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The weekly update of the streaming audio industry, from RAIN News. The weekly update of the streaming audio industry, from RAIN News. THIS WEEK: Pandora earnings and stock tumble; YouTube Red; music royalty controversy; Apple Music finally divulges numbers; more. Continue Reading
“Pandora exited Q3 with strong financial results,” the company’s earnings summary states. Investors didn’t get the memo, or didn’t like it, as Pandora stock traded a shocking 33% down. Pandora’s key metric, RPM, continued to grow. Click for details. Continue Reading
The Local Radio Freedom Act, a non-binding resolution that has been slowly garnering support over eight months, attained a majority in the House of Representatives with the addition of six member signatures. The resolution carries no legislative power, but generates impressive rhetoric. Continue Reading
As rumored, Pandora has settled with the RIAA for use of pre-1972 music through this year and next. Settlement cost is $90-million. This development comes a few months after Sirius XM, likewise a defendant in cases focusing on performance use of oldies, settled with major labels and other litigants through 2017, at a coast of $210-million. Continue Reading
Rivet Radio, which has been called “The Best In Bite-Sized News,” is adding 200 leading podcasts to its catalog, and has freshened its iOS app with a new content discovery feature called FOLLOW which personalizes the news stream. We tested it. Continue Reading
In a milestone agreement with ramifications for the streaming audio advertising ecosystem, Triton Digital will provide local digital audio metrics for the entire iHeartMedia empire of radio stations. iHeart will leverage Triton’s Webcast Metrics Local product, which provides audience measurement of audio streaming in local markets. Continue Reading
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Politicians on podcasts — is it the new thing? If so, it started withu President Obama on Marc Maron’s show, and is continuing with Donald Trump’s booking on Larry King’s podcast. Continue Reading
In just under three weeks, leaders of the online audio industry will gather from eight countries for RAIN Summit Europe, November 9 at The Royal Institution in London. Another slate of thought-leading speakers has recently been confirmed. Continue Reading
With CEO Tim Cook’s disclosure of Apple Music subscriber numbers, Apple Music is finally positioned in the music service market. Should Apple Music be compared to other services? Apple Music is not as mature as competitors, but also not in the same business. Continue Reading
Global-owned DAX (Digital Audio Exchange), a programmatic audio buying platform, announced today that it will expand dramatically in 2016, offering ad inventory across 18 countries. Demand from existing advertising wishing to create pan-European campaigns is driving the growth. Continue Reading
Brief news items and worth reads from around the web. Today: Where is the British breakout podcast? Also India roundup 2.0 and opposing sides get technical in a panel discussion on music licensing. Continue Reading
Sponsored by AudioBoom
The weekly update of the streaming audio industry, from RAIN News. THIS WEEK: Car connections; Pandora’s legal decisions; Deezer going public; WNYC invests in originals; more. Continue Reading