Investor Presentation February 2019 2 Executive Summary

Total Page:16

File Type:pdf, Size:1020Kb

Investor Presentation February 2019 2 Executive Summary Investor Presentation February 2019 2 Executive Summary Company Overview • Oricon Enterprises Ltd.(OEL) is a 50+ year old diversified conglomorate in to Packaging, Marine Logistics, Real Estate and Petrochemicals. • The company is backed by strong promoters and operated by experienced and professional management. • Market Cap of the company as on 31st December, 2018 was INR 4,986 Mn. Packaging Business Marine Logistics Business Petrochem Business Market leader with experience Providing integrated logistics Engaged in the business of Real Estate of over 5 decades in Indian services like lighterage, stevedoring, manufacturing of pentanes Cashing in on primer location Caps and Closures Industry coastal movements, chartering of and ISO pentanes with an land bank through Co- having an annual capacity to ships etc. with presence across 8 annual capacity of 10,000 tons Development. manufacture 19 Bn closures and minor ports in 3 states and a fleet now expanding into PET size of more than 300 equipment. Preforms. Marquee Clients • Closure Business – Coca-Cola, Pepsi Co, Hindustan Unilever Ltd, Parle Agro. • Shipping Business – ESSAR, Reliance, Ambuja Cement, Binani Cement, Hindustan Zinc Ltd, Adani group, JK Cements ltd. • Petrochemicals – Reliance, BASF, The Linde Group, Godrej, Nirma etc. • Real Estate – OEL has a signed joint development agreement with India Bulls Infraestate Ltd for the 2 acre plot of land in Worli. Total Income EBITDA EBITDA Margins Net Profit PAT Margins FY18* INR 10,771 Mn INR 1,261 Mn 11.71% INR 225 Mn 2.09% *Consolidated 3 Oricon At a Glance Focused management team for each Diversified business model Virtually a Zero Long term Debt company business segment Packaging Largest installed capacity Setting up new Plant in Strategic Location of 9 recognized brand across of 19 Bn plastic and metal Orissa for manufacturing manufacturing facilities the packaging segment closures in India Pet Preforms Marine Logistics Largest player in Presence across 8 Owns a private jetty Commenced Strong Equipment Integrated marine Minor ports in Gujarat in Gujarat essential Operations in Sri base logistics services and Maharashtra for coal imports. Lanka Petrochem Real Estate Expecting Strong Cash During 9M-FY19, Signed JDA with Annual Pentane Manufacturing flow in the next 1-2 years realisation share shall Indiabulls Infraestate for Capacity 10,000 tons stand reduced from 30% India Bulls BLU (INR 3,000 Mn already received) to 12% COMPANY OVERVIEW 5 Company Overview • Oricon Enterprises Ltd (OEL) a flagship company of Parijat Consolidated Revenue Breakup (in INR Cr) Enterprises has interests in Marine Logistics, Packaging, Petrochemicals and Real Estate. 58 36 71 • Oriental Containers Ltd (OCL) was a wholly owned 100% 53 308 377 140 subsidiary of OEL is the largest player in India manufacturing 332 a range of plastic and metal closures. Currently the 359 company has been merged with OEL. 117 393 387 • The two manufacturing facility of OCL are strategically 528 located in Goa and Murbad with an annual capacity of 406 368 473 8,000 Mn units of Plastic Closures and 11,276 Mn units of Metal Closures respectively. FY15 FY16 FY17 FY18 • The company is expanding into manufacturing of PET preform in Orissa with an expected annual capacity of Marine Logistics Packaging Automobiles 25,000 tons in two phases by FY20. Petrochem Other Real Estate • In the Marine Logistics business, United Shippers Ltd (USL), a FY19 Revenue Mix (INR Cr) 64.29% subsidiary of OEL, is the one of the largest players in FY18 Business Mix (Consolidated) Standalone India providing integrated logistics and cargo handling 6 services. 