Global Music Licensing Service
Market Report
2024
Global Music Licensing Service market size is USD 100514.5 million in 2024. The growth of digital streaming is expected to boost the sales to USD 676210.3275 Million by 2031 with a Compound Annual Growth Rate (CAGR) of 31.30 % from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Music Licensing Service market size is USD 100514.5 million in 2024 and will expand at a compound annual growth rate (CAGR) of 31.30 % from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Music Licensing Service Market Sales Revenue 2024 | $ 100514 Million |
Global Music Licensing Service Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31.3% |
North America Music Licensing Service Sales Revenue 2024 | $ 40205.8 Million |
North America Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 29.5% |
United States Music Licensing Service Sales Revenue 2024 | $ 31722.4 Million |
United States Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 29.3% |
Canada Music Licensing Service Sales Revenue 2024 | $ 4824.7 Million |
Canada Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.3% |
Mexico Music Licensing Service Sales Revenue 2024 | $ 3658.73 Million |
Mexico Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30% |
Europe Music Licensing Service Sales Revenue 2024 | $ 30154.3 Million |
Europe Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 29.8% |
United Kingdom Music Licensing Service Sales Revenue 2024 | $ 5065.93 Million |
United Kingdom Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.6% |
France Music Licensing Service Sales Revenue 2024 | $ 2774.2 Million |
France Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 29% |
Germany Music Licensing Service Sales Revenue 2024 | $ 5970.56 Million |
Germany Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30% |
Italy Music Licensing Service Sales Revenue 2024 | $ 2593.27 Million |
Italy Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 29.2% |
Russia Music Licensing Service Sales Revenue 2024 | $ 4673.92 Million |
Russia Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 28.8% |
Spain Music Licensing Service Sales Revenue 2024 | $ 2472.66 Million |
Spain Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 28.9% |
Rest of Europe Music Licensing Service Sales Revenue 2024 | $ 4673.92 Million |
Rest of Europe Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 28.5% |
Asia Pacific Music Licensing Service Sales Revenue 2024 | $ 23118.3 Million |
Asia Pacific Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 33.3% |
China Music Licensing Service Sales Revenue 2024 | $ 10403.2 Million |
China Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 32.8% |
Japan Music Licensing Service Sales Revenue 2024 | $ 3190.33 Million |
Japan Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31.8% |
Korea Music Licensing Service Sales Revenue 2024 | $ 2311.83 Million |
Korea Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 32.4% |
India Music Licensing Service Sales Revenue 2024 | $ 2774.2 Million |
India Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 35.1% |
Australia Music Licensing Service Sales Revenue 2024 | $ 1202.15 Million |
Australia Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 33% |
Rest of APAC Music Licensing Service Sales Revenue 2024 | $ 1641.4 Million |
Rest of APAC Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 33.1% |
South America Music Licensing Service Sales Revenue 2024 | $ 5025.73 Million |
South America Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.7% |
Brazil Music Licensing Service Sales Revenue 2024 | $ 2151.01 Million |
Brazil Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31.3% |
Argentina Music Licensing Service Sales Revenue 2024 | $ 844.32 Million |
Argentina Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31.6% |
Colombia Music Licensing Service Sales Revenue 2024 | $ 447.29 Million |
Colombia Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.5% |
Peru Music Licensing Service Sales Revenue 2024 | $ 412.11 Million |
Peru Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.9% |
Chile Music Licensing Service Sales Revenue 2024 | $ 361.85 Million |
Chile Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31% |
Rest of South America Music Licensing Service Sales Revenue 2024 | $ 809.14 Million |
Rest of South America Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 29.8% |
Middle East and Africa Music Licensing Service Sales Revenue 2024 | $ 2010.29 Million |
Middle East and Africa Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31% |
Turkey Music Licensing Service Sales Revenue 2024 | $ 172.88 Million |
Turkey Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.5% |
Nigeria Music Licensing Service Sales Revenue 2024 | $ 211.08 Million |
Nigeria Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.1% |
Egypt Music Licensing Service Sales Revenue 2024 | $ 211.08 Million |
Egypt Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31.3% |
South Africa Music Licensing Service Sales Revenue 2024 | $ 317.63 Million |
South Africa Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 32% |
GCC Countries Music Licensing Service Sales Revenue 2024 | $ 860.4 Million |
GCC Countries Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31.8% |
Rest of MEA Music Licensing Service Sales Revenue 2024 | $ 237.21 Million |
Rest of MEA Music Licensing Service Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30% |
Market Drivers:
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Market Restrains:
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Market Trends:
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Market Split by type |
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Market Split by application |
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Market Split by organization |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Music Licensing Service industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Music Licensing Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The music licensing carrier market facilitates the felony use of music by corporations, individuals, and digital structures. It encompasses a range of offerings geared toward acquiring permissions, coping with rights, and distributing royalties for copyrighted songs. These services navigate the complex landscape of track rights, which involves more than one stakeholder, including artists, composers, publishers, and report labels. Music licensing services provide access to tremendous catalogs of certified songs, permitting organizations to enhance their products, offerings, and content legally while making sure of proper compensation for rights holders. With the upward thrust of virtual streaming platforms, social media content material introduction, and marketing, the demand for music licensing offerings has grown considerably, making them essential gamers in the track industry surroundings.
