Spotify has made several developments this week aimed at expanding its footprint for podcasts. First, Bloomberg reports that Spotify will promote podcasts in its mobile app and in advertisements in exchange for positive buzz from show hosts. Second is a distribution deal with Australia’s Omny Studio. Continue Reading
Amazon is hiring for hundreds of positions in Australia, with a heavy focus on the music department. This has sparked speculation that the tech giant will be launching its Amazon Music streaming platform in that market in the coming months. Continue Reading
Pandora has posted its financial results for Q2 2017. The audio company’s performance over the three month period showed growth in several important metrics, although its sale of Ticketfly did have an impact. Continue Reading
Spotify has reportedly reached a new subscriber milestone. Sources familiar with the streaming company told the Financial Times that it now has 60 million paying listeners. The milestone would mean that Spotify added 10 million subscribers since March. Continue Reading
GfK MRI conducted a study that explored the popularity and audience trends of podcasting. The Survey of the American Consumer determined that about 8.6% of U.S. adults, or about 21 million people, either downloaded or listened to a podcast in the past 30 days. That rate rose from 7% in last year’s survey. Continue Reading
Bloomberg has reported that SoundCloud may be nearing deal with private equity firms. If the news is accurate, this development could mark a turning point in the audio company’s financial health after a year of job cuts and high-profile exits. Continue Reading
A new company has joined the ranks of podcast networks. Podglomerate offers production, distribution, promotion, and monetization services for podcasts. Jeff Umbro, who hosts the Writers Who Don’t Write podcast, is the owner of Podglomerate. Continue Reading
Apple’s mobile devices have been keystones of its product family for much of its present-day business. In 2017, we are seeing the shifts in where Apple is putting its resources and what it views as trends for music, where the company has long worked to position itself as a leader. First, this year marked the 10-year anniversary of the iPhone. Second, Apple has discontinued both the iPod Nano and iPod Shuffle. Continue Reading
We reported the numbers from Sirius XM’s Q2 financial results yesterday. Today, we dive into the transcript of the company’s conference call for more insights into the long on-again-off-again saga of its interest in Pandora, as well as its more recent efforts around the Amazon Echo smart home speaker. Continue Reading
Sirius XM posted its Q2 financial results, and the satellite radio company saw its revenue grow 9% on-year to $1.3 billion. Quarterly net income totaled nearly $202.11 million, or 4 cents per share, up from income of $174.95 million in the year-ago period. Continue Reading
French music industry group SNEP has published its H1 results, which saw digital sources continuing to grow despite an overall dip in revenue. SNEP reported a decrease of 2.3% in revenue to €189.5 million for the period. Continue Reading
audioBoom and Deezer have joined forces in a new podcast-focused deal. Through the new agreement, audioBoom broadcasters can reach the Deezer audience of 12 million international listeners for their shows. Deezer will have nearly 230 audioBoom shows in English and Spanish added to its burgeoning podcast division. Continue Reading