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Digital Economy

Video games sales continued to drop in July 2022, going back to their pre-Covid levels

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4 years ago

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Video games sales in the US have experienced another drop in July 2022, with total revenues down 9% year-over-year to $4.17 billion, according to NPD Group unveiled by Seeking Alpha, which noted that sales are getting back to their pre-pandemic levels. This decline follows an 11% drop in June, and a 19% drop in May. The drop was mostly due to declining sales of content, down 10% to $3.67bn y-o-y. In July, accessory spending was down 22% to $148.0m, with hardware sales up 12% y-o-y to $362m.

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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

Netflix taps Jay Hoag as Chair of ‌the Board

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1 week ago

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June 6, 2026

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Netflix has appointed Jay Hoag to replace Reed Hastings as Chairman of ‌the Board of the video streaming platform, according to an SEC filing. Hastings announced earlier this year that he would be stepping down before the summer from the Board of the company he co-founded nearly three decades ago and grew from a DVD mail order service to the world's largest video streaming platform. In the future he will be focusing on ​focus on philanthropy and other ​projects. Hoag is the co-founder of growt...

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Digital Economy

Suno valued at $5.4 billion following a $400 million Series D funding round

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1 week ago

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June 5, 2026

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Music AI company Suno has raised over $400 million in Series D funding, which values the company at $5.4bn, in a round led by Bond Capital, alongside IVP, Forerunner, Union Square Ventures, Alkeon and Quiet, with participation from existing investors Matrix, Lightspeed, Menlo Ventures, and Schroders Capital. The last funding round in November 2025 valued the company at $2.45bn. "As with our previous funding rounds, we’re thrilled to have participation from some of the best artists, producers, so...

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Creative Industries

Calendar — Week 23, 2026

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2 weeks ago

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June 2, 2026

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JUNE 2026 – June 3-7: Primavera Pro ’26 in Barcelona. – June 4: General Assembly of the International Confederation of Societies of Authors and Composers (CISAC) in Paris, as the global organisation celebrates its Centenary. – June 8-11: A2IM Indie Week at the InterContinental Times Square in New York. – June 8-13: The 23rd Tokyo International Music Market (TIMM 2026) in the Shibuya area. – June 18: MusicAlly NEXT at Steel Yard in ...

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