In today's ExchangeWire news digest: major US workers' union opposes the proposed Kroger-Albertsons merger; ByteDance delays bringing its shopping platform to the US; and Disney+ loses 4 million subscribers as SVOD subscriptions cool.
A proposed USD$24.6bn (~£19.4bn) deal to merge Kroger and Albertsons has been rejected by the United Food and Commercial Workers International Union (UFCW). The union announced that delegates representing 1.3 million of its members unanimously agreed to oppose mergers such as Kroger-Albertsons on the basis that they “pose a threat to essential workers, their families, and the communities they serve.”
TikTok-parent ByteDance has postponed extending its shopping platform to the US as data privacy concerns steer merchants away from joining. Originally intended to launch in Spring 2023, TikTok’s live streaming e-commerce feature will not rollout in the US until June at the earliest as the company works around merchants’ concerns that the app could be banned in the country.
Entertainment powerhouse Disney has revealed that its flagship streaming service Disney+ lost 4 million subscribers in the first quarter of 2023. Competitor platforms Netflix and Warner Bros. Discovery recorded modest increases of 1.75 million and 1.6 million subscribers respectively, indicating a cooling of the streaming boom.
The Value of Attention in Ad Tech's New Era – Q&A with Gregor Smith, SmartFrame
Scale & Targeting on the Open Web: Interview with Rafael Amieva, Outbrain
Brightbid Release White Paper on Search Wars
Adelaide & ADYOULIKE Partner to Launch High-Attention Auction Packages
Want to see your latest press releases featured on ExchangeWire? Email info@exchangewire.com to find out more about our PressBox service.
+30% – the increase in TikTok's revenue in 2022.
Adform, the most powerful and safe media buying platform built for game changers, celebrates today…
Opti Digital, a premium ad revenue platform, unveils a new brand identity that embodies its…
In today’s Digest, Ireland pushes for Big Tech to vet financial ads, Warner Bros. Discovery…
We look at some of the key findings from this year’s All In Census (created…
This week, Google dominated headlines with bold moves across content, advertising, and AI, while lawmakers…
Intent IQ, a leading provider of identity resolution and data technology, today (May 8th, 2025)…