With ByteDance's fast-growing social media app TikTok naming Kevin Mayer, the Disney executive who oversaw the launch of streaming service Disney+, its new CEO, Wall Street analysts weighed in on the appointment and what it means for the broader sector.
, the Disney executive who oversaw the launch of streaming service Disney+, its new CEO late Monday, Wall Street analysts weighed in on the appointment and what it means for the broader sector.
"We likely gained some valuable insight about the strategic ambitions of TikTok by way of the company’s new CEO hire," Evercore ISI analystwrote in a Monday evening report."Ultimately, we think TikTok naming a well-tenured Disney executive as its CEO speaks more to a company looking to join the ranks of the media establishment rather than break them."
Calling Mayer"the ultimate established media executive," the analyst said"it’s fair to say that Mr. Mayer would be at the top of the list for new CEO wish lists in digital media." And he argued that TikTok was"likely to need a CEO capable of navigating a myriad of issues related to collecting user data and being owned by ByteDance, a Chinese internet company."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
NCT 127's 'Beyond the Origin' Live Stream: Best MomentsFrom the live premiere of new songs &34;Punch&34; and &34;Make Your Day&34; to hi-tech displays and more, here are the best moments from NCT 127&39;s concert May 16.
Weiterlesen »
Roger Waters Performs Pink Floyd's 'Mother' While Socially Distanced: WatchThe struggle of not being with friends and loved ones during the coronavirus pandemic is being felt by many, including Roger Waters. See his performance.
Weiterlesen »
NAV's 'Good Intentions' Debuts at No. 1 on Billboard 200NAV&39;s &34;Good Intentions&34; debuts at No. 1 on the Billboard 200 albums chart, while Kehlani, Lil Durk and Bad Bunny&39;s latest efforts also start in the top 10.
Weiterlesen »
'RuPaul's Drag Race' Reunion & Finale Filmed VirtuallyVH1 announced that both the upcoming reunion and finale episodes of RuPaul&39;s Drag Race have been filmed virtually.
Weiterlesen »
Future's 'High Off Life': Every Song RankedBillboard sifts through Future&39;s eighth LP and ranks every song from &39;High Off Life&39;.
Weiterlesen »