8 5% Marine Logistics • The petrochemical business which is the standalone business 1 of the company is into manufacturing of pentanes; the 9 150 13 14% Packaging manufacturing facility is located in Khopoli with a capacity 58 0 9 46% of around 10,000 tons per annum. Automobiles 111 80 72 35% Others Q3-FY19 Q2-FY19 Q1-FY19 Packaging Real Estate Petrochemical Other 6 Promoter & Other Key Managerial Personnel Mr. Rajendra Somani, Managing Director OEL Other Board Members • Over 47 years of experience and associated with OCL since inception. • Mechanical Engineer from Mumbai University • Mr. BK Toshniwal, Executive Director • Successful track record of setting-up and operating several new • Mr. Vinod Mimani, Director businesses under Parijat Group. • Mr. KG Gupta, Director • Key role in the strategic decision‐making and management of client • Mr. N Ganga Ram, Director and supplier relationships. • Mr. Vijay Bhatia, Director • Mrs. Mamta Biyani, Director Mr. Sevantilal Jivanlal Parekh, Promoter (OEL) & Chairman & MD of USL • Mr. Vikram Parekh, Director • 50 years of experience across the industry including shipping, construction, manufacturing, investment and finance. • Commerce graduate from Sydenham College, Mumbai in the year 1952. OEL Key Managerial Personnel Mrs. Sujata Parekh Kumar, Director & Jt. MD of USL • Mr. Sanjay Jain, Company Secretary. • Bcom graduate from Mumbai University. • Mr. B.M. Gaggar, CFO • MBA from Fairleigh Dickinson University, U.S.A. • Over 34 years in the field of shipping, investment, insurance and finance. Key Management Personnel - Packaging Business • Mr. Shrikant Malpani, Director Works (Murbad) Mr. Surendra Somani. Promoter (OEL) • Bcom Graduate from Mumbai University. • Mr. Sudeep Singh, Director Works (Goa) • More than 36 years of experience in the Pharmaceutical Industry. • Mr. PK Talpatra, Director - Marketing (Domestic) • Mr. VN Kamath, Director - Marketing (Exports) Mr Susheel Somani, Chairman • Mr. SP Soparkar, Director- Technical • MSc in Organic Chemistry from Mumbai University. • Mr. Sukhjeevan Singh Bhimber , Director Marketing-Plastic • More than 50 years of work experience in the field of manufacturing and Closures warehousing of molded paper pulp products. • Mr K.S.K. Sunder, Joint Director Marketing (Export) Mr. Adarsh Somani, Joint MD USL Key Management Personnel • Bcom Graduate from Mumbai University • 20 years of rich in Experience in Marketing of FMCG Products, Real Estate • Capt. Dinyar P Karia, Director & CEO and Finance • Mr. Paras J Dakalia, Director- Finance Mr. Varun Somani, Director (BBA, University of Michigan) • Mr. Nagendra Agarwal, Company Secretary & Head • After a brief stint in Investment Banking with Merrill Lynch in New York, he Legal joined Parijat Group in 2004. • Capt. Prabhat Pandey, Chief GM Operations • He is instrumental in setting up a new PET preforms packaging unit of the • Mr. Manish Holani, Senior Vice President Commercial company. 7 Business Structure ORICON ENTERPRISES Packaging Marine Logistics Petrochemicals Real Estate • OCL is one of the largest • USL provides an end to end • OEL manufactures Pentane • Oricon Enterprises Ltd has player in the business of integrated marine logistics and ISO pentanes. signed a Joint Development manufacturing metal and service to its customers. Agreement with Indiabulls plastic closures. Infraestate for co- • These chemicals are generally • Largest installed capacity development of a 2 Acre plot • The company has a fleet size used for extraction of paraffin of land in Worli, Mumbai crowns, ROPP and plastic of more than 300 equipment wax and making of polyester beverage closures in India. under the Indiabulls BLU which caters to the demand foam. project. • ISO 9001:2008 & ISO 22000 of the clients. certified products. • Annual capacity is 10,000 tons • 30-40% market share in each • Largest handler of dry bulk working at a 40-45% capacity product segment. cargo like coal, pet coke, utilisation. • Expansion into manufacturing cement etc. of PET preforms with the total capacity of 25,000 tons after completion of expansion by FY20 in two phases. 