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Brock Purdy will travel with the San Francisco 49ers for their Week 12 game against the Green Bay Packers, but it will be Brandon Allen making his first start for the team—and his first since 2021. Allen learned on Friday that he would start after Purdy, dealing with a shoulder injury sustained last Sunday against the Seattle Seahawks, was ruled out for this weekend's matchup. "It's an opportunity," Allen told reporters. "The circumstances are what they are, but I think our team, all year long, we've been kind of dealing with injuries here and there, and it's been a big next-man-up mentality. "So it's definitely an opportunity for me to go out and play well and put our guys in a good position to win the game. And obviously, we want Brock back and healthy and all that, but for the time being, it is an opportunity for me." Despite Purdy missing Sunday's game, Allen expressed confidence that the injury won't affect the quarterback long-term. "I know this is like the first time Brock's missed a game, probably in his life," Allen said. "He's a tough guy. I'm sure he'll bounce right back. So, I'm not too worried about it. I don't think any of our guys are. He'll rehab and get back as fast as he can. ... I don't think it'll be anything lingering or long-term for him." Now in his second season with the 49ers, Allen has a solid grasp of head coach Kyle Shanahan's offense and feels prepared for the upcoming challenge. "I feel very comfortable in the offense," Allen shared. "Definitely, going back to last year, and then all through this year, just being in the system, calling the plays, seeing them play out, all that. So, I definitely feel comfortable in this offense." Shanahan voiced his confidence in the veteran quarterback. "I think Brandon's a really good thrower, runs our offense well," the coach said. "He's done a really good job since he's been here. He's been here two years now, and guys believe in him, and he'll give us a good chance to win." Shanahan added that Allen's insertion into the lineup doesn't require significant changes to the game plan. "This is something that we didn't think would happen early in the week," Shanahan explained. "So we were fully preparing for Brock to go and getting a little surprised by this yesterday. Nothing has to change, so that's a good deal for us." At 32 years old, Allen takes a day-by-day approach to his career, a mindset that has served him well as a backup quarterback. When asked if he ever doubted he'd get another opportunity to start, he kept the focus on the present. "For me, it's my opportunity now, so I'll take advantage of it now," Allen said. "But those things really don't cross your mind, how long you're going to play and all that. There's definitely guys older than me still playing, so that usually doesn't come across my mind." This article first appeared on 49ers Webzone and was syndicated with permission.Record Profits and Expansion! Foxconn’s Global Manufacturing Boom
December 27, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlightedthe following attributes while ensuring the content's credibility: fact-checked peer-reviewed publication trusted source proofread by Kyushu University Researchers from Kyushu University have developed an innovative technique to non-invasively measure two key signals, membrane voltage and intracellular calcium levels, at the same time, in neurons of awake animals. This new method offers a more complete understanding of how neurons function, revealing that these two signals encode different information for sensory stimuli. The research was published in Communications Biology on September 16, 2024. Neurons are cells that act as the brain's fundamental building blocks, transmitting information through electrical signals . When a neuron receives a stimulus, changes in membrane voltage (the electrical charge across the neuron cell membrane) trigger the neuron to activate, causing rapid changes in membrane voltage to propagate along the neuron as an electrical signal. These changes in membrane voltage then lead to changes in intracellular calcium (calcium levels inside neurons). Historically, measuring membrane voltage has involved invasive techniques using electrodes. As a non-invasive alternative, scientists have developed techniques to measure calcium activity using fluorescent proteins that are sensitive to calcium ions as sensors, providing an indirect proxy for neuron activity. However, these different methods mean that the two signals have almost always been studied separately, making it challenging to understand how they interact in real-time and to identify their distinct functions in living animals. Now, new advancements in the development of fluorescent proteins that respond to changes in membrane voltage mean that both calcium-ion sensors and membrane voltage sensors can be used simultaneously. "Simultaneous measurement of intracellular calcium ions and membrane voltage can help us to understand how neurons encode information for sensory processing in neuronal circuits," says senior author Professor Takeshi Ishihara from Kyushu University's Faculty of Science. In collaboration with the Faculty of Computer Science and Systems Engineering at Kyushu Institute of Technology, Ishihara and his colleagues developed a method to simultaneously measure intracellular calcium and membrane voltage in neurons of living animals. By capturing images under the microscope at a high speed of 250 frames per second and using cutting-edge image processing, the researchers were able to detect small and rapid fluctuations in the fluorescent intensity of the calcium ion sensors and membrane voltage sensors. Using this newly developed technique, the scientists focused on how olfactory neurons in Caenorhabditis elegans—tiny nematodes commonly used as a model organism in neuroscience research—respond to odorants. The researchers found that when exposed to odors, these neurons altered their membrane voltage and intracellular calcium levels. Importantly, the research team revealed for the first time that these signals encode separate information. While the membrane voltage indicated the presence of an odor, intracellular calcium levels reflected the odor's concentration. By simultaneously measuring both signals, the researchers were able to better understand how the brain processes and distinguishes sensory inputs. Additionally, the authors identified two ion channels that are essential for the change of membrane voltages triggered by sensory stimulation. The team also found that a protein called ODR-3, which is involved in signal transmission in neurons, plays an important role in stabilizing membrane voltage. This prevents neurons from improperly firing in response to irrelevant stimuli, and regulates the timing and magnitude of responses to odors. In the future, simultaneous measurements of membrane voltage and intracellular calcium could also be obtained in the neurons of more complex animals, or in other types of neurons, potentially revealing insights about information coding in neuron circuits. Sharing his concluding thoughts, Ishihara says, "These high-speed simultaneous measurements reveal the different functions of the membrane voltage and intracellular calcium ion signals induced by the sensory stimuli . These findings could lead to a better understanding of sensory processing in the central nervous system, not only in simple model systems like nematodes, but in higher organisms too." More information: Terumasa Tokunaga et al, Mechanism of sensory perception unveiled by simultaneous measurement of membrane voltage and intracellular calcium, Communications Biology (2024). DOI: 10.1038/s42003-024-06778-2 Journal information: Communications Biology Provided by Kyushu UniversitySpecial teams bungles dominate NFL, with Commanders and Cowboys leading the wayWarner Music Group ( WMG -7.40% ) Q4 2024 Earnings Call Nov 21, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to Warner Music Group's fourth quarter earnings call for the period ended September 30th, 2024. At the request of Warner Music Group, today's call is being recorded for replay purposes. And if you object, you may disconnect at any time. Now I would like to turn today's call