While there is no earnings call for iHeartMedia scheduled during the media giant’s bankruptcy process, the normal regulatory filing (10-Q) was made. From that document, a few interesting points can be gleaned. Continue Reading
As we noted last week, today is rollout day for a new YouTube Music app, and two new subscription plans for ad-free, downloadable YouTube use. Click through for plan details, a gloomy forecast (not from RAIN News), and quotes from Lyor Cohen. Continue Reading
Another streaming holdout has reversed course: Peter Gabriel has released most of his albums to Spotify, and possibly other services. In addition to other business considerations in releasing the music, there is the enduring value of back catalogs in streaming services. Continue Reading
Podcast company Cadence13 is partnering with business newsletter publisher MarketSnacks to start a daily business/tech podcast. It is called MarketSnacks Daily, and the first episode drops tomorrow, May 23. RAIN News Q&A with Chris Corcoran, Chief Content Officer at Cadence13. Continue Reading
RAJAR released its Q1 report today, not to be confused with its much larger MIDAS survey that came out earlier this week. The Q1 headline: Digital share of all radio listening was over 50% digitally delivered for the first time (50.9%, up from 47.2% in Q1 2017).
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In a significant rollout of new advertiser products, iHeartMedia is today launching iHeartMedia Analytics, a digital attribution service for broadcast radio. The company is seeking to transform how advertisers plan, buy, and measure their campaigns in the largest array of commercial stations in the U.S. Brian Kaminsky, iHeart’s President of Revenue Operations and Insights, offers details to RAIN News. Continue Reading
The planned merger which would combine Triton Digital and audioBoom is off, according to a British regulatory filing posted by audioBoom. Closing depended on a fundraising effort by audioBoom, which has fallen short. The future of audioBoom is uncertain, with four weeks of operating cash remaining. Continue Reading
John Cameron Mitchell, Glenn Close, Patti LuPone, and Laurie Anderson are a few of the celebrated performers attracted to podcasting. They, and others, will be featured in an upcoming podcast call Anthem, a musical produced by Topic Studios (producer of the hit, Missing Richard Simmons). Continue Reading
Ad spending on digital audio leaped upward 39% in 2017 over the previous year, according to a newly released report from the Interactive Advertising Bureau (IAB). Total 2017 ad spend in the category was $1.6-billion, up from $1.1-billion in 2016. Mobile increased its supremacy. Continue Reading
iHeartRadio has formed a partnership with Barbara Corcoran, one of the regular “sharks” in the reality startup show Shark Tank, to launch the Business Unusual podcast hosted by Corcoran, sponsored by Dell Small Business. It is a monologue format in which the real estate mogul delivers a business lesson (or two) in what is promoted as a “snackable” five-minute show. Continue Reading
Podcast content and advertising company Midroll Media harvested $11-million in first-quarter revenue, according to the Q1 earnings call for parent company Scripps. How that haul filtered down to the bottom line was undisclosed in the call. Continue Reading
In Pandora’s Q1 earnings call yesterday, some of the most interesting remarks came during the investor Q&A, as usual. Two key subjects investors brought to the discussion were Pandora’s acquisition of ad-tech company AdsWizz, and the future of podcasting in Pandora’s content catalog. Extensive quotes and context. Continue Reading