SoundCloud’s 2017 financial results included global revenue of €90.7 million ($102 million), up 80% from its 2016 total of €50.3 million. Subscription revenue nearly doubled to €72.6 million. Continue Reading
Amper Music, a company specializing in AI music creation, announced several developments yesterday. Its latest service is Amper Score, an end-to-end platform for music composition by artificial intelligence. Amper also announced that its API can be integrated into the tools and platforms of third-party companies. Continue Reading
SACEM, the French songwriter and composer collection society, announced that it is restructuring. The group is consolidating its licensing, international, and operations divisions into a single department. Continue Reading
Targetspot has announced a new sales director for the company’s Toronto office, which was opened last year as part of an international expansion. Mark Kates, who has held executive sales positions in several organizations since 2004, will lead Targetspot’s Canadian digital audio ad sales initiatives. Continue Reading
CD Baby has announced a partnership with SACM, the only performance rights organization in Mexico. It is a milestone deal and the first such agreement SACM has joined with an external entity. Continue Reading
The European Copyright Directive passed one big hurdle in the fall, but the fate of the contentious legislative overhaul is now in question. Two components of the legal package have raised debate: Article 11, which lets publishers charge a fee when online platforms like Google or Facebook show snippets of their articles, and Article 13, which makes platforms such as YouTube liable for user-generated content that infringes copyright. Continue Reading
One of SoundCloud’s co-founders is leaving the audio company’s day-to-day operations. Eric Wahlforss announced that he is exiting his role as chief product officer in favor of an advisory role beginning March 1. Continue Reading
Napster’s parent company, RealNetworks, has doubled its existing stake in the streaming service. RealNetworks acquired the debt and equity interests in Rhapsody International, an action that gives it about 84% of the outstanding stock in Napster. Continue Reading
Spotify is still coming hot and fast with the updates and future plans. The newest feature is an option to mute individual artists, and the latest churn of the gossip mill points to developments around in-vehicle hardware and an Indian launch down the road. Continue Reading
Jim Ballas has been named CTO and VP of Operations at PodcastOne, where he has worked since the podcast company’s founding. Today’s announcement marks his fifth titled role in the company. Continue Reading
RAIN News attended the inaugural iHeartRadio Podcast Awards presented by Capital One on January 18. At the iHeartRadio Theater in Los Angeles, many notable figures from podcasting appeared to recognize the successes of the audio format. Continue Reading
TuneIn announced some figures from the end of both December and 2018. The audio company said that its platform generated more than half a billion hours of listening during December. It also reported that overall listening hours rose 31% year-over-year. Continue Reading