over to your host, Mr. Kareem Chin, head of investor relations. You may begin. Kareem Chin -- Head of Investor Relations Good morning, everyone, and welcome to Warner Music Group's fiscal fourth quarter and full-year earnings conference call. Please note that our earnings press release, earnings snapshot, and Form 10-K are available on our website. On today's call, we have our CEO, Robert Kyncl; and our CFO, Bryan Castellani, who will take you through our results, and then we will answer your questions. Before our prepared remarks, I'd like to refer you to the second slide of the earnings snapshot to remind you that this communication includes forward-looking statements that reflect the current views of Warner Music Group about future events and financial performance. We plan to present certain non-GAAP results during this conference call and in our earnings snapshot slides and have provided schedules reconciling these results to our GAAP results in our earnings press release. All of these materials are posted on our website. Also, please note that all revenue figures and comparisons discussed today will be presented in constant currency, unless otherwise noted. References to normalized revenue and adjusted OIBDA are adjusted for items that impact comparability. The details of these can be found in our filings. All forward-looking statements are made as of today, and we disclaim any duty to update such statements. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs, and projections will result or be achieved. Investors should not rely on forward-looking statements because they're subject to a variety of risks, uncertainties, and other factors that can cause actual results that differ materially from our expectations. Information concerning factors that can cause actual results to differ materially from those in the forward-looking statements is contained in our filings with the SEC. And with that, I'll turn it over to Robert. Robert Kyncl -- Chief Executive Officer Thanks, Kareem. And good morning, everyone, and thank you for joining us. I'm pleased with our progress, both this quarter and this year, as we've demonstrated our strength and adaptability in a highly competitive market. Today, I'll provide more context on how we're positioning the company to sustain growth and to deliver even greater value to our artists, songwriters, and shareholders. First, let me give you a quick summary of our Q4 results. These are normalized or all previously disclosed nonrecurring items. We delivered an 11% jump in recorded music subscription streaming revenue, driven by strong releases and assisted by global subscriber growth and price increases. This was our fourth consecutive quarter of double-digit growth. Total revenue was up 6% with recorded music up 6% and music publishing up 5%, and adjusted OIBDA grew 14% with margin increasing 150 basis points. Our robust Q4 results contributed to full-year revenue and adjusted OIBDA growth of 7% and 11%, respectively. The year was highlighted by recorded music subscription streaming growth of 12%. Our strategy is designed to enhance our ability to attract original artists and songwriters at every stage of their development. We help them realize their musical visions, cut through the noise, build sustainable careers, and grow passionate and loyal fan bases. This year, we reimagined our organization based on the principle that simplicity and focus drive higher intensity and impact. We've done a lot of important work, which has set us up for success today and will help us grow more profitably in the future. We strengthened our presence in the U.S., the world's largest music market. We've shifted to a simpler and flatter organization structure to create faster and more direct channels on local talent to reach the global stage, and we've reorganized key business lines, such as catalog and distribution, in order to deliver greater global reach. We continue to find ways to strengthen the coordination across our recorded music and music publishing divisions, and we fixed a lot of foundational infrastructure issues that will now enable our technology team to be more offensively focused. I'd like to dive a little deeper into these changes and tell you about some of the further steps we've taken this quarter. In the U.S., we have two flagship record label groups, Atlantic and Warner Records, important twin engines for growth. As part of our structural changes, we elevated Elliot Grainge to lead Atlantic. While this kind of transition is never easy, this was a seamlessly executed handover. The team has delivered first-class results for priority projects while bringing in fresh ideas, onboarding dynamic executives, and attracting exciting new artists. With a digitally native approach, the Atlantic team will expand and diversify our artist roster and increase the volume of releases. While all of this is going on, the label has kicked off our new fiscal year with a bang. APT, the collaboration between Korean superstar Rose, who we signed just a few months ago, and Bruno Mars immediately shot to No. 1 on Spotify and Billboard global charts. With this absolutely massive hit, Rose is the first female K-Pop solo artist to break into top 10 on Billboard Top 100. Bruno Mars is the biggest artist in the world. He has the largest reach of anyone with 130 million monthly listeners on Spotify. This week, he holds two top positions on the Billboard Global 200 chart with APT and Die with a Smile, his Grammy-nominated collaboration with Lady Gaga. Other Atlantic successes include Coldplay, landing their first No. 1 album in a decade in the U.S.; new albums from Don Toliver and The Marias, both of which continue to build strongly months after their release; and the impactful remix of Charli XCX's Brat album and her seven Grammy nominations, including Album of the Year and Record of the Year. At the same time, the Atlantic team is bringing through the next generation of talent. Artemas reached 1 billion streams with his smash hit, I Like the Way You Kiss Me. Forrest Frank and Jordan Adetunji received their first Grammy nominations. Jazz artist, Sachal; and singer-songwriter, Sam Barber; and rapper Hunxho are taking off. And competitive new signings include BashfortheWorld and 1900Rugrat. Elliott and his team have an impressive ability to discover an extraordinary talent across multiple genres and find fresh ways to help both established and emerging artists stand out from the crowd. At Warner Records, the team's commitment to artist development is driving hits and training superstars. Under the leadership of Aaron Bay-Schuck and Tom Corson, the label's market share hit a new peak this year, reaching the No. 3 position in the U.S. for current releases. They're hoping the likes of Teddy Swims, Benson Boone, NLE Choppa, and Zach Bryan have worldwide smashes with real staying power. For example, Teddy's No. 1 single, Lose Control, has spent an impressive 44 weeks in the top 10 of the Billboard Hot 100. NLE Choppa's career streams crossed the 9 billion mark at the ripe, old age of 22. And it's great to see that label mates Teddy and Benson are up for Best New Artist at the Grammys. At the same time, Warner Records has been integral to the successful resurgence of icons like Green Day; Cher; and Linkin Park, who have triumphantly returned with their first album in seven years, the first since the tragic death of lead singer, Chester Bennington. The band's new album, From Zero, has the most pre-phase in WMG history, while the band embarked on a massive global tour. As I said many times, the power of new releases drives engagement around artist catalog and vice versa. We create a virtual cycle of consumption that fuels an uplift across the artist's entire value of work. For example, when Linkin Park's new single, The Emptiness Machine, dropped in September and the band's new album was announced, their streams jumped by half a billion compared to the same quarter last year. I cannot stress enough how exhilarating it is to watch the creative success that both Warner Records and Atlantic are having. Through our shift to a flatter organizational structure, we've elevated our regional leadership across Latin America, EMEA, and APAC. This has created faster, more direct