As digital streaming structures like Spotify, Apple Music, and YouTube Music continue to soar in popularity, the call for efficient song licensing services has surged. These services play an important role in streamlining the complicated process of licensing tune to make sure the right compensation for rights holders. By presenting comprehensive solutions, they simplify the complexities worried in obtaining the necessary permissions and handling royalties. Through streamlined workflows and widespread databases, music licensing services enable streaming structures to access a significant array of content at the same time as ensuring honest reimbursement for artists and other rights holders. This symbiotic courting facilitates the ongoing growth and sustainability of the virtual streaming ecosystem.
The ascent of online content creation, spanning YouTube motion pictures to social media content material, underscores the want to get entry to to certified song to stay away from copyright infringement. Music licensing services have emerged as crucial sources, offering creators a handy avenue to combine music legally into their content material. These offerings offer a wide catalog of certified songs, empowering creators to enhance their productions while respecting copyright legal guidelines. By simplifying the licensing method and imparting bendy subscription fashions or pay-per-use options, they cater to a wide range of creators, from impartial YouTubers to hooked-up social media influencers. In doing so, tune licensing offerings facilitate creativity while making sure that artists and rights holders acquire due repayment for their work, fostering a vibrant environment of online content creation.
Navigating the song enterprise includes unraveling a complicated net of copyright ownership, encompassing artists, songwriters, and publishers for each music. Music licensing services play a pivotal position in handling this problematic landscape, ensuring proper rights clearance and royalty distribution. They hire state-of-the-art structures to song and control the myriad rights related to every piece of tune, from composition to performance rights. By facilitating negotiations, obtaining permissions, and administering royalties, those offerings streamline the licensing technique for digital platforms and content creators. Their understanding of navigating copyright legal guidelines and enterprise requirements alleviates the weight on rights holders while safeguarding ability prison disputes. Ultimately, song licensing services make contributions to truthful and obvious surroundings where all stakeholders receive due reimbursement for their contributions.
The COVID-19 pandemic notably impacted the music licensing service market, as the tremendous cancellation of occasions and productions led to a decline in demand for certified music. With stay concerts, film shoots, and advertising campaigns put on hold, many companies reduced their spending on track licensing. Additionally, the economic downturn precipitated financial cuts across industries, in addition to affecting the marketplace. However, the pandemic additionally spurred a surge in on-line content material introduction, leading to accelerated demand for certified music for digital platforms and social media. Music licensing services adapted by imparting flexible pricing models and expanding their digital offerings to cater to this growing marketplace. Despite preliminary demanding situations, the industry demonstrated resilience by leveraging era and innovation to navigate the changing panorama.
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The competitive landscape of the Music Licensing Service market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Music Licensing Service companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
Top Companies Market Share in Music Licensing Service Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. growth is fueled by the expanding virtual streaming industry, the upward push of online content advent systems, and the growing demand for licensed songs in various sectors, including advertising, movies, TV, and gaming. The region's sturdy economic system and technological advancements also contribute to the marketplace's growth.
Europe stands out as the fastest-growing region in the Music Licensing Service market due to several compelling reasons. ? Europe is witnessing an extraordinary increase in the track licensing provider market. This growth is fueled by the rising adoption of digital streaming platforms, the proliferation of online content material, and the growing need for licensed music in various industries such as advertising, broadcasting, and gaming. Additionally, regulatory traits and evolving consumer preferences are riding the marketplace's boom trajectory within the vicinity.
The current report Scope analyzes Music Licensing Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Music Licensing Service market size was estimated at USD 100514.5 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 40205.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.5% from 2024 to 2031.
According to Cognitive Market Research, the global Music Licensing Service market size was estimated at USD 100514.5 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 30154.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.8% from 2024 to 2031.
According to Cognitive Market Research, the global Music Licensing Service market size was estimated at USD 100514.5 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 23118.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 33.3% from 2024 to 2031.
