AMC’s Charlie Collier, and Not Gary Newman, Will Run Fox Network After the Disney Merger

After setting most of the leadership team for New Fox–the company that will be spun off following the close of the Disney-Fox merger–earlier this month, Lachlan Murdoch had one big exec surprise up his sleeve. AMC chief Charlie Collier will run Fox Broadcasting after the Disney deal is completed–and not Gary Newman, who currently shares…

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AmEx and PayPal are working together to expand their merchant network

American Express customers will soon be able to use their rewards points at online stores where PayPal is accepted, and send peer-to-peer payments through PayPal’s Venmo service directly through the American Express app.

It’s part of an agreement announced Thursday that lets PayPal and American Express mobile platforms work together. It serves the objectives of both companies looking to grow mobile payments adoption and learn more about their customers at the same time. For American Express, it offers additional options to offload unused loyalty points, while PayPal gets to grow its imprint with e-commerce merchants through American Express-funded purchases at the point of sale.

“This strategic partnership with PayPal will open up the use of Membership Rewards points at more small- and medium-sized businesses than ever and make peer-to-peer payments more seamless for Card Members,” American Express CEO Stephen Squeri said in a statement.

PayPal said the agreement is motivated by the desire to enhance options for customers, while adding a potential lift to e-commerce merchants who accept PayPal as a payment method.

“This is about giving more choice and flexibility to how our customers pay and how the businesses we work with get paid,” said Josh Goines, senior director of global business development at PayPal. “Since we’re also enabling a new way for customers to pay — through their American Express rewards points — it can make it even more likely for a customer to make a purchase.”

More than 2 million businesses accept Venmo, and PayPal works with more than 20 million businesses globally, according to the company.

By letting customers use the points for e-commerce shopping, American Express is able to reduce the number of unused loyalty points at a lower cost, said David True, partner at Paygility Advisors.

“Historically, the rewards points have been used for travel and airlines; those have always been the most expensive way to redeem points,” he said. “American Express has tried for a long time to provide options that are less expensive for themselves to redeem points — it’s a lower cost redemption.”

Neither PayPal nor American Express would comment on whether data sharing is part of the agreement, but according to PayPal, American Express will know which merchants their card members are redeeming rewards with when transacting via PayPal. Regardless of whether individual-level transaction data is shared, Peter Wannemacher, principal analyst at Forrester, said data is an important consideration of the tie-up — if anything to learn more about customer behavior and transaction patterns.

“In financial services and business strategy today, if you’re not considering the data implications — both the risks and rewards — you’re not doing your job,” said Wannemacher. “Even if it’s anonymized, more data for your machine-learning and AI efforts is going to be valuable,” he said.

The post AmEx and PayPal are working together to expand their merchant network appeared first on Digiday.

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Turner Shuts Down Super Deluxe

After almost three years in business at WarnerMedia’s Turner, the company announced it would shutter its digital media company, Super Deluxe. Super Deluxe has developed both scripted and unscripted programming, including short-form videos, TV shows on Netflix, programming across social media and branded campaigns. “Turner is proud of the unique brand Super Deluxe has built…

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Jimmy Kimmel Tells New Yorkers Trump Will Overhaul Lincoln Center With Mediocre Brands

As part of his show’s weeklong visit to Brooklyn, Jimmy Kimmel decided to play a prank on New Yorkers–by telling them that President Trump had purchased Lincoln Center and would be soon be packing the storied performing arts complex with mediocre brands like Sbarro and Hooters. In the segment, which aired during last night’s Jimmy…

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After Almost 4 Years, Lenny Letter Shuts Down

Almost four years after launching Lenny Letter, former collaborators Lena Dunham and Jenni Konner are saying goodbye to the brand. There was no specific reason given as to why the brand, largely centered around a twice-a-week newsletter, was shuttering in a post signed by Dunham, Konner and Molly Elizalde, editorial and creative director. Their announcement…

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This Cosmetics Ad From Japan May Be the Most Romantic Love Story of the Year

With Halloween just around the corner, you can expect makeup companies to ramp up their marketing in ways that highlight (pun not intended) the fun and versatility of their products. However, you may not expect a company to churn out one of the most captivating, romantic stories of the year in just one three and…

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Sorenson Files Chapter 11 Bankruptcy To Escape Sinclair Deal

TV data provider Sorenson Media filed for Chapter 11 bankruptcy Thursday, seeking to extricate itself from a costly deal with Sinclair Broadcasting. Sorenson provides technology so local affiliate networks owned by Sinclair or Hearst can dynamically insert targeted ads at the household level. It has a similar relationship with Samsung Ads. Sorenson’s Chapter 11 filingsContinue reading »

The post Sorenson Files Chapter 11 Bankruptcy To Escape Sinclair Deal appeared first on AdExchanger.

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Michael Roth Hopes Acxiom Will Transform IPG’s Offerings Around First-Party Data

IPG’s $2.3 billion acquisition of Acxiom Marketing Solutions will transform the holding company’s services around its clients first-party data, said CEO Michael Roth said on the company’s Q3 earnings call Friday. “Acxiom is a world-class data asset,” he said. “As all companies look to make their first-party data work harder for them, and do soContinue reading »

The post Michael Roth Hopes Acxiom Will Transform IPG’s Offerings Around First-Party Data appeared first on AdExchanger.

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5 charts on global views of China

People have taken note that China continues to play an ever-larger role in world affairs. Yet a lack of enthusiasm for Chinese world leadership persists.

The post 5 charts on global views of China appeared first on Pew Research Center.

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