Equity Research
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Competitiveness in Music Streaming
Competitiveness in Music Streaming Investigating how the entry of big technology companies influence competitive advantages in music streaming Master’s Thesis in the Masters’ Programme Management and Economics of Innovation Linus Adolfsson Eric Bonfré DEPARTMENT OF TECHNOLOGY MANAGEMENT AND ECONOMICS Division of Entrepreneurship and Strategy CHALMERS UNIVERSITY OF TECHNOLOGY Gothenburg, Sweden 2020 www.chalmers.se Report No. E2020:021 REPORT NO. E2020:021 Competitiveness in Music Streaming: Investigating how the entry of big technology companies influence the sources of competitive advantages in the music streaming industry LINUS ADOLFSSON ERIC BONFRÉ Supervisor, Chalmers: Adrian Bumann Department of Technology Management and Economics Division of Entrepreneurship and Strategy CHALMERS UNIVERSITY OF TECHNOLOGY Gothenburg, Sweden 2020 Investigation of how the entry of big technology companies influence the sources of competitive advantage in the music streaming industry LINUS ADOLFSSON ERIC BONFRÉ © LINUS ADOLFSSON © ERIC BONFRÉ Master’s Thesis E2020:021 Department of Technology Management and Economics Division of Entrepreneurship and Strategy Chalmers University of Technology SE-412 96 Gothenburg, Sweden Telephone + 46 (0)31-772 1000 Gothenburg, Sweden 2020 Acknowledgement The authors of this report would like to send their gratitude towards our supervisor at Chalmers University of Technology, Adrian Bumann, who has supported and guided us through the procedure of conducting the study as well as providing continuous feedback. 1 Abstract Big technology companies are present in a range of different industries, and they keep expanding into even more - music streaming being one of them. They create large ecosystems where digital products and services are added to provide both economies of scale and economies of scope. -
Marketing Plan
ALLIED ARTISTS MUSIC GROUP An Allied Artists Int'l Company MARKETING & PROMOTION MARKETING PLAN: ROCKY KRAMER "FIRESTORM" Global Release Germany & Rest of Europe Digital: 3/5/2019 / Street 3/5/2019 North America & Rest of World Digital: 3/19/2019 / Street 3/19/2019 MASTER PROJECT AND MARKETING STRATEGY 1. PROJECT GOAL(S): The main goal is to establish "Firestorm" as an international release and to likewise establish Rocky Kramer's reputation in the USA and throughout the World as a force to be reckoned with in multiple genres, e.g. Heavy Metal, Rock 'n' Roll, Progressive Rock & Neo-Classical Metal, in particular. Servicing and exposure to this product should be geared toward social media, all major radio stations, college radio, university campuses, American and International music cable networks, big box retailers, etc. A Germany based advance release strategy is being employed to establish the Rocky Kramer name and bona fides within the "metal" market, prior to full international release.1 2. OBJECTIVES: Allied Artists Music Group ("AAMG"), in association with Rocky Kramer, will collaborate in an innovative and versatile marketing campaign introducing Rocky and The Rocky Kramer Band (Rocky, Alejandro Mercado, Michael Dwyer & 1 Rocky will begin the European promotional campaign / tour on March 5, 2019 with public appearances, interviews & live performances in Germany, branching out to the rest of Europe, before returning to the U.S. to kick off the global release on March 19, 2019. ALLIED ARTISTS INTERNATIONAL, INC. ALLIED ARTISTS MUSIC GROUP 655 N. Central Ave 17th Floor Glendale California 91203 455 Park Ave 9th Floor New York New York 10022 L.A. -
Telco Price Tracker OVERWEIGHT Not Everything Is What It Seems
Equity Research Telco Wednesday,25 September 2019 Telco price tracker OVERWEIGHT Not everything is what it seems TLKM relative to JCI Index Post Lebaran, Telkomsel (TSEL) and XL have taken a defensive approach for the sensitive mid‐low segment. Prices of 30‐day data packs have remained xxxx firm in 3Q, and thus maintained previous price gains. The search for data volumes will continue to be the push factor for growth ensuring rational behavior. Maintain Overweight on the sector. TSEL focusing on the lower segment? 30‐day packs holding their gains. We collected price lists using samples from 70 cities encompassing the 33 Indonesian districts. It is evident that prices of TSEL’s 3‐day and 7‐day packs are lower across our sample, falling back to December 18’s levels, while the 1‐day 3GB pack sees the largest discount possibly to protect the lower‐end segment. We maintain our positive outlook on Telkom’s cellular segment, noting that the churn rate is down to single digits from the mid‐teens level prior to the sim‐ registration process. The company also introduced two 3‐day and one 7‐day packs with higher data quotas with price levels seen in December. This may drive higher traffic and generate more 4G consumption. EXCL relative to JCI Index We also observe that TSEL’s Kartu AS and Loop brands have been subject to xxxx sizeable increases (+3‐9%) for the 30‐day packs in ex‐Java provinces such as northern parts of Sumatra and Kalimantan. More importantly, the prices of all 30‐day packs have remained firm in tier‐1 cities on a QoQ basis, solidifying previous price gains. -
