The Tomorrowland electronic dance music festival announced that it is going to make its One World Radio anniversary project a permanent digital radio station. One World Radio was introduced as a temporary eight-month project to mark 15 years of the Belgium-based event. Continue Reading
iHeartMedia published its third-quarter financial results. The media conglomerate posted a 3% on-year increase in revenue to reach $948.3 million. Quarterly net income was $12.37 million. Continue Reading
RealNetworks has posted its third-quarter financial results. The company included information about its Napster music streaming subsidiary, which generated quarterly revenue of $27.3 million, down 21.6% from $34.8 million in the year-ago period. Continue Reading
Townsquare Media released its Q3 earnings this morning in an upbeat conference call with investors. Net revenue for the quarter was up nearly eight percent year-over-year, exceeding expectations, and the company revised its guidance upward. The stock jumped. Digital platforms represent the most assertive revenue growth. Continue Reading
Deezer launched an update on its iOS mobile app that puts a new emphasis on non-music programming. The streaming service now has a section called Shows where listeners can access all podcasts and radio programming. Continue Reading
Rhapsody International announced that it has hired Scott Javor as senior vice president and chief financial officer. He assumed the role effective November 1 and will serve on the senior leadership team for the digital music company. Continue Reading
Brief news items and worthy reads from around the web: Canada’s Indigenous artists launch their own streaming brand. New HBO subscription app will include podcasts. Denim jackets get smart. Continue Reading
Sony posted another strong period for its second fiscal quarter. The whole music division had quarterly sales of $2.04 billion (219.28 billion yen), on operating profit of $349 million (37.48 billion yen). Continue Reading
Apple released its quarterly financial results for the period ending September 28. The tech company reported quarterly revenue of $64 billion, up 2% from the year-ago period. Services revenue continued to rise for Apple. Continue Reading
Spotify is rolling out a standalone app for its youngest listeners. Spotify Kids is a separate app to supplement a family plan. The app has a simplified design for easy navigation and with bright colors. Continue Reading
Sirius XM posted its financial results from the third quarter. The audio company reported total revenue of $2.01 billion, up from nearly $1.47 billion in the year-ago period. Net income in the quarter was $246 million, or 5 cents per diluted share. Continue Reading
Google and PRX have expanded their partnership centered on training and education for aspiring podcasters. The latest effort is a 10-part video series called Podcasting 101. The show will cover topics such as audio recording tips, script writing, interview skills, and monetization. Continue Reading