DIRS.INFO The most relevant business & tech news

☆ Disney's Bob Iger may be celebrating today after Nelson Peltz's latest move
▼ + stars: | 2024-05-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Billionaire Nelson Peltz is no longer an investor in Disney. Peltz fought a pricey proxy battle with Disney CEO Bob Iger over its board but lost. He's now sold all his Disney shares, which marks the likely end of the power struggle. AdvertisementBillionaire hedge fund founder Nelson Peltz has sold his stake in The Walt Disney Company after losing a pricey proxy battle with CEO Bob Iger. Peltz, the activist investor who founded Trian Partners, once controlled about $3.5 billion in Disney stock.

Persons: Nelson Peltz, Peltz, Bob Iger, He's, —, Jay Rasulo Organizations: Disney, Service, Billionaire, Walt Disney Company, Trian Partners, The New York Times, Business

Learn moreThe NBA's Western Conference Finals continue, and possibly conclude, tonight with Game 5 of the Dallas Mavericks vs. Minnesota Timberwolves match-up. Below, we've outlined everything you need to know about how to live stream the Mavericks vs. Timberwolves game, along with some help to watch it if you're away from the US right now. How to watch Mavericks vs. Timberwolves in the USThe Mavericks vs. Timberwolves Game 5 will air on Thursday at 8:30 p.m. The cheapest way to watch the game is through Max, which live streams several sports through the service's B/R Sport Add-on. Shop at SlingHow to watch Mavericks vs. Timberwolves from anywhereThose traveling outside the US during the game can keep up with their subscriptions by using a VPN (virtual private network).

Persons: Max, we've, ExpressVPN Organizations: Business, Dallas Mavericks, . Minnesota Timberwolves, Mavericks, Timberwolves, Wolves, NBA, Boston Celtics, Eastern, US, TNT, ESPN, Sling

☆ Amazon is hunting for more brand collaborations with a slew of new exec appointments. Read the full memo.
▼ + stars: | 2024-05-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Read previewFresh off bringing ads to Prime Video, Amazon is looking for more ways to get brands involved in its original TV shows and films. The company also made several other appointments to develop projects that are funded by or focused on brands and work on integrating ads into Prime Video entertainment. AdvertisementHer future role at Freevee had been the subject of internal speculation after Amazon added advertising to Prime Video. With this in mind, I am pleased to share that Lauren Anderson's remit is expanding to support those efforts for Amazon MGM Studios. Finally, Lauren will continue her oversight of Amazon MGM Studios 1P FAST Programming delivered to Prime Video and Freevee.

Persons: —, execs, Lauren Anderson, Anderson, Freevee, James Marsden, hasn't, Vernon Sanders, Lauren Anderson's, Lauren, Christel Miller, Jenny Falkoff, Alysia Russo, Benoit Landry, Benoit's, Justin Holt, Justin, Claudine Atout, Traci Blackwell, Kara Smith, Vernon Organizations: Service, Amazon MGM, Business, Prime, Amazon MGM Studios, Brands, Hulu, Marriott, MGM Studios, Studios, Amazon, Film, Ad, MGM, FAST

Activist investor Nelson Peltz has sold his entire stake in Disney , a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 dollars a share, the person said, making about $1 billion on the position. The exit comes weeks after Peltz's Trian Partners lost a proxy battle at Disney in early April as shareholders reelected the company's full slate of board nominees. Peltz had long taken issue with Disney governance. "We are proud of the impact we have had in refocusing this Company on value creation and good governance," Trian said in a statement following the April shareholder vote.

Persons: Nelson Peltz, Peltz, Peltz's Trian, Jay Rasulo, Bob Iger, Trian, Disney didn't Organizations: Disney, CNBC, Peltz's Trian Partners Locations: refocusing

Learn morePeacock is NBC's streaming service, making it the best choice for fans of "Brooklyn Nine-Nine," "New Girl," and this year's Olympics. New and returning subscribers can get a whole year of Peacock Premium for only $20. In our guide to the best streaming services, we recommend Peacock as the best service for NBC fans. AdvertisementHow to get the Peacock dealScoring this deal on NBC's Peacock is as easy as signing up and checking out. It's amongst the cheapest streaming services you can choose from at the moment — but keep in mind that this tier is ad-supported.

