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Daily Archives: August 2, 2015

IKEA: Secret to Global Success

IKEA: Secret to Global Success

Ikea is buying up forests to keep tighter control over the wood it uses to produce its iconic, easy-to-assemble furniture. The Swedish furniture company bought a Romanian forest earlier this month, The Wall Street Journal reports. The wood from the forest will be used to create products for a store …

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EA is Making its Money from Downloadable Content

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Electronic Arts is now making most of its money from game downloads, according to its most recent quarterly earnings. The creator of the popular Sims franchise reported that downloadable game add-ons made up 77% of all revenue during its fiscal first quarter. As the Wall Street Journal notes, that means big …

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Uber Just Beat Facebook’s $50 billion Record

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Uber has closed a new round of funding that values the company at $50 billion, The Wall Street Journal’s Doug MacMillan and Telis Demos report. The ride-hailing company raised “close to” $1 billion in the new round of funding, sources tell The Journal. The Journal reports that investors in the …

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Georgia Offers Tax Incentives for Foreign Filmmakers

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The Georgian government has launched a tax rebate system to encourage foreign filmmakers to film in Georgia. The Film in Georgia initiative is aimed at developing the local film industry and establishing Georgia as an international filming location. It will include a tax refund system, under which filmmakers will receive …

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