channels for local talent to access the global stage. This quarter, we continue to take steps that expand our presence in both mature and high-growth markets. In Japan, the second-largest music market, we appointed a new leadership duo, CEO Takeshi Okada and Chairman Kenji Kitatani. In Korea, we launched MPLIFY, a new label focused on English language music. In Benelux, we bought a leading indie label, Cloud 9 Recordings. In Africa, we completed our acquisition of Africori, the region's leading distribution company. And Warner Music Latina joined forces with indie label Street Mob Records, an incubator of new Mexican talent. Our focus on bringing a wide array of local talent to stardom is paying off. We have vibrant music from homegrown heroes topping charts in many territories. We've had No. 1 singles and albums by the likes of Soprano in France, Speed in Australia, Ayliva in Germany, Bien in Kenya, [Inaudible] in Italy, Wu'u in Vietnam, and King in India. We've also helped our global superstars reach new heights around the world. For example, Dua Lipa became the first female artist to have two albums exceed 13 billion streams each on Spotify. Before we move on, I'd like to spotlight a territory we believe has huge global potential. With a population of 1.4 billion, India is more like a continent than a country. It has the fifth-largest GDP, but it's still only the 14th-largest music market in the world. That gap will continue to close in the coming years. And as it does, India will become an increasingly influential global force in the music business. The company has already seen a significant increase in paid subscribers, which have increased by almost 40% since last year, but it still has less than 2% penetration. A few weeks ago, I visited our offices in India and met with our team, artists, and partners, and it was very inspiring. Since launching there in 2020, we've partnered with the most important local players, as well as buying stakes in and acquiring outright local music companies, such as E-Positive, Divo, and Global Music Junction. Earlier this month, we made our latest move, buying a stake in SkillBox, a leading ticketing and live events platform. We're helping Indian stars like Diljit Dosanjh and King reach new audiences while building loyal Indian fan bases for global talent, such as Coldplay and Dua Lipa, who are both touring there in the coming months. As a result, we've seen an impressive revenue growth by over 100% in fiscal 2024. And most importantly, everything we're doing means we're well-positioned to keep taking market share as India continues its explosive growth. In our catalog and distribution divisions, we've made changes that better align our expertise and resources with the growing global opportunities for artists. Where previously, we were operating on a country-by-country basis, now we've globalized our operations. Our dedicated, centrally managed global teams enable us to share learnings, leverage best practices, and deploy technology to find efficient ways of having greater, worldwide impacts. Turning to music publishing. The business continues to deliver impressive results. The 14% growth in total revenue on a normalized basis for the full year represents our fourth consecutive year of double-digit revenue growth. This was led by 19% streaming growth on a normalized basis. We're contributing to global hits, strengthening our services, and monetizing deeper into our catalog. Here are a few recent high points. Three of the five Grammy nominees for Songwriter of the Year are Warner Chappell writers: Amy Allen, RAYE, and Jessi Alexander. Warner Chappell is No. 2 for a second consecutive quarter on Billboard's top Country Airplay rankings and rising to No. 2 on the Hot 100 Songs chart with 25% market share, and Warner Chappell is No. 1 on the German half-year chart with its writers spending 18 of 26 weeks at No. 1 on the singles chart. Despite all this success, we aren't resting on our laurels, and we've continued to invest into our future growth by forging new partnerships with Analog Metaverse, the company founded by Grammy award-winning producer Salaam Remi; launching a venture with the widely respected British label, Defected Records; and appointing new leadership in high-growth territories, such as Lisa Li in China and Sophia Hong in Korea. We're very optimistic about the future at Warner Music Group. We have the right team and strategy to deliver long-term profitable growth in a dynamic and thriving industry. We continue to build strong, mutually beneficial relationships with our partners to grow the value of music. With penetration in mature markets expected to increase from approximately 35% today to nearly 50% by 2030 and emerging markets going from single to low double digits over the same time frame, music subscriber growth should remain healthy for the years to come. For reference, in the U.S., cable TV penetration is a little over 50%, and the swap penetration is approaching 50%, highlighting that even in a mature market, music penetration is very low and has plenty of runway ahead. With both subscriber growth and opportunities for wholesale price increases, the formula for streaming growth is strong, and there is plenty of room for acceleration. Our focus on efficiency has freed up capital, enabling us to increase our investments in growth opportunities. As we previously promised, we've increased our A&R investment by approximately 11% in fiscal 2024 as we continue to sign new artists and songwriters and acquire IP and catalogs, all while driving our digital transformation. As part of our investment strategy, we will consider bolt-on acquisitions that accelerate our progress while meeting our return thresholds. In addition to these investment opportunities, I wanted to note that our board has authorized a share repurchase program of up to $100 million. The program demonstrates our confidence in the value of our company and our optimism for the path ahead. Our confidence is underpinned by the strong momentum we're carrying into 2025 with an exciting release slate that includes projects from Rose, Dua Lipa, Teddy Swims, Jack Harlow, Benson Boone, Myke Towers, David Guetta, Burna Boy, FKA twigs, and more. We're excited by the opportunities ahead and look forward to delivering more culture-shaping music in 2025 and beyond. And now over to you, Bryan. Bryan Castellani -- Chief Financial Officer Thank you, Robert, and good morning, everyone. Before I get into our results, I want to remind everyone that growth rate comparisons will be in constant currency. And where appropriate, I will reference normalized growth metrics. There are items throughout the quarter and the year that affect comparability. The details and adjustments relating to these items can be found in our earnings press release. In Q4, total revenue grew 3%, and adjusted OIBDA increased 11% with a margin of 21.7%, an increase of 170 basis points over the prior-year quarter. On a normalized basis, total revenue grew 6%, adjusted OIBDA increased 14%, and margin increased 150 basis points. Recorded music revenue increased 4% and grew 6% on a normalized basis, led by subscription streaming, which grew 11%, our fourth consecutive quarter of double-digit growth. Ad-supported streaming declined by 6% as we lapped last year's TikTok renewal and filed the revenue impact of Meta's exit from premium music videos. Digital revenue increased 5%, driven by strong releases in the U.S. and Japan, while artist services and expanded rights revenue increased 3%, primarily due to higher concert promotion revenue in Japan. Licensing revenue increased 33%, driven by increased revenue from copyright infringement settlements, primarily in the U.S. and growth in broadcast use. Recorded music adjusted OIBDA increased 13% with a margin of 23.7%, an increase of 200 basis points. On a normalized basis, adjusted OIBDA increased 14%, and margin increased 160 basis points. Our music publishing results reflect the $17 million benefit from the CRB rate increase in the prior-year quarter. Adjusted for that benefit, music publishing total revenue increased 5%, while digital increased 6%, and streaming increased 5%. These growth rates compare against the prior-year quarter which saw robust streaming