Posted by Mark J. Miller on October 13, 2011 12:03 PM
Since the start of the global recession, plenty of companies have shut down, entered bankruptcy, or laid off a good chunk of their workforce. Yet, as the Financial Times points out, some corporations manage to continue funding large museums and exhibitions, such as Deutsche Bank’s sponsorship of England’s Frieze Art Fair.
Deutsche Bank is so steady that it didn’t seem to bat an eye earlier this year when Frieze decided to also throw a fair in New York and another one alongside the one that already sprouts up in London, the FT notes: Deutsche went ahead and sponsored both of them, too.
UBS sponsors Art Basel and Miami Basel; Unilever’s dollars are tied up in an annual commission at the Tate Modern. Other such brands as Converse, JP Morgan, Louis Vuitton, and Agnès B give as well. But despite these instances of corporate generosity, overall support for the arts by corporations has fallen 20 percent, according to a report cited by the FT.Continue reading...
Posted by Dale Buss on September 26, 2011 09:02 AM
Apple slows down growth in China and plans reveal iPhone 5 on its campus, as Verizon sides with Samsung in Apple dispute.
Arizona and Lipton fight for first place in dynamic tea category.
Audi and its new A6 "take over" Jersey City in new branded content with FX.
Blockbuster unveils streaming movie service as Netflix secures streaming deal with Dreamworks.
Bloomberg and Time shuffle web heads.
Boeing offers bidets and electric window shades on new Dreamliner for All Nippon Airways.
Bud Light pairs with Pitbull in pitch for Cuban-American consumers.Continue reading...
Posted by Dale Buss on September 21, 2011 09:01 AM
Pepsi returns to musical roots in spots for tonight's debut of The X Factor on Fox, while the UK version of the show copes with criticism over treatment of contestant. Meanwhile, analysts say that PepsiCo shareholders could reap big gains if the company executes a strategic split-up.
SABMiller gets Foster's to accede to a deal.
Burger King's post-King advertising clicks with consumers.
AOL needs Patch to turn a profit.
Apple schedules Oct. 4th press conference, presumably for iPhone 5 reveal.
CBS scores huge ratings for first episode of Two and a Half Men with Ashton Kutcher, including setting a Canadian TV record.
Chipotle sees strong growth potential from ShopHouse Asian eateries.
Chrysler seeks to keep lid on UAW pay through 2019.Continue reading...
Posted by Shirley Brady on September 20, 2011 05:21 PM
Visa leverages Fundamo unit to boost growth in emerging markets.
Google+ opens up to all and renames group messaging app, while Hangouts API could open social video and +1 function expands to display ads.
UBS grapples with corporate culture in wake of rogue trader.
Amazon nears Kindle Library Lending service launch.
Anthem Blue Cross drops customers who pay by credit card.
Apple iPhone 5 speculation for October continues as brand beats its own American Customer Satisfaction Index performance.
Bombardier signs John Travolta as a brand ambassador.
Comcast aims to bridge digital divide with low-cost broadband plan.
Disney plans to bring Avatar to its theme parks.Continue reading...
Posted by Dale Buss on September 19, 2011 09:01 AM
Disney sees Lion King 3-D dominate weekend box office.
Netflix separates movie-streaming and DVD-delivery services, renames DVD biz Qwikster; CEO says he "messed up."
AT&T and Coca-Cola set out to reinvent web audience measurement as Coke varies its bottle sizes.
Alfa Romeo delays U.S. return, spooking Fiat dealers who are counting on selling the brand.
Airbus raises forecast for aircraft demand.
AP launches mobile version of Sunday newspaper FSIs.
Blackstone teams up with Prestige Brands on GlaxoSmithKline unit bid.Continue reading...
Posted by Dale Buss on September 15, 2011 09:00 AM
UBS warns of big losses (up to $2 billion) on rogue trades, leading to employee arrest in London.
Esprit divests North American business as profit drops 98%.
Fast Retailing, parent of Uniqlo, sets big expansion plans (opening up to 300 stores/year) as brand that "represents" Japan.
Groupon plans to put IPO back on track.
Al Gore's 24-hour Climate Reality webcast irks some.
CBS CEO Leslie Moonves insists that TV ad market is holding up.
Crocs banned for nurses in Wales.
DuPont wins nearly $1 billion in damages in Kevlar-secrets case.Continue reading...
Posted by Dale Buss on August 23, 2011 09:29 AM
AEG Live sets to rival Ticketmaster.
American Express rewards small-business members for marketing.
Boeing taxis toward major deal with Delta.
Burger King faces post mortems on the death of the King.
Facebook seeks acquisitions to fend off Google.
Foster's moves to thwart SABMiller bid.Continue reading...
Posted by Shirley Brady on July 27, 2011 06:00 PM
Apple, Microsoft and Cisco lead Moody's richest companies list, while iPhone 5 anticipation grows.
Banks bracing for US downgrade don't see panic yet.
Dunkin' shares jump 46% on first day of trading.
LVMH now owns 20% of Hermes.
NBC faces objections to upcoming series about the Playboy club.
PayPal boycotted by hacktivists.
Samsung reigns as Android champion.
Spanx taps into women's gym wear popularity.
Starbucks Facebook strategy shows value of engagement.
UBS sued by US regulator over $4.5 billion of mortgages.