DOCSLIB.ORG

Corporate Ownership & Control / Volume 11, Issue 1, 2013, Continued

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corporate Ownership & Control / Volume 11, Issue 1, 2013, Continued Corporate Ownership & Control / Volume 11, Issue 1, 2013, Continued - 11 CORPORATE КОРПОРАТИВНАЯ OWNERSHIP & CONTROL СОБСТВЕННОСТЬ И КОНТРОЛЬ Postal Address: Почтовый адрес редакции: Postal Box 36 Почтовый ящик 36 Sumy 40014 г. Сумы, 40014 Ukraine Украина Tel: +380-542-611025 Тел.: 38-542-611025 Fax: +380-542-611025 Факс: 38-542-611025 e-mail: [email protected] эл. почта: [email protected] [email protected] [email protected] www.virtusinterpress.org www.virtusinterpress.org Journal Corporate Ownership & Control is published Журнал "Корпоративная собственность и four times a year, in September-November, контроль" издается четыре раза в год в сентябре, December-February, March-May and June-August, декабре, марте, июне издательским домом Виртус by Publishing House “Virtus Interpress”, Kirova Str. Интерпресс, ул. Кирова 146/1, г. Сумы, 40021, 146/1, office 20, Sumy, 40021, Ukraine. Украина. Information for subscribers: New orders requests Информация для подписчиков: заказ на подписку should be addressed to the Editor by e-mail. See the следует адресовать Редактору журнала по section "Subscription details". электронной почте. Back issues: Single issues are available from the Отдельные номера: заказ на приобретение Editor. Details, including prices, are available upon отдельных номеров следует направлять Редактору request. журнала. Advertising: For details, please, contact the Editor of Размещение рекламы: за информацией the journal. обращайтесь к Редактору. Copyright: All rights reserved. No part of this Права на копирование и распространение: publication may be reproduced, stored or transmitted копирование, хранение и распространение in any form or by any means without the prior материалов журнала в любой форме возможно permission in writing of the Publisher. лишь с письменного разрешения Издательства. Corporate Ownership & Control Корпоративная собственность и контроль ISSN 1727-9232 (printed version) ISSN 1727-9232 (печатная версия) 1810-0368 (CD version) 1810-0368 (версия на компакт-диске) 1810-3057 (online version) 1810-3057 (электронная версия) Certificate № 7881 Свидетельство КВ 7881 от 11.09.2003 г. Virtus Interpress. All rights reserved. Виртус Интерпресс. Права защищены. 891 Corporate Ownership & Control / Volume 11, Issue 1, 2013, Continued - 11 CORPORATE OWNERSHIP & CONTROL Volume 11, Issue 1, 2013, Continued - 11 CONTENTS PRESERVING THE PAST: AN ACCOUNTABILITY STUDY OF THE ANNUAL REPORTING PRACTICES BY LEADING MUSEUMS IN USA, UK AND EUROPE 893 Vida Botes, Rory Diver, Howard Davey ORGANIZATIONAL PECULIARITIES OF BANK LIQUIDITY MANAGEMENT: INTERNATIONAL EXPERIENCE AND UKRAINIAN PRACTICE 907 Dmitriy Riabichenko CORPORATE GOVERNANCE IN THE EXTRACTIVE INDUSTRY – COMPARING RUSSIAN OIL AND GAS COMPANIES AND SOUTH AFRICAN GOLD PRODUCERS 917 Thomas Gstraunthaler HIV AND AIDS IN SOUTH AFRICA: A SOCIAL AND MORAL RESPONSIBILITY IN SHAPING ORGANISATIONAL ACTION 928 Renitha Rampersad THE ANALYTICAL ASSESSMENT OF SOME MIDDLE EAST CORPORATE GOVERNANCE STANDARDS AFTER THE GLOBAL CRISIS 933 Dinh Tran Ngoc Huy INTEGRATED REPORTING IN THE SOUTH AFRICAN MINING SECTOR 947 Candice Carels, Warren Maroun, Nirupa Padia ITALIAN INDUSTRIAL DISTRICTS: INFLUENCE OF THE GOVERNANCE ON PERFORMANCE AND FINANCIAL DISTRESS OF FIRMS. AN EXPLORATIVE STUDY 962 Patrizia Pastore, Silvia Tommaso 892 Corporate Ownership & Control / Volume 11, Issue 1, 2013, Continued - 11 PRESERVING THE PAST: AN ACCOUNTABILITY STUDY OF THE ANNUAL REPORTING PRACTICES BY LEADING MUSEUMS IN USA, UK AND EUROPE Vida Botes*, Rory Diver**, Howard Davey*** Abstract Museums as custodians of important cultural heritage assets attract significant sponsorship from government and communities and a need exists to understand how the resources made available are being spent, to maintain and increase the value of these assets. The significance placed on museums warrants further investigation into their accountability and the purpose of this paper is to analyse museums reporting practices, as a way to discharge performance accountability. The reporting practices of the world’s leading museums in the USA versus those predominately located in the UK (with a small focus on Europe) were examined, compared and contrasted, in order