The sources said Disney-owned streaming service Hulu had paused all advertising on Instagram, and one source said that ads for its cable network shows are unlikely to return to Facebook after the summer TV advertising lull, unless the social media giant changes its policies.
Disney has not officially announced any decision to reduce advertising spend, and was not immediately available for comment when contacted by Business Insider.
Analysis provided to the Journal by research firm Pathmatics Inc suggests Disney was the top advertiser on Facebook for the first half of this year, spending an estimated $210 million. It was the number two spender in 2019, behind Home Depot.
Other things to check out:
Oak Park District 97 reviews preliminary 2020-21 budget, will monitor COVID-19 impacts - Chicago
In reviewing its preliminary 2020-21 school year budget, Oak Park District 97 officials plan to monitor the impact the COVID-19 pandemic will have on future expenses.
Financial consultant Rob Grossi shared the preliminary budget with board members at the school board's July 14 virtual meeting.
According to Grossi, initial estimates have revenues increasing by $1.2 million for 2020-21 versus the previous fiscal year, which will include an increase in taxes paid from expired tax increment financing district areas and $320,000 in funds from the federal CARES Act.
Affordable Developers Worry About Building More Housing Amid Budget Cuts – Commercial
W hen the New York City Council pushed through a budget two weeks ago that slashed the city's affordable housing spending, developers and nonprofits were reeling over the possibility of delayed projects and thousands of affordable apartments lost.
The cuts could have repercussions from some of the biggest projects under way, including La Central in the South Bronx and Sendero Verde in East Harlem.
Now the companies responsible for building much of the city's below-market housing are wondering whether they'll get much-needed financing for development deals that have been in the works for years. Many were hoping to finalize financing for multiphase, affordable rental projects sometime this year. Now most developers that rely on city subsidies plan to delay the start of construction at least six months, if not a year.
Most expensive Netflix original movies with biggest budgets: List - Business Insider
Netflix is known for committing a lot of money to movies that traditional movie studios are wary of.
The upcoming action movies, "Red Notice" will cost between $160 million and $200 million, according to Variety, and the aforementioned "Gray Man" will cost around $200 million.
Business Insider gathered six of Netflix's most expensive movies and ranked them from least to most expensive.
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Michael Bay's "6 Underground" is among Netflix's most popular movies of all time. It ranks fourth on the list with 83 million viewers in its first four weeks of release, according to the streamer.
While you're here, how about this:
Federal money flows liberally to Minnesota private companies in COVID times - StarTribune.com
CEO Deepinder Singh said the company, which last year raised $18 million in growth capital, was in a better position than many struggling small businesses.
“We’ve been growing revenue by two to three times over the last three years,” Singh said. “This year, we expected to do 2.5 times last year’s revenue ... to more than $10 million. We will struggle to get to something around $5 million.”
Some employers were critical of the PPP, especially retailers and restaurant owners, who say the government pressured them into rehiring furloughed workers when it started in April, even though there was no business. Congress and the SBA later allowed spending on more than wages, and extended the spending period to Aug. 8.
Cost of budget flights set to sky rocket as business meetings stay virtual post-coronavirus -
The cost of budget holiday flights is set to skyrocket as business travel continues to be grounded by the virus.
Holiday air fares kept low by subsidies from top-price business class tickets are likely to increase as professionals shun international flights in favour of online meetings.
Last night a poll of business people found 79% thought their company's travel budgets would be slashed by at least a third even after lockdown restrictions are lifted.
How USCIS budget shortfall is impacting local employers
If the agency doesn't receive additional funding, it could have an impact on employers right here in the metro, like Systemair.
The global company employs workers from around the world. While business is busy right now, an indirect COVID-19 issue targeting immigration services could cause a problem.
"The agency provides services to employers when employers file petitions for non-immigrant and immigrant visas for the international personnel as well as other participants in the immigration process, families with immigrant members, and also adjudicates as immigration applications," immigration attorney Mira Mdivani said. "The agency is funded by 97 percent filing fees."
Cobblestone bids come in over budget - The Daily Memphian
Bids to restore the cobblestone landing off Riverside Drive, shown in this drone file photo, came in well over budget. (Patrick Lantrip/Daily Memphian file)
With bids over budget, options could include re-bidding, scaling down the project or finding more funding.
Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.
Happening on Twitter
Disney, the biggest spender on Facebook ads so far this year, has reportedly pulled all its Disney Plus ads in orde… https://t.co/9d5O0Vzhu1 Variety (from Los Angeles, CA) Sun Jul 19 17:00:01 +0000 2020
Disney Plus has reportedly pulled all of its ads from Facebook as part of a larger boycott over the platform's inac… https://t.co/5wJmRWdHAv Variety (from Los Angeles, CA) Mon Jul 20 10:00:00 +0000 2020
Facebook's biggest advertiser, Disney, reportedly slashes ad spending https://t.co/F2V4bz5gjW MarketWatch (from New York, NY) Sun Jul 19 20:36:36 +0000 2020
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