FMCG or fast moving consumer goods sprang out of the mass industrialisation. Brands sprang up originally as a guarantee of quality. Later on as these brands needed to be promoted, we saw the foundation of the what we think of as modern marketing and advertising.
Today media and entertainment takes up an increasing amount of the household spend, as does housing, but FMCGs are a crucial part of their essential and disposable income spend.
They have nostalgia wrapped up in them, distinctive aromas, taste and packaging designs. From the smell of my Granny using so much Pledge on the TV that I was surprised it didn’t burst into flame to the taste of Cidona and texture of Boland’s Fig Roll biscuits in my mouth.
The sound of their advertising jingles was the soundtrack of my childhood. Digital advertising is largely rationale, it lacks the fluent devices that provide the centre to advertising and made FMCG advertising iconic. Fluent devices like the Peperami ‘Animal’, the M&M characters or the Cadbury Smash robots were embedded in deep marketing research. FMCG brands still sponsor the best research in marketing science.
I had the good fortune to work inhouse at Unilever and agency-side for their brands. I also managed to work on Coca-Cola and Colgate during my time in Hong Kong.
I had heard a variant on the ‘Soviet steel’ story that was responsible for Italian cars being rust buckets when I was growing up. The version I heard was that high proportions of recycled scrap from rusted war wreckage and dismantled ships had been put in Italian steel to make it cheaper. (It was easy to believe this version. Libya had a strong historic connection to Italy and prior to oil being discovered Libya’s top export was scrap metal from abandoned military equipment of the second world war’s North African campaign.) Secondly, Russian cars that made it to the west were unreliable and suffered from rust, which supported beliefs about Soviet steel. The reality would have been that the quality related issues in Alfa Romeo’s factories likely would also occur with unmotivated Soviet workers during the economic stagnation from the late 1960s onwards.
Soviet goods had a rough and ready feel to them, it would be reasonable to assume that Soviet steel wasn’t great. The alternative explanation in this video seems to be reasonable. This viewpoint has changed in the belief of engineers like my Dad that Chinese steel of a particular grade has a quality discount like the Soviet steel of old.
Klarna valuation crashes to $6.5bn from $46bn | Financial Times – unsurprising when I see reports that about 30% of buy now, pay later loans will be struggling to pay them back. It reminds me of storecard debt during the 1991 recession. I was working during college holidays for MBNA a few years later and people were using the balance transfer function to get £20,000 to £30,000 of store card debt on to a card to play off at a lower interest rate. MBNA was then securitising their debt via bonds. There’s probably people who bought a suit at Burtons in the late 1980s that only cleared that debt by the time the millennium came around
People are leaving Hong Kong and here’s where they’re going – “Everyone’s going to Singapore,” said Pei, especially those working in finance, law and recruitment, she said. Kay Kutt, CEO of the Hong-Kong based relocation company Silk Relo, agreed, saying people are attracted to the ease of business, family friendliness, tax incentives and open borders of Singapore. In its 40-year existence, the past three years have been the busiest years on record for Silk Relo’s sister moving company, Asian Tigers, she said. “We cannot keep up with the capacity,” she said. “We don’t have enough people to serve what’s going on in the marketplace.” Families are transferring to Singapore, she said, but small- and medium-sized businesses are also on the move. Whereas one company executive might have left in the past, now “they’re all going,” she said. Small companies are “taking the entire team and putting them into Singapore.” Large companies are also relocating to Singapore, said Cynthia Ang, an executive director at the recruitment firm Kerry Consulting. She cited L’Oreal, Moet Hennessy and VF Corporation — the latter which owns brands such as Timberland and North Face — as examples, while noting there are more who haven’t made their decisions public yet. – the volume going to Singapore is immense based on the amount of people that I am seeing coming to the UK
Hong Kong resistance will live on – SupChina – a few things here. I thought the parallels between Tibet’s annexation by China and Hong Kong was interesting. I don’t think that resistance will continue on. For the majority of people, its just easier to leave. People are going to Thailand, the UK, Australia, Canada and Singapore. They are connected through family networks to the world.