growth of 17% and reflect continued market and catalog growth, as well as timing of payments. Link revenue increased 15%, reflecting an increase in copyright infringement settlements, primarily in the U.S., while performance revenue decreased 2%. Mechanical revenue decreased 12% due to lower physical sales and timing of distributions. Music publishing adjusted OIBDA grew 11% with a margin of 28.1%, an increase of 290 basis points. On a normalized basis, adjusted OIBDA increased 17%, and margin increased 280 basis points. For the full year, total company revenue grew 7%, and adjusted OIBDA grew 16% with a margin of 22.3%, an increase of 180 basis points. On a normalized basis, total revenue grew 7%, and adjusted OIBDA grew 11% with a margin of 21.4%. Adjusted OIBDA margin increased 70 basis points as strong operating performance and savings from our restructuring programs were partially offset by increased investment in A&R, as well as revenue mix. Recorded music revenue increased 6%, and adjusted OIBDA grew 17% with margin expansion of 240 basis points. On a normalized basis, recorded music revenue increased 6% with adjusted OIBDA growth of 11% and margin expansion of 110 basis points. These results reflect streaming revenue growth of 10%, led by strength in subscription streaming, which grew 12%. Music publishing revenue and adjusted OIBDA both increased 11%. On a normalized basis, music publishing revenue increased 14%, and adjusted OIBDA increased 13%. Q4 operating cash flow decreased 10% to $304 million from $338 million in the prior-year quarter. The decrease was primarily driven by timing of working capital items, partially offset by the timing of severance payments. Free cash flow decreased 10% to $271 million from $300 million in the prior-year quarter. For the full year, operating cash flow increased 10% to $754 million, and free cash flow increased 14% to $638 million. Operating cash flow conversion was 53% of adjusted OIBDA for the full year, in line with our target of 50% to 60%, despite increased investment in A&R and shifts in deal timing. As of September 30th, we had a cash balance of $694 million, total debt of $4 billion, and net debt of $3.3 billion. Our weighted average cost of debt was 4.3%, and our nearest maturity date remains 2028. We continue to actively manage and improve our capital structure, most recently repricing our term loan in September which has led to continued improvements in our debt ratings with both S&P and Fitch assigning us investment-grade ratings in August and September, respectively. I'd like to reiterate that as a result of actions taken in Q4 to reorganize our recorded music business, we now expect our restructuring plan to generate pre-tax cost savings of $260 million, and we continue to expect a significant majority of these savings to be achieved by the end of fiscal 2025. Looking ahead, our strong Q4 momentum in 2024 is carrying into 2025. Subscription streaming continues to see healthy underlying trends, and we expect high single-digit growth for fiscal 2025 and on a multiyear basis. Additionally, our goal remains to deliver margin expansion of 100 basis points and operating cash flow conversion of 50% to 60% of adjusted OIBDA on a multiyear basis. As a reminder, there are a number of previously disclosed items that will impact comparability in Q1. Streaming growth will be impacted by a BMG digital distribution roll-off, a digital license renewal in the prior year, and a lapping of Spotify pricing increases. Our digital distribution relationship with BMG that was planned to roll off by the end of fiscal '24 will now continue into fiscal '25. The revenue impact in Q1 is approximately $16 million versus the prior-year quarter, and the digital license renewal with one of our international partners was $27 million in the prior year quarter. Our physical distribution relationship with BMG has largely rolled off. We expect there to be an unfavorable revenue impact of $15 million to $20 million in Q1. Licensing revenue will reflect the $68 million catalog licensing agreement extension we disclosed in Q1 '24. Finally, artist services revenue will reflect the exit of our owned and operated media properties which contributed $20 million in the prior-year quarter. The music industry remains healthy, and we continue to see positive subscriber growth and penetration trends, as well as opportunities for wholesale pricing growth. We are excited about the slate this year and look forward to delivering great music. The momentum in the business is strong, and we are positioning ourselves for long-term success. Thank you for joining us today. We'll now open the call for questions. Questions & Answers: Operator Thank you. [Operator instructions] Our first question comes from the line of Kutgun Maral with Evercore ISI. Your line is now open. Kutgun Maral -- Evercore ISI -- Analyst Good morning. Thanks for taking the question. I just had a high-level one on the broader music industry. Looking at the labels specifically, the industry construct remains very attractive. There's healthy competition, for sure, but the big three still drive roughly two-thirds of global recorded music revenue and are must-haves for any platform. And structurally, you continue to see improvements with DSP price increases and the shift to artist-centric royalty models, so a very healthy and encouraging backdrop. On the other hand, I think as investors have looked to the other parts of the ecosystem, a lot of value has instead accrued to the DSPs and even certain live entertainment companies, in part, because of a view that they're at the forefront of capturing a greater share of wallet from consumers in monetizing the growing power of music. I'm not saying that those companies are undeserving of Wall Street's optimism, but it seems like the perceived potential for the labels has lagged despite their crucial role in everything. So I don't know if it's changing the dynamics with the DSPs and ad-supported tiers or a reimagined approach to superfans. But can you share your views on what the biggest opportunities for WMG are over the next few years to better participate in what seems to be a very robust growth profile for the overall music industry? Thanks. Robert Kyncl -- Chief Executive Officer Sure. Thank you. Thanks for the question. So I see this in two different buckets, but number one is the obvious moves. And in those, I'm focused on two big ones, which is reduction of discounts on family plans and more frequent PSM escalators. It's very simple. It comes down to these two levers, and there are very obvious moves for the industry for a company like WMG, and they are not a zero-sum move between us and the DSPs. They can actually be in concert with each other. And then the second bucket is in more innovations, and that's where sort of a superfan tier like the Music Pro that's been discussed a lot or other SKUs, some of which may include ads, etc., just innovation around SKUs and audience segmentation, those are also potential upside for all of us. My focus is in the order that I described, which is obvious moves first, those 2 specifically, and then the innovations. And all of these things would be sort of incremental to the glide path that you guys see for the industry. Kutgun Maral -- Evercore ISI -- Analyst Understood. Thank you. Operator Thank you. Our next question comes from the line of Benjamin Swinburne with Morgan Stanley. Your line is now open. Benjamin Swinburne -- Analyst Thanks. Good morning. I guess I had two questions. Robert, you gave us some helpful context around the management changes. I'm wondering if you could talk a little bit about what is -- what worked and is working so well at 10K, Elliott's label that you guys acquired last year, that is or isn't applicable to the larger business of Atlantic? I'm thinking about things like artist discovery, marketing contracts, anything that you think we should be thinking about as that -- he steps into obviously or has stepped into a much larger, broader, and important role and how this new structure, flatter structure, translates into faster growth for the company which maybe you're already seeing, but I would love to get some more color on all of that. And then you and Bryan both mentioned