The deal bolsters Fandango's streaming assets.
| | | | | Digital | | April 21, 2020 |
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| NBCU's Ticketing and VOD Service Fandango Acquires Walmart-Owned Vudu | |
| | NBCUniversal’s ticketing and video-on-demand company Fandango has agreed to acquire streaming service Vudu, the companies announced today, the latest in a string of such acquisitions as the adoption of streaming accelerates. The deal, terms of which were not disclosed, will significantly bolster the ad-supported streaming assets at Fandango, which is primarily a ticketing service that earns a percentage of the tickets it sells online. Please consider supporting our journalism with an Adweek Pro Subscription and gain full access to all of Adweek's essential coverage and resources. | | | |
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| | Meredith, Publisher of People and Real Simple, Sets Temporary Pay Cuts | |
| | About 2,250 employees (45% of staff) will see a 15% pay reduction; another 750 employees (15% of staff) will have their pay cut by between 20 percent and 40 percent from May 4 to Sept. 4. The remaining 2,000 employees won’t see a reduction in pay. Meredith will also freeze hiring and salary increases, and reduce its budget for freelancers. | |
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