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Digital Economy

Global OTT film and TV revenues to grow 33% between 2023 and 2029 to $215bn

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Global revenues from over-the-top (OTT) video (TV and movies) will reach $215 billion in 2029, up 33% from $162bn in 2023, according to data from Digital TV Research..

The $53bn increase will mostly come from SVoD, which will grow by $19bn between 2023 and 2029 to reach $127bn. AVoD (advertising video-on-demand), which is expected to

Source: Digital TV Research

The US territory will continue to be the dominant market "by some distance" but its share of global revenues will drop from ...

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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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Jaxsta rebranded as Vinyl Group

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Australian Stock Exchange-listed music credits database company Jaxsta has rebranded as Vinyl Group, in a move that reflects the recent changes in the structure of the company, which now incorporates three distinct businesses — data with Jaxsta, music services and digital distribution with Vampr, and vinyl selling platform Vinyl.com.

"This new identity is more than just a name change. It represents a unified vision for our future — a future where our technology and products are more inter...

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Digital Economy

Spotify is shedding 17% of its workforce in a move designed to ‘rightsise’ costs

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Spotify CEO Daniel Ek has informed the music streaming company's staff that 1,500 of them, or 17% of the company's 9,200 employees, will be losing their jobs as part of "organisational changes" designed to "rightsise" costs.

"Over the last two years, we’ve put significant emphasis on building Spotify into a truly great and sustainable business — one designed to achieve our goal of being the world’s leading audio company and one that will consistently drive profitability and growth into the f...

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Creative Industries

Quotes of the Week — Week 46, 2023

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"When I decided to join Microsoft, it was clear that was the best path for me and the team. With the new board and with Satya’s (Nadella) support, I’m looking forward to returning to OpenAI, and building on our partnership with Microsoft."By Sam Altman, explaining on X why he is back at the helm of OpenAI three days after being sacked by the board, hired by Microsoft, receiving the support of 700 out of 770 Open AI employees, and re-hired as CEO of the company. Even ChatGPT would not have been ...

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