In this week’s earning call (see RAIN News coverage here), Sirius XM CEO James Meyer and CFO David Frear answered investor questions about connected cars, online streaming, and the recently settled pre-1972 lawsuits. Continue Reading
Even a cursory glance at the music industry headlines and market research will show that mobile is the wave of the future. We communicate, we entertain ourselves, everything happens on smartphones. In response, we’ve been seeing a surge of startups and programmers exploring just what the mobile music space might look like. This morning I explored an entry into the field of mobile apps for social music. This one is called Cymbal. Continue Reading
Cumulus/Westwood One leveraged Amazon Prime Day by commissioning an Ipsos study of advertising effectiveness in promoting the event. With the result favoring traditional radio ads, the survey turned a pure digital story into a testimonial of analog reach and power to drive consumer action. Continue Reading
BPI and the Official Charts Company reported that weekly audio streams in the UK have exceeded the 500 million milestone. It’s the first time to reach that metric. The country is now forecast to reach 25 billion audio streams by the end of the year. Continue Reading
Samsung has entered into a partnership with Google Play Music, offering the owners of Galaxy S6 and S6 Edge devices a free subscription to the service for six months. This new arrangement means the end of Samsung’s bundle with Deezer, which gave six months access to the Premium+ plan. Continue Reading
Apple Music has reportedly signed up more than 10 million people in its first month. The data point comes from Hits, which credited unnamed sources from major labels. Apple Music is still in its free trial stage for any listeners, so these alleged millions haven’t yet paid for the service. Continue Reading
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The weekly update of the streaming audio industry, from RAIN News. THIS WEEK: Scripps acquires Midroll Media in first-ever deal of its kind; more. Continue Reading
“I’m looking forward to discussing our strong quarter, and the progress we’ve made across several business initiatives.,” said Brian McAndrews, CEO of Pandora, to start the Q2 earnings call. By any reckoning the call was a success, and for the first time in several quarters, the stock price responded with an upward swing in after-hours trading. Continue Reading
We learned recently that the official YouTube Music Key launch has been postponed, and two new rumors circulating about the popular video platform could provide some insight as to why. First, there has been speculation that YouTube is aiming to make Music Key part of a bigger subscription video service, positioning it as a rival to Netflix and Hulu as well as to music-centric streaming platforms. The second rumor is that music labels may be questioning the current status quo of YouTube’s ad-supported model. Continue Reading
Brief news items and worthy reads from around the web. TODAY: Spotify’s tweet sets calculators going; commentary on Neil Young; Apple Music commercials. Continue Reading
The IFPI has another half-year report, this one from its Finnish branch. Total recorded music revenue increased 0.5% for the first half in Finland for a total of €15.12 million. Subscription streaming posted the most growth, up 39.9% to €8.95 million. Continue Reading
The Download on Podcasts is a weekly feature sponsored by PodcastOne.
It seems simple in podcasting. The host reads and riffs on a sponsorship message, both elucidating major product points and offering personalization that could extend to a personal endorsement. Sounds a lot like what terrestrial radio has been doing for decades. It gets more complicated with public radio, though.
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