Record companies are investing $4.3 billion a year in A&R and marketing, according to a new report from the IFPI. And labels are the leading investors in artists, putting 27% of their revenues in A&R and marketing. Sector comparisons show music industry investment (16%) exceeds R&D investment in industries such as software and computing (9.9%) and the pharmaceutical and biology sector (14.4%).
With a mere two months of sales behind it and a batch of online flash sales, China’s Xiaomi has managed to capture a 1.5% share of the Indian smartphone market and will likely hit 3% before end-2015. The company is also rolling out its Redmi Note phablet – as usual, available exclusively on e-retail site Flipkart – on December 1, with the Redmi Note 4G coming to Indian consumers later in the month.
Tredegar-based specialist pharmaceutical services provider Penn Pharma looks set for further expansion following its recent sale to leading US drug development company Packaging Coordinators, Inc. Already highly internationalised – two thirds of Penn’s business is with clients are outside the UK – PCIs global footprint will provide the fast-growing Welsh company with the opportunity to expand further and to better support its existing client base.
The UK now has a sharing economy roadmap to follow, and one of the first tasks is to set up a sharing economy Innovation Lab for incubation and research. And what will the Lab’s tasks involve? It needs to provide targeted financing for sharing economy services, and help these services learn from each other and share best practice. That’s according to the Unlocking the Sharing Economy report, a government-supported independent review. The new lab should also support research into how sharing models can improve the delivery of services to the UK public – and we hope that doesn’t mean yet more resources pouring into pizza and taxi apps.
Ready yourself for ‘empathy tech’. That’s because a new breed of social machines are becoming integrated into our daily lives. And these devices and systems can understand a wider range of human needs and behaviours “to provide relevant assistance and support at key moments”. This opens the possibility of more intimate relationships with the objects in our lives, says the Living Within The Internet of Things report from PFSK and Intel.
Anglo-Saxon economies predictably dominate the Global Entrepreneurship Index 2015, with the US, Canada, Australia and the UK, respectively, filling the top four spots, writes Steve Mullins. What is the GEI measuring? Put simply, it’s a combination of entrepreneurial attitudes, abilities and aspirations, along with those characteristics of entrepreneurship which enhance productivity – such as innovation, market expansion, being growth-oriented, and having an international outlook, explains the Global Entrepreneurship Development Institute.
Uber’s getting a rough ride from pretty much everyone right now. And that ride may get rougher in India as the car-sharing outfit takes on the traditional rickshaw. UberGO has been rolled out in 10 cities, including New Delhi and Bangalore, with chauffeur-driven hatchbacks such as the Etios Liva and Maruti Ritz hitting Indian streets. Uber, in typical brash Uber style, claims the service is available to 1.2 billion citizens (note: around 30% of Indians live below the poverty line).
Smartphone owners around the globe are now making cities smarter, according to the Smart Citizens report from Ericsson Consumerlab. For example, three-quarters of consumers want sensors to be deployed in public spaces so they know which areas are crowded and best avoided. The same proportion want to see both interactive street signs and bike/car sharing.