Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Visa to Move European Headquarters to London’s Canary Wharf 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
YouTube, an online video sharing and social media platform headquartered in San Bruno, California, just announced a major change in its executive management as Robert Kynci has stepped down.
YouTube confirmed his departure and mentioned that it had appointed Mary Ellen Coe to take over as the new chief business officer. The new CBO’s appointment is effective starting Oct. 3.
Prior to her new assignment, Coe was the president of global consumer solutions at Google. For a smooth turnover of his role to his successor, Knyci will be staying at YouTube until the transition process is completed.
As per CNBC, Kynci is a long-time executive at YouTube but revealed his plan to leave the company on Monday, Aug. 29. His departure will end his 12-year tenure at the most dominant social video platform in the United States.
The outgoing chief business officer started working at the company in the third quarter of 2010. Before this, he had worked as vice president of content at Netflix for almost eight years.
His experience at major companies such as Netflix and YouTube made him an expert that most media executives consult for some advice. It was said that former Disney chief Bob Iger was one of those high-ups that viewed Knyci as a great “go-to” source of know-how.
Variety reported that YouTube’s chief executive officer, Susan Wojcicki, sent out an internal memo on Monday to inform employees about Knyci’s departure while also reminding them that under his leadership, YouTube was able to establish new relationships and partnerships in various industries such as technology, music, and traditional media “while paying creators, media firms, and artists over $30 billion in the last three years.
“Given the complexity of our business, I appreciate that Robert is going to stay on to ensure a smooth transition of leadership and complete key projects in music and product partnerships,” part of the memo to employees that was obtained by Variety reads.
She added, “I want to thank Robert for his dedication to YouTube all these years. He is exceptional at what he does and I’m so grateful for the many years we’ve been able to work together. I will miss his candor, authenticity and humor. And please join me in welcoming Mary Ellen to YouTube.”
