal to buy Stitcher Inc., the podcast company owned by E.W. Scripps Co., for around $300 million, according to people familiar with the matter. In addition to its podcast platform and networks, Stitcher has an advertising unit that sells ads for more than 250 podcasts, an important business segment as projections have U.S. podcast ad revenue reaching $863.4 million this year and more than $1 billion by 2021.
Retail
- Brooks Brothers Group Inc. filed for Chapter 11 bankruptcy, joining retailers including Neiman Marcus Group Inc. and J. Crew Group Inc. in the group of companies felled by the pandemic.
|
|
|
What’s Ahead
- Companies reporting earnings this week include PepsiCo Inc. on Monday, Delta Air Lines Inc. on Tuesday, Omnicom Group Inc. on Wednesday and Domino’s Pizza Inc. and Netflix Inc. on Thursday.
- Digiday’s Digiday+ Talks series continues with an event on how to reach consumers in Generation Z on July 14.
- The MozCon marketing conference will go on virtually July 14-15 this year.
- Disneyland was slated to reopen on July 17 after being shut down since mid-March due to the pandemic, but the reopening will be delayed as Disney waits for state guidelines for theme parks.
|
|
|
Events Calendar (All Times Local)
|
|
|
|
|
Morning Consult Brands Top Reads
1) The Mask Debate Isn’t Just About Saving Face. Adults Who Wear Them and Those Who Don’t Explain Why. Brian Yermal Jr., Morning Consult
2) The Facebook Boycott Is Big News in the Ad Industry, but Few Consumers Know a Lot About It Alyssa Meyers, Morning Consult
3) Walmart’s Amazon Prime competitor will launch in July Jason Del Rey, Vox
4) When Will Consumers Feel Safe Again? Alyssa Meyers, Morning Consult
5) NBA Approves 29 Social Justice Statements For Player Jerseys Bruce Haring, Deadline
6) Pier 1 May Be the Saddest Story of This Bankruptcy Boom Rob Walker, Marker
7) TikTok’s ad launch faces challenges from U.S. ban threat, hoaxes Sheila Dang, Reuters
8) How the Pandemic Has Altered Expectations of Remote Work Morning Consult
9) How TikTok Users Boosted the NSFW Film ‘Love’ From 2015 Into Netflix’s Top 10 J. Kim Murphy, Variety
10) Facebook, Google Ad Market Rebounds From April Bottom Nick Bastone, The Information
|
|
|
|
|