SoundExchange distributed $208.7 million in sound recording performance royalties during the second quarter, bringing its 2018 distributions to date to more than $398.6 million. The performance royalty distributor had several other noteworthy activities in the period that it shared in its most recent report. Continue Reading
Streaming has continued to grow in popularity in France. The country’s domestic music industry body, SNEP, released a report on the first half of 2018, which found on-demand streams up 39% to 27 billion for the period. Continue Reading
Brief news items and worthy reads from around the web: Examining a decidedly modern YouTube radio trend. Is Michael Barbaro the next Ira Glass? Shifting strategies at a streaming-only label. What is the future of music videos? Continue Reading
BuzzAngle Music emerged into the charts space in 2013, entering a space that had long been dominated by statistics from Billboard and Nielsen. RAIN News first covered the platform in 2015 ahead of the 2016 launch of its revamped analytics system. Now the outfit is getting a little extra support to continue challenging those stalwarts. Continue Reading
Amazon released its second-quarter financial results, and the company continues to amass enormous windfalls from across its diverse range of products and services. Alexa was a key factor in the conglomerate’s business updates from the period, and will likely continue to be a focus in their financial success too. Continue Reading
Mitch Barns will retire as CEO of Nielsen at the end of 2018. He has been with the consumer behavior and analysis company for more than two decades, and has held roles in multiple parts of the business. Continue Reading
Spotify has shared its results for the second quarter of 2018, and the period yielded several positive figures for the streaming company. Quarterly revenue reached €1.273 billion, up 26% on-year. Premium listeners delivered most of that total. Continue Reading
WideOrbit announced that regional radio operator Cherry Creek Media is now using its WO Streaming platform to offer online audio streams of its broadcast content. Cherry Creek Media owns and operates 52 radio stations in the western United States. Continue Reading
Austria reported growing revenue from streaming in the first half of 2018. Total revenue for the period reached €53.5 million. It was also the first time the domestic market saw greater revenue from digital sources than from physical. Continue Reading
Sirius XM reported its Q2 2018 financial results, marking another successful period for the satellite radio business. Quarterly revenue rose 6% to $1.4 billion. Net income totaled $292.3 million, or 6 cents per diluted share, up from $202.1 million, or 4 cents per diluted share, in the year-ago period. Continue Reading
Sonos, the wireless speaker company, is setting its sights on an initial public offering of $105 million. The company filed paperwork this spring in order to pursue an IPO, although no date has been set at this time. When the offering happens, though, Sonos will make 5.55 million shares available at a price range between $17 and $19 per share. Continue Reading
Spotify has entered a partnership with Festicket, a platform for book music festival travel. Users can connect their Spotify accounts to Festicket for the Festival Finder tool. Continue Reading