Tag Archives: Advertising & Marketing (TRBC level 4)

AMP Australia is close to agreeing a joint venture with Ares: source | Instant News


FILE PHOTOS: The logo of AMP Ltd, Australia’s largest retail wealth manager, adorns their headquarters located in central Sydney, Australia, May 5, 2017. Photo taken May 5, 2017. REUTERS / David Gray

SYDNEY (Reuters) – Australia’s AMP Ltd and former US-based Ares Management applicants are close to agreeing a joint venture that would give American funds control over its asset management business AMP Capital, sources with knowledge of the deal said.

The arrangement, which could be finalized and announced in the next week, will utilize Ares’ distribution network to distribute the AMP investment fund, the person said, asking not to be named because negotiations are private.

The AMP representative, who on February 11 said Ares had withdrawn a A $ 6.36 billion ($ 5.03 billion) takeover offer for the entire company, declined to comment.

Ares’ representatives also declined to comment when contacted by Reuters.

Bloomberg reported on Tuesday that the deal could value the asset management business more than A $ 3 billion and that AMP would retain a minority stake, citing people with knowledge of the matter.

Following a review in the past six months seeking to find a buyer for AMP as a whole or its unit, the Sydney-based company said last week it had closed all but one process.

Its Australian and New Zealand wealth management business and banking division, are no longer under review but will continue to negotiate with Ares about potential sales or partnerships involving AMP Capital.

The deals are uncertain, said Chief Executive Francesco De Ferrari at the time.

($ 1 = 1.2653 Australian dollars)

Reporting by Paulina Duran in Sydney; Edited by David Evans

.



image source

Apple users could spend more on non-gaming mobile apps by 2024 – report | Instant News


FILE PHOTO: Apple Inc logo seen hanging at the entrance of an Apple store on 5th Avenue in Manhattan, New York, USA, October 16, 2019. REUTERS / Mike Segar

(Reuters) – Apple Inc customers will likely spend more money on non-gaming mobile apps by 2024, data analytics firm SensorTower said on Monday, as the lockdown lifestyle results in users looking more than just games to apps that help with service delivery. more important.

Downloads of business, education, health and wellness apps have seen a sharp spike due to stay-at-home acts during the health crisis.

During the early days of the pandemic, users spent even more money on mobile games on the App Store. But as the lockdown extended, improving work-life and modes of communication, their attention turned to photo and video sharing, dating, video conferencing and instant messaging apps.

Shares of companies such as Zoom Video Communications Inc and Match Group as well as other household companies surged last year.

SensorTower says consumer spending on mobile apps will reach $ 270 billion in the next five years globally, more than tripling when compared to 2020.

Apple customers will spend more than their Android counterparts with the App Store which is expected to generate $ 185 billion in global revenue, the data analysis firm said.

Gaming revenue will continue to take up a relatively higher share of the Google Play store than it does on the App Store, with a projected 71% share of games in 2025 compared to 42% on the App Store, data shows.

The data analytics firm expects Europe to become a key market over the next five years, with revenue growth on the continent likely to outpace growth in Asia and North America.

Downloads in Europe are expected to grow to 36.9 billion by 2025, compared with 28.4 billion in 2020, while revenue growth is expected to more than double to $ 42 billion in the next five years.

Reporting by Eva Mathews and Subrat Patnaik in Bengaluru; Edited by Arun Koyyur

.



image source

Apple users could spend more on non-gaming mobile apps by 2024 – report | Instant News


FILE PHOTO: Apple Inc logo seen hanging at the entrance of an Apple store on 5th Avenue in Manhattan, New York, USA, October 16, 2019. REUTERS / Mike Segar

(Reuters) – Apple Inc customers will likely spend more money on non-gaming mobile apps by 2024, data analytics firm SensorTower said on Monday, as the lockdown lifestyle results in users looking more than just games to apps that help with service delivery. more important.

Downloads of business, education, health and wellness apps have seen a sharp spike due to stay-at-home acts during the health crisis.

During the early days of the pandemic, users spent even more money on mobile games on the App Store. But as the lockdown extended, improving work-life and modes of communication, their attention turned to photo and video sharing, dating, video conferencing and instant messaging apps.

Shares of companies such as Zoom Video Communications Inc and Match Group as well as other household companies surged last year.

SensorTower says consumer spending on mobile apps will reach $ 270 billion in the next five years globally, more than tripling when compared to 2020.

Apple customers will spend more than their Android counterparts with the App Store which is expected to generate $ 185 billion in global revenue, the data analysis firm said.