to suggest better practice for improved accountability in in annual reporting so as assist in improving the governance of museums. To assess the annual reports, a modified version of a research instrument which works in conjunction with the balanced scorecard framework to evaluate performance accountability, namely the Museums’ Performance Accountability Index (MPADI) by Wei, Davey and Coy (2008) has been adopted. Evidence is found that the four perspectives of the Balanced Scorecard were emphasized differently between USA and UK/European institutions. The findings demonstrate areas of strength s but also recommend improved reporting practices for museums. The study draws out a number of detailed observations which offers suggestions for better practice in reporting by museums. Until recently there has been little research on the performance and accountability of this sector. This work assists in addressing this deficiency. Keywords: Museums, Accountability, Reporting, BSC *Corresponding author. Department of Accounting, Waikato Management School, University of Waikato, Private Bag 3105, Hamilton, New Zealand Tel: 0064-7-838-8102 Fax: 0064-7-838-4332 Email: [email protected] ** University of Waikato Management School, Hamilton, New Zealand ***University of Waikato Management School, Hamilton, New Zealand Introduction the museum sector (Jackson, 1991; Weil, 1994; Pignataro, 2002; Gstranthaler and Piber, 2007; da Museums are key repositories of human kind‟s Silva Menezes, Carnegie and West, 2009) cultural heritage and as such are significantly investigations into appropriate measures with which important in the preservation of our knowledge bases to measure museum accountability are limited. The for current and future generations. As well as being work of Wei, Davey and Coy (2008) in creating a custodians of valued artefacts, museums are also Museums Performance Accountability Disclosure influential in educational development and lifelong Index (MPADI) to measure the level of accountability learning throughout society. (Wei, et al., 2008). Like in annual reports of museums is the exception. any public entity museums require a level of The objective of this study is twofold. The first accountability not only regarding the services that objective is to address the limitations identified in the they provide, but also how they account for the use of earlier Wei, et al (2008) research in order to propose a public money and charitable donations. (Brown and modified version of the MPADI. Secondly, through Troutt, 2007; Weil, 2002; Rentschler and Potter, application of this revised MPADI, determine, 1996). examine, compare and contrast the reporting practices This paper supports the notion that it is essential of world‟s leading museums in the USA, UK and for museums to have greater accountability if they Europe, in order to suggest better accounting practice, wish to continue to attract future funding. Although to ensure improved accountability by museums. there has been some research into accountability in 893 Corporate Ownership & Control / Volume 11, Issue 1, 2013, Continued - 11 Communication is central to the issue of organization or government entity… and be discharging accountability and the annual reporting essentially educational in nature. The notion of a non process presents a primary mechanism for this. profit organisation (NPO) is also firmly supported by Although there have been questions raised by the International Council of Museums (ICOM, 2007) Carnegie and West (2005) regarding the merits of which includes in their definition a description of the using financial measures such as annual reporting to tasks performed by museums such as acquiring, report on museum activities the work undertaken on conserving, researching, communicating, exhibiting, museum performance at Wintergreen (Weil 1994) educating, and making available for research, material makes it very clear that performance indicators are the evidence of people and their environment. The only way that museums can demonstrate their British Museums Association (BMA) (1998) defines performance. By improving the performance museums along similar lines saying that Museums measures created in the MPADI, this paper also enable people to explore collections for inspiration, provides additional insights to a largely under- learning and enjoyment. They are institutions that researched area in the