Will Southeast Asia support Russia’s war with semiconductor exports? — Radio Free Asia – Southeast Asian states, apart from Singapore, have eschewed sanctions and continue to trade with Russia. But as the war drags on, that will have consequences in terms of secondary sanctions and other penalties imposed by the west. Russian supply chains run through Southeast Asia, and the United States and other western governments are have made the targeting of Russian sanctions evasion operations a top priority. One area where Southeast Asian actors may be tempted into sanctions evasion – or where, conversely, they could help pressure Russia economically – is in the export of semiconductors. – there will be a point when they will be on the receiving end of either Chinese aggression or western sanctions. In either case, the west will just standby
NASA’s administrator says cost-plus is a “plague,” just as DoD is giving up on fixed-price development | Acquisition Talk – this reminds me so much of the UK’s ministry of defence. My Dad moved over to the UK to work on the Resolution class of submarines that were designed to carry the Polaris nuclear missile. At the time the Royal Navy paid for these submarines on a cost plus basis which meant that the shipyard advertised for tradesmen in newspapers in Ireland and across the Commonwealth. A lot of people spent a lot of time drinking tea and claiming overtime. One can understand why cost plus could be seen as a plague.
However bad cost plus is, fixed cost doesn’t seem to work either with failed projects and strong disincentives to try innovative solutions. Where NASA is at the moment I can understand why fixed price makes more sense than cost plus. But high innovation programmes like Ares or the Apollo programme would do better under cost plus. One of the current best arguments for cost plus is the likelihood that the Ajax armoured vehicle will never be issued. It is a ‘firm priced’ meaning fixed price contract. Crossrail looks more like a cost plus project, it was a mess, it cost way too much, but it runs. I wonder if the UK ministry of defence will ever consider cost plus again?
Opinion | Boris Johnson Is in Trouble, and So Is Britain’s Conservative Party – The New York Times – First through austerity, then through Brexit and Mr. Johnson, the Conservatives have left Britain in the ruins of their ambition. Each one of their proposed solutions, offered in the name of national renewal, has made the situation worse. No one in the party can escape blame for this baleful legacy. One of the pretenders to Mr. Johnson’s throne — Rishi Sunak, Liz Truss or Jeremy Hunt — may offer a change in style. But a substantial change of course is unlikely to come. An economy predicated on low productivity and low investment, buttressed by a self-defeating lack of seriousness about Britain’s condition, is all the Conservatives seem to be able to offer.– Worthwhile reading in association with this: Grim times lie ahead for UK as inflation combines with low growth | Financial Times
Russian emails appear to show ‘network’ holding $4.5bn assets linked to Putin | Russia | The Guardian – An anti-corruption expert in Russia, who requested anonymity given the political situation in Moscow, said the findings raised questions as to whether there was a level of “common management”. “LLCInvest looks most of all like a cooperative, or an association, in which its members can exchange benefits and property,” they suggested. For nearly two decades, Putin has been accused of secretly accumulating vast wealth through proxies, fuelled by a series of disclosures in leaks such as the Pandora papers about the fortunes of those closest to him. Sergey Kolesnikov, a businessman, claimed 10 years ago that he had been behind a scheme that allowed a group of Russia’s top oligarchs to pool billions of rubles into a type of “investment fund” for the benefit of Putin, who was then serving as prime minister. The claims were denied and Kolesnikov fled from Russia. – Interesting how this has been set up
It’s time for data-first diversity, equity, and inclusion | Fortune – In 2010, using nationally representative data on thousands of individuals in their 40s, I estimated that Black men earn 39.4% less than white men and Black women earn 13.1% less than white women. Yet, accounting for one variable–educational achievement in their teenage years––reduced that difference to 10.9% (a 72% reduction) for men and revealed that Black women earn 12.7 percent more than white women, on average. Derek Neal, an economist at the University of Chicago, and William Johnson were among the first to make this point in 1996: “While our results do provide some evidence for current labor market discrimination, skills gaps play such a large role that we believe future research should focus on the obstacles Black children face in acquiring productive skill.”
