Entertainment industry

Vinyl records continued to translate their retro appeal into a steady resurgence, outselling compact discs last year in terms of units in the United States for the first time since 1987.

Revenues from the sale of physical records jumped 4 percent in 2022 to $1.7 billion, according to the latest report from the Recording Industry Association of America released on March 9.

Old songs now represent 70 percent of the U.S. music market. Even worse: The new-music market is actually shrinking

U.S. mobile game maker Zynga will acquire Istanbul-based gaming company Peak for $1.8 billion, the company said on June 1, in a deal that would mark the largest purchase of a Turkish startup.

The purchase includes about $900 million in cash and about $900 million in stock.