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Creative Industries

Key figures — Week 38, 2022

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€11 billion That's the budget of the French Ministry of Culture for 2023, up €527 million from the previous year, according to the budget presented by Minister of Culture Rima Abdul-Malak. The budget includes a €3.8bn allocation to finance the public broadcasting system. $3.4 billion That's the sales of non-fungible tokens (NFTs) during the third quarter of 2022, down from $8.4bn in Q2 and $12.5bn at the market's peak in Q1, according to blockchain tracker DappRadar. Reuters noted that cryp...

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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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Creative Industries

Sony Music Publishing and Amusement sign Jon Buscema to a global agreement

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Sony Music Publishing, in partnership with producer and songwriter Daniel Nigro's publishing venture Amusement, have signed Los Angeles-based songwriter and producer Jon Buscema to a global publishing deal. Buscema said, “Finding the right team can be one of the more challenging aspects of navigating the music industry. With Dan, Amusement, and Sony, I feel I’ve finally found a group of people who share a passion for developing artists and put music first. I’m incredibly grateful for the opportu...

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Creative Industries

ICMP taps UMPG’s John Reston as Chair of the Industry Metrics Expert Group

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The International Confederation of Music Publishers (ICMP) has appointed John Reston, President of Global Administration at Universal Music Publishing Group as Chair of ICMP’s Industry Metrics Expert Group, and Damian Rinaldi, CEO of AMPAL (Australasia's MPA) and Kobalt Music Group Asia Director Frederica Wong as the new Chair and Vice Chair of ICMP Global Regional Group – Asia Pacific.

UMPG's John Reston

ICMP's Industry Metrics Group was recently formed as part of ICMP’s structural evolution,...

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Global video and TV content investment will grow to $255 billion in 2026, up 2%

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Global AV content investment will reach $255 billion in 2026, up 2% year-on-year, according to new forecasts published by research from Ampere Analysis. Growth will be driven by sustained investment from global streaming platforms, while traditional broadcasters will feel pressures from the advertising market and the ongoing consumption shift towards video platforms. In 2026, streamers are expected to post a 6% growth in expenditure, according to Peter Ingram, Research Manager at Ampere Analysi...

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