literature. collect, safeguard and make accessible artefacts and The paper is structured as follows. In setting the specimens, which they hold in trust for society. This biographical and legislative context of the study, the definition includes art galleries with collections of paper first presents an understanding of what works of art, as well as museums with historical constitutes a museum. The theoretical framework of collections of objects. The AAM, ICOM, and BMA stakeholder theory within which museum definitions thus include elements of non-profit, accountability is set is then covered. A literature education, communication, and research and heritage covering changes to the MPADI and a discussion of preservation. broader topics of Not for Profit (NPO) accountability and voluntary disclosure. Focus is then placed on the Museums in the USA research method used. The findings
Load more

Recommended publications
  • Vlaams Audiovisueel Fonds
    VLAAMS AUDIOVISUEEL FONDS . jaarverslag 2018 VLAAMS AUDIOVISUEEL FONDS . jaarverslag 2018 uitgegeven door het .VLAAMS AUDIOVISUEEL FONDS vzw huis van de vlaamse film bischoffsheimlaan 38 - 1000 brussel [email protected] vaf.be Met de steun van de Vlaamse minister van Cultuur, Media, Jeugd en Brussel en de Vlaamse minister van Onderwijs INHOUD . jaarverslag 2018 VOORWOORDEN FINANCIEEL CREATIE TALENT- ONTWIKKELING •4 •7 •15 •26 COMMUNICATIE & PUBLIEKSWERKING GAMEFONDS SCREEN PROMOTIE FLANDERS •39 •47 •53 •67 DUURZAAM KENNISOPBOUW WERKING VLAAMSE FILM FILMEN IN CIJFERS •73 •77 •81 •89 Toen ik in mei vorig jaar op het Festival Deze maatregelen zullen ongetwijfeld om op dit vlak lessen te trekken. van Cannes de film Girl te zien kreeg, hun vruchten afwerpen. Toch wil ik een Het is duidelijk dat we erin geslaagd zijn voelde ik aan de stilte in de zaal bij warme oproep doen aan de volgende om ook dit jaar als VAF op verschillende de aftiteling welke magie er uitging Vlaamse Regering voor extra middelen vlakken toonaangevend te zijn. Hopelijk VOORWOORD van het brengen van zo’n mooi en in de nieuwe bestuursperiode. Er kunnen we in de toekomst op dit elan ontroerend verhaal. De tsunami aan werden in het verleden reeds extra doorgaan. Met het huidige team van Alles start met een prijzen die de film in ontvangst mocht middelen vrijgemaakt voor het VAF/ medewerkers heb ik er als voorzitter nemen, was ongezien. We mogen als Mediafonds en het VAF/Gamefonds die alvast het volste vertrouwen in. n goed verhaal VAF bijzonder fier zijn dat we mee aan zeker een boost gegeven hebben.
    [Show full text]
  • Investgate January 2020
    REAL ESTATE NEWS REPORTING & ANALYSIS JANUARY 2020 - 44 PAGES - ISSUE 34 SCAN TO DOWNLOAD THE DIGITAL VERSION 2 January 2020 - ISSUE 34 INVEST-GATE THE VOICE OF REAL ESTATE 3 EDITOR’S LETTER The year 2020 comes with great anticipation! Some may see a real estate downfall, while others see a rise…Well, this has always been the case, am I right?! If we look at our numbers and analyze the situation, we are sure to determine that 2020 is the year General Manager of deliveries. The government, as well as the private sector, is to meet its deadlines of handing over YASMINE EL NAHAS the first phase amongst its massive projects…the most anticipated ones are the New Administrative Capital (NAC) and New Alamein. How the new national projects are presented and what they actually Editor-in-Chief FARAH MONTASSER offer in reality; well we will get into that later this New Year. Managing Editor For now, we will enjoy this New Year with our one-on-one interview with President of ICA Ariel Guarco JULIAN NABIL to discuss the valuable cooperative housing plan of the Egyptian government. We also feature an opinion piece from real estate expert Mahmoud Gad, who gives us a clear vision on mortgage finance Editor today, given the real estate sector’s slowdown due to the increased property prices, coupled with SARA MOHAMED the weak consumer purchasing power. Business Reporters As we celebrate 2020, Invest-Gate is to open the New Year with a one-of-a-kind roundtable, NOURAN MEDHAT “Regulating The Real Estate Developer-Broker Relationship,” opening the long-awaited talk that RANIA FAZAA made many come together quickly to address many challenges while hoping for productive solutions Arabic Writer deemed beneficial for the entire sector locally and internationally if we are really marketing our SHAIMAA IBRAHIM property sector abroad.
