Posted by Mark J. Miller on September 4, 2014 02:51 PM
While some media companies have had difficulty finding subscribers or an audience, let alone investors or buyers (Time Inc., anyone?), Vice Media, the fearless Canadian crew that convinced basketball legend Dennis Rodman to to hang out with North Korea's Supreme Leader Kim Jong-un, is growing—in both revenue and popularity—in epic proportions.
The company is now valued at more than $2.5 billion after it landed back-to-back investments, worth $250 million, from Silicon Valley firm Technology Crossover Ventures and A+E Networks. This comes on the heels of news last week that Time Warner had been trying to invest in Vice but couldn’t work out a deal.
For comparison's sake, the New York Times points out that BuzzFeed was valued well below Vice at $850 million when a recent $50 million investment came its way.Continue reading...
Posted by Dale Buss on August 26, 2014 09:37 AM
Burger King finalizes deal to buy Tim Hortons for about $11 billion, with explicit help of Warren Buffett, and will test portfolio approach to brands.
Amazon buys Twitch Video for $970 million to rival YouTube and eyes expansion in online-ad market.
Best Buy tops financial predictions as realignment starts to pay off.
Emmys sees HBO, CBS and PBS score most wins. as telecast gets tepid reviews.
Blue Buffalo gets slapped by National Advertising Division over pet food claims.
MORE BRAND NEWS
Arby's pursues younger customers.
Buffalo Wild Wings invests in taco concept.
Century 21 partners in videos with cleaning expert.
Chevrolet and Buick achieve sole gains among auto brands in new customer-satisfaction survey.
Estee Lauder expands breast-cancer awareness to year-round campaign.Continue reading...
video killed the _____ star
Posted by Sheila Shayon on August 11, 2014 11:33 AM
Notoriously passive aggressive Netflix CEO Reed Hastings took to Facebook last week to announce the streaming network's latest milestone: with $1.146 billion in subscriber revenue, Netflix has officially passed HBO.
"They still kick our ass in profits and Emmy's, but we are making progress. HBO rocks, and we are honored to be in the same league," Hastings wrote.
The streaming king can attribute its most recent success to the brand's wildly successful original series, including "House of Cards" and "Orange Is the New Black," the most-watched show ever. The network also recently announced a new season of "Arrested Development," as well as five new series based on Marvel characters, a comedy special, docu-series and talk show starring Chelsea Handler, and the debut of the brand's first adult cartoon later this month.
The major investment in more shows makes sense, as nearly three-quarters of titles viewed by Netflix subscribers are TV series. But while Netflix may finally be making significant gains against HBO, its main competitor, Amazon's Prime Instant Video, is growing at a more rapid pace.Continue reading...
Posted by Dale Buss on August 7, 2014 09:28 AM
Google rewards encrypted sites in search as it joins forces with Barnes & Noble to take on Amazon same-day delivery, now expanding to six more cities. Amazon, meanwhile, found to play favorites with brands in new L2 omnichannel retail report.
Bank of America nears $16 billion to $17 billion settlement with US Justice Department on pre-crash mortgage misconduct.
Deutsche Telekom rejects Iliad bid in the wake of failed Sprint/T-Mobile deal.
Budweiser hypes Bud Light Party Town content campaign with Whatever, USA news reports with The Onion.
Chrysler CEO Sergio Marchionne takes shot at robust supplier profitability as company taps comedians for Dodge Dart campaign.Continue reading...
Posted by Dale Buss on August 5, 2014 09:16 AM
Gannett buys out Cars.com for $1.8 billion and separates broadcasting and publishing businesses via latest US media spinoff.
Rupert Murdoch's 21st Century Fox withdraws bid for Time Warner.
Walgreens reportedly capitulates to critics and will remain US-based following $16 billion merger with Alliance Boots.
Xiaomi passes Samsung as China's top smartphone maker.
Vitaminwater struggles over use of stevia as Coca-Cola shifts formulas.
Samsung takes stance on child labor as it takes golf fans behind the tournament.
MORE BRAND NEWS
adidas boosts marketing spending especially in the west.
Aflac invents the downward duck:Continue reading...
Posted by Dale Buss on August 4, 2014 09:22 AM
GM looks for alternative supplies in China after deadly factory blast.
Target taps PepsiCo exec Brian Cornell for CEO role.
eHarmony wants to find the perfect job match for you too.
Jeep comes under fire in WSJ investigation into recalled vehicles.
McDonald’s plans to restore full menu in China this week.
MORE BRAND NEWS
5-Hour Energy hits back at scientist’s claims that it is ineffective.
Acura looks to all-wheel drive to help recoup sales.
Aereo sees court nix request for “emergency” authorization to resume service.
Air New Zealand shares its social insights:Continue reading...
Posted by Shirley Brady on July 4, 2014 10:48 AM
BBC veteran family entertainer Rolf Harris jailed for sexually abusing minors as News Corp. sees former News of the World editor sentenced in phone hacking trial.
Apple poaches Tag Heuer sales exec ahead of iWatch launch.
Moshi Monsters launches walled garden social network for kids called Popjam.
YouTube does U-turn over blocking independent music labels.
US privacy watchdog files FTC complaint over Facebook psychological research.
MORE BRAND NEWS:
Amazon gets caught up in EU tax crackdown.
Berkeley, CA, readies America’s first soda tax.
Bitcoin faces backlash as EU tells banks to steer clear.
Bonobos lands $55 million in backing to open brick and mortar stores.
Canada’s CRTC receives deluge of complaints following anti-spam law.Continue reading...
Posted by Shirley Brady on June 19, 2014 08:52 AM
Harley-Davidson unveils first electric motorcycle with Project LiveWire experience tour of America's fabled Route 66.
T-Mobile is offering free music streaming via Rhapsody, Spotify and Pandora, and loaner iPhones for a week to test its network.
Lego mixes bricks with clicks for Lego Fusion.
American Apparel ousts controversial CEO Dov Charney.
Yo one-word messaging app, designed in eight hours, raises $1 million in funding.
MORE BRAND NEWS
AMC’s The Walking Dead producer accuses Game of Thrones network HBO of promoting piracy.
Bridgestone signs on as top Olympic sponsor.
Feed the Children has a new logo.
Google touts search ads for lifting brand awareness.
Haggar bets on vintage fashion to revitalize brand.Continue reading...