1 of 9 a U T O M O T I V E Waze Carpool Google's Navigation App Waze, Which Was Acquired Almost Four Years
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AUTOMOTIVE Waze Carpool Google’s navigation app Waze, which was acquired almost four years ago by Google for $1.1 billion, has launched Waze Carpool, a separate app from Waze, as a pilot in Israel, San Francisco and Brazil. How it works: Waze Carpool lets drivers schedule passenger pickups along their planned routes in exchange for a few bucks worth of gas money from riders, even to Just speed up their commutes with access to the carpool lane. Riders can book at the last minute or reserve in advance. To discourage cancellations, rider and driver profiles share personal information that the users have agreed to supply from Facebook and LinkedIn. Additionally, Waze is debating whether to show ads to users of Waze Carpool. At present, the service does not have any way to glean revenue. BROADCAST Sinclair/Nexstar/ Univision Local Media has Joined with Sinclair Broadcasting and Nexstar Media Univision Group in a new consortium to promote spectrum aggregation, innovation and monetization and enhance their abilities to compete in the wireless data transmission sector. In other words, focusing on but not limited to the development of the next-gen TV standard, ATSC 3.0. BROADWAY Ticket Sales Box office grosses, which have been climbing since 2013, rose 5.5% to $1.449 billion, a new high, according to figures released by the Broadway League. CORPORATE Apple/Nokia Apple and Nokia settled a legal dispute last week over the right of the iPhone maker to use patents and other intellectual property owned by the Finnish telecommunications company. The deal: Apple will start paying royalties to Nokia from the second quarter of 2017, Apple would begin stocking some of Nokia’s digital health products in its stores and the Finnish company will provide some of its mobile network infrastructure products and services to the American company. DATA Samba TV/Kantar Media research entity Kantar Millward Brown is partnering with TV analytics firm Millward Brown Samba TV to offer “a single source measurement solution for television advertising effectiveness.” How it works: Kantar will utilize its Ignite panel, which includes 8 million PC users and 3 million mobile users, in tandem with Samba TVs 13.5 million smart TV and connected device households. 1 of 9 FAST FOOD Burgers Top burger chain U.S. sales (2016), according to Technomic, as reported by The Wall Street Journal: Burger Chain Billions McDonald’s $36.4 Burger King $9.4 Wendy’s $8.9 Sonic Driven In $4.5 Jack in the Box $3.5 FINANCE Amazon Amazon.com became the first stock to breach $1,000 last week. Google was number two at $996.12 a share. S&P 500 The S&P 500 climbed to another record high to its twentieth record of the year, surpassing 2,400+ at the close of May. GAMING Nintendo/Zelda Rumors are circulating that Nintendo plans to bring its video franchise The Legend of Zelda to smartphones later this year. Cost is unknown at this time. However, Nintendo charged about $10 for players to download the full version of sibling Mario smartphone game and offers in-app purchases for its other games. Sony/Mobile Game Sony is releasing the first title, Everybody’s Golf, from a new unit focusing on smartphone games, initially targeting Japan, where its PlayStation 4 console is flagging. GLOBAL Ireland The New York Times reported that Ireland’s ruling Fine Gael elected Leo Varadkar as its new leader, paving the way for him to become the country’s first openly gay prime minister. Sweden/Airbnb Sweden has listed its entire countryside on Airbnb as a place anyone can hike, camp or even pick mushrooms and berries for free. Wonder Woman/ The government of Lebanon has banned the theatrical Wonder Woman from Lebanon being shown in the country. Note: Lebanon shares its southern border and decades of acrimony with Israel; the two countries went to war in 2006 and it officially boycotts Israeli products and bars its citizens from traveling there. However, never before has the country banned films that Gal Gadot, the film’s female star, including installments of the Fast and Furious series and Batman v. Superman: Dawn of Justice, has appeared in. Weeks of May 29 & June 5, 2017 2 of 9 MOBILE Smartphone/ U.S. smartphone market share for the first quarter of 2017, according to Market Share Counterpoint Research, as reported by The Wall Street Journal: Smartphone Market Share Apple 30% Samsung 21% LG 19% ZTE 9% Alcatel 6% Motorola 5% Other 10% MOVIES Screenvision Screenvision, the nation’s second largest seller of movie advertising, has retained investment bank Moelis & Co. to explore the possible sale of the ad firm. MUSIC Vivendi/Universal Rumors are circulating that French media conglomerate