Persons: Peacock, NBC's Organizations: Business, NBC, Olympics, Recreation

☆ Activist Investor Nelson Peltz Is Said to Sell His Disney Stake
▼ + stars: | 2024-05-29 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

Nearly two months after losing an epic corporate battle to get on the board of the Walt Disney Company, Nelson Peltz is no longer an investor in the entertainment company. Mr. Peltz, the billionaire head of the hedge fund Trian Fund Management, controlled about $3.5 billion in Disney stock, a vast majority of it owned by Ike Perlmutter, a former chairman of Marvel Entertainment. Mr. Peltz has now sold his portion of those shares, a person familiar with the investment said, requesting anonymity to discuss confidential matters. By selling his shares, Mr. Peltz is seemingly removing a thorn in Disney’s side. Mr. Peltz, an activist investor, began criticizing Disney’s management under Robert A. Iger, the chief executive, early last year, pointing to the company’s streaming strategy, lagging stock price and succession planning.

Persons: Nelson Peltz, Peltz, Ike Perlmutter, Robert A, Trian Organizations: Walt Disney Company, Fund Management, Disney, Marvel Entertainment

☆ Stocks making the biggest moves midday: Abercrombie & Fitch, UnitedHealth, Netflix and more
▼ + stars: | 2024-05-29 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares popped 22% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Netflix — Morgan Stanley reiterated its overweight rating on the streaming stock, leading shares 2% higher. According to the firm, Netflix can see strong double-digit revenue growth that should extend beyond the benefits it is seeing from its paid-sharing initiative. ConocoPhillips , Marathon Oil — The oil company slipped close to 4% in midday trading following news that ConocoPhillips is acquiring peer Marathon Oil in a $17 billion all-stock deal. Other stocks also tied to the government-run health insurance program, namely Molina Healthcare , Elevance Health and Humana , also slid during Wednesday's trading session.

Persons: Netflix — Morgan Stanley, Dick's, Marathon's, HubSpot, CNBC's David Faber, Chewy, — CNBC's Brian Evans, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: Abercrombie, Fitch, Netflix, American Airlines, Dick's, LSEG, ConocoPhillips, Marathon, Google, HubSpot, Energy, UBS, Insurance, — Insurance, Molina Healthcare, Elevance, Humana

☆ Glen Powell said he almost went broke waiting for 'Top Gun: Maverick' to debut because Tom Cruise didn't want it on a streamer. Then it made $1.5 billion.
▼ + stars: | 2024-05-28 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewGlen Powell said his bank account was "depleting" while he waited for "Top Gun: Maverick" to arrive in theaters after Tom Cruise delayed the sequel during the pandemic. In an interview published in The Hollywood Reporter last week, Powell said he landed in financial difficulty after Cruise refused to release "Maverick" on a streaming service. AdvertisementCruise had faith in the film, which is why he wanted to ensure its theatrical release. According to Box Office Mojo, "Top Gun: Maverick" raked in $1.495 billion worldwide. Powell saw similar success with a theatrical versus streaming release with the recent R-rated rom-com, "Anyone But You," featuring Sydney Sweeney.

Persons: —, Glen Powell, Tom Cruise, Jake, Cruise, Val Kilmer, Miles Teller, Jon Hamm, Powell, I'd, Tom, Sydney Sweeney, Syd Organizations: Service, Business, Hollywood, Office

☆ Elisabeth Moss on Her Movie & TV Roles: 'the Handmaid's Tale,' 'Mad Men,' 'the Veil'
▼ + stars: | 2024-05-28 | by ( Samantha Rollins | ) www.businessinsider.com time to read: +12 min

I don't know. I don't know. Obviously, totally doable still, but I don't think it's necessarily a walk in the park by any means, and I don't think everyone can do it. The hardest one I ever did — there have been some really, really close runners-up — but it was a scene on "Handmaid's." I've known for a while how it was going to end, so I don't think I can say anything.

