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Digital Economy

Alphabet’s revenues were up 13% while profits were down 14% in Q2 2022

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6 months ago

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Google’s parent company Alphabet posted revenues up 13% to $69.7 billion during the second quarter, with a net profit of $16bn, down 14% from the same period a year ago.

Alphabet and Google CEO Sundar Pichai said the company performance during the quarter was "strong," and that it benefited from "momentum in Cloud," which surpassed the $6bn quarterly revenue mark for the first time. Total Google Services revenues were up 10% to $62.8bn.

Advertising sales were up 13% to $40.7bn, showing t...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Digital Economy

Comcast-owned streaming service Peacock ended 2022 with 20 million paid subs

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13 hours ago

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January 27, 2023

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Video streaming service Peacock has passed the 20 million subscribers mark at the end of 2022, according to financial information released by parent company Comcast.

The service added 5 million subscribers in the last quarter of 2022, delivering the best quarterly result since its launch in 2020. The company said the good performance was fueled by live sports, recent films and originals.

Elsewhere in the group, entertainment division NBCUniversal posted adjusted EBITDA up 4.9% year-on-yea...

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Creative Industries

Quotes of the week — Week 4, 2023

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2 days ago

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January 26, 2023

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“[2023] will be an important year given the rapid advancements in AI. There’s a paradigm shift with AI and I think, with the concentration of talent we have and work we will do here, will be a big draw and I hope it will continue to be. We have to keep earning it."By Alphabet CEO Sundar Pichai, during a town hall meeting following the announcement that the company was laying off 15,000 employees. According to CNBC, Pichai pleaded with staffers to remain motivated as Google faces heightened comp...

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Creative Industries

Main stories — Week 4, 2023

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2 days ago

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January 26, 2023

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Here's a list of stories published this week by Creative Industries News:

LEAD STORY>US Justice Department starts legal action against Google for alleged anticompetitive behaviour in the digital advertising market

COPYRIGHT & REGULATION> Spotify and Deezer urge the European Commission to put an end to Apple’s ‘anticompetitive and unfair practices’> John Asein renewed for four years at the helm of the Nigerian Copyright Commission

LITIGATION> Delhi High Court...

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