Tencent Music has reported its financial results for the third quarter. Total revenue rose 31% on-year to reach 6.51 billion yuan ($910 million). That figure included 1.85 billion yuan ($258 million) in revenue from online music services. Continue Reading
The Tomorrowland electronic dance music festival announced that it is going to make its One World Radio anniversary project a permanent digital radio station. One World Radio was introduced as a temporary eight-month project to mark 15 years of the Belgium-based event. Continue Reading
Entercom announced that RADIO.COM will be integrated with Samsung’s Bixby voice assistant. All of the sports, entertainment, news, and music content from RADIO.COM will be made available to U.S. listeners through a capsule in the Bixby Marketplace. Continue Reading
Digital audio business Targetspot announced a partnership with Cuebiq, a company specializing in location intelligence and measurement. The deal will focus on providing U.S. advertisers with tools to measure how digital audio campaigns drive traffic to brick-and-mortar storefronts. Continue Reading
Anchor, the Spotify-owned podcast creation and distribution app, introduced a new feature letting creators make trailers for their shows. The company is positioning the trailers as a way to reach new audiences on podcast platforms and on the web or social networks. Continue Reading
BIA has released a new report about U.S. local advertising, with a forecast that political and over-the-top advertising with be critical for growth next year. The report projected that total local advertising revenue will increase from $152.5 billion in 2019 to $161.3 billion in 2020. Continue Reading
iHeartMedia published its third-quarter financial results. The media conglomerate posted a 3% on-year increase in revenue to reach $948.3 million. Quarterly net income was $12.37 million. Continue Reading
CISAC, the organization representing authors’ and composers’ societies, announced that it collected a record-high €9.65 billion in global royalties during 2018. Digital sources were responsible for €1.64 billion of that total. Continue Reading
The October podcast publisher ranking from Podtrac includes a new entry. NBC News made the top ten, landing in ninth with its 24 podcasts. Continue Reading
Voxnest has shared initial statistics for its Spreaker Prime revenue-sharing program for up-and-coming podcasters. The service has generated $1 million in ad revenue during its first quarter of operation. Continue Reading
RealNetworks has posted its third-quarter financial results. The company included information about its Napster music streaming subsidiary, which generated quarterly revenue of $27.3 million, down 21.6% from $34.8 million in the year-ago period. Continue Reading
Triton Digital has announced a partnership with Nationaal Luister Onderzoek to launch Podcast Reports in the Netherlands. This report will detail insights on the top podcast networks and top podcasts and audio on demand in the market. Continue Reading