Speaker company Sonos announced that it has hired Brittany Bagley as its new chief financial officer. Bagley has already served on the firm’s board of directors for two years, but will step away with her new appointment. Continue Reading
Sirius XM and Pandora have launched their first cross-platform collaboration since the satellite radio company acquired the online audio platform in September. The new interactive channel, called Pandora NOW, will be available on both of the audio services starting today. Continue Reading
Red Bull is shuttering two of its music operations. Both Red Bull Music Academy and Red Bull Radio will close as a result of structural changes in the energy drink company, which has also built a parallel reputation as a lifestyle and culture brand. Continue Reading
Audioboom, which trades on the London stock exchange, filed an optional quarterly earnings update (formally called a “Trading Update”) to publicize eye-popping year-over-year financial performance. In Q1 2019 the London-HQ’d Audioboom earned U.S. $4.6-million, up 180% from the Q1 2018… Continue Reading
Zeno Media has entered a partnership with the BTC Bahamas telecom for a new app called BTC Radio. The two parties will launch the first mobile carrier supported audio streaming radio app for the region, including exclusive radio content from the Bahamas, Haiti, and Jamaica. Continue Reading
iHeartMedia filed for an initial public offering today, marking a big financial move for an audio conglomerate that is emerging from bankruptcy. The filing signals the end of an era for iHeartMedia, which has been under private ownership for more than a decade. Continue Reading
Spotify has hired Chaka Zulu as its new head of artist and talent relations. Zulu has been the manager of rapper Ludacris for many years and is co-founder of the Disturbing Tha Peace label. Continue Reading
In an unforeseen and ambitious expansion, Edison Research has announced new components of its long-running Share of Ear consumer study. Taking advantage of a staff increase announced over a year ago, the research company is adding Eye, Nose, and Throat to its famous measurement of American listening. Continue Reading
Most music streaming services have a familiar set of options for subscription options, but Spotify is trying out something new. An individual can subscribe for $9.99 a month, the family tier gives access to up to six people for $14.99, and now it’s testing a middle ground. Spotify Duo is a subscription for just two people. Continue Reading
eMarketer predicted that Amazon Music be the fastest-growing service for audio streaming in 2019 and through 2023. According to its latest statistics, Amazon Music will reach 35 million monthly U.S. listeners this year thanks to a growth rate of 17.7%. Continue Reading
The BBC’s annual plan for 2019-2020 demonstrates a continued focus on local culture and creativity while embracing the ongoing digital shifts in the entertainment world. The UK broadcaster cited the popularity of audio and video streaming platforms, including Apple’s very recent announcements about television, and laid out how it plans to stay relevant in the competitive market for eyes and ears. Continue Reading
Kobalt announced that it secured gross collections of $494 million in its latest fiscal year. The total marks a 30% increase for the period ending June 30, 2018. It anticipates continued growth and projects the current year to end with gross collections of $600 million. Continue Reading