The State of Mobile 2019 Executive Summary
1 Table of Contents 07 Macro Trends 19 Gaming 25 Retail 31 Restaurant & Food Delivery 36 Banking & Finance 41 Video Streaming 46 Social Networking & Messaging 50 Travel 54 Other Industries Embracing Mobile Disruption 57 Mobile Marketing 61 2019 Predictions 67 Ranking Tables — Top Companies & Apps 155 Ranking Tables — Top Countries & Categories 158 Further Reading on the Mobile Market 2 COPYRIGHT 2019 The State of Mobile 2019 Executive Summary 194B $101B 3 Hrs 360% 30% Worldwide Worldwide App Store Per day spent in Higher average IPO Higher engagement Downloads in 2018 Consumer Spend in mobile by the valuation (USD) for in non-gaming apps 2018 average user in companies with for Gen Z vs. older 2018 mobile as a core demographics in focus in 2018 2018 3 COPYRIGHT 2019 The Most Complete Offering to Confidently Grow Businesses Through Mobile D I S C O V E R S T R A T E G I Z E A C Q U I R E E N G A G E M O N E T I Z E Understand the Develop a mobile Increase app visibility Better understand Accelerate revenue opportunity, competition strategy to drive market, and optimize user targeted users and drive through mobile and discover key drivers corp dev or global acquisition deeper engagement of success objectives 4 COPYRIGHT 2019 Our 1000+ Enterprise Customers Span Industries & the Globe 5 COPYRIGHT 2019 Grow Your Business With Us We deliver the most trusted mobile data and insights for your business to succeed in the global mobile economy. App Annie Intelligence App Annie Connect Provides accurate mobile market data and insights Gives you a full view of your app performance. -
A Method to Detect Malware Based on Behavior Using Formal Concept Analysis
2016 International Conference on Mathematical, Computational and Statistical Sciences and Engineering (MCSSE 2016) ISBN: 978-1-60595-396-0 A Method to Detect Malware Based on Behavior Using Formal Concept Analysis Shao-ming CHEN*, Yi-yang WANG and Bin LIANG Guangdong branch of National Computer Network Emergency Response Technical Team/Coordination Center of China, No. 4 middle road, Tianhe District, Guangzhou, China *Corresponding author Keywords: Malware detection, App’s behavior, Permissions, FCA. Abstract. Malware threats have recently become a real concern. To solve this problem, we propose a new approach in this paper. The method analyzes the apps’ used history and constructs a Formal Concept Lattice based on the permissions which the app is used. The concepts of Formal concept Lattice are used to be compared with the permissions which a new application required before installed. So we can find an optimal concept and identify malwares and inform users about the risk of apps which are about to be installed. An experiment illustrates that our method can effectively identify malicious apps and to protect the user's information security. Introduction Android is one of the most popular platforms for phones today and majority of these devices are unprotected. It is not surprising that the majority malicious mobile attacks are designed for the Android mobile operating system [1]. Malware is a generic term that refers to any code added, changed, or removed from a software system to intentionally cause harm or subvert the system’s intended function. It compromises a system’s security, damages a system or obtains sensitive information without the user’s permission [2]. -
Tencent JOOX Paper V12
