Business

There’s no way around it—the music industry faces a serious challenge in maintaining revenues in the digital era. Audiences are consuming music through new channels that are still in the process of being monetized, such as online radio, and piracy remains a steady threat to the bottom lines of music companies across the globe.

The exhibition presents 92 artworks in all media, 63 of which have been acquired by the museum since 2011, representing its deep and continuing commitment to collecting Latino art. “Our America” will be on view from Oct. 25 through March 2, 2014. The exhibition is organized by E. Carmen Ramos, curator of Latino art.

The Partnership at Drugfree.org released new research from the latest Partnership Attitude Tracking Study (PATS), a nationally projectable survey that tracks teen drug and alcohol use and parent attitudes toward substance abuse among teens.

Nearly 18 months ago, AHAA: The Voice of Hispanic Marketing announced a strategic shift to expand beyond Hispanic advertising agencies and advocate for all marketing, communications and media firms with trusted Hispanic expertise. Since then, membership has increased by more than 15 percent and AHAA’s Annual Conference has proven to be its most successful yet, with a prominent list of C-suite leaders and industry experts and record-high attendance. In addition, AHAA continues providing the most compelling research as part of its thought leadership platform that helps define best practices in Hispanic marketing and identify the best opportunities for corporate investment and growth.

The Hispanic market started with marketing-focused agencies that enjoyed their moment of relevance as far as the construction and justification of that market was concerned. But now, to grow in the Hispanic market you may need to add a more creative, appealing layer. By Pablo Carpintero

GroupM revised its biannual worldwide measured advertising spending forecast for 2013 downward to $507 billion reflecting a 3.4 percent growth rate compared to the 4.5 percent rate predicted in December of last year.

Moguldom Media Group announced the launch of Lossip, the Hispanic counterpart to Moguldom’s African American destination, Bossip. The English-language website will cover pop culture and entertainment for the young Hispanic audience, with particular resonance among multicultural females 18-34.

While Hispanics account for 16% of the total U.S. population, this group accounts for 38% of the total number of broadcast-only TV households nationwide that can support a Pay TV subscription – well beyond any previous estimates we have seen. by Richard Taub.

Univision Communications Inc. and Univision host and cookbook author Ingrid Hoffmann have partnered with leading multichannel retailer HSN to debut “Simplemente Delicioso” (Delicious), a captivatingly colorful new line of tabletop and kitchenware.

As part of the company’s globalization and business development, Terra announced the promotion of the current Products Director, Luciane Aquino, as the new Chief Media Officer (CMO) and Rafael Kuhn as the new Chief Technology Officer (CTO).

Even though global ad spending has grown only moderately on a year-over-year basis, 2013 has proven to be a year to spend for select industries—and an off year for others. Industry and services was the fastest growing sector in the first quarter (up 8%), according to Nielsen’s quarterly Global AdView Pulse report. Meanwhile, financial services and automotive advertisers are spending less.