8 PACKAGING BUSINESS 9 Business Overview • OCL (now merged in OEL) is the largest player in the packaging business manufacturing caps and closures in the country since the last 5 decades. • The company is the largest manufacturer of plastic and metal caps & closures in India with an annual installed production capacity of ~19 Bn units. • Product Portfolio Includes: Metal Closures: crowns caps, roll on pilfer proof caps (ROPP), twist ‐ off caps, aluminium collapsible tubes; Plastic closures for carbonated soft drinks, warm / hot fills and bottled water applications. • National Market leader in Plastic & Metal closure segments with over 30% market share in each category. • Expansion into manufacturing of PET Preforms in Orissa with the total capacity of 25,000 tons in two phases which will be completed by FY20. • The company exports the closures to more than 45 countries and this accounts to around 20% of its total sales in the packaging business. • Proximity of the manufacturing facilities to sea and air ports enables savings on the logistics costs and help on time delivery of products to its clients. 10 Competitive Edge Complete range of Metal and Competitive Edge 5 Brands Plastic Caps & Closures Market leader in Indian caps and closures No.1 Industry ~20 Years Of Strong OEM Relationship Strong presence across Globe through 40 Countries exports Manufacturing units at Murbad, Maharashtra 2 Facilities & Goa - Strategically Located close to ports Higher installed capacity than the closest three domestic Long and Sustained Customer Association competitors combined Long standing customer relationships across the entire product range Most comprehensive range of products in the Indian caps & closures market Significant presence in Key export markets Long Track record of technological adoption,
Recommended publications
  • 『Sex Blood Rock N' Roll』
    『SEX BLOOD ROCK N’ ROLL』 OUT NOW VAMPS’ career-spanning overseas debut album “SEX BLOOD ROCK N’ ROLL” is now ready!! VAMPS, Japan’s most daring rock duo formed by HYDE (L’Arc~en~Ciel) and K.A.Z (Oblivion Dust) have recently celebrated charLng in at 3rd place in the Oricon Weekly Charts with their most recent single “AHEAD/REPLAY”. “SEX BLOOD ROCK N’ ROLL” is VAMPS’ overseas debut album. HYDE commented, “This album isn’t just a compilaon of our previous releases. We’ve newly recorded some of the instrumental parts, re-recorded the vocals for each track with enLrely English lyrics, and we’ve also redone the mixing. It’ll be our first overseas album which shows us at our absolute best, as well as serving as our “best of” album in Japan”. The album is released not only in the countries that they just finished playing as part of their European tour, but also in other areas which are soon to be announced as their next desLnaon. Their European tour in Spain, France, Germany and the U.K., held in partnership with LIVE NATION, known for producing worldwide tours for stars such as Lady Gaga, Madonna and U2. The album was released on Sept 30th in the U.K, Oct 15th in The U.S.A, and Sept 25th in Japan (releases is following in other countries). The track list consists of 13 tracks – “DEVIL SIDE”, “REDRUM”, “REVOLUTION II”, “THE PAST”, “VAMPIRE DEPRESSION”, “SWEET DREAMS”, “Life On Mars?”, “HUNTING II”, “LOVE ADDICT”, “ANGEL TRIP”, “MEMORIES”, “MY FIRST LAST” and “SEX BLOOD ROCK N’ ROLL”.
