1. WhatsApp Sues Indian Govt, Says New Media Rules Mean End Of Privacy (Reuters)
WhatsApp has filed a lawsuit against the Indian government, requesting the Delhi High Court to declare one of the new government rules as a violation of privacy rights as per the Indian constitution, since it requires social media companies to identify the “first originator of information” when authorities demand it.
2. US Contributes 50% Of Growth In AVOD Ad Revenue By 2026 (MediaPost)
Global AVOD revenue to grow 144% and the US will contribute $21 billion of the $39 billion in incremental revenues generated between 2020 and 2026, followed by China with $5 billion. The US’s AVOD revenues will triple during this period to $31 billion and its share of the global total will grow from 37% in 2020 to 47% by 2026.
3. Amazon’s Ad Revenue 2.4x Than Snap, Twitter, Roku, Pinterest Combined (CNBC)
According to Loop Capital, Amazon’s advertising revenue contribution is already 2.4 times that of Snap, Twitter, Roku, and Pinterest combined, and it is expanding 1.7 times as fast. Amazon’s “Other” division boosted sales by 77% year over year in the first quarter, reaching more than $6.9 billion, the firm announced last month.
4. NYT Aims To Acquire Athletics To Add Subscribers And Revenue (Axios)
With 8 million paid subscribers currently, NYT aims to acquire Athletics, a subscription-based sports website that provides ad-free national and local coverage in 47 North American cities. 1.2 million Subscribers of Athletics will be added to NYT, which has plans to turn its kids, games, cooking, audio, and even sports sites into paid sources.
5. Social Media Self-Service Tools To Create Instant Ad Campaigns (MediaPost)
Social-media companies like Facebook and Twitter are offering self-service tools to create a branded post and transform it into an ad campaign instantly. These campaigns typically require the manual customization of ad creative that refers to an unforeseen news event or emerging trend.
6. GameStop Shares Jumps More Than 16% As ‘Meme’ Stocks Rises (Reuters)
GameStop’s stock jumped 16.3% on Tuesday, reaching its highest level since late March. The shares of the video game retailer closed at $209.43, their first closing over $200 since March 19. AMC Entertainment Holdings’ stock rose approximately 20%, while Koss Corp’s stock rose 22.9%.
7. Promo.com Raises $16M In Series B Round Led By Getty Images (TechCrunch)
Promo.com, a social video service, just secured $16 million in a Series B financing headed by Getty Images, the stock photography business. Getty also has a stock video collection, but Promo.com has both the video clips and the tools for non-editors to create a basic edit with a little customization.