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☆ Disney just named 2 new top execs to advise on strategy and M&A as it considers its future: Read the memo
▼ + stars: | 2024-05-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Disney has appointed two senior executives to oversee corporate strategy as it considers the future of its linear business and contends with streaming losses. Veteran Disney exec Justin Warbrooke, meanwhile, was named EVP and head of corporate development, overseeing M&A as well as divestitures, among other areas. Mayer was Disney's EVP of corporate strategy and business development before going on to run strategy and the DTC and international businesses. As such, we are evolving the Corporate Strategy function to better align with this vision, which includes two leadership roles — one focused on Corporate Strategy and another focused on Corporate Development — both reporting directly to me. In addition to strategy, Andre has advised clients on the topics of operations, organization, customer journey design, and M&A.

Persons: Disney, Nelson Peltz, It's, Bob Iger, Bain, Andre James, Justin Warbrooke, James, Marvel, Hugh Johnston, Kevin Mayer, Mayer, Iger, Tom Staggs, —, Andre, Justin, Hugh Organizations: ESPN, Business, Veteran Disney, Coopers, Lybrand's, DTC, Century Fox, Disney, Media, Walt Disney Company, Corporate, Strategy, Development, of Media, Entertainment, Bain & Company, Consumer, Marvel, Reliance, Fox, Warner Bros . Discovery, Finance Locations: Hulu, India

☆ Virtual-reality concerts could redefine the live-music experience — but it'll take more time
▼ + stars: | 2024-03-13 | by ( Ngozi Nwanji | ) www.businessinsider.com time to read: +8 min

VR concerts have emerged as a creative outlet for artists such as Travis Scott and Teflon Sega. The enigmatic singer Teflon Sega, who performs as a virtual-reality avatar, also worked with Wave to put on a virtual concert in 2022. Why artists and fans are interested in VR concertsThe appeal of VR concerts lies heavily in their experimental nature. Sarah Malkin, the director of metaverse entertainment content at Meta, told BI that the virtual concerts served both creative and strategic purposes. Over three months, the artist's VR concert was available to watch at select theaters in different cities.

Persons: Travis Scott, —, Justin Bieber, John Legend, Calvin Harris, Victoria Monét, Jack Harlow, Jorja Smith, Sarah Malkin, AmazeVR, Megan Thee, Steve Lee, Malkin, Cat's, Jason Diamond, Diamond, Lee, There's, Amy Dorsey Organizations: Sega, Companies, Meta, Service, Business, Forbes, Wave, Meta Quest, VR, Sony Music, Diamond Bros, Detroit, Arris Composites, Apple Vision, Food and Drug Administration, Dorsey Pictures Locations: AmazeVR

☆ Wall Street is overreacting to new sports joint venture, says EW Scripps CEO
▼ + stars: | 2024-02-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

Local TV station owners including Sinclair, TEGNA and EW Scripps all saw their valuations plummet this week after Disney , Warner Bros. Discovery and Fox announced a new sports joint venture set to launch this fall. But Wall Street's reaction is overblown, according to EW Scripps CEO Adam Symson. This means consumers of the new bundle will be able to get their local news and sports from ABC and Fox. A spokesperson for the joint venture declined to comment.

Persons: Sinclair, TEGNA, Adam Symson, Symson, he's Organizations: Scripps, Disney, Warner Bros . Discovery, Fox, ESPN, TNT, CBS, NBC, ABC, wouldn't, CNBC, Affiliates, YouTube, Hulu, Live Locations: Phoenix, Detroit, Cleveland, Tampa

☆ Amazon's latest layoffs hit its Buy with Prime unit
▼ + stars: | 2024-01-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon is laying off about 30 employees in its Buy with Prime unit, CNBC has learned, as it continues to look for ways to trim costs. The cuts affect fewer than 5% of staff in the Buy with Prime division, Amazon said. Buy with Prime is a service that lets online stores offer the same two-day shipping benefits available to Prime subscribers. Amazon said it's assisting Buy with Prime employees who were laid off in finding new roles elsewhere within the company. WATCH: Amazon lays off hundreds of roles across Twitch, Prime Video and MGM Studios

Persons: we've, Santos, Peter Larsen, Amazon Organizations: CNBC, Amazon, Prime, MGM, Google, Xerox, Unity, Employees, MGM Studios

☆ I'm on track to sell $5 million in glassware this year, mainly on Amazon. Research, self-control, and careful planning got me there.
▼ + stars: | 2023-10-11 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

Dragon Glassware glasses. For a bit, I was also renting a warehouse space, but now I have my inventory delivered directly to an Amazon fulfillment center. Plus, I was already using Amazon Multichannel Fulfillment, so it made sense to turn on Buy With Prime as a channel. Dragon Glassware has generated more than $2.1 million in sales this year, and we project an additional $2 million to $3 million before the end of the year. Correction: October 11, 2023 — An earlier version of this story suggested Dragon Glassware was on track to make $5 million using Amazon only.

