Bertelsmann plans to increase its spending on creative content in the years ahead: The international media, services, and education company already spends a good five billion euros a year on video content, book rights, magazines, catalog acquisitions and contracts with artists in the music sector. In the current year, expenditures of around 5.4 billion euros are planned for this purpose; in the years to come, this figure is expected to rise to just nearly 6 billion euros. Add to that possible payments for acquisitions of creative companies. Thomas Rabe, Chairman & CEO of Bertelsmann, said: “Bertelsmann places creativity at the core of its value creation and corporate culture. As Europe's largest media company, high-quality content is at the heart of our business. We invest in artists and creative formats accordingly. In the years ahead, we will further increase our investments in this area because we believe in the value of creative content. Digitalization enables us to reach a global audience with our products and brands.” Click Read More below for additional information.
In response to the devastation caused by Hurricane Michael, Walmart, Sam’s Club, and the Walmart Foundation are committing up to $1.5 million of cash and in-kind support for relief and recovery. In addition, $1 million from the Walmart 2018 Hurricane Relief Fund held at Foundation For The Carolinas will support Red Cross efforts for those most impacted in Florida, Georgia and the Carolinas.
This commitment will support organizations like the American Red Cross, Salvation Army and Convoy of Hope to help meet the needs of those affected by Hurricane Michael. In addition, Walmart customers will have the opportunity to give online as part of the Walmart 2018 Hurricane Relief Fund at Foundation For The Carolinas, helping communities within the U.S. with hurricane relief and recovery needs. All funds donated through the donation site will go into a donor advised fund being managed by Foundation For The Carolinas and will be granted out from that fund for hurricane relief to nonprofits working on the response.
In emergencies like this the company’s first priority is the safety of associates. Walmart and Sam’s Club work to take care of associates and their families by communicating with store and club location management teams, reminding associates of emergency procedures and what to do during and after the storm. Other company efforts in response to the storm include:
•Providing support to associates who have been impacted with disaster-support assistance, setting up support centers in the impacted areas, and proactively calling associates to conduct wellness checks.
•Providing prescriptions and immunizations to customers during and after this emergency through Walmart and Sam’s Club pharmacies, which will be open as long as conditions are safe for customers and associates.
•Working with suppliers to help stores and clubs stay in stock. Walmart stores and Sam’s Clubs will be prepared to open up as soon as possible so they can support communities in the affected area, and company pharmacies will also work with patients who might be displaced or have previously received prescriptions from another pharmacy.
•Centralizing relief efforts through the Walmart Emergency Operations Center (EOC) which operates 24 hours a day tracking storm impacts and supporting associates’ needs and well-being. The EOC also facilitates store recovery, and is supporting community relief efforts in the impacted regions.
•Activating emergency support teams dedicated to helping stores and club locations during critical events such as this one and providing subject-matter experts in logistics and emergency management to assist local emergency operations centers.
Walmart has a long history of providing aid in times of disasters, helping communities prepare and recover by donating emergency supplies, such as food and water, home and personal products. In addition to last year’s hurricane response of more than $38 million, Walmart and the Walmart Foundation have donated more than $60 million since 2005 in cash and in-kind donations in response to disaster events.