A-list guests are descending on Sun Valley for the annual Allen & Co. conference. Here’s who’s been spotted at one of the business world’s most exclusive events.

Reed Hastings and Ted Sarandos walk with suitcases at Sun Valley 2021
Reed Hastings and Ted Sarandos, co-CEOs of Netflix, arrive at the Allen & Co. Sun Valley Conference on July 06, 2021.

  • A-list guests have arrived in Sun Valley, Idaho, the site of the annual Allen & Co. conference.
  • The ultra-exclusive event lures some of the biggest names in finance, tech, and media.
  • Sheryl Sandberg, Reed Hastings, Ted Sarandos, Doug McMillon and dozens more have arrived so far.
  • See more stories on Insider’s business page.

The Sun Valley conference is officially in full swing.

This week, A-listers from the worlds of tech, media, and finance are descending upon Sun Valley, Idaho, for a week of networking, panel discussions, and outdoor pursuits hosted by private investment bank Allen & Co.

The annual event, which was canceled last year due to the pandemic, has historically been a breeding ground for blockbuster deals: Jeff Bezos’ purchase of The Washington Post was born out of conversations at Sun Valley, and Disney’s $19 billion acquisition of ABC was hatched at Sun Valley as well.

Read more: Big brands like Nike and Neiman Marcus are snapping up tech companies as e-commerce takes off and first-party data becomes paramount

While we’ll have to wait and see what comes of this year’s conference, we can at least get a glimpse of which moguls have arrived at this year’s ultra-exclusive enclave.

Facebook COO Sheryl Sandberg and her husband, Tom Bernthal

Sheryl Sandberg and her husband Tom Bernthal holding hands

SoFi CEO Anthony Noto

Anthony Noto walks out of Sun Valley Lodge

David Zaslav, CEO of Discovery Communications

David Zaslav is interviewed by reporters at Sun Valley

IAC Chairman Barry Diller

Barry Diller behind the wheel of a car smiling

Reed Hastings and Ted Sarandos, co-CEOs of Netflix

Reed Hastings and Ted Sarandos walk with suitcases at Sun Valley 2021
Reed Hastings and Ted Sarandos, co-CEOs of Netflix, arrive at the Allen & Co. Sun Valley Conference on July 06, 2021.

Aurora CEO Chris Urmson

Chris Urmson lifts car tailgate while wearing face mask

Former hedge fund manager Stanley Druckenmiller

Stanley Druckenmiller exits white SUV at Sun Valley

Rakuten CEO Mickey Mikitani

Mickey Mikitani arrives at Sun Valley wearing sunglasses

Greg Maffei, CEO Liberty Media and chairman of Live Nation Entertainment

Greg Maffei adjusts face mask while walking

Comcast CEO Brian Roberts

Brian Roberts waves while getting out of car at Sun Valley

Dan Rose, Facebook’s vice president of partnerships

Dan Rose gets out of SUV at Sun Valley

Disney chairman Bob Iger

Bob Iger walks into Sun Valley Lodge

Snowflake CEO Frank Slootman

Frank Slootman wearing a mask while walking out of Sun Valley Lodge

Walmart CEO Doug McMillon

Doug McMillon gets out of car at Sun Valley

Mary Barra, CEO of General Motors

Mary Barra removing face mask at Sun Valley

Retired US Army General David Petraeus arrives for the conference.

David Petraeus walks holding smartphone at Sun Valley

Disney CEO Bob Chapek

Bob Chapek looking at camera wearing blue shirt

Former AOL CEO Tim Armstrong

Tim Armstrong waves while looking over shoulder

Brain Grazer, the founder of Imagine Entertainment, and his wife, Veronica Smiley

Brian Grazer walks smiling with Veronica Smiley at Sun Valley

Verizon CEO Hans Vestberg

Hans Vestberg waves while holding water bottle next to "Private Function" sign

Jason Kilar, CEO of WarnerMedia

Jason Kilar holds his mask and talks to someone at Sun Valley

Activision Blizzard CEO Bobby Kotick

Bobby Kotick puts suitcase on hotel trolley

Shari Redstone, chairman of ViacomCBS

Shari Redstone smiling while walking

Jeff Shell, CEO of NBCUniversal

Jeff Shell smiles while holding bag

Survey Monkey CEO Zander Lurie

Zander Lurie holding folder while arriving at Sun Valley

Former New York City mayor and former presidential candidate Michael Bloomberg

Michael Bloomberg arrives at Sun Valley

Robert Kraft, owner of the New England Patriots

Robert Kraft points while standing outside wearing sunglasses

IAC CEO Joey Levin

Joey Levin standing at fence outside Sun Valley Lodge

Nike CEO John Donahoe and his wife, Eileen

John Donahoe and his wife Eileen walk together
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Handicapping Hollywood’s new power players

Hi and welcome to the Insider Advertising newsletter. I’m Lucia Moses, and this week in advertising and media news:

First, if you got this newsletter forwarded, sign up for your own here.


David Zaslav Sun Valley
David Zaslav, chief executive officer of Discovery Communications.

Hollywood’s new power players

The planned Discovery-WarnerMedia merger now has a name (“Warner Bros. Discovery”), even if it’s not set to close for another year.

Still, talk is rampant about who will help David Zaslav run the entertainment behemoth.

Much has been made of Zaslav’s history as a cost-cutter and who’ll be at risk from plans to find $3 billion in synergies.

But Hollywood insiders told Claire Atkinson and Ashley Rodriguez they expect the proposed company to prioritize restoring Warner Bros.’ past glory and nurturing its relationships within the industry, after the once-creator friendly studio damaged some of its relationships under AT&T’s reign, particularly when WarnerMedia CEO Jason Kilar shook up the theatrical release schedule.

See what insiders think about who could be in the hot seat – and who Zaslav could eye to replace them.

Read the rest here: Insiders are speculating about the future of these 9 key execs at Discovery-WarnerMedia


openX
A view of the OpenX coffee bar at Advertising Week 2015 in New York City.

Adtech’s next deal?

Lara O’Reilly got a scoop that OpenX, which helps publishers and developers sell online ads, is looking for a buyer.

The pandemic downturn wasn’t kind to advertising-reliant companies. OpenX laid off, furloughed, or cut hours for 15% of its staff in April 2020.

But adtech stocks have soared as those companies have benefitted from the rise of streaming TV and online shopping, attracting private equity investment in particular.

Some are asking how long the good times will last. Google and Facebook still dominate the digital ad market; adtech is largely commoditized; and a new privacy era could challenge many adtech companies’ core business of helping target ads at people.

Read the rest: Adtech company OpenX is exploring a possible sale, sources say


flight attendant mask covid
Flight attendants they have gotten sick less due to pandemic-era cleaning protocols.

How agencies are approaching travel

After a crushing 2020, ad agencies are hiring again as clients start spending.

It’s a welcome sign for an industry that shed nearly 50,000 jobs last year as clients slashed spending.

But after working remotely for a year, some have mixed feelings about going back to the way things were, especially when it comes to in-person client meetings, Lindsay Rittenhouse reports.

Advertising is a relationship-based business where weekly flights used to be the norm, but many have gotten used to more flexible schedules.

It’ll be interesting to see to what extent the industry accepts that a lot of the work that used to be done in person can be done remotely – or if the pressure to show up will prevail.

Read the rest: Marketers are seeking facetime with their agencies again, but some ad execs don’t want to return to crazy pre-pandemic travel schedules


Other stories we’re reading:

That’s it for today. Thanks for reading, and see you next week!

– Lucia

Read the original article on Business Insider