Zuckerberg: Will invest more in original content in 2017  Wednesday, 1 Feb 2017 | 5:48 PM ET | 02:30Facebook correctly predicted the next big area of ad growth was mobile. Now, it’s setting its sights to the next frontier: video — which means YouTube may have to make space.”I see video as a mega trend, same order as mobile,” said Facebook CEO Mark Zuckerberg on an earnings call on Wednesday.Facebook is investing in more original video content in 2017, with a focus on shorter form content, Zuckerberg said. Short-form includes social content posted for friends, promotional content for brands and celebrities and premium content posted by creators, he said. Zuckerberg said he understands premium content needs to be supported by ads — and they are coming.

Source: Mark Zuckerberg: video is a ‘mega trend’ like mobile

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HONG KONG — Some of America’s most glittery TV spectacles will have a Chinese owner.Dalian Wanda Group said on Friday that it would buy Dick Clark Productions for about $1 billion, giving it the broadcasting rights to the Golden Globe Awards, the Academy of Country Music Awards and the New Year countdown celebrations in New York.Dalian Wanda has been on a multibillion-dollar spending spree in the entertainment industry. It is the world’s biggest owner of movie theaters, with complexes across the United States, Europe and Australia. This deal would bring productions including Miss America and the Hollywood Film Awards under the same roof as “Godzilla” and “300,” films by Legendary Entertainment, another company that Wanda snapped up in recent years.Some see the company as a propaganda threat, and it has had to defend itself against concerns that its acquisitions are part of a pro-Chinese agenda.

Source: Dick Clark Productions to Be Sold to Chinese Company for $1 Billion – The New York Times

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Facebook Inc., now on pace to reach $27 billion in revenue this year, is defying the slowdown in growth that usually comes with increasing size.The social media giant said Wednesday that third-quarter revenue soared 56% to $7 billion and its quarterly profit nearly tripled to $2.38 billion, as it reaps the spoils of its dominance in mobile advertising.Facebook’s top-line growth rate is double any other U.S. company with revenue of $20 billion or more, excluding those growing through acquisitions, according to data from Standard & Poor’s Capital IQ.

Source: Facebook Profit Soars, but Growth Concerns Emerge – WSJ

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Grace Blue Partnership has appointed Jean-Michel Wu as its Asia Pacific CEO to lead its expansion across the region. He will be based in the regional head office in Singapore alongside APAC chairman Michael Maedel, partners Helen Duffy and Hilda Ng.

Wu (pictured) joins from McCann Worldwide Group Asia Pacific where he was chief talent officer. Prior to that, he spent over a decade with WPP in a number of senior talent-related roles, with over six years leading WPP’s leadership talent acquisition across Asia.

He will focus on expanding both Grace Blue’s geographical reach and capabilities within the region. Plans to open offices in Shanghai alongside existing hubs in New York, Singapore and Mumbai are also underway.

 

Source: Jean-Michel Wu leaves McCann to join Grace Blue as CEO

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