Incoming Hong Kong leader John Lee unveils team, while Beijing lays out key expectations | South China Morning Post – John Lee pledges to win people’s trust and make policies that meet demands as State Council approves his governing team. Hong Kong and Macau Affairs Office lays out five expectations for incoming administration, including tackling housing and addressing wealth gap – this explains the big gaps in Lee’s previous policy document. What’s less apparent is how Lee will deliver on these intractable challenges when every previous chief executive haven’t managed to address them
Edelman Launches Global Gen Z Lab | Edelman – Today, Edelman announces the formation of The Gen Z Lab, a global offering comprising 100 Gen Z employees, a roster of internal and external on-call advisors, and data hub dedicated to generational insights. Under the watch of Edelman’s Global Chief Brand Officer, Jackie Cooper, the Gen Z Lab will lend expertise, perspective and counsel clients looking to effectively engage the Gen Z consumer. In a breakthrough move, Edelman is also appointing the world’s first ZEO as a cultural and creative advisor for the Gen Z Lab. Stepping into this inaugural consultative role from July 1st, will be gender fluid fashion designer, Harris Reed. He will be supported by Amanda Edelman as Gen Z COO. The Gen Z Lab will harness their generation’s perspective and ambitions to solve issues such as race and diversity, sustainability, and climate change, and align with brand interests to become catalysts for change. – I’d totally trust them managing my brand reputation…………….. NOT!
Meta’s new digital fashion marketplace will sell Prada, Balenciaga and Thom Browne | Vogue Business – Balenciaga CEO Cédric Charbit in a release. “Web3 and Meta are bringing unprecedented opportunities for Balenciaga, our audience and our products, opening up new territories for luxury.” Balenciaga, along with Prada and Thom Browne, is among the first to sign on to sell digital fashion in a new Meta-created avatar store where people can buy clothing for their avatars to wear on Instagram, Facebook and Messenger. Eventually, other designers will be able to independently offer digital clothing for sale in the marketplace. The items for sale in the avatar store will range from $2.99 to $8.99 to start. A Meta spokesperson said that it did “not have details to share” on if or how it would share revenue with designers. Meta CEO Mark Zuckerberg and Instagram VP of fashion partnerships Eva Chen, who announced the updates via Instagram Live on Friday, said these capabilities will be available next week, starting with the US, Canada, Thailand and Mexico. – Worthwhile reading this piece also: Inside The Metaverse Strategies Of L’Oréal And LVMH | The Drum
What Chinese media reveals about Shein’s secretive operations – Rest of World – There are two main kinds of suppliers: “free on board,” those that make simple designs they haven’t devised themselves, and “original design manufacturers,” those that do both. They all feed into Shein’s sprawling manufacturing execution system (MES). The designer-suppliers will find pictures online and send a selection to Shein’s internal buyers for consideration; the buyer and their manager settle on a final pool. Once samples have been received, there might be two, or even three, rounds of changes before manufacturing can commence. (The entire time, everything needs to be recorded in the MES — materials, pricing, even chat logs — something suppliers balk at, because, if the deal falls through, all the information sits in Shein’s records, and there’s nothing to stop them from producing it elsewhere.) – I could see Amazon acting in a similar way
China’s Expanding Surveillance State: Takeaways From a NYT Investigation – The New York Times – DNA, iris scan samples and voice prints are being collected indiscriminately from people with no connection to crime. The police in China are starting to collect voice prints using sound recorders attached to their facial recognition cameras. In the southeast city of Zhongshan, the police wrote in a bidding document that they wanted devices that could record audio from at least a 300-foot radius around cameras. Software would then analyze the voice prints and add them to a database. Police boasted that when combined with facial analysis, they could help pinpoint suspects faster. In the name of tracking criminals — which are often loosely defined by Chinese authorities and can include political dissidents — the Chinese police are purchasing equipment to build large-scale iris-scan and DNA databases. The first regionwide iris database — which has the capacity to hold iris samples of up to 30 million people — was built around 2017 in Xinjiang, home to the Uyghur ethnic minority. Online news reports show that the same contractor later won other government contracts to build large databases across the country. The company did not respond to The Times’s request for comment. The Chinese police are also widely collecting DNA samples from men. Because the Y chromosome is passed down with few mutations, when the police have the y-DNA profile of one man, they also have that of a few generations along the paternal lines in his family. Experts said that while many other countries use this trait to aid criminal investigations, China’s approach stands out with its singular focus on collecting as many samples as possible. – and more here: Police in China Stalk Citizens With Surveillance That Predicts Future Crime
Redefine Meat are a brand that is competing in the meat alternative space from Beyond Meat to Quorn. Redefine Meat is plant based and has support of chef Marco Pierre White. The premise of the ad addresses a thorny question in a humorous way. What happens to the herds of livestock who would be no longer needed, if the world became a vegan utopia? Their solution is the cow repurposing institute – a job training centre for cattle. Of course, the likely solution will be much less vegan friendly.