Persons: Elisabeth Moss, Moss, Sandra Bullock, Shirley, Imogen Salter, Yumna Marwan, Winona Ryder, Angelina Jolie, — Winona Ryder, Brittany Murphy, Winona, Angie, Brittany, I've, Clea, DuVall, Maddie Brewer, Mckenna Grace, Sydney Sweeney, I'm, Nick, we're, It's, Peggy Olson, Jordin Althaus, it's, haven't, —, you've, Robin Griffin, That's Organizations: Business, NBC, FX, ISIS, Columbia, Hulu

We have everything you need on where to watch a Sparks vs. Fever live stream tonight. ET / 4 p.m. PT on NBA TVHow to watch Sparks vs. Fever in the USThe Sparks vs. Fever game airs tonight at 7 p.m. You can watch NBA TV on a live TV streaming service like Fubo if you don't have cable. Shop at FuboHow to watch Sparks vs. Fever from anywhereIf you'll be traveling outside the US when the game airs, you can still tune in to your subscriptions using a VPN. Sign up for a live TV streaming package if you don't already have one.

Persons: Cameron Brink, Los Angeles Sparks, Caitlin Clark, Brink, Clark, It's, ExpressVPN Organizations: Business, Los Angeles, Indiana, Sparks, WNBA, NBA, PT, ION Locations: ExpressVPN

We'll show you everything you need to know about how to watch the Rangers vs. Panthers live stream for Game 4, including both cable and live streaming options. This will be the fourth Rangers vs. Panthers game in Round 3 of the 2024 Stanley Cup Playoffs. How to watch Rangers vs. Panthers in the USGame 4 of the NHL Eastern Conference finals will air on Tuesday at 8 p.m. While ESPN+ doesn't always simulcast ESPN games, this will be a viable option for Rangers vs. Panthers Round 3 games (even those that air on ABC). Shop at SlingHow to watch Rangers vs. Panthers from anywhereFor those traveling outside the US during the game, you can keep up with most of your subscriptions using a VPN.

Persons: they've, We've, There's, ExpressVPN Organizations: Business, Florida Panthers, New York Rangers, Eastern, Rangers, Panthers, Stanley, Vegas Golden Knights, The Rangers, NHL, NHL Eastern, ESPN, ABC, MLB, NFL, UFC, Hulu, Disney Plus, Sling

☆ The real reason behind Hollywood's miserable weekend
▼ + stars: | 2024-05-28 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Read previewThis weekend my family went to the movies, twice. This past holiday weekend was the worst Memorial Day showing Hollywood has seen in decades, with ticket sales down a staggering 40% from last year. One thing Hollywood is very good at is generating explanations for a flop — or in this case, multiple flops. (I paid $44.76 for the two Furiousa tickets I bought over the weekend at my local Alamo Drafthouse. I don't think movies or movie theaters are going away.

Persons: —, Max, Matthew Ball, Barbie, Oppenheimer, Tom Rothman Organizations: Service, Garfield, Hollywood, Business, Sony

☆ Bill Walton, one of basketball’s most eccentric characters, dies at 71
▼ + stars: | 2024-05-27 | by ( Jason Quick | ) www.nytimes.com time to read: +15 min

There was the satisfaction and appreciation of a team coming together to win the 1977 NBA title. The next day, before a Trail Blazers home game, Walton explained his emotions to a group of reporters. I regret the circumstances in which I left the Portland Trail Blazers’ family. “The Portland Trail Blazers deplore Bill Walton’s statement calling for the rejection of the United States Government. “And you are never the same again.”Related reading(Top photo of Bill Walton: NBA Photos / Getty Images)

Persons: Bill Walton, Walton, Adam Silver, Bill, Bill’s, Lori, Adam, Nate, Luke, Chris, ”, ” Walton, “, Ted Kulongoski, it’s, Jack Ramsay, Hank Delespinasse, Robert Parrish, Ricky Pierce, Eddie Johnson, Larry Bird, Kevin McHale, Steve James, Bird, Walton . Bird, James, ” James, Dave Twardzik, Tom Shanahan, don’t, Jack, Micki Scott, Patty Hearst, Walton’s, Herman Sarkowsky, Larry Weinberg, Harry Glickman, Bill Walton’s, Arthur Ashe, Kareem Abdul, Jabbar, Bill Russell, Muhammad Ali …, White, Hal Bock, …, Marty Glickman, —, Bill Walton's, Sir Isaac Newton’s, Fabricio Roberto, you’ve, Taylor, ” “ John Stockton Organizations: Fame, NBA, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Hall of Fame, Blazers, The Athletic, Trail Blazers, Celtics, NCAA, Memphis State, Florida State, Getty, Philadelphia, Portland, LA Clippers, Sixth, Walton, Athletic, Associated Press, Wilshire, FBI, Scotts, Symbionese Liberation Army, United, United States Government, National Basketball Association, “ Sports, The Associated Press, New York Knicks, Prime Ticket Network, NBC, ABC, CBS, FOX, ESPN, Turner Sports Locations: La Mesa, Calif, Portland, Oregon, “, Blazermania, Los Angeles, Vietnam, United States, San Francisco, Walton, Utah, America

