DTS announced that it will acquire iBiquity for a price of about $172 million. iBiquity is the exclusive developer and licensor of HD Radio technology, while DTS is a provider of high-definition audio solutions. Bob Struble, president and CEO of iBiquity, will continue to lead the HD Radio business following the acquisition. The deal is expected to close later this year. Continue Reading
Apple Music is positioning itself as a curation-focused service, where you’ll hear tunes recommended by trusted tastemakers. Apple has expanded its knowledge in Latin music thanks to a new deal with Remezcla. The Latin American culture outlet will curate Latin content for the tech company’s music streaming service. Continue Reading
AudioHQ has announced a partnership with talent agency Paradigm to create long-form digital audio content. The two companies will collaborate on developing, distributing, and selling this on-demand audio programming along the traditional Hollywood studio model, which the two companies say is a new approach at large scale. Continue Reading
As news spread about Hubbard Radio acquiring 30% of PodcastOne, we talked to Norm Pattiz, co-founder of PodcastOne and evangelizing advocate of podcasting, on the phone. Continue Reading
Hubbard Radio and PodcastOne announced that Hubbard has acquired 30% of podcast network, in a deal whose finances are undisclosed. For the second time in two weeks, radio has bought into podcasting. On July 22, print and broadcast media giant E.W. Scripps wholly acquired Midroll Media. Continue Reading
Audio ad sales company AdLarge Media notified us today that it has acquired exclusive ad-rep rights to Associated Press (AP) on-demand news reports on AudioBoom. Along with extending AP’s exposure to marketers, there is a reach play in the deal, which allows affiliaste radio stations to host AP audio updates on their websites and mobile apps. Continue Reading
Yesterday’s announcement that E.W. Scripps acquired Midroll Media is a mile marker in the evolution of podcasting as an important media category. We spoke by phone with Adam Sachs (CEO, Midroll Media), and Adam Symson (SVP and Chief Digital Officer, Scripps) about the merger, its aftermath, and implications for podcasting. Continue Reading
Media powerhouse E.W. Scripps has just announced that it has acquired Midroll Media, parent company of Earwolf, Wolfpit, and Midroll. Midroll Media is a podcast ad network that sells across a portfolio of 200 home-grown and externally produced on-demand audio programs. Continue Reading
SFX Entertainment has entered into a partnership with Spotify. This new arrangement will bring music and video content from Beatport to Spotify’s streaming service. Brand new Beatport CEO Greg Consiglio said that the company is in the midst of building out new content partnerships with other distribution channels, but Spotify is the only one that will get access to Beatport’s new music exclusives. Continue Reading
In a partnership with AT&T, iHeartRadio is now available on the telecom giant’s U-verse enhanced TV platform. The integration is another building block toward making the television an in-home audio device alongside WiFi-connected speakers. Continue Reading
SESAC is purchasing the Harry Fox Agency from the National Music Publishers’ Association. The acquisition unites performance and mechanical rights under SESAC’s umbrella of services, a unique development in the industry. Continue Reading
Radio group Cumulus Media and audio platform Audioboom have announced a major strategic partnership to produce and distribute on-demand audio. Westwood One will be the exclusive ad-rep agency for Audioboom’s monetization efforts of the content. Continue Reading