opportunities in wholesale pricing in your prepared remarks, so I figure I might as well follow up. I think you're in the midst of your Spotify renewal right now, so I thought maybe you could talk a little bit about your optimism to what seems like a pretty substantial change, maybe not, but it seems like a substantial change to the way retail wholesale economics work. Thanks. Robert Kyncl -- Chief Executive Officer Sounds good. Thank you, Ben. All right. So let me start with 10K and Elliott. So when you think about the music industry today, there are obviously lots of different independent music companies, many of whom plan to do many things really, really well. I would say you have to take everything with a great -- grain of salt, but one of those that surely did that was 10K. I know that's a fact from the numbers that both they had prior and the numbers that they have delivered in the first year under the WMG umbrella, which was a phenomenal growth, both on top line and bottom line. The skill set that they bring, and it's not just Elliott, also his team, the skill set that they bring is being very digitally native. Today, a vast majority of our revenue is coming through streaming. Promotion mostly happens online. You must be digitally native if you want to succeed today and in the future in the music industry, and that is important to the DNA of the company, and they have brought that. The other part that they bring is intensity. When you start a company of that size, you start from scratch, bootstrap it. You have to be incredibly intense about everything that you do, and I love that about them. You also create strong points of view on various decisions. And I can tell you that all of these things, they touch developing artists, aspiring artists, as well as stars. Everybody wants to have broad reach, have hits, have loyal fan bases, and obviously then monetize it really well. But if you're somebody who's just starting, you need to build an audience. If you're a superstar, you want to keep the audience. Either way, it comes to that. So this digital-first mindset from 10K has translated really well into the company, and it also goes to their talent development. I named two artists who are Forrest Frank and Jordan who are -- for their first Grammys, and it's amazing to see that. So that's one. At the same time, you have to be really great at working well in a large organization like WMG, which means you have a flexible mindset and work well with others, and Elliott does that incredibly well. So I'm really, really pleased with how things are going. On your wholesale question, I think the way you asked the question was that it's not how normally things work. I actually think that's exactly how things work in wholesale, which is wholesale prices generally go up, and it happens in all industries. It may not happen that way in music in the past, but it is how it works in 99% of industries. So we're just trying to align with the way the world works. Bryan Castellani -- Chief Financial Officer And, Ben, I would chime in just on the overall subscription streaming growth. Again, the backdrop is healthy. We continue to see those catalysts, whether in subscriber growth, pricing optimization, as well as share. And our view is that subscribers, there's been 70 million to 80 million new subs brought into the ecosystem a year of late. We continue to see that being the vast driver. Take that as 70%, if not more, with, as Robert said, the glide path on pricing is, I would say, modest. And to the extent wholesale gains are had, those would provide upside to that. And then, of course, on share, we're pleased on the progress we've made, and we have momentum with '24 releases and overall roster and catalog and that carrying into '25. So again, encouraged there about all the underlying trends which we think have upside to the extent pricing optimizes sooner. Benjamin Swinburne -- Analyst Thank you, guys. Appreciate it. Operator Thank you. Our next question comes from the line of Jason Bazinet with Citi. Your line is now open. Jason Bazinet -- Analyst Your commentary is helpful and bullish, I guess, in terms of subscriber growth and potential trends on wholesale pricing and potentially market share. I just wanted to ask how likely do you think it might be that there's a headwind embedded in those three tailwinds you talked about, just from geographic mix, meaning the sub growth comes from more emerging markets as opposed to developed markets. Is that a risk that you think investors should be focused on? Or do you not really think that that could present itself as a headwind? Thanks. Robert Kyncl -- Chief Executive Officer So I won't answer what you should do. I'll just tell you what I do. And then I think you guys extrapolate from that. I -- so I studied the video industry a lot, right, whether it's MVPDs, right; TV; film; cable; satellite television; or subscription video on demand, SVOD, right, because they're extremely adjacent to what we do. And simply studying the penetration, I kind of -- like take two markets, two extremely opposite markets, right, United States and India. One is the largest market in revenue. The other one is the largest market in users in the world, right, and -- but low ARPU, obviously. United States, penetration is somewhere around 30%, but television is around 50%. SVOD is approaching 50% with lots of different subscription services, obviously, investing and growing. There's a lot more to grow in the United States for music. And by the way, we're a lower-priced product that gives you everything, and it's like extremely fluid and easy. So I view it that way. And then in the -- I almost don't want to call it emerging markets because they're really high-growth markets, but the penetration there is extremely low today. And obviously, ARPU is low, but what we will see over there is we're betting on countries that have forward look – that, a, have higher GDPs now but also have movements in GDPs out in the future because higher GDP will translate into more ad revenue, and it's because that's a function of GDP, and it will translate into better conversion rates in subscriptions. So in India, it's an extremely low number of subscribers today in total. I think it's about 15 million. And on television, there's more than 100 million households in India, so there's a lot of room to grow. And so I kind of look at those two bookends, and that is obviously gradation in between by market, then we just study each of those markets. So this is what's giving us confidence. Jason Bazinet -- Analyst That's super helpful. Thank you. Operator Thank you. Our next question comes from the line of Benjamin Black with Deutsche Bank. Your line is now open. Benjamin Black -- Analyst Great. Thank you for taking my question. Last year, a couple of DSPs moved to an artist-centric model. I'm just curious if you could give us an update on how that impacted your streaming growth. And I guess, relatedly, do you think they're doing enough? What else could they do? And what about the other larger DSPs? Why haven't all adopted an artist-centric model at this point? And then just a follow-up to family plans. You mentioned a large discount embedded in these offerings. I guess similar to Ben's earlier question in your Spotify renewal, is this something that you're addressing? Have you been able to accelerate progress here? Thank you. Robert Kyncl -- Chief Executive Officer Sure. So let me just quickly comment on the second. I can't comment on any of our discussions with our partners. So that would not be fair to anyone, whether you're on the call or to our partners, so I'll decline there. But on the artist-centric model, we're very consistent from day one, even before it started, in saying that it is an important initiative. It's -- we're glad that we have a foot in the door on that, and it's something that we obviously have to continually roll out and not keep it static, but it has to keep on evolving with the growing scale of the industry, right? So I don't view this as a one and done. I view this as one and done, as in foot in the door, and then you start expanding it and -- but doing it together with our partners, obviously, right? So this is a collaborative effort. So I think the -- you will