Friday, November 23, 2018

Rise in gambling ad spend fuels fears over impact on children

https://www.theguardian.com/society/2018/nov/24/rise-in-gambling-ad-spend-fuels-fears-over-impact-on-children

The £1.5bn total means that gambling adverts account for 8% of the total UK advertising market, which according to market research group Nielsen is valued at £19bn.
It is also more than seven times the annual advertising spend of Proctor & Gamble, the company behind brands including Pampers and Gillette, which is the UK’s biggest single advertiser – and 150 times the £10m that gambling firms give via a voluntary levy to GambleAware, the main recipient of funds for addiction treatment and research.
Increased spending on marketing by the gambling industry has prompted fears over child betting.

Thursday, November 1, 2018

HBO will lead AT&T’s challenge to Netflix

https://www.economist.com/business/2018/11/03/hbo-will-lead-at-and-ts-challenge-to-netflix

Big Tech’s sell-off ~ The Economist

https://www.economist.com/business/2018/11/03/big-techs-sell-off

Business booms and busts follow a pattern. They start with an exciting change in the economy. Managers and investors collectively create a story about it, which begins as an explanation, then morphs into an extrapolation, and then into an exaggeration. Eventually the data contradict the narrative, boom turns to bust, and a bout of austerity follows. A rout in internet firms’ share prices since August has led plenty of people to ask if the tech industry is experiencing this sequence of hope, hubris and hurt for the second time in two decades. The answer is: to a degree, yes. The level of hype is particularly high, and some of the numbers are decidedly soft. That matters because tech firms are now so big and so spendthrift that a slowdown could damage the economy.