    [Show full text]
  • A General Account of Coinduction Up-To Filippo Bonchi, Daniela Petrişan, Damien Pous, Jurriaan Rot
    A General Account of Coinduction Up-To Filippo Bonchi, Daniela Petrişan, Damien Pous, Jurriaan Rot To cite this version: Filippo Bonchi, Daniela Petrişan, Damien Pous, Jurriaan Rot. A General Account of Coinduction Up-To. Acta Informatica, Springer Verlag, 2016, 10.1007/s00236-016-0271-4. hal-01442724 HAL Id: hal-01442724 https://hal.archives-ouvertes.fr/hal-01442724 Submitted on 20 Jan 2017 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. A General Account of Coinduction Up-To ∗ Filippo Bonchi Daniela Petrişan Damien Pous Jurriaan Rot May 2016 Abstract Bisimulation up-to enhances the coinductive proof method for bisimilarity, providing efficient proof techniques for checking properties of different kinds of systems. We prove the soundness of such techniques in a fibrational setting, building on the seminal work of Hermida and Jacobs. This allows us to systematically obtain up-to techniques not only for bisimilarity but for a large class of coinductive predicates modeled as coalgebras. The fact that bisimulations up to context can be safely used in any language specified by GSOS rules can also be seen as an instance of our framework, using the well-known observation by Turi and Plotkin that such languages form bialgebras.
    [Show full text]
  • GAMING GLOBAL a Report for British Council Nick Webber and Paul Long with Assistance from Oliver Williams and Jerome Turner
    GAMING GLOBAL A report for British Council Nick Webber and Paul Long with assistance from Oliver Williams and Jerome Turner I Executive Summary The Gaming Global report explores the games environment in: five EU countries, • Finland • France • Germany • Poland • UK three non-EU countries, • Brazil • Russia • Republic of Korea and one non-European region. • East Asia It takes a culturally-focused approach, offers examples of innovative work, and makes the case for British Council’s engagement with the games sector, both as an entertainment and leisure sector, and as a culturally-productive contributor to the arts. What does the international landscape for gaming look like? In economic terms, the international video games market was worth approximately $75.5 billion in 2013, and will grow to almost $103 billion by 2017. In the UK video games are the most valuable purchased entertainment market, outstripping cinema, recorded music and DVDs. UK developers make a significant contribution in many formats and spaces, as do developers across the EU. Beyond the EU, there are established industries in a number of countries (notably Japan, Korea, Australia, New Zealand) who access international markets, with new entrants such as China and Brazil moving in that direction. Video games are almost always categorised as part of the creative economy, situating them within the scope of investment and promotion by a number of governments. Many countries draw on UK models of policy, although different countries take games either more or less seriously in terms of their cultural significance. The games industry tends to receive innovation funding, with money available through focused programmes.
    [Show full text]
  • Educational Technology & Education Conferences #43 June
    Educational Technology and Education Conferences for June to December 2020, Edition #43 Prepared by Clayton R. Wright, crwr77 at gmail.com, May 9, 2020 The 43rd edition of the conference list covers selected professional development opportunities that primarily focus on the use of technology in educational settings and on teaching, learning, and educational administration. Only listings until December 2020 are most complete as dates, locations, or Internet addresses (URLs) were not available for a number of events held after that date. In order to protect the privacy of individuals, only URLs are used in the listing as this enables readers of the list to obtain event information without submitting their e-mail addresses. A significant challenge during the assembly of this list is incomplete or conflicting information on websites and the lack of a link between conference websites from one year to the next. An explanation for the content and format of the list can be found at http://newsletter.alt.ac.uk/2011/08/why- distribute-documents-in-ms-word-or-openoffice-for-an-international-audience/. A Word or an OpenOffice format is used to enable people with limited or high-cost Internet access to find a conference that is congruent with their interests or obtain conference abstracts or proceedings. Consider using the “Find” tool under Microsoft Word’s “Edit” tab or similar tab in OpenOffice to locate the name of a particular conference, association, city, or country. If you enter the country “Australia” or place, such as “Hong Kong” in the “Find” tool, all conferences that occur in Australia or Hong Kong will be highlighted.
