PwC has published its annual report of projections and predictions for the international media industry. The Global Entertainment and Media Outlook 2018-2022 valued the music, radio, and podcast sector in the U.S. at $40.7 billion in 2017. The industry is projected to see a 4% compound annual growth rate to reach $49.5 billion in 2022. Continue Reading
SoundMachine announced that its Business Premium powered by Napster music service has launched in the UK. The corporate-focused premium music service offers scheduling and management features from SoundMachine alongside Napster’s music programming and catalog. Continue Reading
Tencent Music Entertainment is planning for an IPO in the United States, and the move could mean a windfall for several big music companies. Stakeholders in the Tencent music branch include Sony/ATV Music Publishing, EMI Music Publishing, and Universal Music Group. Continue Reading
This year, Apple focused its WWDC keynote entirely on its software and operating systems. That choice meant the presentation didn’t get into any big-ticket numbers about the company’s entertainment services. However, Apple has made some updates to add functionality to both its Podcasts and Apple Music platforms. Continue Reading
Several podcast companies have made headlines with fundraising news, and VCs seem ready to keep opening their wallets. TechCrunch monitored some of the recent developments of money funneling into podcast operations and found large leaps in both the number and dollar value of deals made in 2017. Continue Reading
YouTube is the top social media platform for American teenagers. That’s the result from the latest Pew Research Center survey of teens and social media, which found YouTube besting services from Instagram to Reddit with 85% of U.S. teens using the platform. Continue Reading
Podbean has launched its own supply-side platform for programmatic advertising. Its new PodAds service will offer targeted ad buys that are dynamically inserted into podcasts hosted on the network. Advertisers and media buyers can use PodAds to set their ad budget and select the shows to run them on by their desired geographic and category areas. Continue Reading
YouTube has hired Tuma Basa as its new director of urban music, confirming the move that had been circulating on the gossip mills for a few months. Basa was previously the top hip-hop curator at Spotify, where he built the Rap Caviar playlist into a must-listen destination for fans of the genre. Continue Reading
The Canadian Radio-television and Telecommunications Commission (CRTC) has published a report calling for new government tools and federal regulations to support a healthy digital media market. The report suggested that future policies should focus on producing and promoting high-quality content by Canadians and encouraging rapid adaptation as technologies change. Continue Reading
WNYC Studios has partnered with Whooshkaa to open up its podcasts to Australian advertisers. Across its show roster, which includes Radiolab and 2 Dope Queens, WNYC Studios reaches more than 7 million unique listeners every month. Continue Reading
Apple Music is adding another new department, this one focused on “data-driven conversations between Apple, labels, artists and the broader industry.” That’s the description in a job posting for the streaming service, which is hiring a Charts & Market Analytics Manager. Continue Reading
Tencent is moving forward with plans for an initial public offering of its music branch. Tencent Music and Entertainment has appointment Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch to lead the IPO, Financial Times reported. Continue Reading