☆ Netflix chief doesn't think AI programs are going to replace writers, actors, and directors
▼ + stars: | 2024-05-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMovie creatives and actors aren't going to lose their jobs to an AI program just yet, says Netflix co-CEO Ted Sarandos, 59. For several decades, the studios wouldn't license movies to television," Sarandos told The Times. Representatives for Netflix didn't immediately respond to a request for comment from BI sent outside regular business hours. AdvertisementMembers for both groups believed that cost-conscious studios could use AI to supplant writers and actors in their productions.

Persons: —, aren't, Ted Sarandos, Sarandos, Reed Hastings, Hastings, Greg Peters, Netflix didn't, AFTRA, OpenAI, Tyler Perry, Sora Organizations: Service, Netflix, New York Times, Business, Times, BI, Hollywood, Writers Guild of America, WGA, SAG

☆ Rafael Nadal: In possibly his last French Open appearance, Spanish star prepares to take on Alexander Zverev
▼ + stars: | 2024-05-27 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +2 min

CNN —It might be the last dance for the ‘King of Clay.’In what could be his final French Open appearance ever, Rafael Nadal is set to take on world No. 4 Alexander Zverev in the first round of the tournament on Monday. How to watchNadal and Zverev are currently scheduled in the third match of the day on Court Philippe Chatrier – Roland Garros’ showpiece venue – and the contest is slated to begin around 8:30 a.m. NBC and streaming service Peacock begin their Monday coverage of the French Open at 11 a.m. 2 Zverev, widely tipped as one of the favorites to win the tournament in Paris.

Persons: Clay, ’, Rafael Nadal, Alexander Zverev, Nadal, Zverev, Philippe Chatrier – Roland Garros, Peacock, Roland Garros, “, Boris Becker, Nadal’s, ” Organizations: CNN, ATP, ATP Tour, Tennis Channel, NBC, Eurosport, Warner Bros ., CNN Sport, Nadal Locations: Paris, Rome

Learn moreThe Boston Celtics vs. Indiana Pacers Round 3 Playoffs continue (and possibly conclude) with Game 4 tonight. We've put together all the details on where to watch Celtics vs. Pacers Game 4 live streams so that you don't miss a moment of the action. ET / 5 p.m. PT on ESPNWhere to watch Celtics vs. Pacers in the USCeltics vs. Pacers Game 3 will air on ESPN on Monday at 8 p.m. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for. Shop at SlingHow to watch Celtics vs. Pacers from anywhereThose traveling outside the United States during tonight's game can keep up with their subscriptions using a VPN (virtual private network).

Persons: We've, ExpressVPN Organizations: Business, Boston Celtics, . Indiana Pacers, Celtics, Pacers, Indiana Pacers, Boston, NBA, Eastern, ESPN, Sling, PT, US Celtics Locations: Boston, Indianapolis, United States

☆ What Happened to Our Ad-Free TV?
▼ + stars: | 2024-05-26 | by ( John Koblin | ) www.nytimes.com time to read: 1 min

Not long ago, streaming TV came with a promise: Sign up, and commercials will be a thing of the past. Netflix rose to streaming dominance in part by luring customers to an ad-free experience. Ads are getting increasingly hard to avoid on streaming services. One by one, Netflix, Disney+, Peacock, Paramount+ and Max have added 30- and 60-second commercials in exchange for a slightly lower subscription price. And the live sports on those services include built-in commercial breaks no matter what price you pay.