    [Show full text]
  • Annual Review
    annual review 2017 our board Ukie Annual Review 2016/17 contents 02 foreword 04 Noirin Carmody - Chair Harvey Eagle chair’s report Owner and COO Xbox UK Marketing Director Our initiatives Revolution Software Microsoft 06 ceo’s report Ian Livingstone CBE - Vice Chair Miles Jacobson OBE Chairman Studio Director Playmob Sports Interactive 08 a year in westminster and brussels askaboutgames Dave Gould - Treasurer Veronique Lallier askaboutgames.com Snr Director of Sales UK & Export European Managing Director 12 Take 2 Interactive Hi-Rez Studios research and analysis Without house background Simon Barratt Warwick Light 16 Director UK Managing Director and Vice President ukie’s year in numbers Sony Interactive Entertainment Barog Game Labs INSPIRATIONAL COMPUTING 18 Katherine Bidwell Phil Mansell Digital Schoolhouse acting locally thinking globally Co-Founder CEO digitalschoolhouse.org.ukWith house background State of Play Games Jagex 20 ukie’s global trade programme Neil Boyd Andy Payne OBE INSPIRATIONAL COMPUTING European Anti-Piracy Counsel CEO Nintendo Europe AppyNation 22 the digital schoolhouse Shaun Campbell Kirsty Rigden Games London UK Country Manager Operations Director games.london 24 Electronic Arts FuturLab inspiring talent John Clark Ella Romanos 26 Senior Vice President, Commercial Director promoting a positive image Publishing Rocket Lolly Games SEGA Europe Students 27 Rob Cooper Roy Stackhouse making the most of your IP Managing Director Northern Europe and Vice President - UK, Ireland & Benelux Ukie Students Export Territories
    [Show full text]
  • The Stata Journal Volume 16 Number 4 2016
    The Stata Journal Volume 16 Number 4 2016 ® ® A Stata Press publication StataCorp LP College Station, Texas The Stata Journal Editors H. Joseph Newton Nicholas J. Cox Department of Statistics Department of Geography Texas A&M University Durham University College Station, Texas Durham, UK [email protected] [email protected] Associate Editors Christopher F. Baum, Boston College Frauke Kreuter, Univ. of Maryland–College Park Nathaniel Beck, New York University Peter A. Lachenbruch, Oregon State University Rino Bellocco, Karolinska Institutet, Sweden, and Jens Lauritsen, Odense University Hospital University of Milano-Bicocca, Italy Stanley Lemeshow, Ohio State University Maarten L. Buis, University of Konstanz, Germany J. Scott Long, Indiana University A. Colin Cameron, University of California–Davis Roger Newson, Imperial College, London Mario A. Cleves, University of Arkansas for Austin Nichols, Urban Institute, Washington DC Medical Sciences Marcello Pagano, Harvard School of Public Health William D. Dupont , Vanderbilt University Sophia Rabe-Hesketh, Univ. of California–Berkeley Philip Ender , University of California–Los Angeles J. Patrick Royston, MRC Clinical Trials Unit, David Epstein, Columbia University London Allan Gregory, Queen’s University Mark E. Schaffer, Heriot-Watt Univ., Edinburgh James Hardin, University of South Carolina Jeroen Weesie, Utrecht University Ben Jann, University of Bern, Switzerland Ian White, MRC Biostatistics Unit, Cambridge Stephen Jenkins, London School of Economics and Nicholas J. G. Winter,UniversityofVirginia Political Science Jeffrey Wooldridge, Michigan State University Ulrich Kohler, University of Potsdam, Germany Stata Press Editorial Manager Stata Press Copy Editors Lisa Gilmore Adam Crawley, David Culwell,andDeirdre Skaggs The Stata Journal publishes reviewed papers together with shorter notes or comments, regular columns, book reviews, and other material of interest to Stata users.