According to Cognitive Market Research, the global Music Licensing Service market size was estimated at USD 100514.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 5025.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.7% from 2024 to 2031.
According to Cognitive Market Research, the global Music Licensing Service market size was estimated at USD 100514.5 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2010.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.0% from 2024 to 2031.
Global Music Licensing Service Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Music Licensing Service Industry growth. Music Licensing Service market has been segmented with the help of its type, application organization, and others. Music Licensing Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Royalty Free License stands out as the dominating category. The royalty-loose license phase is experiencing a giant increase inside the track licensing service market. This trend is pushed by the increasing call from content material creators, corporations, and virtual structures searching for cost-effective solutions for incorporating tune into their initiatives without ordinary royalty bills. Royalty-unfastened licenses provide flexibility and affordability, making them an attractive option for a wide range of customers across diverse industries.
Synchronization License emerges as the fastest-growing category in the Music Licensing Service market. The synchronization license section is emerging as a key driver of increase within the music licensing service market. This growth is fueled by way of the increasing demand for music in audiovisual productions, consisting of films, TV indicates, advertisements, and video video games. Synchronization licenses enable the criminal incorporation of the track into those tasks, using the market's expansion as content material creators are searching for decorating their productions with fantastic soundtracks.
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According to Cognitive Market Research, the dominating category is Individuals & Music Groups. The involvement of individuals and track organizations is fueling an increase in the music licensing carrier market. This trend is driven by independent artists, bands, and track manufacturers seeking opportunities to monetize their work through licensing agreements. Additionally, song companies are increasingly turning to licensing offerings to manipulate rights and royalties for their catalogs, expanding the marketplace as they navigate the complexities of the track enterprise.
The fastest-growing category in the Music Licensing Service market is Enterprises & Institutions. Enterprises and establishments are using growth in the song licensing provider market as they recognize the importance of legally sourcing music for numerous functions which include advertising, branding, and inner communications. With growing emphasis on copyright compliance and the need for tremendous content, these entities are turning to license offerings to get the right of entry to a huge range of songs, even as ensuring proper rights clearance and royalty control.
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Organization Segment Analysis
According to Cognitive Market Research, the dominating category is Large Enterprises. Large firms are gambling a significant function within the boom of the song licensing carrier marketplace. With expansive operations and numerous multimedia desires, these organizations require complete solutions for legally accessing and the usage of tune of their initiatives. As they seek to decorate their branding, advertising, and internal communications efforts, massive corporations are more and more turning to licensing services to streamline the method and ensure compliance with copyright guidelines.
The fastest-growing category in the Music Licensing Service market is Small and Medium Enterprises (SMEs). Small and Medium Enterprises (SMEs) are contributing to the boom of the music licensing service market. As SMEs extend their virtual presence and advertising and marketing efforts, they understand the importance of legally sourcing songs for their content material. Seeking price-effective answers and trouble-loose licensing alternatives, SMEs are increasing number of turning to licensing services to get entry to an extensive variety of music for their branding, advertising, and promotional activities.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
type | Royalty Free License, Synchronization License, Public Communication License, Master License, Others |
application | Individuals & Music Groups, Enterprises & Institutions |
organization | Large Enterprises, Small and Medium Enterprises (SMEs) |
Conclusion | |
List of Competitors | MG, Peermusic, Merlin Network, The Royalty Network, UMG, Warner Music, Sony, Emperor Entertainment Group, China Record Corporation, KOMCA, SESAC. |
This chapter will help you gain GLOBAL Market Analysis of Music Licensing Service. Further deep in this chapter, you will be able to review Global Music Licensing Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Music Licensing Service Market Trends North America Music Licensing Service Technological Road Map North America Music Licensing Service Market Drivers North America Music Licensing Service Market Restraints North America Music Licensing Service Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation type Analysis 2019 -2031, will provide market size split by type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by type Analysis 2019 -2031
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Chapter 11 Market Split by application Analysis 2019 -2031
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Chapter 12 Market Split by organization Analysis 2019 -2031
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Chapter 13 Market Split by Conclusion Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Music Licensing Service market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Royalty Free License have a significant impact on Music Licensing Service market? |
What are the key factors affecting the Royalty Free License and Synchronization License of Music Licensing Service Market? |
What is the CAGR/Growth Rate of Individuals & Music Groups during the forecast period? |
By type, which segment accounted for largest share of the global Music Licensing Service Market? |
Which region is expected to dominate the global Music Licensing Service Market within the forecast period? |
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