    [Show full text]
  • Kana Uemura: J-Pop & American Pop Songs Performance Night
    PRESS RELEASE FROM THE JAPAN INFORMATION & CULTURE CENTER, EMBASSY OF JAPAN Kana Uemura: J-Pop & American Pop Songs Performance Night Presented at the Kennedy Center Millennium Stage Part of the 2018 National Cherry Blossom Festival Media Contact: Publicity Coordinator, Japan Information & Culture Center, Embassy of Japan Phone: 202-238-6947 Email: [email protected] WASHINGTON DC, (March 1, 2018) – The Japan Information & Culture Center (JICC), Embassy of Japan, DC, is excited to present Kana Uemura for a night of J-pop and American pop songs at the Kennedy Center‘s Millennium Stage as part of the 2018 National Cherry Blossom Festival. NYC-based Japanese singer, songwriter, and guitarist Kana Uemura is known for her J-pop hits, including the 2010 song “Goddess of the Bathroom” that reached number one on the Billboard Japan Hot 100 and Oricon Charts. She will perform a mix of J-Pop (Japanese pop music) and American Pop music including her original songs in both Japanese and English. Listeners of all ages from Japanese and American audiences alike have enjoyed her music. Her special appearance and performance is part of the Embassy of Japan’s cultural offerings during the National Cherry Blossom Festival. Kana Uemura: “J-Pop & American Pop Songs” Performance Night April 18, 2018 || Wednesday at 6PM || Millennium Stage Admission: FREE, walk-ins welcome, first come first served Kana Uemura started her career with street performances as a teenager and made her major debut in Japan in 2005. She became a national star with her 2010 hit “Goddess of the Bathroom.” She moved to New York in 2016 and has been performing the city on a monthy basis.
    [Show full text]
  • 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.
    [Show full text]
  • International Sustainability Core 1 Portfolio As of July 31, 2021 (Updated Monthly) Source: State Street Holdings Are Subject to Change
    International Sustainability Core 1 Portfolio As of July 31, 2021 (Updated Monthly) Source: State Street Holdings are subject to change. The information below represents the portfolio's holdings (excluding cash and cash equivalents) as of the date indicated, and may not be representative of the current or future investments of the portfolio. The information below should not be relied upon by the reader as research or investment advice regarding any security. This listing of portfolio holdings is for informational purposes only and should not be deemed a recommendation to buy the securities. The holdings information below does not constitute an offer to sell or a solicitation of an offer to buy any security. The holdings information has not been audited. By viewing this listing of portfolio holdings, you are agreeing to not redistribute the information and to not misuse this information to the detriment of portfolio shareholders. Misuse of this information includes, but is not limited to, (i) purchasing or selling any securities listed in the portfolio holdings solely in reliance upon this information; (ii) trading against any of the portfolios or (iii) knowingly engaging in any trading practices that are damaging to Dimensional or one of the portfolios. Investors should consider the portfolio's investment objectives, risks, and charges and expenses, which are contained in the Prospectus. Investors should read it carefully before investing. Your use of this website signifies that you agree to follow and be bound by the terms and conditions
    [Show full text]
  • Free Download Olariche Music Free Download Olariche Music
    free download olariche music Free download olariche music. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Another way to prevent getting this page in the future is to use Privacy Pass. You may need to download version 2.0 now from the Chrome Web Store. Cloudflare Ray ID: 67a9b146fa86c41f • Your IP : 188.246.226.140 • Performance & security by Cloudflare. Music download. The iTunes Store accessed via a mobile phone, showing Pink Floyd's album The Dark Side of the Moon . A music download (commonly referred to as a digital download ) is the digital transfer of music via the Internet into a device capable of decoding and playing it, such as a personal computer, portable media player, MP3 player or smartphone. This term encompasses both legal downloads and downloads of copyrighted material without permission or legal payment. According to a Nielsen report, downloadable music accounted for 55.9 percent of all music sales in the US in 2012. [nb 1] [1] By the beginning of 2011, Apple's iTunes Store alone made US$ 1.1 billion of revenue in the first quarter of its fiscal year.
