Digitas's 'The Boycott NewFront' Kicks Off in New York City
*By Christian Smith*
Companies need to take a stand on social issues if they're to remain relevant with their customers and have a place in the media landscape. That's the takeaway from this year's Digitas NewFront, where more than 200 marketing and branding executives met to discuss the issues facing their industries.
"It's no longer enough to just say 'Hey two pizzas $9.99.,'" said Scott Donaton, the chief content officer of Digitas, in an interview Thursday with Cheddar. "The brands that try to sit on the sidelines right now are are actually being dragged into these debates whether they want to or not."
Those debates include gun control, gender equality, and police brutality, topics that were on the agenda at the NewFront this week in New York.
You don't typically hear such discussions at most conferences like this, where content providers usually present new ideas for advertisers to decide where best to position their brands. But the Digitas NewFront is different. Each year organizers choose a theme affecting the marketing industry.
Michael Kahn, the global brand president at Digitas, said the company picked "The Boycott" as this year's theme because the internet "is no longer neutral."
"We are now in such a different world with digital communications and channels, and always being on," said Kahn. "People can't afford to sit on the sidelines anymore."
Digitas put on the first NewFront in 2008, when broadcast TV still reigned supreme and digital content was beginning to grow. Since then, Digitas has pulled in partners such as Hulu, Google, and OATH, which now hold their own NewFronts.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
A rare magnum of Dom Pérignon Vintage 1961 champagne that was specially produced for the 1981 wedding of Prince Charles and Lady Diana has failed to sell during an auction. Danish auction house Bruun Rasmussen handled the bidding Thursday. The auction's house website lists the bottle as not sold. It was expected to fetch up to around $93,000. It is one of 12 bottles made to celebrate the royal wedding. Little was revealed about the seller. The auction house says the bids did not receive the desired minimum price.
