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☆ Amazon's appearance at Upfronts highlights push beyond digital ads and into traditional media
▼ + stars: | 2024-05-15 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

But it's no longer just about digital ad dollars, and Amazon's inaugural presence at this year's Upfronts events is the clearest indication that the e-commerce giant is prepared to take on traditional media. Amazon's Prime Video and other streamers would historically be featured at Newfronts, which is digital media's take on Upfronts. This year, they're projected to spend roughly $18.8 billion on traditional TV ads during Upfronts, an increase of 1% from a year earlier, according to eMarketer. 1 question all of you asked was, 'When are you going to show ads on Prime Video?'" He showed how the business has evolved to include digital video ads on Prime Video.

Persons: they're, Cowen, Alan Moss, we've, Reese Witherspoon, Jake Gyllenhaal, Paul Kotas, We've, Kotas, we're, — CNBC's Lillian Rizzo, Alex Sherman Organizations: Meta, Google, Amazon, Disney, Comcast, Netflix, Google's YouTube, Prime, Revenue, National Football League, CNBC Locations: Amazon, U.S

☆ Saudi crown prince says he will keep 'sportswashing' as criticism of the practice grows
▼ + stars: | 2023-09-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

Call it whatever you want, we're going to get that one and a half percent," the crown prince said. The Saudi Public Investment Fund (PIF), an entity controlled by Crown Prince Mohammed, has backed Saudi soccer clubs and LIV Golf. The LIV Golf merger with the PGA Tour has faced widespread scrutiny. Key U.S. lawmakers have criticized the pending golf merger as an attempt by the kingdom to distract from its human rights record. Prior to the deal, LIV Golf sued the PGA Tour for alleged anticompetitive practices, which prompted the PGA Tour to countersue, saying LIV Golf was stifling competition.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Prince Mohammed bin Salman, sportswashing, I'm, Critics, Jamal Khashoggi, Cristiano Ronaldo, Dustin Johnson, Bryson DeChambeau, LIV Golf, Crown Prince Mohammed, LIV, Osama bin Laden, It's, Sen, Richard Blumenthal, Conn, Jimmy Dunne, Ron Price, Price, Benjamin Freeman, — CNBC's Lillian Rizzo, Chelsey Cox Organizations: Saudi, Saudi Arabian Crown, Partnership, Global Infrastructure, Fox News, Washington Post, Neymar, PGA Tour, Saudi Public Investment Fund, Crown, Reuters, PGA, Key U.S, Homeland Security, Governmental Affairs, Tour, Quincy Institute, Responsible Locations: Saudi Arabian, New Delhi, India, Saudi, Europe, Saudi Arabia, Key, Yemen

☆ Roku will air Formula E races as part of the streamer's first live sports deal
▼ + stars: | 2023-06-27 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +3 min

Roku will become the U.S. streaming home of Formula E, the electric vehicle-powered auto racing series, with both live and on-demand replays of races. Starting with the upcoming season, the Roku channel will host 11 ABB FIA Formula E World Championship races, it said in a press release. Beginning in January, five races will also air live on CBS and simulcast on Paramount+, which will be accessible through Roku. Debuting at the Olympic Park in Beijing in 2014, Formula E's races take place worldwide, and the first fully electric racing series currently features 12 teams and 24 drivers. Last year, the company said races reached a record high of 216 million live viewers, up 10% from the previous season.

Persons: Roku, Aarti Dabas, — CNBC's Lillian Rizzo Organizations: Formula, CBS, ABB FIA Formula, Paramount, Formula E, Netflix, Research, Disney, ESPN, Comcast, NBA, Turner Sports, CNBC Locations: U.S, Portland , Oregon, Beijing

☆ Fox News apologizes to judge in defamation case for failing to disclose Rupert Murdoch's role at the network
▼ + stars: | 2023-04-16 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Fox News apologized to the Delaware judge presiding over the Dominion Voting Systems' lawsuit for failing to properly define Fox Corp. Chairman Rupert Murdoch's formal role at the network, according to a letter filed with the court. "We understand the Court's concerns, apologize, and are committed to clear and full communication with the Court moving forward," Fox attorney Blake Rohrbacher wrote in the letter Friday. Dominion Voting Systems brought its defamation lawsuit against Fox and its TV networks, Fox News and Fox Business, in March 2021, arguing its hosts pushed false claims that Dominion's voting machines were rigged in the 2020 presidential election that saw President Joe Biden triumph over former President Donald Trump. Delaware Superior Court Judge Eric Davis expressed frustration with the network Tuesday for its failure to accurately disclose Murdoch's leadership role there. Fox lawyers had repeatedly claimed Murdoch did not have an official title at Fox News, only to later reveal that he serves as the Fox News Executive Chair.

☆ Stephanie McMahon steps down as WWE co-CEO as her dad, Vince, returns as executive chairman
▼ + stars: | 2023-01-10 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

LAS VEGAS, NEVADA - JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company's executive chairman. Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince retired amid allegations of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company. "I'd like to express my full support for Stephanie's personal decision," Vince McMahon said in a statement Tuesday.

Netflix founder and co-CEO Reed Hastings said Wednesday he was slow to come around to advertising on the streaming platform because he was too focused on digital competition from Facebook and Google . "So Google and Facebook were going to mop up the world — and they have in non-TV advertising." Advertisers were "desperate" for avenues in connected TV and internet, Hastings said, but Netflix was still on the sidelines. "We didn't have to steal away the advertising revenue. There are also free streaming services, such as Paramount's Pluto and Fox Corp.'s Tubi, which make revenue solely through advertising.

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