The rise of digital tech innovation will drive sports revenue boom, report states January 15, 2019 The global sports industry is on the brink of “unprecedented commercial growth” as digital technology innovation kicks in, according to a new report. Broadcasters, rights holders and sports organisations are set to see a huge boost in revenues thanks to the rise of new tech such as streaming platforms, esports and virtual reality (VR), a [...]
Facebook to invest $300m into local news around the world January 15, 2019 Facebook has said it will commit a further $300m (£233.5m) in funding for local news publishers globally over the next three years, with the first round destined for a selection of US organisations. The investment will be separated into two broad segments – supporting journalists and publishers in gathering news, and helping those newsrooms to [...]
Unlimited Group unveils alliance with German and Japanese agencies January 15, 2019 Digital marketing firm Unlimited Group today unveiled a new strategic alliance with international agencies in a bid to provide a global offering for its clients. UK-based Unlimited has signed an alliance with German ad giant Serviceplan and Japanese firm Hakuhodo to build joint teams offering a presence in all major markets. Read more: Brexit, ad fraud and [...]
World Federation of Advertisers sets up digital media taskforce to tackle fraud January 14, 2019 The World Federation of Advertisers (WFA) has created a global taskforce to tackle the growing problem of ad fraud and improve data transparency. The WFA today said it has assembled a team of top marketing executives tasked with addressing the key challenges facing digital media. Read more: Brexit, ad fraud and #MeToo – what does the [...]
Disney’s CEO Robert Iger earns stock award worth $149.6m in 2018 January 12, 2019 Walt Disney CEO Robert Iger earned $149.6m (£116.4m) worth of stock grants in 2018 after a successful year for the company. It includes awards related to Disney’s acquisition of TV and film assets from Twenty-First Century Fox, according to a regulatory filing released on Friday. Disney revealed that Iger’s remuneration package had risen 80.9 per [...]
Government considers ban on credit card gambling in bid to tackle addiction January 12, 2019 The government is considering a ban on the use of credit cards for gambling as part of a wider crackdown aimed at tackling betting addiction. The culture secretary, Jeremy Wright, has called on retail banks and bookmakers to meet to discuss the issue of people betting with money they do not have. The statement comes [...]
Facebook launches UK fact-checking programme to fight fake news January 11, 2019 Facebook today said it will roll out its fact-checking service in the UK to help deal with the fake news that has plagued its platform in recent years. The social media giant will work with fact-checking charity Full Fact to review and rate the accuracy of posts on its site. Facebook said the programme will [...]
Media group Haymarket sees profits fall as it looks to digital to boost revenue January 11, 2019 Magazine publisher Haymarket today reported a steep drop in profits as it looks to invest in technology amid a shift to digital revenues. The company posted an operating profit of £7.4m in the 12 months to the end of June, down from £16m the year before. Revenues also slipped from £173m to £164m over the [...]
Huge rise in number of UK design companies amid creative sector boom January 11, 2019 The number of design-related businesses in the UK has soared over the last decade amid a boom for Britain's creative industries. Since 2010 there has been a 70 per cent increase in the number of UK design businesses, well above the 27 per cent average across all sectors, according to new research by the Design [...]
Murdoch’s media empire stung by losses at The Sun and The Sun on Sunday January 9, 2019 Rupert Murdoch's media empire took a hit today as the publisher of The Sun and The Sun on Sunday saw losses widen last year amid a continued squeeze in the print market. News Group Newspapers reported a pre-tax loss of £91.2m in the year to 1 July 2018, an increase from £24m the year before. The [...]