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Digital Economy

Alphabet CFO Ruth Porat named President and Chief Investment Officer with the brief to focus on engagement with policymakers

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Google parent company Alphabet has disclosed that its Chief Financial Officer Ruth Porat will assume the role of President and Chief Investment Officer of Alphabet and Google, effective on September 1.

In this newly created position, she will be responsible for Alphabet’s investments in its Other Bets portfolio, working closely with Alphabet and Google CEO Sundar Pichai, and the company’s investments in countries and communities around the world.

She will also "focus on engagement with ...

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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).

Creative Industries

Listed music companies’ market cap up 2.4% to $217.5bn in Q2 2024 — report

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Music industry listed companies had a combined market capitalisation of $217.5 billion at the end of June 2024, up 2.4% compared with $212.4bn at the start of April and up 11.9% compared to $194.2bn at the beginning of the year, according to the Omdia's Music Industry Sharewatch, 2Q24. The combined market cap of the 28 companies tracked by Omdia ended June at $217.5bn.

According to Omdia's report, Spotify overtook Universal Music Group (UMG) as the biggest music industry company in market c...

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Digital Economy

Beatport teams up with fraud detection company Beatdapp Software to combat fraudulent stream manipulation

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DJ-centric platform Beatport has joined forces with fraud detection specialist Beatdapp Software "to ensure the authenticity of every stream on Beatport’s platform while eradicating fraudulent activities."

Beatport said that by integrating Beatdapp’s fraud detection technology, the platform will be able to deliver daily, weekly, and monthly streaming charts "devoid of manipulation or fraud, providing users with accurate insights into music trends and consumption patterns."

"At Beat...

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Digital Economy

Ticketmaster is integrating Shazam to facilitate the identification of concerts

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Ticketing company Ticketmaster is integrating Apple-owned music discovery app Shazam, following similar integrations with short format social network TikTok and instant messaging app Snapchat. The integration that will allow consumers to discover tickets to live events through social, entertainment and music apps.

Through these partnerships, Ticketmaster wants to make it "easier than ever for artists to connect fans to their live events." American singer and songwriter Meghan Trainor...

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