Persons: HBO Max, Max Organizations: Netflix, Amazon Prime, HBO, Disney, Paramount Locations: New York

We'll show you everything you need to know about how to watch the Indy 500 live stream. Keep reading to learn cable and live streaming options for the iconic race and how to use a VPN to access the UK's free Indy 500 live stream. How to watch the Indy 500 in the USThe Indy 500 will air on NBC and its streaming counterpart, Peacock, on Sunday in the US. Shop at Peacock TVHow to watch the Indy 500 in the UKIn the UK, the Indy 500 will air on Sky Sports F1 and NOW TV. How to watch a free Indy 500 live stream with a VPNSign up for a VPN if you don't have one.

Persons: we've, Josef Newgarden, We've, Peacock, ExpressVPN Organizations: Business, Indianapolis, Monaco, MotoGP Gran, Catalunya, Indy, Indianapolis Motor, NBC, Plus, Sky Sports, NOW, YouTube, Sky Sports YouTube Locations: Speedway , Indiana

Shop at Walmart What we like Check mark icon A check mark. Local dimming for excellent contrast controlCheck mark icon A check mark. Shop at Mattress FirmFor a full breakdown of mattress deals, check out our guide to the best Memorial Day mattress sales. Shop at Amazon What we like Check mark icon A check mark. Shop at Amazon Shop at Kohl's What we like Check mark icon A check mark.

Persons: we've, you'll, you've, fryer, Braun, Fryer, Ninja's, Ninja, Crisp, Pick, It’s, Max, Casper, Pillow, Topper, Allbirds Organizations: Business, Apple, Day, Samsung, Walmart, Samsung TV, Amazon Sony, Amazon Samsung, Amazon, DreamCloud Sealy, Amazon ., Shop, Ninja, Sony, JBL Bluetooth, Amazon Beats, Amazon Apple, JBL, Haven, Elm, Flyers Locations: Brooklyn, France, Chewy

☆ Morgan Stanley says these stocks show 'no sign of slowing down' into the summer
▼ + stars: | 2024-05-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

A slate of stocks — including a couple of notable winners — still have plenty more room to run this summer, according to Morgan Stanley. "Despite near all-time high, valuation remains attractive, especially when compared to more well known stocks," he wrote. Warner Music Group Analyst Benjamin Swinburne recently resumed coverage of Warner Music Group with an overweight rating and called the stock a top pick. Warner Music Group "In the past 18 months, the music industry has seen significant positive developments. Progressive "Despite near all-time high, valuation remains attractive, especially when compared to more well known stocks.

Persons: —, Morgan Stanley, it's, Morgan, Morgan Stanley's, Megan Alexander, Alexander, she's, Bob Jian Huang, Huang, Benjamin Swinburne, Swinburne, Price, DELL Organizations: Nvidia, CNBC, Dell Technologies, Hasbro, Body Works, Warner Music Group, Android, Warner Music, Warner, NVIDIA

How to watch Lady Gaga Chromatica Ball in the USLady Gaga's Chromatica Ball will premiere on HBO on Saturday, May 25 at 8 p.m. Shop at MaxHow to watch Lady Gaga Chromatica Ball in CanadaLady Gaga's Chromatica Ball will air on Crave in Canada. How to watch Lady Gaga Chromatica Ball in AustraliaLady Gaga's Chromatica Ball will stream on Stan in Australia. How to watch Lady Gaga Chromatica Ball in the UKAccording to a Warner Bros. release, the release of Chromatica Ball in additional territories (including the UK), are to be announced. How to watch Lady Gaga Chromatica Ball in other countriesLady Gaga's Chromatica Ball will be available to stream on Max in several countries in addition to the US.

Persons: Gaga's, Lady Gaga's, Gaga, Chromatica, we've, Lady Gaga, Gaga's Chromatica, Max, Stan, HBO Max, you'll, Lady Gaga's Chromatica, ExpressVPN Organizations: Business, Little, HBO, Dodger, Max, Warner Bros Locations: Los Angeles, Canada, Australia, America, Caribbean, Norway, Finland, Sweden, Denmark, Spain

We'll show you everything you need to know about how to watch the Mavericks vs. Timberwolves, including both cable and live streaming options. Keep reading to learn how to watch Game 2, and don't forget to bookmark our NBA Playoffs hub for information on future games. How to watch Mavericks vs. Timberwolves in the USThe Mavericks vs. Timberwolves game will air on Friday at 8:30 p.m. Shop at SlingHow to watch Mavericks vs. Timberwolves from anywhereIf you are traveling outside the United States during the game, you can still keep up with your subscriptions with a VPN. Sign up for one of the live TV streaming packages mentioned above.