    [Show full text]
  • PIB-Compilation-October-2019.Pdf
    dd INDEX 1. INDIAN SOCIETY & POLITY Court sets aside order to try Juvenile as adult 5 Privacy rights & wrongs 5 Rangdum Monastery 6 Appointment of Chief Justice 7 10th Rashtriya Sanskriti Mahotsav 2019 8 DNA regulation Bill referred to House panel 9 Two panels set up to revamp ‘British-era’ IPC 9 Pushkaram Festival 10 Postal ballot facilities for Absentee voters 11 2. GOVERNANCE School Education Quality Index 13 Consumer App 14 ‘Mo Sarkar’ initiative launched 15 Village Secretariat Programme in AP 15 National Health Systems Resource Centre (NHSRC) 16 Amendments in Electric Vehicle (EV) Charging Guidelines and Specifications 17 e-DantSeva 18 World Vision Report 18 Mahatma Gandhi National Fellowship Programme 20 13th Conference of Central Council of Health and Family Welfare (CCHFW) 21 SARAS Aajeevika Mela 22 Food Safety Mitra (FSM) Scheme 23 Van Dhan Internship Programme 24 GOAL (Going Online as Leaders) Programme 25 National Crime Records Bureau (NCRB) 26 Livestock Census 27 TB cases see decrease in India 28 Digital Bharat Digital Sanskriti 29 www.iasgatewayy.comwww. Vetriiias.com / www.iasgatewayy.com Daily044 Current-26265326/9884421666/988 Affairs | Monthly Magazines4472636 | Online Tests 1 | P a g e dd Police Commemoration Day 30 Pulse Polio Programme 31 Khadi and Village Industries Commission 31 BHIM 2.0 32 Nano-pharmaceuticals 33 National Corporate Social Responsibility Awards (NCSRA) 34 United to Eliminate Lymphatic Filariasis 34 National Health Profile, 2019 35 3. SCIENCE & TECHNOLOGY Chandrayaan-2’s orbiter CLASS detects charged particles on Moon 36 Planet Nine 37 Geotail 38 Ionospheric Connection Explorer 38 Elastocaloric effect 39 Golden Ratio 40 Malaria parasite jumped from gorillas to humans 41 WiS and WiBS 41 BrahMos surface-to-surface missile tests 42 Quantum computing 42 CSIR offers free mapping of Indian genomes 44 Edge Computing 45 4.
    [Show full text]
  • Crysis Developer Crytek Denies "Verge of Bankruptcy" Claim • Eurogamer.Net
    5/17/2019 Crysis developer Crytek denies "verge of bankruptcy" claim • Eurogamer.net Sign in Connect with Facebook Create an account PC PlayStation 4 Xbox One Switch Digital Foundry News Reviews Videos Features Guides Search Highlights Deals Forum Game release dates Fortnite Fortbyte locations Minecraft Earth beta Best external PS4 hard drives Home News Homefront: The Revolution 23 June 2014 News PC / PlayStation 4 / Xbox One Crysis developer Crytek denies "verge of bankruptcy" claim But reports indicate staff have gone unpaid. Wesley Yin-Poole Deputy Editor @wyp100 Crysis developer Crytek has denied claims it is on the verge of bankruptcy. A recent report from German magazine GameStar claimed Crytek, which has its headquarters in Frankfurt, was in financial trouble and that the development of Xbox One exclusive Ryse: Son of Rome had been a "disaster". Our colleagues at Eurogamer Germany looked into the report, and gave me the following translation: "'The vultures are circling already,' so says a leading employee of one of the large publishers. Companies like this have already started making offers to the most talented people at Crytek, to hire them away. Such a brain drain can become dangerous for any studio, even a financially stable one. "A takeover of Crytek would be interesting for a company, that could use the development-experience of the Crytek and doesn't want to build up such experience itself. That is why the Belarus F2P-giant Wargaming is rumoured to be a potential buyer. "When you are reading this, there is hope that Crytek has managed to avoid disaster. A new source of money, said Avni Yerli [one of the managing directors], is in sight.
    [Show full text]
  • 2016 Top Markets Report Media and Entertainment Country Case Study United Kingdom
    2016 Top Markets Report Media and Entertainment Country Case Study United Kingdom The British M&E market will expand to $106 billion by 2019, growing at a 1 steady 3 percent CAGR, from $93 billion in 2015. Digital video entertainment is Overall Rank forecast to grow rapidly with the proliferation of viewing devices, and in late 2014, the United Kingdom boasted 48 million smartphone connections as well as two million smart TVs and 14 million tablets in use. International film productions contributed 81 percent of the film‐spend in the United Kingdom, and the UK government offers lucrative tax incentives for domestic feature 1 films, UK TV drama, video games and animation. The UK government is actively pursuing collaboration and investments from China, and the two nations penned a co‐pro deal in 2014. The video games sector is growing exponentially, from consoles to mobile to online games, but PC games are in 1 decline. E-books make up a significant part of the UK’s total revenue for 4 1 publishing at nearly 22 percent of the market’s total value. UK officials have stepped up enforcement and cooperation with the private sector in recent years to combat piracy of creative content. Ranking of the UK M&E Sectors 2016 content for TV and OTT presents strong growth for 1. Video Games U.S. exporters and licensors to the UK market. Digital 2. Filmed Entertainment music downloads are growing despite an otherwise 3. Publishing heavily pirated global music market, signaling that 4. Music consumers are willing to pay for downloads.
