Quick Hits: Bitcoin at Radical.FM; Germany’s music market; Indian FM radio outlook; music purchasing charts

Brief news items and worthy reads from around the web:

Radical.FM accepts Bitcoin: The pay-what-you-want streaming service Radical.FM announced that it will accept payments in Bitcoin. Hypebot reported that Radical.FM is the largest track library that currently takes the new currency. Grooveshark also accepts Bitcoin for subscriptions.

Update on Germany’s music market: The German Federal Music Industry Association released data about the nation’s music business during the first half of 2014. Music streaming, including both subscription plans and ad-supported platforms, posted 77 percent growth for the period. Streaming was the segment with the highest growth, securing 7.7 percent of the market. [Billboard]

India’s FM radio outlook: A new report found that India’s FM radio industry could be worth $656 million by 2019. “The emergence of internet radio along with growing use of smartphones in the country is also expected to boost radio industry in India, especially in urban cities,” said Karan Chechi, a research director with TechSci Research, which released the report.

Charts detail music purchasing trends: Digital Music News published a series of graphs demonstrating the shifts of music purchasing trends since 1983. It shows waning dominance for CDs in the wake of new digital options, including on-demand streaming and paid subscription services.

 

Anna Washenko

Related Posts

Spotify Q1: 1B Euros; total revenue +20%; 615 monthly users

Spotify’s Q1 earnings report provides clear bragging points for Spotify. Click for details and a financial data graphic.

RAIN Notes: Wednesday, April 24

— Basic Education (Ad Results Media)

— Lots Of Win (The Webbys)

— La Mejor (Triton Digital)

You Missed

Spotify Q1: 1B Euros; total revenue +20%; 615 monthly users

Steve Goldstein: Navigating The Real Risks Of AI-Audio

Steve Goldstein: Navigating The Real Risks Of AI-Audio

Audacy Sports launches today, solving a “clunky” problem and better serving advertisers

Audacy Sports launches today, solving a “clunky” problem and better serving advertisers

RAIN Notes: Wednesday, April 24

RAIN Notes: Wednesday, April 24

Acast annual report: Defending and defining the podcast ad market

Acast annual report: Defending and defining the podcast ad market

Spotify exits the IAB; podcasting particularly affected; a signal of extraordinay self-sufficiency

Spotify exits the IAB; podcasting particularly affected; a signal of extraordinay self-sufficiency
Enjoy great online radio at AccuRadio!