The NBA continues to rake in exorbitant amounts of revenue and, in this respect, reached a record figure last season. Sponsorship contracts brought in around 1.66 billion dollars. According to "Forbes", the figure corresponds to an increase of 1.3% compared to the previous season,...
Tag: advertising
Mozambique may adopt legislation regulating alcohol advertising
The Deputy Minister of Health, Ilesh Jani, said that the government may propose a debate in the National Assembly (AR) on the approval of legislation to regulate alcohol advertising in the country. "We agree that this matter should also be debated in Parliament," said Jani, recalling that tobacco advertising has reduced....
Twitter becomes the first social network to allow cannabis advertising
On Wednesday, Twitter became the first social network to allow advertising for cannabis brands and products in the United States. Previously, Elon Musk's company allowed advertising of products derived from the cannabis plant and CBD, while platforms such as Facebook, Instagram and TikTok continue to prohibit it. In a statement quoted by Notícias ao...
Disney "breaks" $9 billion record with early advertising
Walt Disney has secured a record nine billion in advertiser pledges for fiscal 2022-23, as demand increases to cover live events and the next phase of Disney+ streaming platform ads. Disney+, ESPN+ and Hulu have secured 40% of total commitments, Disney said in the...
Facebook invests more money in "metaversos" as advertising business falls
Facebook is dealing with uncertainty about the future of its advertising business, hence it plans to start publishing the financial results of its augmented and virtual reality labs, the company said Monday. This is expected to occur as a separate unit, where it is investing huge sums of money for its ambitious...