    [Show full text]
  • Download Skin in the Game: How Telecom Operators Can Win With
    Skin in the game How telecom operators can win with gaming Contacts Beirut Hicham Fadel Partner +961-1-985-655 hicham.fadel @strategyand.ae.pwc.com Dubai Jad El Mir Principal +971-4-436-3000 jad.elmir @strategyand.ae.pwc.com Johnny Yaacoub Manager +971-4-436-3000 johnny.yaacoub @strategyand.ae.pwc.com About the authors Hicham Fadel is a partner with Strategy& Middle Johnny Yaacoub is a manager with Strategy& East, part of the PwC network. Based in Beirut, Middle East. Based in Dubai, he is a member of he is a member of the telecommunications, the telecommunications, media, and technology media, and technology practice in the Middle practice in the Middle East. He specializes East. He specializes in strategic transformations in commercial go-to-market, performance for mobile and integrated operators, with a focus turnaround, and customer experience strategies, on commercial turnarounds, customer analytics, with particular focus on digital product design analytical marketing, customer experience, and and agile development. operating models. Jad El Mir is a principal with Strategy& Middle East. Based in Dubai, he is a member of the telecommunications, media, and technology practice in the Middle East. He advises telecom operators and digital players on large performance and strategic turnaround projects. He specializes in the convergence of telecom and media and entertainment. Christelle Azar also contributed to this report. Strategy& | Skin in the game 4 EXECUTIVE SUMMARY Video gaming is an exciting opportunity for telecom operators. They can tap into this rapidly growing market and diversify their business using their existing capabilities. This is a particularly attractive proposition for operators in the Gulf Cooperation Council (GCC)1 region, where more than half the population is under 25 years of age.2 A successful foray into video gaming would improve the brand positioning of telecom operators and increase the loyalty of their customers.
    [Show full text]
  • EGX Digital Almost Pro 5K€ Iracing Open Official Tournament Rules 1. INTRODUCTION the EGX Digital Almost Pro 5K€ Iracing
    EGX Digital Almost Pro 5K€ iRacing Open Official Tournament Rules 1. INTRODUCTION The EGX Digital Almost Pro 5k€ iRacing Open competition (the “Tournament”) is brought to you by Gamer Network Limited, a wholly-owned subsidiary of Reed Exhibitions Limited, of Gateway House, 28 The Quadrant, Richmond, Surrey TW9 1DN, United Kingdom (“RX”). As set forth more fully in Section 3, entitled “Tournament Format”, the Tournament consists of the following series of Games and Matches (as defined herein) to be played over a seven (7) day period: Six (6) days of qualifying and one (1) day of Finals. The Tournament is an open competition featuring “iRacing” (the “Title Game”), developed and published by iRacing.com Motorsport Simulations (“Publisher”). The Publisher, along with RX and any entity involved in supplying or fulfilling prizes for the Tournament or any other entity involved in implementing, producing or managing the Tournament, in whole or in part, shall be collectively known as the “Tournament Organizers” and each of RX and Publisher or any other aforementioned entity shall individually be known as a “Tournament Organizer” for the purposes of these Official Rules. These Official Tournament Rules (“Official Rules”) govern the Tournament. These Official Rules are in addition to the rules that govern how the Title Game is played (the “Game Play Rules”). The Game Play Rules are set forth in Section 8, entitled “Game Play Rules”. Each person who participates in the Tournament is referred to as a “Player” and must meet the eligibility requirements as described in Section 4 herein. Each Player unconditionally accepts and agrees to comply with and abide by these Official Rules and the decisions that the Tournament Organizers make about the Tournament, including without limitation decisions regarding the interpretation and implementation of these Official Rules and the administration of the Tournament.
    [Show full text]