Streetbeat News

Marketing

BUD

STZ

TAP

Influencer Dylan Mulvaney's association with Bud Light, a brand of Anheuser-Busch Inbev (BUD), has led to boycotts and a drop in the brand's market share and stock price. Mulvaney is open to working with another beer company. Bud Light has distanced itself from Mulvaney and is targeting NFL and college football fans. Other beer companies like Molson Coors (TAP) and Constellation Brands (STZ), owner of Modelo, have seen their stocks rise in 2023.

Portfolio Pulse from Chris Katje

September 14, 2023 | 9:39 pm

HITI

High Tide Inc. (NASDAQ:HITI) has launched Cabanalytics Consumer Insights, a digital publication providing insights into cannabis products. The publication will be sent to over 1.1 million ELITE and Cabana Club members, with plans to extend to a global customer database of 4.6 million. The company expects to generate high-margin ad revenue from brands and product manufacturers across the cannabis value chain.

Portfolio Pulse from Jelena Martinovic

September 14, 2023 | 3:02 pm

WBD

Warner Bros Discovery's upfront ad sales pricing was consistent with prior year levels, according to the CFO at the BOFA conference.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:16 pm

AMC

GCI

LYV

PARA

Taylor Swift's popularity continues to surge, breaking records in music, tours, and box office. Her tour led to a shutdown of the ticketing website Ticketmaster, owned by Live Nation Entertainment Inc (NYSE:LYV). Swift's success also led to increased media attention, with MTV, a unit of Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA), having a camera feed exclusively covering her. The Tennessean newspaper, owned by Gannett Co (NYSE:GCI), is hiring a reporter dedicated to covering Swift. Swift's 'Eras Tour' film will be shown in AMC Entertainment Holdings (NYSE:AMC) theaters, where it made over $26 million in pre-sale ticket sales.

Portfolio Pulse from Chris Katje

September 13, 2023 | 11:17 pm

GOOG

GOOGL

TWTR

Elon Musk, who acquired Twitter for $44 billion in 2022 and rebranded it as X, has been referring to the platform as Twitter during public appearances. Despite the name confusion, Musk has positive remarks about the platform, noting an increase in advertising and promising future developments. He also mentioned that Twitter is paying out revenue share of advertising to its creators, similar to Alphabet Inc's YouTube.

Portfolio Pulse from Chris Katje

September 13, 2023 | 10:56 pm

META

Meta Platforms has announced the launch of WhatsApp channels in India.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 5:29 pm

KO

Coca-Cola Co (NYSE:KO) has launched a new flavor for its limited-edition beverage line, 'Coca-Cola Y3000', which was created in part by artificial intelligence (AI) for flavor determination and package design. The company used AI to discern suitable flavor pairings and to influence the packaging's aesthetic. This is the first consumer-facing AI product from Coca-Cola, but the company has previously partnered with OpenAI to leverage AI tools for refining their brand and consumer experience.

Portfolio Pulse from AJ Fabino

September 13, 2023 | 4:58 pm

LULU

NKE

Lululemon Athletica Inc (NASDAQ:LULU) reported a 30% sales increase last year, outperforming its initial projections. The company's five-year strategic plan, “Power of Three x2,” focuses on product innovation, enhancing the guest experience, and expanding the market. Lululemon is also dealing with brand recognition challenges outside the U.S., U.K., and Australia. The company is focusing on geographical expansion, with a particular emphasis on China. Lululemon and Nike Inc (NYSE:NKE) have both invested in “experiential retail,” providing consumers with more reasons to visit physical stores.

Portfolio Pulse from AJ Fabino

September 13, 2023 | 4:17 pm

NFLX

Netflix Inc's CFO has stated that building an ad business from scratch is not an easy task, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:37 pm

CVNA

Carvana Co. (NYSE:CVNA) has adopted the Texas Department of Motor Vehicles' electronic odometer and sales disclosure tool to streamline the car buying process. The tool allows customers to complete their purchases entirely online, eliminating unnecessary paperwork. The company has been serving the Texas market since 2015, assisting almost 200,000 residents in finding their cars. Last month, Carvana launched same-day vehicle delivery in North Carolina.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 2:34 pm