continue to see impact from it. Every single year, that will be increasing, but it's hard to like forward forecast exactly what that is, right, because it's obviously a coordination across multiple different distribution partners at the same time. And it's never easy, but it is exactly what we're working on. It is the right thing for artists and songwriters, and they understand it. They appreciate it. And our partners also think it's a good idea, so it's just finding the right balance for all of us. Benjamin Black -- Analyst Great. Thank you. Operator Thank you. Our next question comes from the line of David Karnovsky with J.P. Morgan. Your line is now open. David Karnovsky -- Analyst Hey, thank you. Just on ad-supported streaming, I want to see if you could speak to trends there. Just shaping out the impact of renewals or items like premium video with Meta, how should we kind of think about this line going forward? And then, Bryan, thanks for the multiyear outlook on margins, just kind of bringing it to '25. I don't know if you could kind of walk through specific drivers or any phasing we could think through the year. Thanks. Bryan Castellani -- Chief Financial Officer Sure. On the ad supported, the underlying traditional, what I shouldn't say is traditional ad supported because, again, it's streaming and digital advertising which is the right sector be in. That continues to see some of the macro trends you've seen across others. We see that kind of your low mid-single digits at the moment. The emerging within ad supported, as we had said earlier, we are lapping our TikTok deal. And also, we have done our Meta renewal which we're pleased with. We were -- that underlying deal continues to grow and expand. As you know, they exited the premium music video licensing. And so generally, the underlying core advertising there is stable and growing. The second part of your question on margin for '25, we continue to be committed to 100 basis points a year over a multiyear period. There's always going to be quarter-to-quarter timing where -- whether the timing of releases and marketing, how -- savings and when they're redeployed. But generally, we continue to see this opportunity as our business shifts more and more digital and streaming and is diversified around the world by artists, genres, and so forth that that continues to be a driver of our margin growth. David Karnovsky -- Analyst Thanks. Operator Thank you. Our next question comes from the line of Devin Brisco with Wolfe Research. Your line is now open. Devin Brisco -- Wolfe Research -- Analyst Superfan tier has been a hot topic this year, and I think everyone is anxiously awaiting what that product launch will look like. Are there any details you can share about the potential features and monetization avenues you'd like to see introduced in that product launch? Is that tier something you expect all the DSPs to have potentially globally, maybe with slightly different variations? And given that these tiers will likely have a variety of features, how should we think about how you'll get paid? Will it be similar to existing tiers today sort of a rev split model based on engagement, where there'll be revenue streams on top of that? Anything you could share on that would be appreciated. Robert Kyncl -- Chief Executive Officer Sure. Can I just clarify quickly? You cut off a little bit in the beginning. Were you asking about Music Pro? Devin Brisco -- Wolfe Research -- Analyst I was asking about -- sorry, I was asking about superfan tiers and what you'd like to see in that product and the opportunity there. Thanks. Robert Kyncl -- Chief Executive Officer Sure. So I'll -- again, it's a little bit tough for me to answer on behalf of the retailer. It is ultimately their platform and their features. Obviously, we have to work together. But I know they declined to answer it specifically, and so I can't do that on their behalf. But the -- in general, if you think about music, it is monetized exactly the same way, whether you're superfan or not, right, on subscription streaming. So it's obviously an undervalued -- it's an underexploited opportunity for all of us. And it's -- if you look at the gaming industry, 80% of revenue comes from 20% of users. There are all these obvious dynamics, but that's more of a transactional model, right, rather than a subscription model. So I think adding features that drive engagement give people higher quality, more interactions, all of that, like learning from the gaming industry is a good place to go. And I really don't want to comment on behalf of our partners about their features, but we're engaged in all the conversations deeply. We're bullish about it. We think it's a great opportunity, both for the retailers -- sorry, for the DSPs, as well as for us. And it's yet another one of those catalysts of increased growth that none of us has figured into our business. Operator Thank you. Our next question comes from the line of James Heaney with Jefferies. Your line is now open. James Heaney -- Analyst Great. Thanks for taking the question. Could you just talk about the drivers of the high single-digit growth in subscription streaming on a multiyear basis? What gives you that conviction? And how much of that is coming from ARPU versus subscription? Thank you. Bryan Castellani -- Chief Financial Officer Yeah. I'll go back to those three catalysts that it is subscribers, price, and share. And on subscribers, as I said, we continue to see rising penetrations around the world. I think you have roughly maybe a third of penetration in developed markets that's projected to go to almost half by the end of the decade in emerging markets where massive populations -- you're in the mid to maybe high single digits going to low to mid-double digits over the next four, five years. So those continue to be a vast majority of what we see as the growth driver over the multiyear period, that subscriber growth. Having said that, there's, I think, modest assumptions in industry projections for pricing. We see opportunity there on catalysts, whether it is from things like audience segmentation and superfans and raising ARPU across DSPs, as well as wholesale pricing optimization, as Robert talked about the -- improving on the family plan and multiuser discounts, as well as the per subscriber minimums and trying to move the industry more progressively on the wholesale side, knowing full well that in many of these bundles, music, as we like to say, is an anchor tenant driving high engagement. And then on share, again, we -- the changes we have made, we think, improve our volume, velocity, diversity of artist development, as well as our continuing to scour the market as we always do for bolt-on acquisitions, whether those are IP, catalog, or can help us on the digital side in terms of quickening our initiatives, so a few things there that give us the optimism over the multiyear period for the high single-digit subscription growth. James Heaney -- Analyst That's helpful. Thank you. Operator Thank you. Our next question comes from the line of Batya Levi with UBS. Your line is now open. Batya Levi -- Analyst Great. thank you. Just following up on the multiyear high single-digit growth in subscription revenue growth. Can we maybe talk a little bit more specifically for '25? Should we expect a slower growth in the first half of the year and maybe improvement in the back half as you lap the price increases? And maybe just cadence on artists' releases, do you expect a more linear year similar to last year? Thank you. Bryan Castellani -- Chief Financial Officer Yeah. Batya, thanks. I think what you'll see is -- certainly, there's always going to be quarter-to-quarter changes there, but we do expect '25 to be comparable on the subscription side, just given the drivers. And yes, we are lapping some of those price increases, so we will see some moderation. But again, we think the overall marketplace and the subscriber growth will continue to lift the subscription growth. Robert Kyncl -- Chief Executive Officer And let me take the answer on the releases. I mean, there's a lot in the hopper from Coldplay, Rose, Linkin Park, Charli XCX, Lil Uzi Vert, C.King, Mary J. Blige, Zach Bryan, David Guetta, Fred Again. I could keep going, so