March 2018 Targeting millennials using music streaming apps CONTENT A. Executive summary 3 B. Evolvement and outlook of the music market in Asia Pacific 4 Asia Pacific continues to register high growth 4 Strong market outlook for the region 5 C. Demand of music in Asia Pacific 6 High demand of music in APAC 6 Asia Pacific: the no.1 region for mobile streamers 7 D. The power of the youth segment 8 No doubt about youth’s receptivity to advertising 8 Streamers are a unique segment on their own 9 Quality profile guaranteed 10 E. Youth accessing music streaming apps by choice 11 Engage with consumers through music 11 Providing more than just streaming music 14 Delivering high advertising effectiveness 15 Marketers do have an alternative choice 16 A. EXECUTIVE SUMMARY With the significant improvement in There is considerable amplification power infrastructure and mobile technology within music streamers. Compared to proliferation, digital entertainment is those who do not stream music, streamers increasingly popular in Asia Pacific. And are more likely to speak to friends and as the average cost of data plans comes family about their purchases; they also down while the respect for the need to pay believe that paying extra for quality is for music content gradually heightens, worthwhile and like to treat themselves demand for digital music entertainment in with something special even if the item is the region grows. expensive. This showcases the need to put music streaming apps on the The music streaming industry in Asia advertising radar when targeting Pacific embraces a strong market outlook, millennials. -
501 Grammar & Writing Questions 3Rd Edition
501 GRAMMAR AND WRITING QUESTIONS 501 GRAMMAR AND WRITING QUESTIONS 3rd Edition ® NEW YORK Copyright © 2006 LearningExpress, LLC. All rights reserved under International and Pan-American Copyright Conventions. Published in the United States by LearningExpress, LLC, New York. Library of Congress Cataloging-in-Publication Data 501 grammar & writing questions.—3rd ed. p. cm. ISBN 1-57685-539-2 1. English language—Grammar—Examinations, questions, etc. 2. English language— Rhetoric—Examinations, questions, etc. 3. Report writing—Examinations, questions, etc. I. Title: 501 grammar and writing questions. II. Title: Five hundred one grammar and writing questions. III. Title: Five hundred and one grammar and writing questions. PE1112.A15 2006 428.2'076—dc22 2005035266 Printed in the United States of America 9 8 7 6 5 4 3 2 1 Third Edition ISBN 1-57685-539-2 For more information or to place an order, contact LearningExpress at: 55 Broadway 8th Floor New York, NY 10006 Or visit us at: www.learnatest.com Contents INTRODUCTION vii SECTION 1 Mechanics: Capitalization and Punctuation 1 SECTION 2 Sentence Structure 11 SECTION 3 Agreement 29 SECTION 4 Modifiers 43 SECTION 5 Paragraph Development 49 SECTION 6 Essay Questions 95 ANSWERS 103 v Introduction his book—which can be used alone, along with another writing-skills text of your choice, or in com- bination with the LearningExpress publication, Writing Skills Success in 20 Minutes a Day—will give Tyou practice dealing with capitalization, punctuation, basic grammar, sentence structure, organiza- tion, paragraph development, and essay writing. It is designed to be used by individuals working on their own and for teachers or tutors helping students learn or review basic writing skills. -
Exposure to Tobacco Marketing Among Adolescents in Indonesia
Adolescents’ Exposure to Tobacco Marketing in Indonesia: Data Brief Background Indonesia faces a tobacco epidemic among youth where 19% of young people age 13-15 years are smokers and the smoking prevalence among young people age 10-18 years old rose significantly from 7% to 9% from 2013 to 2018.1,2 The tobacco industry spends billions of dollars on marketing, which contributes to the rapid rise in smoking among youth.3 In recent years with the emergence of the Internet, tobacco marketing online is rampant and targeted at young people, and represents a risk factor for adolescent tobacco use.4 During the COVID-19 pandemic, youth are spending more time on Internet, including using social media (e.g., Instagram, Facebook) and online gaming platforms.5 However, adolescents’ exposure to tobacco marketing on the Internet is not fully understood or documented. This brief summarizes a study that fills the gap. Vital Strategies with Indonesian Guidance and Counselling Teachers’ Association (ABKIN) and other partners in Indonesia conducted a household survey of 2,281 adolescents between age 13-15 years to determine the extent of exposure to tobacco marketing. This data brief presents key findings from the study. Additional findings are reported in the accompanying Appendix. Key Findings 1. Indonesian Adolescents’ Tobacco and Internet Usage Most Indonesian adolescents use online media, and, among those who use the Internet every day, the most accessed platforms are instant messaging, social media, and online video. Among adolescents who said they use the Internet every day, the most accessed platforms include: instant messaging (e.g., WhatsApp, Facebook Messenger) (97%), social media (e.g., Instagram, Facebook, Twitter) (91%), and online video (e.g., TikTok, YouTube) (Figure 1). -
Video Consumption Insight Telkomsel User How Video Consumption Grow in Past Year?
