In this third part of a four-part series, Edison Research President Larry Rosin analyzes the reasons why radio simulcasts do not compete effectively with other streaming choices. Continue Reading
We reported on Monday that Grooveshark was facing potentially immense financial damages judgment in its drawn-out copyright infringement trial with record labels. That particular threat appears to be neutralized in a settlement which includes the final closure of Grooveshark.com, the service, and a handover of all company assets. Continue Reading
Rumor (and more rumor) has turned to apparent fact, as CNBC is reporting that Spotify has raised a new funding round of at least $350-million, led by Goldman Sachs. The funding round closed on a “first close” basis, so new investors may yet join. Continue Reading
After a round of user and venue testing, CrowdTunes announced its launch today. The crowd-controlled streaming service, which is designed for public venues like bars and restaurants, is powered by U.K.-based technology provider 7digital. Continue Reading
This week’s earnings report from iHeartMedia encompassed financial results and strategic updates ranging across the many dimensions of a media conglomerate. Within that scope, Richard Bressler (President, COO, and CFO) landed on topics of particular pertinence to online audio. Continue Reading
Sponsored by AudioBoom
The weekly update of the streaming audio industry, from RAIN News. THIS WEEK: Copyright chief wants radio to pay; Copyright Royalty Board starts a music licensing trial; Sirius XM earnings; Pandora earnings; something new for podcasting. Continue Reading