there's a lot that we have in the pipeline. Obviously, things can move around across quarters. But one of my big areas of focus is top of the funnel on our pipeline, whether it's deals on the distribution side or releases, and making sure that there is enough volume in our pipes to allow for movements back and forth between different quarters. And obviously then, that, combined with creative success on the charts, which we have had, it's -- it translates into results. Batya Levi -- Analyst Great. Thank you. Operator Thank you. Our next question comes from the line of Stephen Laszczyk with Goldman Sachs. Your line is now open. Stephen Laszczyk -- Analyst Hey, great. Thank you. Two, if I could. First for Robert, on newer forms of music monetization, maybe social media or short-form video, I'm curious if you see any opportunity for other categories to come into the picture over the next year or two that might be able to move the needle on emerging revenue, streaming revenue growth. And then for Bryan, on free cash flow conversion, just curious if there's any puts or takes worth calling out as we think about operating or free cash flow conversion heading into next year. Thank you. Robert Kyncl -- Chief Executive Officer Yeah. So thanks, Stephen. So one, I'll answer this a little bit more broadly, which is music always -- music is the most widely distributed medium of any kind, more than video, more than text, more than anything.And because of that, it becomes a soundtrack to everyone's lives. And because of that, it deserves -- it always finds a way for next new revenue stream. So your question is 100% spot on. The question is, how often those come and how successful they become. I have two to three new revenue streams sketched out but nothing that I would be prepared to speak about publicly because that would be a little bit premature. But it is exciting to actually see when you look at the engagement of people around the world with music, when you see a lot of different distribution partners that we have, when we have a lot of label partners distributing through us, lots of artists, there are many different opportunities to monetize than we do today. But there's nothing that we can offer in terms of specific just yet. But your question is so spot on because it always does happen in music, and so I'm allocating some portion of my time to developing these things as well. Bryan Castellani -- Chief Financial Officer And on the free cash flow conversion, we continue to see, on a full-year basis, 50% to 60% operating cash flow conversion there. Obviously, there is some seasonality in our year just based on the timing of deals, as well as payments. But otherwise, we see it largely consistent year to year. Stephen Laszczyk -- Analyst Great. Thank you both. Operator Thank you. Our last question comes from the line of Jessica Reif Ehrlich with Bank of America Securities. Your line is now open. Jessica Ehrlich -- Analyst Thank you. I guess one follow-up and one question. On the wholesale pricing, obviously, it's a very important piece of the financials. Are you looking for -- I know you're looking for price increases, but I'm not sure I heard you say anything about structural changes. So if you could comment on that. And then also, you've made a lot of tech investments since you've come to the company, Robert. Can you kind of -- can you talk about like kind of what you've seen from those investments and what -- will we see it in the results and then what's left to go? Robert Kyncl -- Chief Executive Officer Sure. Sounds good. So on the first one, on the wholesale prices. So if you think about it, all of the conversations in the past have translated -- have really been done through retail pricing. So you have wholesalers like us talking about retail pricing, and I just don't think that's right. We're wholesalers. Therefore, we should talk about wholesale prices. Whatever happens with retail prices is not what we control, and therefore, that is not how we should think about the business. So I'm very much focused on the things that we control. And we learn from other industries, how they work. So if you look at the television industry, Jessica, you're obviously extremely familiar with how retail pricing works, and it's obviously similar in many other different industries. So that's why you see us talk about wholesale -- talking about wholesale rather than retail. And on the technology investments, the -- over the last 12 to 18 months, we focused on fixing a lot of legacy infrastructure issues that we had in the company, and we've stabilized and upgraded a lot of our core systems which were burdened by a significant amount of technology there. So we focused a lot on things like royalty processing systems for publishing or royalty statements for clients, sync license and systems that allow us to drive more revenue, and look into the black boxes and obviously our digital supply and infrastructure. So there's a lot of foundational investments that we made. And now, as I said in my opening remarks, now the team is able to start focusing much more offensively on driving growth and efficiencies. Operator Thank you. I would now like to turn the call back over to Robert Kyncl for closing remarks. Robert Kyncl -- Chief Executive Officer All right. So thank you, everyone. Thanks for your engagement, all of your questions, which were great. We are -- I said one thing in my opening remarks that it's really exhilarating to see the creative engines of Warner Records and Atlantic coming at the same time. We are up 10 percentage points in market share and top 200 on global Spotify chart since the time that I started at the company, and it's just great to see this continual improvement in relevance, creating hits, creating stars, and having two large engine -- twin engines of growth in the biggest market in the world coming. That doesn't mean that we're resting on our laurels. We continue to invest, and we continue to look inward, look at further efficiencies so that we can keep on delivering on what we said, which is our margin improvement, and at the same time, increasing our growth into the future. So thank you so much for your support, for your attention, and look forward to talking to you in the future. Operator [Operator signoff] Duration: 0 minutes Call participants: Kareem Chin -- Head of Investor Relations Robert Kyncl -- Chief Executive Officer Bryan Castellani -- Chief Financial Officer Kutgun Maral -- Evercore ISI -- Analyst Benjamin Swinburne -- Analyst Ben Swinburne -- Analyst Jason Bazinet -- Analyst Benjamin Black -- Analyst David Karnovsky -- Analyst Devin Brisco -- Wolfe Research -- Analyst James Heaney -- Analyst Batya Levi -- Analyst Stephen Laszczyk -- Analyst Jessica Ehrlich -- Analyst More WMG analysis All earnings call transcripts
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Outgoing Los Angeles City Councilmember Paul Krekorian will serve as executive director of the Office of Major Events as part of preparations for sporting events coming to the LA region in the coming years, officials announced Thursday. According to Mayor Karen Bass’ office, the councilman will take on this role on Monday after Krekorian formally steps down from his role as the representative of the Second Council District due to term limits. Councilmember-elect Adrian Nazarian, a former aide to Krekorian and state Assembly member, will serve as the district representative, spanning east San Fernando Valley neighborhoods such as North Hollywood, Sun Valley, Toluca Lake and Valley Glen, among others. In his new position, Krekorian will coordinate city departments and external stakeholders for the upcoming 2028 Olympic and Paralympic Games , eight games of the 2026 World Cup , and a Super Bowl in 2027 , among other events. “President Krekorian is uniquely positioned to do just that — drawing on his decades of experience handling local and statewide budgets and firsthand institutional knowledge of city government as well as the Olympic bid process,” Bass said in a statement. “Today marks a new phase of urgent preparations for Los Angeles.” The 64-year-old politician served as a state Assembly member from 2006 to 2010. Krekorian joined the City Council in 2010. “As I conclude my service on the City Council, I know how much more work needs to be done ahead of the 2028 Games,” Krekorian said in a statement. Krekorian described it would be an honor to serve as the executive director for this office. He added, “I look forward to hitting the ground running and partnering with Mayor Bass, the City Council, our city departments and LA28 to deliver the 2028 Games in a way that benefits everyone.” As executive director of the Office of Major Events, he will also ensure that sporting events create positive economic impacts for local businesses, and that city policies are being implemented. LA28 CEO Reynold Hoover hailed Bass’ appointment. He described Krekorian as a “longtime advocate of the Olympic and Paralympic movement.” “His (Krekorian’s) dedication and leadership will undoubtedly continue to drive excellence in his new role ... in this next chapter of our journey to deliver an incredible Olympic Games in 2028,” Hoover said in a statement.Mozambique's president-elect calls for 'non-violence
