UM, the full-service marketing and media agency network of IPG Mediabrands, has announced the appointment of Dawn Reese to sr. VP, managing director of UM Studios, the agency’s creative content unit. Reese will report to Brendan Gaul, UM global chief content officer and head of UM Studios, which was back in June awarded its first Cannes Lions Grand Prix, in the Entertainment Lions competition, for the documentary film, 5B, commissioned by client, Johnson & Johnson.
Named after San Francisco General Hospital’s ward 5B which opened in 1983 as the first full-fledged hospital unit dedicated to treating people with AIDS, the documentary was directed by Dan Krauss of Saville Productions. The moving film shows the positive power of nursing, continuing a theme which Johnson & Johnson has championed over the years.
In her new role, Reese will lead the UM Studios team and practice across all U.S. offices, partnering with client business leaders to create strategic business plans and oversee creative content strategies that drive client business objectives. She will also focus on analyzing key metrics to help teams implement solutions that will drive clients’ market share, revenue, brand affinity and more.
“With more than 20 years of media and marketing experience, Dawn brings the perfect mix of strategic vision and creative agility to the UM Studios team,” said Gaul. “As a passionate, results-driven leader, I am confident that Dawn will take our creative content to new heights, further cementing us as a leader in the space and delivering on our promise to bring better art to life for our clients.”
Reese formerly served as EVP, client studios at StyleHaul, where she oversaw sales and marketing across the U.S. and U.K., generated more than $20 million in branded content and social media campaigns and played a key role in securing new business. Before that, as an integrated executive director at Marie Claire, Reese executed on revenue-generating digital marketing campaigns and native advertising solutions. Reese has also held leadership positions at Condé Nast, InStyle and Time Inc.
“The UM Studios team is renowned for its ability to tell rich and authentic stories that drive tremendous value and ROI for clients,” said Reese. “I’m thrilled to join this extraordinary team and look forward to delivering best-in-class content across all platforms.”
Changing OpenAI’s Nonprofit Structure Would Raise Questions and Heightened Scrutiny
The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion.
Nonprofit tax experts have been closely watching OpenAI, the maker of ChatGPT, since last November when its board ousted and rehired CEO Sam Altman. Now, some believe the company may have reached — or exceeded — the limits of its corporate structure, under which it is organized as a nonprofit whose mission is to develop artificial intelligence to benefit "all of humanity" but with for-profit subsidiaries under its control.
Jill Horwitz, a professor in law and medicine at UCLA School of Law who has studied OpenAI, said that when two sides of a joint venture between a nonprofit and a for-profit come into conflict, the charitable purpose must always win out.
"It's the job of the board first, and then the regulators and the court, to ensure that the promise that was made to the public to pursue the charitable interest is kept," she said.
Altman recently confirmed that OpenAI is considering a corporate restructure but did not offer any specifics. A source told The Associated Press, however, that the company is looking at the possibility of turning OpenAI into a public benefit corporation. No final decision has been made by the board and the timing of the shift hasn't been determined, the source said.
In the event the nonprofit loses control of its subsidiaries, some experts think OpenAI may have to pay for the interests and assets that had belonged to the nonprofit. So far, most observers agree OpenAI has carefully orchestrated its relationships between its nonprofit and its various other corporate entities to try to avoid that.
However, they also see... Read More