AOL Awards Project to McCann Worldgroup and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): According to sources, McCann Worldgroup has won a project from AOL, Inc., although it is unclear how the business will be managed so that they will not cause conflict issues with Microsoft at twofifteenmccann. “It’s a hot potato at the moment,” said one source. The Inter-public shop beat two other unnamed agencies to secure the digital CRM assignment, which could lead to an expanded role on the brand. Worldgroup chief, Nick Brien, led the AOL effort.
Netflix, Inc. (NASDAQ:NFLX): According to new statistics, in spite of their troubles last year due to the price hike, Netflix, Inc. appears to have rebounded and users are using the company’s streaming video service more than ever. Netflix now dominates Internet video streaming in North America. During peak periods, they make up 33% of downstream traffic, which is up from 32% this past October. ”Audio and video streaming account for 65% of all downstream traffic from 9pm-12am and half of that is Netflix traffic [on North America fixed networks],” said Dave Caputo, Chief Executive Officer of Sandvine.
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Coinstar, Inc. (NASDAQ:CSTR): There is a small but growing field of third-party services that provide an alternative avenue to Amazon and other e-retailers, via cash. One of them is Coinstar, Inc., which you can identify by the green machines in the front of a lot of grocery stores where people often cash out their coins. Instead of getting a cash payout for coins (and dollars), Coinstar gives users an option of putting the amount on a gift card that can be used by forty different retailers including Amazon, Overstock, iTunes, J.C. Penney and Old Navy. Those gift cards can be redeemed online.
CBS Corporation (NYSE:CBS): Will the lives and loves of young people at the Norfolk Naval Station make for good TV? It appears CBS TV Studios thinks so. A spokesman for The CW network, which was formed as a joint venture with Warner Brothers Entertainment and the CBS Corporation, said that a series is in “ the early stages development,” and confirmed that Oscar-winning director Taylor Hackford has signed on as the executive producer and director. However, there is a big “if” as to whether the show will be picked up and put on the air, the spokesman said.
Walt Disney Co. (NYSE:DIS): After reporting fiscal fourth-quarter sales that missed analysts’ estimates amid declining film revenue and ABC network advertising, Walt Disney Co. dropped the most in fifteen months. Their shares decreased 6.3% to $46.90 at 9:41 a.m. Later, sales rose 3.4% to $10.8 billion, trailing the average projection of $10.9 billion, that were based on estimates compiled by Bloomberg.