Persons: Luke Dončić, Jaden McDaniels, they've, we've, Max, HBO Max, it's, ExpressVPN Organizations: Business, Dallas Mavericks, Minnesota Timberwolves, Mavericks, . Timberwolves, Timberwolves, Wolves, Western, Oklahoma City Thunder, US, TNT, HBO, Warner Bros Locations: Texas, Minnesota, United States

☆ Trump lawyer blasts 'The Apprentice' biopic in legal warning letter, calling it foreign election interference
▼ + stars: | 2024-05-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Read previewIn the 1970s, the lawyer Roy Cohn taught Donald Trump a simple playbook for political fights: attack, counterattack, and never apologize. Trump is employing that strategy on "The Apprentice," an independently produced biopic about him that premiered this week at the Cannes Film Festival. In a cease-and-desist letter, one of Trump's attorneys threatened to sue over the movie's release, calling it "direct foreign interference in America's elections." The letter warns that the movie's release in the United States would amount to "foreign interference in our elections." "The Movie, released six months before the November 2024 election, is directed at influencing the 2024 election by falsely defaming President Trump," he wrote.

Persons: —, Roy Cohn, Donald Trump, Trump, David Warrington, Sebastian Stan, Cohn, Jeremy Strong, US Sen, Joseph McCarthy, Ivana, Ali Abbasi, Gabriel Sherman, Abbasi, Strong, Joseph Stalin, Mao Zedong, Warrington, Sherman, Steven Cheung Organizations: Service, Cannes Film, Business, Trump, New, Communist Party, US, Warrington, Dhillon Law, Los Angeles Times, Hollywood, White House Locations: New York, American, Dublin, Warrington, United States

☆ Russia has figured out how to mess up Ukraine's crucial Starlink battlefield internet, report says
▼ + stars: | 2024-05-24 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Read previewRussia's jamming technology appears to be increasingly interfering with Elon Musk's Starlink service in Ukraine. AdvertisementBrian Weeden, the chief program officer for the nonprofit Secure World Foundation, previously told BI that Russia has struggled to disrupt Ukraine's Starlink service. Because Starlink satellites are closer to Earth, latency — the delay between a user's action and a network response — is shorter. According to The Times, Russia may have gotten better at interfering with the signal by using more powerful and precise jammers. AdvertisementThe outlet said Russians were purchasing the technology from foreign countries, including the US, before smuggling it to Russian troops in Ukraine.

Persons: —, Elon Musk's, Starlink, We're, Mykhailo Fedorov, Brian Weeden Organizations: Service, The New York Times, Business, 92nd Assault Brigade, The Times, Ajax, Times, SpaceX, World Foundation, Street, Ukraine's Ministry of Defense, Kremlin Locations: Ukraine, Russia

☆ Advertisers boost spending at retailers such as Walmart and Amazon as TV shrinks
▼ + stars: | 2024-05-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Global retail media ad spending is expected to more than double from $114.18 billion in 2023 to $233.89 billion in 2027, according to eMarketer. Retail media is expected to represent a larger percentage of digital advertising spending, which has begun to eclipse traditional media spending, growing from 18.9% of that segment in 2023 to 25.7% in 2027, according to eMarketer. "What we hear from brands most directly is they no longer wake up with a recipe to buy X amount of TV, X amount of social, X amount of digital. GSTV screens reach 115 million viewers per month across 49 states. "It's the new TV for mass reach advertising," said Mark Boidman, head of media and entertainment investment banking at Solomon Partners.

Persons: Sean McCaffrey, McCaffrey, Mark Boidman Organizations: Television, Facebook, Walmart, Kroger, WPP, Global, Brands, Solomon Partners Locations: eMarketer, It's

Search resuls for: "Streaming"

25 mentions found