Today's Must Read - Scale, Please: Vox Media Shares Post-Merger Plans For New York Media
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Today's Must Read
[Scale, Please: Vox Media Shares Post-Merger Plans For New York Media](
Vox Media and New York Media are merging to create a portfolio of brands so they can better compete against platforms and build diversified businesses at scale, the companies announced Tuesday. Vox Mediaâs unique monthly visitors, which range from 85 million to 90 million, will grow to 125 million⦠[More.](
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News Round Up
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ViacomCBS Vs. The World
ViacomCBS CEO Bob Bakish believes the key to winning the streaming wars is to unite ad supported products like Pluto with subscription video products. âThe cool thing about streaming in the context of ViacomCBS is it unites two strategies that were developed independent and are both driving growth,â Bakish said in an interview with Cheddar. âOn the Viacom side, we have the ad-supported free strategy in Pluto ⦠In parallel to that, you have CBSâ strategy, an SVOD strategy.â Pluto, whose active users have grown from 12 million to 18 million in the first half of 2019, will use its super low price of free to attract new customers, and will also provide a forum for ViacomCBS to move people to its subscription products. Bakish also emphasized ViacomCBSâ massive content library, which includes 140,000 television episodes and 3,600 movies. Thatâs all well and good, but ViacomCBSâ strategy sure is similar to its competitorsâ. [More](.
Shopping Queen
Is voice commerce on its way here? Today, most people engage with voice activated devices to do [basic tasks]( like set alarms and play music. But Amazon revealed Alexa is supporting âbillions of dollarsâ of transactions every year, excluding the revenue Amazon makes from selling its own products, Bloomberg reports. Voice has been slow to take off as a shopping mechanism for consumers, but RBC Capital Markets [predicts]( Amazon will add $10 billion in incremental revenue from voice shopping alone by 2020. Alexa is also growing up: It now supports 100,000 skills and integrates with 85,000 devices, said Dave Limp, head of Amazonâs devices and services business at a press event in Seattle on Wednesday. [More](.
Nike Gets In The Game
While most retailers are battling through a tough stretch, Nike reported better-than-expected quarterly revenue. In its earnings call, investors noted the sports apparel brandâs recent acquisitions in digital data and technology, CNBC reports. Nike has been [one of the first movers]( in a recent trend of retailers acquiring and investing in mar tech startups. Last month, Nike announced a deal for the inventory optimization tech company Celect, following its 2018 acquisition of Zodiac Metrics, a customer lifetime value analytics provider. âThe digital capabilities that weâre creating and investing in are really going to make us a better innovation company â understanding the consumer, serving the consumer, leveraging the innovation that we invest in,â Nike CEO Mark Parker told investors. âItâs all making us better.â [More](.
But Wait, Thereâs More
- [YouTube CEO: Spin-Off From Alphabet Wouldnât Benefit Consumers]( - The Information
- [Ad Network Head Cops To Role In $36M Online Fraud Scheme]( - Law360
- [Foot Locker Invests $3M In Video-Based Shopping App Ntwrk]( - WSJ
- [Google Experiments With Its Own Contextual Ads]( - Ad Age
- [Adform Announces Continuation Of MRC Accreditation]( - release
- [Apple Warns About Keyboard App Issues For iOS 13]( - MacRumors
- [Google Introduces Play Pass: App Gaming Without Ads Or Purchases]( - blog
- [How To Make The Most Of Appleâs New Privacy Tools For iOS 13]( - NYT
- [Freckle and Quan Media Group Partner On Outdoor Offline Attribution]( - release
Youâre Hired
- [Wunderman Thompson Taps Neil Dawson For Global CSO Role]( - Campaign
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