Day: June 1, 2020

Music business backs Black Out Tuesday campaign

A slew of companies involved in the music business will halt normal activities on Tuesday to back #TheShowMustBePaused campaign expressing support and solidarity for anti-racist protesters in the wake of George Floyd’s death in police custody in Minneapolis last week.

The big three recorded music groups – Universal, Sony and Warner – have all said they will observe “Black Out Tuesday”, along with companies including Spotify, Live Nation, Kobalt, Downtown and London-listed Hipgnosis Songs Fund. 

Warner Records said on its Twitter account that the “music business at Warner Music Group will not go on as usual”, adding: “While this is

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Sharp CEO Tai leaves Foxconn board to focus on Japan unit

TAIPEI — Sharp Chairman and CEO Tai Jeng-wu has resigned from the board of Taiwanese parent company Foxconn, the group said Monday, as he looks to concentrate on the Osaka-based electronics manufacturer.

“I would like to focus on developing the global market at Sharp,” Tai said in explaining his resignation as a Foxconn director.

As vice chairman at Foxconn, Tai served as the right-hand man of Terry Gou, who founded the top Apple assembler known formally as Hon Hai Precision Industry.

When Foxconn acquired the Japanese company in 2016, the new parent installed Tai as Sharp’s chief executive. Tai left

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Mitsubishi’s Bombardier deal soured by SpaceJet cutbacks

TOKYO — Mitsubishi Heavy Industries marks a milestone in its aviation ambitions on Monday by integrating the commercial jet business of Canada’s Bombardier, even as doubts grow about the Japanese company’s ability to keep its own commercial jet program on track at a time of airline industry upheaval.

MHI’s $550 million purchase of Bombardier’s global network of service centers was meant to secure a foothold in the aircraft servicing business and provide a maintenance platform for its own Mitsubishi SpaceJet family of next-generation regional aircraft under development for 12 years.

But MHI’s ability to finance the much delayed program is

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Comcast splits ownership of targeted ad platform with Charter, ViacomCBS as TV pressures grow

Dive Brief:

  • Comcast is spinning off its Blockgraph platform for TV ad-targeting, splitting ownership with ViacomCBS and Charter Communications, according to a joint press statement. The news was first reported by The Wall Street Journal earlier today.
  • Under the new ownership structure, each pay-TV provider will own one-third of Blockgraph, which leverages data to bolster brands’ ability to run more targeted TV ads. The deal, whose financial terms were not disclosed, is intended to give ad-buyers greater scale with targeted TV campaigns, the Journal said.
  • Launched in 2017 as part of Comcast’s FreeWheel ad-tech venture, Blockgraph looks to offer
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