The trailing edge chip shortage
Asianometry goes into the shortage of trailing edge process manufactured processors. These produce chips with a low cost per unit as the capital costs of the chips were covered years ago. Older foundries are running at very high utilisation rates. There is a problem trying to get hold of older equipment. Interesting point mentioned that MEMS are in particular demand due to the Ukraine invasion.
Skinner on Machiavelli
Niccolò di Bernardo dei Machiavelli is so well known his family name became a noun and and adjective to describe someone who was cunning. The Prince – his book on governance is cited by far more people than have actually read it. I liked this talk by historian Quentin Skinner on the man and his work. Skinner is from the Cambridge school of historians that seeks to contextualise the environment of historical figures (and so better understand their actions).
McDonalds goes ambient
This seems to be an ad that was commissioned for a Spanish speaking market, but I suspect that it might be a student piece of work. The craft is stunning. Given that McDonalds has worked hard to point out that its food is made from ‘real’ ingredients, this ad might be counterproductive – hence the reason why I think it might be a student project. It promotes McDonald’s range of McMuffin breakfast sandwiches.
Transforming logos for Pride has lost brand impact | Marketing Week – When the mass market starts arguing over who gets the specially altered distinctive asset for the month, it’s probably time to retire the whole code-playing business forever. Monkeys cannot run the zoo – especially the zoo’s Special Surprise Tricks Unit, which designs things to influence the monkeys without them knowing anything about it. Pride month clashed with the platinum jubilee. Brands got involved with the platinum jubilee celebrations as planning got under way by local councils and British embassies by mid-May. The platinum jubilee allowed brands to reach a wider swathe of consumers than would otherwise be the case and increase their relevance to consumers lives. Celebration of pride month was seen as brands ‘deprioritising’ the platinum jubilee on one side, while platinum jubilee critics were seen as been prejudiced in nature. What struck me was the quiet of the voices in the middle ground of the Pride – platinum jubilee dispute. Perhaps its better for brands to stay out?
The West’s Struggle for Mental Health – WSJ – American psychiatrists have been studying rates of functional mental illness, such as depressive disorders and schizophrenia, since the 1840s. These studies show that the ratio of those suffering from such diseases to the mentally healthy population has been consistently rising. Ten years ago, based on the annual Healthy Minds study of college students, 1 in 5 college students was dealing with mental illness. – and depression has surged 135 percent over an 18 year period. The finding are that “The more a society is dedicated to the value of equality and the more choices it offers for individual self-determination, the higher its rates of functional mental illness.”
☕️ Candy in your coffee – this seems to be an extension of the ‘sweet flavours’ available historically from the likes of Dunkin Donuts and other coffee outlets
National security law: can Hongkongers still hold June 4 commemorative events marking anniversary of Tiananmen Square crackdown? | South China Morning Post – political scholar Steve Tsang, director of the University of London’s School of Oriental and African Studies, also said the security law was intended to ensure activities that were deemed unpatriotic could not take place in Hong Kong. “It has been enforced in a way to secure an intimidation effect,” he said. “Unless someone or members of a civil society organisation are prepared to be charged and jailed … they will not hold a public event of any sort.” Lau Siu-kai, vice-president of the semi-official Chinese Association of Hong Kong and Macau Studies, said a large vigil commemorating June 4 might be seen as an act that undermined China’s sovereignty and therefore was not worth the risk. Asked what kinds of June 4 events might be allowed in the future, the pro-Beijing scholar said: “Some implicit actions, in private, and in small groups, should be fine under the current political atmosphere.” Simon Young Ngai-man, associate dean of research at HKU’s law faculty, said the question centred on whether such acts signalled “seditious intent”, which might risk violating the Crimes Ordinance – an offence punishable by up to two years in prison for first-time offenders. “Note that intending to promote feelings of ill will and enmity between different classes of the population is also a seditious intent,” he said. “The precise meaning of ‘exciting disaffection’ is unclear. Does it cover any kind of criticism of the Chinese and Hong Kong governments?”