VIDEO CONSUMPTION INSIGHT TELKOMSEL USER HOW VIDEO CONSUMPTION GROW IN PAST YEAR? Video is one of the most dominant category, with shares of 33% volume from Telkomsel Data 2020 Projection Volume per user is growing > 120 Petabyte fast (59% YTD), in average user consume 1.05 GB > 80 Million Users monthly for video. TELKOMSEL VIDEO CONSUMPTION IN NUMBER Record Monthly Volume Equal To January – September ‘18 73 ~ 8618 67% Petabyte Year of Full Volume Growth HD Video Consumed August 18 Equal To August‘18 62.4 ~ 59.4% Millions Italy Population Unique Users From Total Smartphone Users VIDEO CONSUMPTION PENETRATION With Telkomsel wide 4G coverage, Video Consumption spread across Indonesia Highest Penetration DKI Jakarta Jawa Barat DAILY PATTERN PRIME TIME WEEKENDS In weekend, people consumed more video WEEKDAYS content, with 24% difference in volume 7PM – 9PM is the Prime time to watch video in weekday while in the weekend it spread evenly across the day HOUR HIGH WEEKDAYS VOLUME LOW WEEKENDS VOLUME ARE USER WILLING TO PAY? SUBSCRIPTION v FREE CONTENT VS Average volume Hooq, Viu, iFlix, MAXStream Youtube, Tiktok, Vidio, Musically consumed from paid platform is 7.4 times 0.9 25 higher than Youtube Millions Daily Active Users Millions Total share still small, but 8.9 1.2 it has significant Gigabytes (GB) Monthly Average Volume Gigabytes (GB) growth especially in terms of volume consumed 22% Monthly Growth 12% Volume Consumed Growth Aug’18 – Sep’18 Volume Consumed Growth EVENT-DRIVEN INTEREST In the holy month In the First Week of World Cup Indonesia vs UAE Football Match May – June 2018, 18 June – 25 June 2018, 24 August 2018, 42% 840 TB 8.84x Weekly volume, More Video Volume or 1.55% of total Volume Increase compared to yearly average Telkomsel traffic compared to normal days THANK YOU. -
CHAPTER I INTRODUCTION A. Background of the Study English Is
CHAPTER I INTRODUCTION A. Background of the Study English is an international language. It is a very important language in the world, because all nations use the English language for communication. There are four skills that have to be learnt if people want to master it, namely, speaking, listening, reading, and writing. Listening is the first skill in learning English language that we need to master. In order that students master the four skills, they have to master a lot of vocabulary. According to Nation (2011), vocabulary is pivotal in English language learning because without sufficient vocabulary students cannot understand others or express their own ideas. As Hornby (1995: 1331) stated, vocabulary is the total number of words in a language, all the words known to a person or used in a particular book, subject, etc: a list of words with their meaning, especially one that accompanies a textbook. Vocabulary is main part of English that should be mastered by everyone. Without vocabulary, someone who wants to speak, write, listen, and read can't convey their own ideas better. Vocabulary has a function to build four language skills above and as central part for transfer ideas in order English learning can walk successfully. By having a lot of vocabulary knowledge, the four skills in English (speaking, listening, reading, and writing) will go well. It indicates that the role of vocabulary is very important in language learning. In order to master vocabulary, students should be exposed to English words and sound. One of the ways is by listening to English songs or movie. -
Pemungutan Pajak Terhadap Layanan Media Streaming
