Audible is broadening its scope to include theater. The Amazon division is producing plays with the aim of recording the performances and turning them into audiobooks and podcasts. In addition to sponsoring performances to be recorded, Audible established a $5 million fund to commission new works by emerging artists. Continue Reading
France posted a 3.9% increase in recorded music revenue in 2017. The Syndicat National de l’édition Phonographique, or SNEP, reported annual sales of €583 million in a second year of growth. Streaming revenue increased 23% for the year, reaching €243 million and securing a 41.6% share of the French market. Continue Reading
The Los Angeles Times interviewed Neil Young, talking about music projects old and new with the rocker. He is still on the same crusade for audio quality with his recently unveiled Neil Young Archives as he was with Pono Music, his multi-million dollar crowdfunded project that recently shuttered. And Young has some definite, if bizarre, opinions on why Pono failed. Continue Reading
Ticket sales are open for the RAIN Podcast Business Summit , March 22, at New World Stages in New York. First Mover registrations benefit from the lowest price — just $299 for the only event examining and defining the business marketplace of on-demand audio, and the opportunity for advertisers. These early buyers will also receive a $15 RAIN-branded Starbucks gift card when they pick up their badges. The First Mover tickets last until February 22. Click through for special speaker reveals.
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HBO has launched a limited-run podcast to accompany one of its new shows. The podcast is titled Where Do You Exist? and the first episode is currently available on Apple Podcasts and SoundCloud. It was designed as a complement to new drama series Here And Now. Continue Reading
Universal Music Group posted revenue of €5.673 billion in 2017, up 10% from the previous year. Revenue from streaming and subscriptions grew 35.4%, which offset declining revenue from both downloads and physical sales. Continue Reading
Hot on the heels of its merger with Triton Digital, podcasting platform audioBoom has shared two more business developments. First, the company has entered a partnership with The Podcast Exchange. Second, it has hired Jenni Skaug as its senior sales director. Continue Reading
Pandora Premium is now available as a web version to complement the existing mobile experience of the on-demand streaming service. When the paid option launched in March 2017, it was only available as a mobile app for iOS and Android platforms. Continue Reading
Amazon is continuing to mobilize for an expansion into India. The latest development is Amazon Prime Music extending its deal with Warner Music Group to offer the label’s catalog to listeners in that market. According to The Economic Times, this marks the sixth deal to expand the Prime Music library that will be available in India. Continue Reading
South By Southwest will return to Austin, Texas, next month. Several audio companies are looking to make their mark on the interdisciplinary conference. Pandora announced that it will host music performances at The Gatsby from March 13-15. Podcast platform Stitcher will also have a presence at SXSW. Continue Reading
Recode’s Code Media Conference has had a few notable appearances from the audio and music space. New SoundCloud CEO Kerry Trainor recently took his turn in the hot seat, marking his first public interview since taking the helm at the audio company. Continue Reading
The New York Times’ morning news podcast The Daily will extend to radio, joining a cross-medium expansion trend. More than a simple syndication, The NYT team will produce a 30-minute version of the show offering a detailed dive into one or two big headlines from the day. Continue Reading