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Netflix headquarters in Los Gatos, California

Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

Nia Warfield

Netflix is making it easier for advertisers to get in front of its growing ad tier audience. The streamer announced a deal with Amazon Ads that will let brands buy Netflix ad space directly through Amazon’s demand-side platform (DSP).

The rollout begins in Q4 across 11 markets including the US, UK, Canada, Japan, and Germany. For marketers, it means one-stop shopping: they can use Amazon’s ad tools to plan, buy, and measure campaigns that now include Netflix shows and movies.

“We’re delighted to enter into this partnership with Netflix, enabling brands to reach their subscribers and extensive library of premium content with Amazon DSP, said Paul Kotas, senior vice president of Amazon Ads. Our goal is to remove the guesswork for advertisers by making it simple to manage all of their TV planning and buying with Amazon Ads.”

For Netflix, the tie-up boosts its credibility in the streaming ad wars against rivals like Disney+ and Hulu. For Amazon, the partnership adds a high-profile partner to its growing ad empire just as brands gear up for the holiday season.

While Netflix no longer breaks out total subscriber numbers, its ad-supported tier has been gaining traction since the streamer’s password-sharing crackdown. In May, Netflix said the discounted plan had hit 94 million users despite being less than 3 years old.

Amazon shares were down about 2.5% Wednesday afternoon, while Netflix shares were flat.

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

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Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it

The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.

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