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Key figures — Week 46, 2022

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$13.8 billion That's the total spending on Augmented Reality (AR) and Virtual Reality (VR) expected this year, growing up to $50.9 billion in 2026, according to IDC reports. VR will take up 70% of AR/VR spending in 2022-2026. US and China to be the top two contenders for AR/VR spending. $10 billion That's how much TikTok is expected to earn in online advertising revenue in 2022, a 150% growth year-on-year, according to the short format platform forecast. Data firm Omdia estimates that ...

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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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IMPF unveils a series of key principles for CMO licensing models for Generative AI

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The Independent Music Publishers International Forum (IMPF) has issued a document listing key principles that collective management organisations should follow when licensing repertoire for Generative AI purposes. "Generative AI is rewriting the rules of the music ecosystem, at speed and scale we havenever seen before. For independent publishers and the songwriters and composers theyrepresent, this shift brings both opportunity and profound risk," reads the document.

IMPF, which represents h...

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Nicole Thomas upped to Managing Director of Virgin Music Group in South Africa

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Virgin Music Group has promoted Nicole Thomas to the position of Managing Director of the South African affiliate of the Universal Music Group-owned distribution and services company for the independent sector, based in Johannesburg. Thomas was previously Co-Country Manager of Virgin Music Group, South Africa. “Nicole has guided our South African business with a focus and energy that has made a real difference for our labels in the region,” said JT Myers, Co-CEO of Virgin Music Group. “Nicole’s...

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Creative Industries

Cris Lacy named Chair & President of newly rebranded Warner Records Nashville

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Cris Lacy has been named Chair & President of the newly rebranded Warner Records Nashville, formerly known as Warner Music Nashville. In this post, she reports to Warner Records Group CEO & Co-Chairman Aaron Bay-Schuck and COO & Co-Chairman Tom Corson. She served previously as Co-Chair & Co-President of Warner Music Nashville alongside Gregg Nadel who will be taking on "a new leadership role within Warner Music Group, with details to be announced shortly." WMG said Lacy's appoi...

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