Today's Must Read - Facebook Sets Aside $3 Billion For Potential FTC Fine
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Thursday, April 25
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Today's Must Read
[Facebook Sets Aside $3 Billion For Potential FTC Fine](
âWe are focused on building out our privacy-focused vision for the future of social networking and working collaboratively to address important issues around the internet,â Facebook CEO Mark Zuckerberg said in a statement to investors. [More.](
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News Round Up
A Wicked Curve
AT&T is âbending the content cost curve,â CEO Randall Stephenson told investors on the companyâs quarterly earnings call on Wednesday. And Xandr is a key part of that plan. Costs are rising for TV programming and network carriage deals. But AT&T can secure deals without simply offering more cash upfront. The strategy is to out-earn TV networks on the relatively small portion of linear ad inventory that networks give to the cable company. AT&Tâs recent carrier deal with Viacom assigns additional Viacom inventory to Xandr, the AT&T ad unit. If Xandr can improve ad returns, âthen thereâs a solution where [Viacom] can gain revenue and have it not be content costs but ad revenues for them,â said John Stankey, CEO of WarnerMedia and AT&T strategy chief. Paying networks in ad revenue share instead of higher upfront costs is a big difference for AT&T, which took on $40 billion in debt to acquire Time Warner and is trying to pay off the loan by 2020. [Earnings release](.
Consulting Faux Pas
Agency executives often downplay competition from consulting firms because consultants donât have experience in creative production or media activation. Agencies may feel vindicated considering Accenture faces a $32 million lawsuit from Hertz related to âa website redesign from hell,â The Register reports. The rental car company hired Accenture in 2016 to relaunch its online presence. The project was delayed multiple times, and the website didnât work globally or across mobile devices. The site code also had security vulnerabilities that Accenture failed to test. "By that point, Hertz no longer had any confidence that Accenture was capable of completing the project, and Hertz terminated Accenture," the car rental company said in the lawsuit. [Read the document](. Hertz is seeking additional damages to cover the cost of fixing Accentureâs mess. Accenture is asking Hertz for an additional $10 million to work through its mistakes. [More](.
Out Of The Tube
Brett Wilson has officially exited Adobe, where he was VP and GM of the ad cloud business after Adobe acquired TubeMogul. Wilson had been slow-rolling his departure, [moving to a strategic role last year]( when Keith Eadie was handed the reins of Adobe Advertising Cloud. Twelve years in ad tech meant ârelentlessly swimming upstream to challenge the status quo,â Wilson tells AdNews about his time leading TubeMogul. Wilson doesnât have his next gig lined up. He isnât discounting founding another company, though not necessarily an ad tech startup. âIn talking to lots of entrepreneurs Iâve learned that all of them think their industry is uniquely challenging, but ad tech actually is uniquely challenging.â [More](.
The Insta-Fake
Instagram is beset by scammers pawning off cheap products as designer fashion. The number of accounts peddling counterfeits has almost tripled in the past three years to 56,769, according to the analytics firm Ghost Data. âThe luxury brands I speak to are frustrated because itâs so easy to find these accounts, but Instagram is not very responsive,â Ghost Data CEO Andrea Stroppa tells NBC News. An Instagram spokesperson says the company has âa strong incentiveâ to block counterfeiters. Instagram has invested heavily in ecommerce ad products, including its first on-platform transaction feature that launched last month. Amazon deals with similar problems, but as the online retailer it loses more in refunds and returns, on top of the larger issue of people not shopping there anymore. [More](.
But Wait, Thereâs More!
- [Snapchat Is Quietly Cracking Down On Sponsored Content]( - Digiday
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- [Coming To Store Shelves: Cameras That Predict Your Age And Sex]( - Associated Press
- [DOOH Marketing Platform Broadsign Acquires Ayuda]( - release
- [Will Netflix Eventually Monetize Its User Data?]( - The Conversation
- [Pandora Appeals To Advertisers With âCo-Listeningâ Data]( - eMarketer
- [Amazonâs Alexa Team Can Access Usersâ Home Addresses]( - Bloomberg
- [Brit + Co Lets Go Of Majority Of Staff After Acquisition Falls Through]( - Recode
- [Donald Trump Meets Twitterâs Jack Dorsey At White House](- BBC
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Events
[PROGRAMMATIC I/O + AdExchanger Awards](, San Francisco, April 29-30, 2019
[PROGRAMMATIC I/O](, New York, October 15-16, 2019
[Industry Preview 2020](, New York, January 28-29, 2020
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