Sirius XM Q4 reports show lower income but spike in revenue

Sirius XM reported its fourth-quarter financial results. Net income for the period totaled $134.63 million, or 3 cents per share, down 5.9% from income of $143.12 million, or 3 cents per share, in the year-ago quarter. Quarterly revenue increased about 10% on-year to $1.20 billion, surpassing analysts’ expectations of $1.19 billion after a third-quarter revenue total of $1.17 billion. Continue Reading

Spotify videos and podcasts arrive, competing with YouTube and iTunes

Last week we reported that Spotify’s long-awaited video content, first announced last May, would finally appear in its mobile apps. Yesterday we were pleased to find a portfolio of video programming, plus audio podcasts, in a freshly updated Android app. Podcast listening in Spotify is a good experience, possibly a game-changer. Continue Reading

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Kurt Hanson: “Bloody Sunday” decimates Internet radio

Internet radio’s landscape looks much different today than it did a week ago, due to numerous webcasters pulling the plug rather than paying the high rates of the Copyright Royalty Board’s (CRB) recent decision for 2016-20 royalties for sound recordings. Kurt Hanson surveys the damage. Continue Reading