London PR firm Powerscourt snapped up amid flurry of comms M&A activity October 11, 2023 US advisory business Morrow Sodali has bought London communications agency Powerscourt for an undisclosed sum, the companies confirmed today.
Netflix: Price hikes boost revenues October 10, 2023 Netflix subscriber growth in the UK is buffering but its sales rose 12 per cent last year after a rate hike.
London firm Powerscourt set to be snapped up in £50m deal October 10, 2023 London public relations agency Powerscourt is reportedly teetering on the edge of a sale to a US advisory firm in a deal which could be worth tens of millions. Powerscourt, which reps big name clients such as fashion retailer All Saints and gambling giant Entain, is set to bought by the US-based stakeholder advisory firm [...]
YouGov full year revenue surges as it mulls over listing destiny October 10, 2023 YouGov reported strong 2023 full year results, with revenue shooting up 17 per cent, as it continues to decide the fate of its listing location, currently on London's stock exchange.
Digital revenue dives for Mirror and Express publisher Reach October 10, 2023 Digital revenue was down 13.7 per cent for the owner of the Daily Mirror and OK! magazine, Reach, in its third quarter, as the group grapples with tepid advertiser demand. The publisher said the slide in digital was due to depressed open market yields and declining digital referral volumes, especially as Facebook de-prioritises news. Over [...]
Activist Nelson Peltz lifts stake in Disney as shares near decade low October 9, 2023 Activist investor Nelson Peltz has reportedly raised his fund’s stake in Disney and is eyeing multiple seats on the board for himself and his underlings. Trian Fund Managament, founded by billionaire Peltz in 2005, has increased its stake in the Mickey Mouse creator to more than $2.5bn (£2bn), according to a Wall Street Journal report [...]
LBC boss says commercial radio must ‘explore new avenues’ October 8, 2023 On its 50th anniversary, commercial radio is thriving, but the chief of a leading UK radio station has said it must stay on its toes if it wants to remain successful for another half a century. “The future of commercial radio should be continuously exploring new avenues and embracing creative approaches so we remain a [...]
Young people turning to Tiktok for financial advice as FCA weeds out bad actors October 8, 2023 Young people are increasingly turning to social media sites, such as Instagram and Tiktok, for financial advice, a new survey has revealed.
Spotify turns new page with audiobook deal to rival Amazon October 4, 2023 Spotify has inked deals with major publishers to bring audiobooks into its ever-expanding audio empire. Starting today, paying subscribers in the UK and Australia can listen to 15 hours of audiobooks on the Swedish streaming platform at no extra cost. Plans for a US launch are close by in the pipeline. Spotify users can pay [...]
UK cinemas hope to cash in as Taylor Swift’s Eras Tour hits the screens October 4, 2023 Boosting economies of entire countries with their world tours was not enough for Taylor Swift and Beyonce. Now they are giving cinemas a slice of their success.