Month: May 2020

Disney Parks are closed. Broadcast and TV advertising is down. Movie releases and Broadway shows have no theaters to play in. Cruise ships are docked. Live sports have been canceled, decreasing ESPN viewership. Disney retail stores are closed, and film production has halted. Many companies are weathering the economic effects of the coronavirus pandemic because… Continue reading »

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Pinterest reported strong first quarter earnings Tuesday, beating analyst estimates, but warned that the company’s overall outlook might be rocky in the months ahead due to the Covid-19 crisis. Pinterest’s first quarter revenue grew 35% year over year to $272 million while its global monthly active user base increased by 26% year over year to…

When the year began, YaVe Tequila founder Joe Cruz Jr. and his team were ready to take on the world of premium spirits. The scrappy, small-batch tequila brand had just inked a deal with Empire Merchants and Allied Beverage, the two largest distributors in New York and New Jersey respectively, ending YaVe’s two-year reliance on…

Neiman Marcus is likely to file for bankruptcy as soon as this week as it nears a deal with a group of lenders led by Pacific Investment Management Co. (Pimco), which would gain control of the company via a debt for equity swap, sources familiar with the situation confirmed to Adweek, who requested anonymity due…

A week before ViacomCBS would normally hold its annual upfronts bash at New York’s Carnegie Hall–which, like every other in-person upfronts week event, was canceled due to the Covid-19 pandemic–the company has set a new strategy for its first upfront since CBS and Viacom merged last December. Instead of its May 13 event, the company…

In its latest purge, Facebook removed eight different networks that were disseminating disinformation, including accounts, groups and pages linked to the alleged QAnon conspiracy, a pro-Trump theory that maintains there is a “deep state” working against the president. The company also removed 19 pages, 15 accounts and a group linked to the anti-immigrant websites Vdare…

Many people are turning to smart home devices for the first time as the coronavirus pandemic forces them inside, according to a new set of listening trends from Pandora. The Sirius XM-owned digital audio company tracked a surge in Pandora listeners logging in from a connected home device for the first time in the weeks…

Stuck in quarantine for weeks on end and hoarding necessities, consumers have made their Covid-19 buying preferences extremely clear: toilet paper, frozen pizza, jigsaw puzzles and hand sanitizer. For certain consumers, cannabis-once likely considered a discretionary purchase–has fast been added to that list, fueling an unprecedented green rush with record-breaking sales since lockdown went into…

“Only what you need” pretty much sums up what beverage maker OWYN provides its customers. It’s also a memorable acronym for the brand’s name. The makers of the plant-based protein drinks and meal replacements had big plans earlier this year to expand into more retail outlets. What has the Covid-19 pandemic meant to those plans?…

Like many brands, Create & Cultivate had planned its event schedule for the first half of 2020 before Covid-19 began to spread throughout the U.S. The online career advice platform and business event series for women entrepreneurs, which produces about 40 summits annually, was even able to host its first large-scale event of the year…