Metlife investors

Snap’s grown up– it must be, the Snapchat parent had its first Investor Day today – and executives were upbeat that the nearly ten-year old social media platform beloved by Gen Z will see revenue grow by 50% or more for the next few years. Co-founder and CEO Evan Spiege l kicked off the three-hour virtual event with a roundabout dig at larger rivals and set the table for a deep dive into the Venice, California company’s core products led by Stories – the oldest business and biggest sales driver – Camera , Snap Map, Chat and Spotlight . Spiegel is enamored with augmented reality ( AR ), increasingly popular with Snapchat’s users and advertisers but, he said, a decade away from hitting its stride. Related Story Snap Inc. User Growth, Financials Boom In Q4, But Q1 Guidance Gets Thumbs-Down “AR is the next major shift in computing and we are committed to leading the way,” he said.  With the phone “we are still constrained by the four sides of a small … [Read more...] about Snap CEO Evan Spiegel Jabs Rivals, Anticipates Major Ad Revenue Gains At First Investor Day For Wall Street Darling

Javier Chapa and Simon Wise , founders and partners of Latinx film and TV producer Mucho Mas Media and talent management firm Inclusion, have taken on Bardero Ventures as a new equity partner. The sides  didn’t provide financial details but said the investment will support Mucho Mas’ expansion across IP development, content creation, talent management, VOD services and production studio facilities. Mucho Mas Media also announced two appointments: Phillip Braun will join the company as head of development after most recently working in creative at Vice Media’s in-house agency Virtue. And Latino comic Rick Gutierrez is transitioning into a management role and will run Mucho Mas’ comedy division under the Inclusion brand. Bardero is headed by Bruce Barshop, a founder of SiTV (Fuse) who currently runs investment firm Barshop Ventures, and Vincent Cordero, both of whom have experience cultivating and showcasing Latinx storytellers and narratives. Barshop … [Read more...] about Latinx Producer Mucho Mas Media Taps New Equity Investor, Development Head

Twitter plans to at least double annual revenue and hit 315 million or more daily active users in 2023, the social media giant said Thursday ahead of an investor day set for noon ET. The daily active users (DAU) figure reps a 20% compound annual growth rate from the 152 million reported in the fourth quarter of 2019. The goal is to see sales jump to $7.5 billion from $3.7 billion in 2002 by growing audience and gaining advertising market share in both brand and direct response. The new targets buoyed Twitter shares which  jumped as much as 12% to a record intraday high of $80.75. They’re trading up 9% late morning, outpacing the broader market and the rest of the tech sector. The tech-heavy Nasdaq is down 1.2%. DJIA is down by about 160 points. CEO Jack Dorsey will kick off the event, which will focus on “Healthy Participation” in consumer product priorities, policy and enforcement as well as financial metrics and faster development. Content moderation has become a … [Read more...] about Twitter Stock Hits High On New Revenue, User Goals

Dana Walden has seen a lot of major changes during her time in the entertainment industry and she doesn’t see things slowing down any time soon. The Chairman of Entertainment at Walt Disney Television talked up the new opportunities for smaller production companies and young, diverse voices over the next ten years in a wide-ranging interview at the Harvard Undergraduate Women in Business conference. She also discussed how Covid has impacted the television business and Walt Disney’s television operation and talked about the importance of gut feeling in a data-driven world. She also revealed how she got Peter Chernin’s attention 25 years ago. Walden said it was “hard to imagine” what the industry will look like in ten years as “change is happening so rapidly”. “Our business right now is in a little bit of a period of contraction. We’re seeing the bigger companies that are growing and acquiring different littler companies and trying to … [Read more...] about Disney’s Dana Walden On Increasing Opportunities For Smaller Production Companies, Covid Impact, Leaning Into Failure & Fostering Diversity

The full The Falcon and the Winter Soldier trailer is now available after a thirty-second spot aired during the big game. We have all the Marvel action for you now, with plenty of new footage that wasn't released during the big Disney investors day. For those complaing that WandaVision moves too slow, this looks like nothing but big MCU action. Marvel Studios has released a new trailer for The Falcon and the Winter Soldier. The studio took advantage of the Super Bowl to promote the highly anticipated Disney+ series. WandaVision is currently streaming and keeping all Marvel Cinematic Universe fans on their toes with the mystery. Each week, the series peels away more layers to slowly let everybody know what exactly is happening within Wanda Maximoff's current reality. As for The Falcon and the Winter Soldier, it looks more in line with what we've come to expect from Marvel Studios. RELATED: War Machine Will Return in The Falcon and the Winter Soldier Confirms Don Cheadle The latest … [Read more...] about Full The Falcon and the Winter Soldier Trailer Arrives, Coming in March to Disney+