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
(Not entirely safe for work): Podcasts. They’re like… opinions, everyone has one! Kitty’s starting her own with her best friend Pam. pic.twitter.com/aD44QtJzCv — The Weekly (@theweeklytv) July 12, 2018
Netflix has entered a partnership with Sirius XM to launch a comedy station on the satellite radio platform. The channel will be titled Netflix Is a Joke Radio and is slated for a January 2019 launch. Continue Reading
TuneCore announced that it is adding a new service called Facebook Monetization. This feature is free for all TuneCore Artists and allows them to ensure correct payments when the performer’s work is used on either Facebook or Instagram. Continue Reading
AdRev, a specialist in YouTube monetization and copyright management, announced a new high-level hire. Nick LaPointe has joined the company as director of rights management. Continue Reading
Chance the Rapper has been known to throw himself and his resources into causes that hit close to home. He gave Chicago public schools $1 million last year, and also made efforts to help support SoundCloud when the platform that helped break him to mainstream success was struggling. Now he’s embarking on another Windy City campaign. Continue Reading
Spotify has introduced a new feature for streamlining the process of submitting unreleased music for consideration on its curated playlists. The feature is in beta testing on the Spotify for Artists and Spotify Analytics dashboards. Continue Reading
Today NPR and Edison Research released the latest edition of The Smart Audio Report, an ongoing consumer survey of how American adults are acquiring and using smart speakers. The information was released in an online webinar presented by Edison Senior Vice President Tom Webster. Continue Reading
Spotify has hired a musician to help build a hub centered on Arab music and culture for the platform. Suhel Nafar, a Palestinian musician, is now a senior editor for the streaming service and will work out of its New York office. The Middle East has been a region of growth for digital audio advertising. Continue Reading