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Weekly Lists
June 15, 2018 www.intellinews.com I Page 26
bne:TMT
FIFA World Cup in Russia to add 2% to ad market
Dutch healthcare technology company Philips investigated by Turkish competition officials
Global advertising spending on the FIFA 2018 World Cup in Russia will amount to $2.4bn, Vedomosti daily said on June 7 citing the findings of Zenith analytical company. The mondial is expected to generate 3.5bn people TV viewership worldwide.
In Russia, the extra ad spending is expected to amount to $64mn or about 2.1% of the total annual advertising market in 2018.
To compare, in China and the US the spending is expected to amount to $835mn and $400mn, or 1% or 0.2% of the total adver- tising market, respectively. The absence of the US national team keeps the spending in America low.
Philips, the Dutch healthcare technology company, said on June 12 it and its Turkish subsidiary were cooperating with Turkish competition authorities in an investigation.
Company spokesman Steve Klink said the investigation was in connection with a patent licence dispute, but declined further comment as the case was ongoing, Reuters reported.
Turkish competition watchdog officials said the claim against Philips involved the licensing of technology for subtitles and involved a possible violation of competition law.
Philips shares, which are up 15% in the year to date, were down 0.2% at 36.40 euros in Amsterdam on June 12.
Two real estate firms in Montenegro – AMIA and Stratex – have sold three apartments for Bitcoin, daily Vijesti reported on June 11.
These are the first known cases of significant deals where crypto- currency has been accepted as payment in the Adriatic country.
The three apartments on the Adriatic coast were sold for 420 Bitcoins.
Moreover, at the apartment complex where the apartments are locat- ed, people can pay their restaurant bills and for services in Bitcoins.
According to a statement sent to Vijesti, the acquisitions are accepted by the tax authorities as legal, but the taxes on the deals should be paid in euros (which Montenegro has adopted as its currency) to the state authorities.
Two real estate firms in Montenegro sell apartments for Bitcoin