PwC Entertainment and Media Outlook, Part 2: United States results

Yesterday we shared the top-down global overview from PwC’s Entertainment and Media Outlook. Today’s we’ll drill down into the report’s data specifically for the United States. The results point toward projected total entertainment and media revenue of $666.13 billion in 2017. Music revenue in the U.S. is projected to hit $18.3 billion in 2017 with a CAGR of 5.596% for the report period. Continue Reading

New player in on-demand personalized audio announces financing

Audioburst announced that it has secured series A funding of $6.7 million for its mission of automating the indexing, organization, and discovery of audio content. The company’s platform promises real-time analysis of an audio clip, which allows fast and easy searching of content. The metadata it applies to each audio clip guides the creation of audio streams personalized to a listener’s preferences and patterns. Continue Reading

PwC Entertainment and Media Outlook, Part 1: Global results

PwC has published its 18th Global Entertainment and Media Outlook 2017-2021. The annual report offers intensive analysis of several entertainment industries around the world. For music, the outlook seems positive for a digital future, with streaming expected to be the top source of global revenue for the sector. If that prediction bears out, 2017 would be the first year when digital revenue will exceed physical sales on a worldwide scale. Today we’ll dive into the global data, and tomorrow will focus on just the U.S. analysis. Continue Reading

Rumor Fact(ory): Verizon reportedly might invest in Pandora pending Sirius deal

We’ve been hearing speculation for many months that Pandora and Sirius XM are interested in building a closer relationship. Sirius XM has been rumored to want to acquire the online audio company, but the two parties have been at odds over price. New information from the New York Post’s Claire Atkinson indicated that if Sirius does back away, Pandora might have another interested suitor. Continue Reading