Radio revenue steady in 2013; BIA/Kelsey breaks out top 10 earners

BIA/Kelsey released its quarterly Investing in Radio Market Report, summarizing industry income for 2013 and identifying the 10 richest stations by revenue for the year. RAIN spoke to Dr. Mark Fratrik, SVP at BIA/Kelsey, about the forward path to success for broadcasters in all markets. He emphasized a multi-platform approach. Continue Reading

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Growth of streaming keeps U.S. recorded-music market stable (RIAA report)

The Recording Industry Association of America (RIAA) released its report of 2013 sales and revenue today. (PDF here.) The main bullet point is that streaming is the fastest-growing segment of the recorded-music industry, and its revenue contributes to keeping the industry stable. Streaming has contributed a continually escalating percentage of total revenue since 2007. Continue Reading

RAIN Poll: What is your favorite home listening device?

Radio and records — if you’re of a certain age, that’s what “home listening” meant while growing up. Now, listening at home has more options than all the new definitions of “radio” and “records.” What is your favorite device for listening to music and audio at home? Vote your favorite! Hard to choose? Give us more context in a comment. Continue Reading

How much money Pandora saves in the ASCAP court verdict

Pandora just saved about $21-million. The recently concluded ASCAP vs. Pandora trial could be framed as a draw, with the disputed royalty rate to publishers maintained. But crunching the arithmetic shows the court decision comes much closer to Pandora’s desired outcome than ASCAP’s, and provides a view of how much money Pandora saved — or ASCAP lost, depending on the viewpoint. Continue Reading

Digital dollars lead 2013 revenue growth for broadcast radio

The Radio Advertising Bureau (RAB) today released a 2013 revenue report for broadcast radio. By a wide margin, digital revenue led other income segments in year-over-year comparisons. Overall revenues were flat in 2013, when examined through two lenses: full year-over-year, and Q4 2013 vs. Q4 2012. Digital is growing fast from a small percentage of total radio revenue — 5% in 2013. Continue Reading