    [Show full text]
  • Oricon Enterprises Limited
    Oricon Enterprises Limited ICRA has suspended [ICRA]BBB 1 (pronounced ICRA triple B) rating with a stable outlook assigned to the Rs. 10.0 crore2, long term fund based facilities and [ICRA]A2 (pronounced ICRA A two) rating assigned to the Rs 15.0 crore short term, fund based/non-fund based facilities of Oricon Enterprises Limited. The suspension follows ICRA’s inability to carry out a rating surveillance in the absence of the requisite information from the company, and is in line with ICRAs policy on suspension and withdrawal. September 2016 For further details, please contact: Analyst Contacts: Mr. Subrata Ray (Tel. No. +91 22 6114 3408) [email protected] Sakshi Suneja (Tel No. +91 22 6114 3422 [email protected] Kinjal Shah (Tel No +91 22 6114 3442) [email protected] Relationship Contacts: Mr. L. Shivakumar, (Tel. No. +91 22 6114 3406) [email protected] © Copyright, 2016, ICRA Limited. All Rights Reserved Contents may be used freely with due acknowledgement to ICRA ICRA ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments. ICRA ratings are subject to a process of surveillance, which may lead to revision in ratings. An ICRA rating is a symbolic indicator of ICRA’s current opinion on the relative capability of the issuer concerned to timely service debts and obligations, with reference to the instrument rated. Please visit our website www.icra.in or contact any ICRA office for the latest information on ICRA ratings outstanding. All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable, including the rated issuer.
    [Show full text]
  • Check on Me Pdf, Epub, Ebook
    CHECK ON ME PDF, EPUB, EBOOK Andrew Daddo,Jonathan Bentley | 28 pages | 01 Feb 2013 | ABC Books | 9780733331510 | English | Sydney, Australia Check on Me PDF Book Web management portal Centralised view of all workers Historical reports. Archived from the original on February 16, Parasite Eve. Create an account to credit all your contributions to your name, receive rewards, status updates and get feedback from our community. Landmark Media Enterprises. Baltimore City Paper. Aagizer Retrieved October 16, The Possibilities of check on. AOL Music. Wobble Up. Retrieved January 7, Ask us or our community about the part of the song that interests you We will try to respond as soon as possible. The New York Times Company. International remixes EP feat. Slim Thug — Check on It" in German. Book Category. World Tour during various stops. Apple Inc Retrieved December 26, Retrieved January 15, Write song meaning. It's simple. Retrieved Check on Me Writer Download as PDF Printable version. January 26, Retrieved August 3, Oricon Style in Japanese. Would you keep going? Landmark Media Enterprises. September 1, Swiss Singles Chart. Views Read Edit View history. Incorporating s influences, the video was shot in pink to brand the relationship with The Pink Panther. Archived from the original on November 24, After registration you can select whether a device is a tracked device, a tracking device or both. World Tour during various stops. Baltimore City Paper. Wash Us In The Blood. Slim Thug. Archived from the original on November 16, Official Charts Company. Ryan Schreiber. Music Canada. GfK Entertainment Charts. Archived from the original on October 9, The making of "Check on It" Documentary.
    [Show full text]
  • Digital-Music-Report-2015
    CONTENTS 4 25 Introduction Moving to a global release day in 2015 Plácido Domingo, chairman, IFPI Frances Moore, chief executive, IFPI 27 Country case studies 6 Brazil: a top performing market Market overview China: moving towards paid services An evolving portfolio business Germany: streams grow, CDs resilient Regional picture 32 10 Music and the wider economy Most popular artists and global bestsellers of 2014 The broader effect of investment in artists IFPI Global Recording Artist of the Year 2014 Music helps drive social media Top selling global albums & singles of 2014 Music and economic growth How streaming is changing the charts Tomorrow’s world 14 34 Key recording industry trends in 2014 Labels working with artists: four case studies Subscription drives the music portfolio David Guetta: using data intelligently New global services, more reach Lucas Lucco: artist and digital native Smartphones and partnerships drive growth Sam Smith: innovative promotion Getting subscription to the mass market Wakin Chau: interactive digital promotion Streaming revenue models Streaming services compete on curation 38 Payment options diversify Tackling digital piracy Downloads decline Consumer attitudes towards piracy Video streaming surges Website blocking Search engines 20 Advertising and payment providers New IFPI data shows artist payments Piracy and apps as share of revenues are up IFPI’s content protection work 22 41 Fixing the ‘value gap’ in digital music Digital music services worldwide Cover Taylor Swift photo by Sarah Barlow + Stephen Schofield Robin Schulz photo by Geturshot.com Wakin Chau photo courtesy of Rock Group One Direction photo by RJ Shaughnessy Lucas Lucco photo by Guto Costa Ed Sheeran photo by Ben Watts Katy Perry photo by Cass Bird This report includes new findings from a consumer study carried out by IPSOS in January 2015 across 13 of the world’s leading music markets (Australia, Brazil, Canada, France, Germany, Great Britain, Italy, Japan, Mexico, South Korea, Spain, Sweden, United States), www.ifpi.org commissioned by IFPI.