Diabetes drug leads to notable weight loss in people with obesity – study | The Guardian – interesting article that touches on multiple aspects of obesity as a chronic condition. The biggest issue is that government’s aren’t looking to treat it as the chronic condition related to an an endocrine system imbalance that it is. I worked on a rival drug to the one mentioned, which is being promoted in the US and other countries at the moment
An Oxford case study explains why SpaceX is more efficient than NASA — Space Business — Quartz – Planners behind projects that attempt to achieve a massive gain in a single leap, they posit, enmesh themselves in psychological patterns that lead to failure. They delude themselves in thinking the actual costs of the project will be much less than expected, because if the real costs were known, the projects would never be attempted. Platforms, on the other hand, grow incrementally. These aren’t just digital constructions but real world activities that share several characteristics: Repeatability, extendability, the ability to absorb new knowledge and adapt to new situations.
Microsoft Azure cross-tenant cloud security flaws concerning – Protocol – “It’s concerning. And it is a pattern,” said Rich Mogull, CEO at independent security research firm Securosis and a longtime security industry analyst. “And so the question is: Do we believe that that’s because they’re under greater scrutiny? Or is it that they have more problems? It might be a little bit of both.” At cloud security firm Orca Security, whose researchers have found two of the cross-tenant vulnerabilities in Azure services, the issues strongly suggest that Azure is not withstanding the pressure applied by researchers to the same degree as AWS and Google Cloud, according to Orca CTO Yoav Alon. – the more things change, the more they stay the same
Deadly secret: Electronic warfare shapes Russia-Ukraine war | AP News – Russian jamming of GPS receivers on drones that Ukraine uses to locate the enemy and direct artillery fire is particularly intense “on the line of contact,” he said. Ukraine has scored some successes in countering Russia’s electronic warfare efforts. It has captured important pieces of hardware — a significant intelligence coup — and destroyed at least two multi-vehicle mobile electronic warfare units.
A primary metaverse leader is leaving Microsoft at the wrong time — Quartz – Kipman’s exit came as a surprise to some AR industry insiders. Kipman has been the leading evangelist for Microsoft’s immersive computing efforts since the launch of the HoloLens AR headset in 2015, which he helped develop. In addition to the HoloLens, Microsoft offers its bleeding-edge Azure Kinect spatial computing depth camera, which captures and tracks 3D objects. The company has also developed Microsoft Mesh for shared AR interactions, supports a wide array of VR headsets via its Windows Mixed Reality platform, and boasts one of the most popular VR communities in AltspaceVR. Quietly, Microsoft has become the biggest name in the metaverse next to Meta, largely due to its focus on business enterprise users. But now that Microsoft is losing its immersive computing champion, where does the company’s metaverse path lead? And why is Kipman leaving at such a crucial moment?
What’s next for Glossier as founder Emily Weiss steps down after eight years | Vogue Business – Glossier is famous for popularising millennial pink in its stores, its zip-lock bubble pouch and for pioneering everyday beauty in an industry obsessed with perfection. However, signs of internal shifts began earlier this year when the beauty brand laid off nearly one-third of its staff, according to an internal email obtained by Modern Retail. It also enlisted the singer and Gen Z favourite Olivia Rodrigo to promote the brand in April, after years of relying on its own community. There have been other bumps in the road. Two years ago the sub-brand Glossier Play closed, and the brand was also called out by former store employees who made allegations about racist behaviour and a toxic work culture. Glossier publicly apologised. – for many marketers in the beauty and personal care space Glossier was the poster child of a ‘new way’ of brand building. It looks as if it wasn’t the new way at all and its had to pivot to more conventional means.
Glossier is moving from scrappy start-up to a mainstream beauty brand. Will Weiss stepping back mean that Glossier will be up for sale?