Persons: Matt Rollens, hadn't, I've, —, It's, we've, Barnes & Noble, that's Organizations: Amazon, Walmart, Prime, Multichannel, Barnes &, Mattel Locations: Sacramento , California, China, Maxx

☆ I'm on track to sell $5 million in glassware on Amazon this year. Research, self-control, and careful planning got me there.
▼ + stars: | 2023-10-11 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

I decided to call my brand Dragon Glassware. Dragon Glassware glasses. For a bit, I was also renting a warehouse space, but now I have my inventory delivered directly into an Amazon fulfillment center. I was an early tester of the new Supply Chain by Amazon product suite . Dragon Glassware has generated more than $2.1 million in sales so far this year, and we're projecting an additional $2-3 million before the end of the year.

Persons: Matt Rollens, hadn't, I've, —, It's, we've, Barnes & Noble, that's Organizations: Walmart, Prime, Barnes &, Mattel, LinkedIn Locations: Sacramento , California, China, Maxx

☆ CMO Insider's new advisory council includes marketing leaders from Mastercard, Sesame Workshop, Indeed and more
▼ + stars: | 2023-10-06 | by ( Julia Hood | ) www.businessinsider.com time to read: +2 min

CMO Insider, which launched in June, 2023, at Cannes Lions, introduces its first Advisory Council. The Council includes 10 marketing leaders from a range of brands including JLL, Sesame Workshop, BlueTriton Brands, and Accenture. The goal of the Council is to contribute insights and thought leadership to help CMO Insider grow into a holistic, multichannel resource for marketing executives. AdvertisementAdvertisementInsider is pleased to announce the inaugural CMO Insider Advisory Council. Meet the Advisory Council below, and feel free to email us ideas and questions to cmoinsider@insider.com.

Organizations: Cannes Lions, Council, Sesame, BlueTriton Brands, Accenture, Morning, The, CMO, Advisory Council

☆ Disney, Charter’s Spectrum deal will reshape media -executives
▼ + stars: | 2023-09-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

Disney also agreed to drop eight of its less-viewed networks, signaling the end of bloated cable TV bundles. Broadcasters could negotiate fees that included adding new cable TV channels. The new type of bundle deal combining traditional channels with streaming services provides a way forward for the media business. Pity the cable TV channels that few people watch, said one TV station group executive. Paramount Global has created numerous spin-offs of its main cable channels, with Nickelodeon siring five programming offspring, Nick Jr., Nick at Nite, TeenNick, Nicktoons and Nick Music.

Persons: Dado Ruvic, John Malone, Walt Disney, ”, Craig Moffett, “, you’re, Rich Greenfield, Jonathan Miller, Nick Jr, Nick, Nick Music, Moffett, Dawn Chmielewski, Kenneth Li, Josie Kao Organizations: REUTERS, Liberty Broadband, Charter Communications, Reuters, Disney / Charter, Disney, Broadcasters, Cable, P Global Market Intelligence, Netflix, Leichtman Research, Paramount, ESPN, FX, Integrated Media Co, Warner Bros Discovery, American Heroes Channel, Paramount Global, Nickelodeon, Nick, Thomson Locations: U.S, Greenfield, Los Angeles, New York

☆ Disney, Charter rates dispute spills over to TVs as ESPN, ABC go dark
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 1 (Reuters) - Disney (DIS.N) and Charter Communications (CHTR.O) traded salvos over their unresolved distribution agreement after channels like ESPN went dark on Thursday for customers of Charter's Spectrum cable service. Disney pulled ESPN, ABC and other cable channels off Spectrum, which serves giant markets like New York and Los Angeles, in the middle of U.S. Open tennis coverage. Charter flashed a message on screen that urged viewers to contact Disney. Charter serves more than 32 million customers in 41 states through its Spectrum brand, according to its website. Without a resolution, Charter customers will not have access to other live sporting events including college football, which just kicked off its season.

Persons: Brendan McDermid, salvos, Disney, Akanksha, Nivedita Bhattacharjee, Arun Koyyur Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Disney, Charter Communications, ESPN, Charter's, ABC, U.S, Cable, Thomson Locations: New York, U.S, Los Angeles, Bengaluru

☆ Amazon just poached a longtime Meta veteran to lead its growing adtech division
▼ + stars: | 2023-05-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Amazon Advertising has hired Kelly MacLean as its VP of its ad buying platform. MacLean, who joined Amazon late last month, previously spent more than 11 years at Meta. Amazon Advertising has poached a longtime Meta executive to lead a key adtech division, Insider has learned. The Amazon DSP uses automation to let advertisers buy ads on Amazon properties like Amazon.com, Twitch, and IMDb, as well as elsewhere on the web. The Amazon DSP recently underwent an overhaul that was 18 months in the making to improve its machine-learning and predictive algorithms.