    [Show full text]
  • WRESTLING with OR EMBRACING DIGITIZATION in the MUSIC INDUSTRY the Contrasting Business Strategies of J-Pop and K-Pop
    Parc & Kawashima / Wrestling with or Embracing Digitization 23 WRESTLING WITH OR EMBRACING DIGITIZATION IN THE MUSIC INDUSTRY The Contrasting Business Strategies of J-pop and K-pop Jimmyn Parc Seoul National University and Sciences Po Paris [email protected] Nobuko Kawashima Doshisha University [email protected] Abstract Digitization has significantly changed the process for producing and consuming music: from analogue to digital, albums to songs, possess to access, audio to visual, and end products to promotional products. In this globalized digital era, actively embracing digitization would likely help enhance the competitiveness of the music industry. The rise of K-pop and the decline of J-pop clearly demonstrate the different results from whether to embrace or wrestle with digitization. The Korean music industry recognized changes brought on by digitization earlier and was more active in responding with effective strategies. By contrast, the Japanese music industry did not immediately respond to these changes but stuck to its rent-seeking behavior in order to take advantage of its larger market size and ‘sophisticated’ copyright regime. The implications from this paper is that business activities are the core element for creating and enhancing competitiveness of the music industries. Keywords J-pop, K-pop, Hallyu, music industry, digitization, cultural industry Kritika Kultura 30 (2018): 23–048 © Ateneo de Manila University <http://journals.ateneo.edu/ojs/kk/> Parc & Kawashima / Wrestling with or Embracing Digitization 24 About the Authors Jimmyn Parc is a visiting lecturer at Paris School of International Affairs (PSIA), Sciences Po Paris, France and a research associate at the EU Centre, Graduate School of International Studies (GSIS), Seoul National University.
    [Show full text]
  • American Century Investments® Quarterly Portfolio Holdings Avantis
    American Century Investments® Quarterly Portfolio Holdings Avantis® International Equity ETF (AVDE) November 30, 2020 Avantis International Equity ETF - Schedule of Investments NOVEMBER 30, 2020 (UNAUDITED) Shares/ Principal Amount ($) Value ($) COMMON STOCKS — 99.7% Australia — 6.5% Accent Group Ltd. 14,526 23,059 Adairs Ltd. 9,223 21,547 Adbri Ltd. 12,481 28,274 Afterpay Ltd.(1) 48 3,354 AGL Energy Ltd. 8,984 89,075 Alkane Resources Ltd.(1)(2) 41,938 31,367 Alliance Aviation Services Ltd.(1) 5,187 13,148 ALS Ltd. 2,039 14,302 Altium Ltd. 1,563 40,787 Alumina Ltd. 16,346 20,996 AMA Group Ltd.(1) 16,885 9,258 AMP Ltd. 223,348 280,458 Ampol Ltd. 2,595 58,421 Ansell Ltd. 1,333 36,644 APA Group 16,232 123,383 Appen Ltd. 1,821 42,222 ARB Corp. Ltd. 3,172 64,616 Ardent Leisure Group Ltd.(1) 22,550 13,624 Aristocrat Leisure Ltd. 12,775 300,907 ASX Ltd. 1,422 80,525 Atlas Arteria Ltd. 5,725 27,252 Atlassian Corp. plc, Class A(1) 2,086 469,454 Aurelia Metals Ltd. 60,190 18,351 Aurizon Holdings Ltd. 113,756 355,100 AusNet Services 71,401 97,009 Austal Ltd. 23,896 51,252 Australia & New Zealand Banking Group Ltd. 67,427 1,121,525 Australian Agricultural Co. Ltd.(1) 32,331 25,519 Australian Ethical Investment Ltd. 3,654 13,530 Australian Finance Group Ltd. 21,308 37,254 Australian Pharmaceutical Industries Ltd. 29,606 26,147 Bank of Queensland Ltd.
