With brief, occasional, italicized and sometimes gratuitous commentary…
• The Financial Times reports that in the UK, the Competition and Markets Authority "has designated Amazon as a grocer and placed it under new rules governing the way supermarkets treat their suppliers in the latest regulatory assault on the tech giant’s dominance … The groceries supply code of practice applies to retailers who generate more than £1bn from UK grocery sales. This includes prohibitions on companies making last-minute changes to supply contracts and ending agreements with no notice."
FT writes that "it is the latest blow to Amazon as the company battles antitrust probes worldwide and prepares for the imposition of new rules governing big tech currently being drafted by regulators in Brussels and the UK.
"In a regulatory notice, the CMA said Amazon’s entry into the UK grocery market through its acquisition of Whole Foods in 2017 and its Amazon Fresh delivery service and physical stores brought it in scope of its rules."
• When reporting its first fiscal quarter numbers yesterday, Walt Disney Co. said yesterday that it added more than 10 million subscribers to its paid streaming service, Disney+, growing it from 118.1 million subscribers in the prior quarter to 129.8 million subscribers in Q1.
The Wall Street Journal writes that Disney also "posted $21.82 billion in revenue for the quarter, compared with $16.25 billion a year earlier … Sales at its theme parks and consumer products division - which includes Walt Disney World and Disneyland resorts - were $7.23 billion, buoyed by increasing strength in outdoor travel. Analysts expected $6.36 billion. The company said its domestic parks and resorts reported record revenue and operating income."
I mention this here because it is more evidence than when given a reason to do so, people will continue to adopt to new forms of content consumption - people go to Disney+ to watch things like "Hawkeye" and "The Book of Boba Fett," part of the company's successful strategy of using existing intellectual property to expand and engage with audiences. And, when the time and content are right, Disney also is getting people to go back to theaters, to see things like "Spider-Man: No Way Home."
It is all about being customer-centric, not product-centric, in a customer-centric world.