Ad Age interviewed several executives about how podcast advertising is changing along with listening in the coronavirus pandemic. Not only are many businesses cutting the ad budget due to shut-downs and stay-at-home orders, but many of those that are still running ads don’t want to be linked with discussions of the pandemic. Continue Reading
SoundExchange released its Digital Radio Report with details about its first quarter of 2020. The organization paid out $224 million in the first three months of the year, an increase from its Q1 2019 payout of $220.7 million. Continue Reading
Entercom released listening statistics about its growing podcast segment. It said in the release that its Podcast Network has seen “blockbuster” audience growth in the wake of the global coronavirus pandemic. Continue Reading
Spotify has expanded its Ad Studio platform, bringing the self-service tool out of beta. The Ad Studio will now be available in 18 additional markets around the world. This move marks a notable expansion to how businesses can advertise on the platform three years after the tool was initially introduced. Continue Reading
PRS for Music, the British collection society, announced that it made a record April royalty distribution. The organization paid out £174 million (~$215 million) to its members for the month, up 15% from April 2018 distributions. Continue Reading
Voxnest announced that it has entered a new partnership with Nielsen. This latest agreement means that advertisers using the Voxnest Audience Network and publishers using Voxnest’s Spreaker will be able to use Nielsen Audience Segments for a better understanding of their listener bases. Continue Reading
Apple Music has launched a fund to help insure artists get paid during the COVID-19 pandemic. The platform is creating a $50 million advance royalty fund for paying artists through independent record labels. Continue Reading
Victoria Campoamor has joined Spotify as the streaming service’s new senior director of content operations and services. Prior to this position, she spent several years in posts with YouTube and Google. Continue Reading
iHeartMedia announced that it has extended its deal with Aaron Mahnke. The multi-year deal will see the author and podcast creator continue his exclusive partnership with the iHeartPodcast Network. In addition to work with Mahnke, the partnership will see the addition of five new podcasts to feature new talents. Continue Reading
Audioboom reported its first-quarter financials. The podcast company reported $6.4 million (£5.2 million) in revenue for the first three months of 2020, a jump of 40% from the year-ago period. The increase was largely due to a corresponding spike in brand advertiser count. Continue Reading
Triton Digital has released its LATAM Podcast Report. The latest chart covers February 17 through March 15. For that period, the top 100 podcasts generated 19.4 million downloads. Continue Reading
The coronavirus pandemic has already had an impact on music consumption and performance around the world. Performing rights organization ASCAP is the latest company to share changes as a result of the disease. President and Chairman Paul Williams told members in an email that the organization is postponing its scheduled April 6 payments to April 28. Continue Reading