    [Show full text]
  • Cultures of Music Piracy an Ethnographic Comparison of the US and Japan
    05 condry (ds) 17/8/04 11:27 am Page 343 ARTICLE INTERNATIONAL journal of CULTURAL studies Copyright © 2004 SAGE Publications London, Thousand Oaks, CA and New Delhi www.sagepublications.com Volume 7(3): 343–363 DOI: 10.1177/1367877904046412 Cultures of music piracy An ethnographic comparison of the US and Japan ● Ian Condry Massachusetts Institute of Technology, USA ABSTRACT ● In 2003, the US recording industry, hoping to change what some view as a ‘culture of piracy’, initiated lawsuits against its own consumers. What is this culture of piracy and what is at stake in trying to change it? In this article, I take an ethnographic look at music file-sharing, and compare the situation in the US with Japan, the second largest music market in the world. My findings are based on fieldwork in Tokyo, and surveys and discussions with US college students. By considering the ways social dynamics and cultural orientations guide uses of digital media technology, I argue that a legal and political focus on ‘piracy’ ignores crucial aspects of file-sharing, and is misleading in the assumptions it makes for policy. A focus on fan participation in media success provides an alternative perspective on how to encourage flourishing music cultures. ● KEYWORDS ● ethnography ● fan cultures ● file-sharing ● internet ● Japan ● music ● piracy ● US The battle over online music in the US turned ugly in the summer of 2003 when the Recording Industry Association of America (RIAA) initiated lawsuits against its own consumers. Beginning in July, the RIAA issued subpoenas to internet service providers demanding disclosure of the identi- ties of computer users suspected of sharing copyrighted music files online.
    [Show full text]
  • Digital Music Report 2012 Expanding Choice
    Digital Music Report 2012 Expanding Choice. Going Global Digital Music Report 2012 Contents Introduction 3 Focus on France 20 n Plácido Domingo, chairman, IFPI n Hadopi: “Positive impact for years to come” n Frances Moore, chief executive, IFPI n The independent’s view: Innovation and “meaningful sanctions” Artist voices 5 Focus on the US 21 Digital Music: Expanding Choice. n ISP agreement and strong digital growth Going Global 6 n Executive Summary Focus on South Korea 22 n Global digital growth rate accelerates n A continuing success n The global top selling digital singles of 2011 n Access or ownership? You choose Developing a legitimate business in China 23 n Global expansion n Major record companies license Baidu n Progress against piracy n Intermediaries have a key role Protecting content online: Intermediaries step up 24 The business models of digital music 10 n Search engines should link to legal music n Downloads break through borders n Advertising: Cutting the funds to piracy n Digital album demand alive and kicking n Payment providers act on illegal sites n The rise of subscription n Hosting providers: A key partner n Subscription reaches new consumers n Bundling music – a route to the mass market Self-Help: Anti-piracy enforcement n Internet radio continued to expand and education 26 n Music video meets strong consumer demand n Tackling the pre-release hackers n Public education: a long term commitment The art of digital marketing 14 n A Guide to Music, Film, TV and the Internet Piracy: Improved cooperation from Digital Music
    [Show full text]