Gaming revenue will continue to take up a relatively higher share of the Google Play store than it does on the App Store, with a projected 71% share of games in 2025 compared to 42% on the App Store, data shows.

The data analytics firm expects Europe to become a key market over the next five years, with revenue growth on the continent likely to outpace growth in Asia and North America.

Downloads in Europe are expected to grow to 36.9 billion by 2025, compared with 28.4 billion in 2020, while revenue growth is expected to more than double to $ 42 billion in the next five years.

Reporting by Eva Mathews and Subrat Patnaik in Bengaluru; Edited by Arun Koyyur

.



image source

Google closed the Fitbit deal as US and Australian investigations continued | Instant News


WASHINGTON (Reuters) – Search and advertising giant Google closed its deal to buy fitness tracking firm Fitbit, it said on Thursday, even as US and Australian competition regulators said they were continuing to investigate a $ 2.1 billion transaction.

The Justice Department, which sued Alphabet Inc’s Google in October for allegedly violating antitrust laws in its search and search advertising businesses, said it “has not yet reached a final decision on whether to pursue enforcement action” over the Fitbit deal.

Australian Competition and Consumer Commission chairman Rod Sims said “depending on the results of our investigation, we will consider whether to take legal action on this matter”.

Google said it “complied with the extensive DOJ (Department of Justice) review over the past 14 months, and the agreed waiting period has ended without their objection.”

“We are in constant contact with them and we are committed to answering additional questions,” the company added.

Google did not immediately respond to Sims’ statement.

Large transactions are rare without antitrust approval.

Google won EU antitrust approval last month for a Fitbit bid after agreeing to restrictions on how it will use data related to customer health.

Australia rejects similar restrictions proposed by Google, expressing concerns that it might block Fitbit rivals from connecting to phones running Google’s Android operating software.

Fitbit makes watch-like devices for measuring physical activity that compete with Apple Watch and others. Google says it is buying the company to compete in this market.

“We are working with global regulators on an approach that protects consumer privacy expectations,” said Google in a blog post, which said Fitbit had 29 million active users.

“(It includes) a series of binding commitments confirming Fitbit users’ health and fitness data will not be used for Google advertising and this data will be separated from other Google advertising data.”

Although Alphabet is known for its free service, its search engine, it owns many other businesses, including online advertising services, audio devices and thermostat maker Nest, YouTube video streamer, and self-driving car company Waymo.

Google’s plans to buy Fitbit raised concerns when it was announced at the end of 2019 due to its already rich data set about people, what they buy, where they travel and more.

Fitbit fitness trackers and other devices monitor user steps and calories burned. They also measured floors climbed, heart rate, and how long and how well people slept.

Alphabet shares closed around 1% on Thursday. The company is expected to retain 1,800 Fitbit employees.

Reporting by Diane Bartz in Washington and Munsif Vengattil in Bengaluru; Additional reporting by Paresh Dave in Oakland, California; Edited by David Gregorio and Christopher Cushing

.



image source

UPDATE 1-Italian regulator investigates RBM Intesa, Previmedical for health insurance complaints | Instant News


* Probe triggered by more than 1,000 complaints

* Intesa received the RBM Salut earlier this year

* Intesa says standards have been improved, complaints have decreased (Adding Intesa’s statement)

ROME, November 26 (Reuters) – Italy’s antitrust authorities said on Thursday it had opened an investigation into the businesses of the RBM Salute Intesa Sanpaolo and Previmedical for alleged unfair commercial practices in health insurance services.

Regulators said in a statement that they had received more than 1,000 complaints about possible “aggressive commercial practices” by the two groups that had led to customers giving up the service and reimbursement they were entitled to.

Clients say they face requests to provide redundant documentation, delays in obtaining authorization for required care and difficulties in contacting call centers. Some failed to get reimbursed for their health services for no good reason, regulators said.

The regulator said it had carried out inspections at the headquarters of the two companies on Wednesday with the help of the Italian financial police.

Intesa Sanpaolo said the complaint was related to the period before the acquisition of RBM Salute in May 2020.

“Since that date, concrete steps have been taken to align the quality of service provided to customers with the high standards held by the entire Intesa Sanpaolo group,” said Italy’s largest bank.

Intesa said complaints had halved in the first nine months of this year compared to the same period in 2018, with only 0.07% of customers being insured.

Previmedical did not reply to a Reuters email seeking comment. (Reporting by Francesca Piscioneri, additional reporting by Maria Pia Quaglia and Valentina Za in Milan; Editing by Elaine Hardcastle)

.



image source