Disney pulls out their advertising from Facebook
Disney has joined other companies like Starbucks, Unilever, Adidas, and has pulled out their advertising from Facebook. Disney has significantly reduced spending on the social network and Instagram amid concerns on the company’s inaction over the spread of hateful content on its platforms.
According to media reports, the company has also paused their ad spending on Facebook-owned Instagram for it’s another streaming service called Hullu.
According to reports, Disney spent nearly $210 million for Disney Plus ads on Facebook in the US in the first half of 2020. It spent $16 million for Hulu ads on Instagram between April 15 and June 30.
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