(Business Insider) A few weeks ago, we were walking across East Broadway, in that area south of the Lower East Side, but east of Chinatown, when we noticed something unusual outside of 169 Bar, one of our favorite dive-y hangouts: a line outside. Next door, at the new location Mission Chinese, waits are absolutely bonkers (though worth it, we say – check out our review). Around the corner, you’ll find the perpetually packed and much freaked-out about Dimes, as well as a new outpost of Pies ‘N’ Thighs. In a very concentrated and frankly, pretty out-of-the-way area, stuff is HAPPENING. Speaking of the area, we’re not exactly sure what to call it. East Chinatown? The Lower Lower East Side? Maybe Beanie Town. Everyone walking around here is always wearing a beanie. Suggestions welcome. We’re defining the area as east of Allen, and south of Hester, so maybe…SHeEAl? In addition to restaurants, there’s a thriving gallery scene around here, as well as some cool bars and coffee shops.—Read more at Business Insider
Deadline – The Big Apple took the top spot in 2014 by accounting for $19.7 billion in entertainment and media spending, ahead of Tokyo’s $19.5 billion, according to a report out today from research and consulting firm. NYC likely will remain the industry capital through 2018, with outlays increasing an average of 4.5% a year to $23.6 billion, says the report titled “Cities of Opportunity.” It would be followed by Tokyo (+0.7% a year to $20.1 billion in 2018), London (+3.3% to $18.5 billion), Seoul (+3.5% to $13.5 billion), Hong Kong (+5.6% to $11.2 billion) and Los Angeles (+4.4% to $9.9 billion).
The results could be significant: Entertainment and media (or E&M) will be an increasingly important source of jobs and wealth as the world becomes more urbanized, PwC says. It estimates that by 2018, the 30 top cities will account for $184 billion in E&M spending — up from $147 billion in 2013 — and 6.3 million jobs. Established industry centers will continue to dominate: E&M accounts for more than 10% of the GDP for London, New York, Los Angeles, Berlin, Madrid and Istanbul. But the fastest growth will take place in emerging cities including Beijing, Shanghai, Mumbai and Jakarta.
Read more at Deadline