Consumer behaviour
How Labour lost the Indian vote in the local elections – New Statesman – new Indian immigrants have more in common with Rishi Sunak than with the 1970s East Africans. Born to a wealthy, upper-caste Hindu family, this immigrant is likely to have attended one of India’s most prestigious private schools, aspiring to attend an Ivy League university. They were raised by domestic help who cooked and cleaned for them. Sunak embodies the Indian upper middle class. He understands the new wealthy India. Hell, he’s a card-carrying member of the new wealthy India: the Stanford educated son-in-law of one of the biggest Indian tech families, born to middle-class Indian doctors. This means that when Labour draws attention to Sunak’s elitist background, it makes him more appealing to both Indian demographics. He achieved the social mobility the 20th-century immigrants hoped for for their children, and he is a member of the family that encapsulates the new elite India
Economics
All the reasons why so many near-retirees are going back to work — Quartz – the pandemic may have been an even bigger setback to this age group than the current data suggests. There may be many older workers who want to return to work right now and are facing well-established obstacles, such as age discrimination, that make it much harder for an older employee to be rehired after leaving or losing a job, Davis suggests. Going back to work after retirement? It’s complicated. The data also don’t indicate how many of the people who went back to work would have preferred to retire, but couldn’t—a sign that the system could be failing them
Is British science aiding and abetting the Chinese human organ trade? – Last month, for example, a government bill was passed banning British citizens from travelling overseas to purchase an organ. Accompanying this awareness is a growing unease in western academia. Eminent medics are starting to look back uncomfortably on decades of “constructive engagement” with the Chinese medical establishment – those all-expenses-paid trips to lecture budding surgeons, and the profitable arrangements to train batches of them in the west. Meanwhile editors of academic journals are scouring their back issues for too-good-to-be-true studies on organ transplants, that may have arisen from experimentation on human guinea pigs in places such as Xinjiang. In October last year a world-renowned Australian transplant doctor, Professor Russell Strong, called on all Chinese surgeons to be banned from western hospitals to prevent them using the skills they pick up there in the organ harvesting market. Now, a leading human rights body has warned medical equipment manufacturers – among others – that they might be prosecuted if their kit is found to be used in the illegal Chinese trade. – this is going to expand areas of decoupling
Unilever’s Samir Singh: Sustainability shouldn’t burden consumers with guilt or expense | Campaign Asia – existential threats to the personal care business wouldn’t just come from being innovation laggards, but could also come from feisty D2C brands or strong local rivals eating into market share. Here, Singh is more concerned about one over the other. “Despite the noise, D2C brands have made no impact on market share charts in the personal care business,” he contends. “You will hear a lot about them for the first six months to a year, (then) they will peak and then in two or three years, they tend to disappear.” Instead, it is strong homegrown local brands that worry Singh more. He points out that across categories ranging from deodorants to skin care and across markets ranging from India to Indonesia, Unilever has felt local threats to its storied global brands. These brands have been able to compete on price, innovation, distribution and brand recall. “While we have been winning with our global names, these local brands have taken market share from us previously,” he admits. – this looks like headstone for the DTC CPG boom, other comments about sustainability are interesting as well
Chanel profits skyrocket 171% on price hikes, Americas gains | Vogue Business – Chanel famously increased the prices of its iconic handbags last year (the small Classic Flap bag rose by an average 21 per cent in 2020 and a further 30 per cent in 2021, according to Jefferies analyst Flavio Cereda) and said a twice-year price adjustment is the norm for the brand. Price increases “depend on product categories and countries because it depends if the currency in one country has moved in a direction. There is not a single pricing decision which has been made in January. Usually, we revise, we adjust prices when we have to, twice a year.”
Joint Venture Between High-Tech Rheinmetall AG and DEMALOG, Germany’s Biggest Biometrics Company – Soldier Systems Daily – The strategic objective is to integrate biometric technology, artificial intelligence software, and digitization solutions in three different areas: driver monitoring, security, and industry. For Rheinmetall, the joint venture marks an important step in the transformation to digitization technology and expanding into driver monitoring solutions. Furthermore, the new joint venture enhances the Düsseldorf-based technology group’s future-oriented diversification into biometrics applications geared to the security sector and industry. The move also adds to its existing digitization and software expertise. Importantly, the partnership reinforces Rheinmetall’s capabilities in five strategic technology clusters: automation, sensors, digitization, alternative mobility, and artificial intelligence
Virtual clubbing points to future profits from the metaverse | FT – Hybe, the agency behind K-pop band BTS, was hit by a 98 per cent plunge in sales from its core live concert business in 2020 as tours were cancelled. But total annual revenues and operating profit still rose over a third, as it was quick to offer VR concerts and content. With such digital content repurposed at a fraction of the cost of live shows, operating margins rose to nearly a fifth higher than pre-pandemic levels. CJ ENM, which started using the latest VR and augmented reality technology for its virtual concerts in 2020, has also enjoyed a boost to content sales. These have since risen steadily, more than doubling in the latest quarter, as did operating profits from its music division. For Sony, sales from its music segment rose a fifth in the year to March
Making the metaverse – Smart2.0 – its odd, or disingenuous the way Meta is outlining an open metaverse rather than a walled garden, rather like a turkey voting for Christmas
