Variety, one of the most famous names in Hollywood media, for decades has kept up a raucous competition for news with the Hollywood Reporter, joined in recent years by Deadline. No more. Now, all those publications are owned or run by the same company—Jay Penske. Variety announced on Wednesday that it is forming a joint venture with MRC, owner of Hollywood Reporter, Billboard and Vibe. It will...
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How Amazon Misread the NFL Ad Market
Last summer, advertising representatives for a national pizza chain in the U.S. met with Amazon ad executives to negotiate a potential sponsorship deal for Amazon Prime Video’s broadcast of “Thursday Night Football.” Amazon executives asked the pizza chain for commitments of up to $12 million for the full season, double what the chain wanted to spend, said a person with direct...
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Adam D’Angelo’s Endless Quest to Answer Everything
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.