Amazon released its first quarter financials. The company did see some adverse impacts from the COVID-19 pandemic. Its press release included some statements about measures taken to protect employees from the virus, but did not comment on the ongoing labor debates or union efforts happening among its workforce. Continue Reading
U.S. commercial radio raised $425,000 for Feeding America yesterday, in a rapidly organized effort called Radio Cares. Hundreds of stations and radio groups pitched in with on-air promotions. It was a virtuosic effort. What is podcasting doing, as a cohesive medium, in this national emergency. Maybe it’s time to develop a unifying trade organization. Continue Reading
ASCAP announced that it recorded record high distributions and revenues in 2019. The performing rights organization generated $1.274 billion in 2019 revenue, up from $1.227 billion the previous year. Distributions also surpassed $1 billion for the third consecutive year. Continue Reading
Voxnest has been monitoring the race between Apple and Spotify to be the top podcast listening platform. The company shared first-quarter data from its Voxnest Audience Network. It found that Spotify made some inroads into the U.S. market, grabbing the lead in a few states during the period. Continue Reading
Latin music is seeing faster growth in the U.S. than the overall market, with streaming responsible for almost all of the genre’s domestic revenue. According to the RIAA, Latin music revenue grew 28% in 2019 to reach $554 million. Continue Reading
Podcast network Dear Media announced that it has raised $8 million in Series A funding from Magnet Companies. The company will use these resources to expand its podcast slate and fund original intellectual properties. Continue Reading
Apple has reported its financial results for the three months ending March 28. The performance overall showed slowing growth, although many of its important metrics still trended upwards. Continue Reading