Spirit Airlines CEO Edward Christie sells $714 in stockYou can forget about checking that numbered triangular code as you gather plastic bottles, jugs and containers for recycling in North Platte. The city now is accepting all seven types of plastics at its seven dropoff sites across town, City Administrator Layne Groseth said Thursday. It’s one of the first fruits of the City Council’s Oct. 1 vote to send recyclable plastics, tin cans and paper products to Western Resources Group of Ogallala. The city had used ABC Recycling of North Platte exclusively since 2020. The dropoff sites continue to accept cardboard, tin and aluminum cans, newspapers and magazines and other paper products as well as plastics. ABC’s plastic markets accepted only sorted No. 1 and No. 2 plastics, Groseth said, forcing residents to throw other types of plastics into the regular trash. WRG handles all plastic types and doesn’t care if different types are mingled, he added. North Platte’s new blue dropoff bins, decorated with colorful photos of local attractions, haven’t yet been updated to indicate that all seven types of plastics now can be left there, Groseth said. “We’ll work with Keep North Platte and Lincoln County Beautiful in the next few months to do more public education on that,” he said. The city hopes to soon begin accepting recyclable glass, because WRC also has a marketer for those products, he said. Since the October switchover, the city’s Public Service Department has been taking cardboard from the dropoff sites to be mulched with wood, brush and other yard waste at North Platte’s transfer station near Lake Maloney. City workers are taking aluminum cans deposited at the dropoff sites to Alter Recycling of North Platte, Groseth said. The tin cans go to WRG in Ogallala with the plastics and paper. Since the ABC Recycling contract expired, he said, recyclables from the dropoff sites are being collected at one of the Public Service Department’s white-roofed, Quonset-shaped buildings. An application for a federal grant of just over $1 million, endorsed by the council Tuesday, aims to fund a permanent city sorting and transfer building. Groseth said the desired Solid Waste Infrastructure for Recycling grant would pay for that structure, a new recycling truck and forklift, two rolloff recycling bins and five rolloff cardboard bins. That would let the city add a couple more recycling dropoff sites, he said. The Bipartisan Infrastructure Law passed by Congress in 2022 sets aside $275 million nationally to better equip local recycling programs. City Hall hopes to learn by the end of July if it gets the $1 million-plus grant, Groseth said. A new sorting and transfer building likely would rise on the city’s sand and gravel lot across East 12th Street (U.S. Highway 30) from Garden Glove and The Coffee Bin. Stay up-to-date on the latest in local and national government and political topics with our newsletter. Special projects reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.
MISSOULA, Mont. (AP) — Marcus Adams Jr.'s 25 points helped CSU Northridge defeat Utah Tech 89-79 on Sunday night at the Stew Morrill Classic. Adams added five rebounds for the Matadors (4-1). Keonte Jones added 23 points while shooting 8 of 15 from the field and 5 for 10 from the line while they also had nine rebounds and three blocks. Scotty Washington had 19 points and went 7 of 14 from the field (3 for 6 from 3-point range). The Trailblazers (1-5) were led by Hakim Byrd, who posted 23 points. Utah Tech also got 15 points from Noa Gonsalves. Samuel Ariyibi finished with 14 points and three blocks. The Matadors play Denver and Utah Tech takes on Montana when the event wraps up on Monday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .FG FT Reb IOWA (6-0) Min M-A M-A O-T A PF PTS Stuelke 26 5-14 1-4 2-6 0 0 11 O'Grady 25 7-13 0-2 3-7 2 2 14 Affolter 25 4-6 0-0 2-8 2 0 8 Feuerbach 21 0-4 0-0 0-2 3 1 0 Olsen 30 7-15 2-4 1-8 5 1 17 Ediger 5 1-1 0-1 0-2 0 1 2 Gyamfi 5 1-1 0-0 0-0 0 0 3 Heiden 7 2-3 0-0 0-1 0 1 4 Guyton 2 0-0 2-2 0-0 0 0 2 Levin 5 0-1 0-0 1-1 0 2 0 Mallegni 13 0-5 6-6 1-3 1 1 6 McCabe 16 0-3 0-0 1-6 2 0 0 Stremlow 20 2-3 1-2 4-6 2 2 5 Team 0 0-0 0-0 3-3 0 0 0 Totals 200 29-69 12-21 18-53 17 11 72 Percentages: FG 42.029, FT .571.
BERKELEY, Calif., Nov. 24, 2024 (GLOBE NEWSWIRE) -- Algorized , an AI-powered platform pioneering advanced people-sensing and positioning software platform, today announced that it has been named to Fast Company ’s fourth annual Next Big Things in Tech list, honoring emerging technology that has a profound impact for industries—from education and sustainability to robotics and artificial intelligence. This year, 138 technologies developed by established companies, startups, or research teams are featured for their potential to revolutionize the lives of consumers, businesses, and society overall. While not all technologies are available in the market yet, each is reaching key milestones to have a proven impact in the next five years. This is Algorized’s second nomination, following last year’s recognition in the Fast Company ’s World Changing Ideas awards. “It’s an honor to have Algorized’s innovations recognized by Fast Company ,” said Natalya Lopareva, CEO of Algorized. “This recognition is a testament to the hard work and dedication of our entire team. We are developing an AI platform, built on sensor fusion and multi-sensor modalities, that can be seamlessly integrated with existing ultra-wideband (UWB) wireless sensor infrastructure. We’re excited to see our technology making such a profound impact on safety, efficiency, and human-machine interaction, ultimately benefiting society as a whole.” “The Next Big Things in Tech provides a fascinating glimpse at near- and long-term technological breakthroughs across a variety of sectors,” says Brendan Vaughan, editor-in-chief of Fast Company . “Spanning everything from semiconductors to agricultural gene editing, the companies featured in this year’s list are tackling some of the world’s most pressing and vexing problems.” CEO Natalya Lopareva led the evolution of the company from research at the University of Zurich (ZHAW), where a team spent months analyzing buildings, environments, and how children and adults breathe and move. The company has now formed strategic partnerships with chip manufacturers and conducted pilot programs in the automotive and industrial automation sectors. Click here to see the final list. About Fast Company Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Brendan Vaughan. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication, Inc., and can be found online at fastcompany.com . About Algorized Founded on extensive academic research, Algorized enables groundbreaking sensing and positioning applications through a software-only upgrade to existing commodity sensors. The platform leverages proprietary machine learning algorithms to access a wealth of data, facilitating real-time positioning and vital sign detection in any environment. The company is pioneering innovative solutions for sectors ranging from automotive to human-machine interaction in robotics and beyond. Visit Algorized for more information. Contact: Megan Liu megan.liu@algorized.com
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