Warner Music Group posted a 10.4% increase in total revenue for its third quarter of the 2019 fiscal year, reaching nearly $1.06 billion. Digital revenue reached $648 million, up 12.5% on-year for the period ending June 30. Continue Reading
Vivendi has been looking for a buyer to take over up to 50% of Universal Music Group for several months, and the process has yielded interested parties. Now, the French conglomerate has officially entered talks with China’s Tencent Holdings for a deal around the major label. Continue Reading
Pod Drop highlights noteworthy new and upcoming podcasts from across the vast and fast-growing category. iHeartRadio, Thrive Global, Radiotopia, and Podglomerate all announced new titles for the summer. Continue Reading
Spotify has launched a new partnership with AT&T. This deal will make Spotify’s paid service available as one of the options for a free entertainment subscription through the Unlimited &More Premium wireless plan. Continue Reading
RAIN, the leading knowledge and networking organization for online audio and the digital evolution of radio, is pleased to announce that Bill Wilson, CEO of Townsquare Media, will keynote RAIN Summit Dallas on September 24. Bill Wilson has been a digital frontrunner in music, internet media, and radio for over 25 years. Continue Reading
A new streaming service has launched for listeners in Suriname. The South American country is home to a new platform called TrackDrip. The service has a free tier and a premium subscription option for those who want offline access. Continue Reading
Mixcloud has been a regular experimenter with ways for audio creators to build their businesses. In line with the company’s goals about transparency, Mixcloud has published a blog post outlining the next wave of changes it will be implementing on the platform. Continue Reading
TuneIn announced that Juliette Morris is its new CEO. Morris joined the audio company as its first chief marketing officer in March 2018. Before her post at TuneIn, Morris held executive and leadership positions at several major media companies. Continue Reading
Spotify’s second quarter financial results included notable growth in both its monthly active users and its subscriber base. The company now boasts 232 million monthly active users, up 29% on-year, and 108 million subscribers, a lift of 31% from the year-ago period. Continue Reading
Apple has shared its results from the third quarter of its 2019 fiscal year. Its revenue for the period ending June 29 reached $53.8 billion, up just 1% from the third quarter of 2018. The slight bump in revenue made this period Apple’s biggest June quarter to date. Continue Reading
Sony Music Entertainment has published its results from the first quarter of its fiscal 2019. Total sales revenue grew 11% for the period to 202.3 billion yen ($1.86 billion) and recorded music sales also rose 11% to 111.9 billion yen ($1 billion). Continue Reading
Edison Research has been recognized with the 2019 Content Marketing Award for Best Use of Original Research in Content Marketing. The Content Marketing Institute bestowed the award for Edison’s work on The Infinite Dial 2018 research survey. Continue Reading