IR - PERPUSTAKAAN UNIVERSITAS AIRLANGGA ABSTRAK Pemungutan pajak, baik pajak nasional maupun pajak daerah, dilakukan terhadap berbagai aspek perekonomian negara, salah satunya adalah dalam kegiatan usaha. Ada banyak jenis kegiatan usaha yang dapat dipungut pajak, salah satunya adalah kegiatan usaha berupa penyediaan layanan media streaming digital berupa film, acara televisi, musik, video komersial dan podcast. Penyediaan layanan media streaming digital di Indonesia hingga saat ini masih didominasi oleh perusahaan asing seperti Netflix, Iflix, Spotify, Joox dan lain sebagainya. Dalam skripsi iniakan diuraikan mengenai apa ratio legis pemungutan pajak bagi perusahaan layanan media streaming digital dengan bentuk usaha tetap dan upaya penegakan hukum pemungutan pajak apa saja yang dapat diterapkan bagi layanan media streaming digital dengan bentuk usaha tetap. Keberadaan perusahaan layanan media streaming digital sebagai perusahaan asing di Indonesia merupakan salah satu contoh subjek pajak luar negeri yang melakukan kegiatan usaha di Indonesia. Kegiatan usaha yang dilakukan oleh perusahaan layanan media streaming digital dilakukan melalui bentuk usaha tetap sehingga kedudukannya sama dengan subjek pajak badan yang merupakan subjek pajak dalam negeri dan dapat dipungut Pajak Penghasilan yang sama dengan perusahaan dalam negeri. Sebagai subjek Pajak Pertambahan Nilai, maka perusahaan layanan media streaming digital harus mendaftarkan kegiatan usahanya untuk kemudian dikukuhkan sebagai Pengusaha Kena Pajak dan dipungut Pajak Pertambahan Nilai. Dalam hal pemungutan pajak, pemerintah yang bertindak sebagai pengawas berwenang untuk melakukan pemeriksaan terhadap wajib pajak sebagai bentuk penegakan hukum preventif. Ada pula sanksi sebagai penegakan hukum represif bagi pelanggaran yang dilakukan perusahaan layanan media streaming digital selaku wajib pajak. Kata Kunci: Layanan Media Streaming Digital, Bentuk Usaha Tetap, Pajak Penghasilan, Pajak Pertambahan Nilai. -
Online Censorship and Surveillance in Myanmar
Contents ● Key Findings -------------------- 3 ● Introduction -------------------- 4 ● Background -------------------- 5 ○ Political Turbulence ○ Unprotected Connectivity ○ Online Surveillance ○ Internet Shutdowns and Restrictions ● Methodology -------------------- 8 ○ Step One: Gathering Public Information ○ Step Two: Device Testing and Network Measurements ■ Identifying the targeted group for device testing g ■ Test list review ■ Network measurement ○ Step Three: Interviews ● Limitations -------------------- 13 ● Research and Measurement Findings -------------------- 14 ■ Censorship ○ Surveillance Capacity and Capabilities -------------------- 17 ■ Government documents ■ Police tactics ■ Targeted groups ● Interview Findings -------------------- 24 ○ Safety ■ Online safety ■ Offline safety ○ Surveillance and Censorship -------------------- 26 ■ Surveillance methods ○ Self-Censorship -------------------- 26 ○ Looking to the Future -------------------- 27 ■ Legal protection ■ Psychological well-being ■ Digital safety needs ● Conclusion -------------------- 28 ● Acknowledgements -------------------- 29 ● Annex A: Interview Questionnaire -------------------- 31 ● Annex B: Training, operation, and support for Myanmar police -------------------- 32 ● Annex C: Emergency VPN Analysis -------------------- 35 Key Findings ● Approximately 200 URLs are blocked in Myanmar. The majority of these blocked sites are pornographic websites, however, 41 media websites were also found to be blocked between January 1 and July 27, 2020. ○ The blocking