Vivendi is contemplating selling a minority stake in its Universal Music Group – a departure from its longstanding opposition to selling any part of California-based Universal. Note: In 2016, the industry’s global revenue from recorded music grew by 6% to $15.7 billion, the largest year-over-year gain since the International Federation of the Phonographic Industry started tracking the market in 1997. PERSONALITIES Gregg Allman Gregg Allman, a founding member of the Allman Brothers Band and Rock & Roll Hall of Famer, has passed away. He was 69 years old. Zbigniew Brzezinski Zbigniew Brzezinski, security advisor to President Jimmy Carter in the tumultuous years of the Iran hostage crisis and the Soviet invasion of Afghanistan in the late 1970s, has passed away. He was 89 years old. Henderson Island A new study published in the Proceedings of the National Academy of Sciences reported that Henderson Island, an uninhabited South Pacific atoll located between Chile and New Zealand, possesses an estimated 17.6 tons of man-made debris on the shores, which translates into 38 million pieces of trash. Memorial Day National motor club AAA proJects that 40 million Americans, including 34.6 million in cars, traveled 50 miles or more during the three-day holiday weekend, the highest volume since 2005. Sir Roger Moore Sir Roger Moore, the longest running James Bond, featured as the lead for 7 of the franchise’s theatricals (beginning with 1973’s Live and Let Die and ending with 1985’s A View to A Kill), has passed away. He was 89 years old. Ringling Brothers After 146 years, Ringling Brothers and Barnum & Bailey circus is no more. Weeks of May 29 & June 5, 2017 3 of 9 PUBLISHING Newspaper According to the latest annual Pew Research Center study, in 2016 total U.S. daily Circulation newspaper circulation – which combines print and digital – fell an estimated 8% to 35 million for weekday and 38 million for Sunday. The estimated newspaper ad revenue for 2016 was $18 billion – a 10% decrease from 2015. Sports Illustrated/ For the first time in its history, Sports Illustrated is partnering with a swimwear RAJ Swimwear design house, RAJ Swim, to create its own swim and active apparel collections. To coincide with the launch of the annual Sports Illustrated Swimsuit Issue, the collection will be available in early 2018, with a first look scheduled for this summer. RETAIL Amazon Store Amazon has opened up a brick and mortar Amazon Store in New York’s Columbus Circle luxury shopping environ. The Columbus Circle store is Amazon’s seventh physical retail store and the first of three planned for the New York area before the end of the summer. A second is planned for 34th street in Midtown Manhattan with a third set to open in the nearby Westfield Garden State Plaza mall in Paramus NJ. Primary goal: sell books but along that Journey, other Amazon products. Michael Kors High-end designer fashion chain Michael Kors announced that it will shutter 100 to 125 stores. As of April 1, the company had 827 full price or outlet stores and another 133 licensed, for a total of 960 worldwide. Payless Shoe Payless Shoe Source, which filed for Chapter 11 bankruptcy protection in April, is Source asking a federal bankruptcy Judge for permission to close up to 408 additional stores. Taken together, the 800-some locations would represent about 20% of Payless’s total locations worldwide. RadioShack Electronic retailer RadioShack announced that it has closed more than 1,000 stores during Memorial Day weekend. The company will continue to operate 72 company owned and about 500 dealer owned stores. SOCIETY Gerrymandering/ The Supreme Court struck down two North Carolina congressional districts, ruling North Carolina that lawmakers had violated the Constitution by relying too heavily on race in drawing them – in other words, packing black voters into a few districts in order to dilute their voting power. Visa Overstays More than 600,000 foreign travelers who legally entered the United States in 2016 overstayed their visas and remained in the country at the end of the year, according to the Department of Homeland Security. Those “visa overstays” represented only 1.25% of the 50 million travelers who arrived through the nation’s airports and seaports. People who overstay their visas make up an estimated 40% of the 11 million undocumented immigrants who live in the U.S. Weeks of May 29 & June 5, 2017 4 of 9 SPORTS NBA/Golden State NBA Franchise Golden State Warriors became the first team in league history to Warriors start the playoffs with a 12-0 record and have not lost since April 10, the next to last game of the regular season. THEME PARKS Disney/Avatar Disney opened its newest attraction Pandora The World of Avatar, a $500 million attraction at Walt Disney World’s Animal Kingdom near Orlando, FL.