Netflix lands Disney movie exclusive starting in September covering Pixar library too.
Snapchat raises financing for $20 billion valuation.
IN OTHER NEWS:
Abercrombie & Fitch hires Target and Victoria’s Secret execs as brand presidents.
Amazon eliminates blanket price-matching guarantee.
Angry Birds licensing takes wing for Rovio in wake of movie success.
Apple, Microsoft and Google own 23% of all US corporate cash outside of finance sector.
Belgium aims to rebrand two months after attacks.
Budweiser reprimanded by Irish advertising body over ads making UFC star heroic to youths.
Coca-Cola halts production in Venezuela due to sugar shortage.
Costco founder backs The Organic Coup, first USDA-certified organic quick serve restaurant.
Fiat Chrysler names new head of Alfa Romeo and Maserati.
Fitbit heart rate monitoring accuracy challenged by study.
GE partners with EY on industrial IoT.
Google‘s Paris office raided over tax fraud allegations.
IMAX partners with Google to develop a cinema-grade virtual reality camera, the IMAX VR.
L’Oreal, Unilever, Henkel compete for Vogue International shampoo-maker.
Lands’ End CMO parts ways with the apparel brand.
Nestle announces finalists in Creating Shared Value prize.
Peppa Pig is on track to be a $2 billion brand.
Reddit releases embed feature to share content across the web.
Suntory‘s Pepsi Strong gets ready to relaunch in Japan.
Toyota recalls 1.6 million US cars over Takata airbags.
Unilever CEO promotes gender equality.
Volkswagen to provide US update on emissions settlement talks.
World Bank eliminates “developing” and “developed countries” as categories.
Xiaomi drone will cost around $600.
Chanel taps Lily-Rose Depp as the face of N°5 L’EAU, the new N°5.
— CHANEL (@CHANEL) May 23, 2016
Procter & Gamble promotes #hairtruth campaign for African-American hair products.
Snickers Australia campaign pegs prices to level of users’ Internet rage.