☆ Here are the biggest winners from Bed Bath & Beyond's bankruptcy filing
▼ + stars: | 2023-04-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday after failing to raise enough money to stay in business. The company is asking a New Jersey bankruptcy court permission to auction its namesake and Buy Buy Baby brands. "Comments from BBBY suggest that if a buyer of the company does not emerge, management plans to gradually wind down operations. The company currently operates 360 namesake locations and 120 Buy Buy Baby stores. "We are hard-pressed to envision Wayfair shares moving appreciably higher until the company's business model showcases improved, broad-based fundamental momentum.

☆ Here are Wednesday's biggest analyst calls: Apple, McDonald's, Alphabet, Amazon, Tesla, Meta & more
▼ + stars: | 2022-12-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Citi reiterates Apple as buy Citi said it sees several reasons that Apple stock is likely trade higher. Jefferies names McDonald's a top 2023 pick Jefferies said the fast food giant is a top defensive idea for 2023. Jefferies downgrades Starbucks to hold from buy Jefferies said it sees a more "balanced" risk/reward outlook for the stock. Evercore ISI reiterates Alphabet as outperform Evercore lowered its estimates on the stock but said it's still "highly attractive" for long-term investors. UBS reiterates Nike as buy UBS said Nike's earnings growth potential is "underestimated" after the company's earnings report on Tuesday.

☆ Levi's names Kohl's Michelle Gass as next chief executive
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - Levi Strauss & Co (LEVI.N) on Tuesday named current Kohl's Corp (KSS.N) Chief Executive Officer Michelle Gass as the next CEO of the denim maker, succeeding long-time head Chip Bergh. Gass' departure from the struggling department store chain comes as activist investor groups push for management and board reshuffles, including a change of CEO. Gass will leave Kohl's in December to become president of Levi's early next year, and will take over as chief executive within the next 18 months. Kohl's said Tom Kingsbury, a director who was nominated by Macellum and Ancora last year, will serve as interim CEO from Dec. 2. Kohl's forecast third-quarter earnings of 82 cents per share, compared with analysts' estimates of 64 cents, according to Refintiv IBES data.

☆ Shopify's startup investments this year include millions into companies that focus on NFTs, Web3 apps, customer-engagement, and financial services
▼ + stars: | 2022-11-03 | by ( Madeline Stone | ) www.businessinsider.com time to read: +12 min

In its press release announcing the new funding, Wati said the investment was Shopify's first in a startup operating in Southeast Asia. The goal is to make Thirdweb's tools available to Shopify merchants who want to bring Web3 products and experiences to their online stores. Shopify recently participated in Gorgias' $30 million Series C round, which valued the startup at $710 million. According to the company, merchants using its technology report a 96% increase in sales on average. Flexport announced it had received a strategic investment from Shopify as part of its $935 million Series E on February 7.

☆ Shopify's latest fintech product looks to demystify sales tax rules that have grown increasingly complex for merchants and rivals like Amazon
▼ + stars: | 2022-10-12 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

The launch of Shopify Tax comes as collecting sales tax has grown increasingly complex for Shopify merchants — and for the company's e-commerce rivals, like Amazon. "The world of sales tax has gotten a lot more complicated," Lauren Stinson, a partner and national leader in sales and use tax at Cherry Bekaert, said to Insider. Sales tax rules reveal a key difference between Shopify and AmazonShopify's biggest rival, Amazon, didn't collect sales tax on its third-party marketplace sales for years. But new laws for marketplaces introduced over the last several years have changed Amazon's responsibilities regarding sales tax. Amazon — and other marketplaces like Etsy and Walmart — are now considered "marketplace facilitators," according to Diane Yetter, founder of the Sales Tax Institute and president of Yetter Tax, a sales tax consulting and education business.

☆ Walgreens Names Hsiao Wang as Next CIO
▼ + stars: | 2022-09-09 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +3 min

Walgreens Boots Alliance Inc. said Thursday it would appoint Hsiao Wang as its new chief information officer, as tech leader Francesco Tinto departs. Mr. Wang, most recently CIO of arts-and-crafts seller Michaels Cos., steps into the new role on Sept. 26. Walgreens has named tech veteran Hsiao Wang as its new CIO. Mr. Tinto became Walgreens CIO in September 2019, just months before the Covid-19 pandemic began. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team.

☆ The top 14 talent managers for YouTube creators and influencers who are shaping the future of digital media
▼ + stars: | 2019-10-09 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +3 min

We are highlighting 14 power players of talent management, based on who is successfully assisting creators in their digital businesses. YouTube creators are dominating the influencer space, with millions of followers and brand deals that earn them strong incomes. In this inaugural list, we are highlighting the top 14 YouTube talent managers who are assisting creators with their digital brands and businesses. These talent managers help their clients diversify their online brands and build lasting partnerships with companies through influencer marketing campaigns. "One core reason I think YouTube talent managers are important is due to the fact that most successful channels are run by young people," he said.

Persons: Reed Duchscher Organizations: YouTube, Business

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