The Verge has entered a partnership with Anchor, using the short-form audio platform to help solicit reader feedback on new podcast ideas. The publisher said it is using Anchor to try out many different ideas and formats for new audio programming. Continue Reading
Nielsen’s Q4 2016 comparable metrics report continued the upward trajectory for smartphone use seen in its Q3 results. Radio, on the other hand, stayed essentially flat within the U.S. media consumption landscape. Weekly reach for radio has stayed around 93% for several quarters, and radio is used an average of 5.1 days per week. Smartphones are used even more frequently at an average of 5.8 days per week. Continue Reading
MIDiA Research has released its second State of the Streaming Nation report. It offers a deep dive into both consumer behaviors and market trends for this industry, covering listeners in Brazil, Germany, Japan, Sweden, the UK, and the U.S. The report found that streaming revenue in 2016 was $7.6 billion (retail values). It projected that figure to reach $20.1 billion by 2025. Continue Reading
It has finally happened. The day that pop fans have dreamt of for almost three years. Taylor Swift has returned to Spotify. Continue Reading
Digital rights agency Merlin has posted the results of its 2017 member survey, reflecting a snapshot of the independent music label industry. Merlin’s revenue distributions have increased 52% year-on-year to $353 million. That marks an eightfold spike in member payouts within the past four years. Continue Reading
Pandora and Sirius XM are getting closer ties at long last, but it’s not quite the same relationship the parties were initially planning. Sirius XM has agreed to invest $480 million in Pandora. This investment causes a ripple effect, changing some other business avenues that Pandora had also been considering. Continue Reading
Universal Music Group announced a new hire for its digital efforts. The label has brought on Tuhin Roy for the newly created role vice president of new digital business. In this position, Roy will work to forge partnerships with start-ups in the early-stage digital media sector. Continue Reading
Pandora returns to the headlines today as yet another layer of outside involvement becomes a possibility for the audio company. The audio company’s future has been a topic of interest as an ever-growing number of parties consider getting involved with the business to varying degrees. Two new developments have emerged around this ongoing story today. Continue Reading
Data and charts company BuzzAngle Music announced that its analytics now integrate global data from Shazam. This marks the first time that data from the audio identification business will be a part of a comprehensive analytics program, BuzzAngle said in its press release. Continue Reading
Yesterday we shared the top-down global overview from PwC’s Entertainment and Media Outlook. Today’s we’ll drill down into the report’s data specifically for the United States. The results point toward projected total entertainment and media revenue of $666.13 billion in 2017. Music revenue in the U.S. is projected to hit $18.3 billion in 2017 with a CAGR of 5.596% for the report period. Continue Reading
Programmatic technology company Jelli announced an expansion for its offices. It has opened two new offices, one in New York City and one in Boise, Idaho. Jelli also hired streaming advertising veteran Eric Ronning, to run operations in NYC as its new vice president of strategic accounts. Continue Reading
Audioburst announced that it has secured series A funding of $6.7 million for its mission of automating the indexing, organization, and discovery of audio content. The company’s platform promises real-time analysis of an audio clip, which allows fast and easy searching of content. The metadata it applies to each audio clip guides the creation of audio streams personalized to a listener’s preferences and patterns. Continue Reading