Sirius XM released its fourth-quarter financial results. Total revenue in Q4 was nearly $1.5 billion, up from $1.4 billion. Quarterly net income reached $251 million, compared with a loss of $37 million in the year-ago period. Continue Reading
Apple Music is pursuing new partnerships to bring the streaming service to new audiences. The latest tie-up will give Apple Music subscribers access to their music on American Airlines flights without needing to purchase WiFi. Continue Reading
YouTube announced that its music service is now available on Sonos speakers. The integration is rolling out in all markets where YouTube Music and YouTube Music Premium are available. Continue Reading
SoundExchange released the details of its artist payouts in 2018. The company distributed more sound recording performance royalties to artists and rightsholders during 2018 than it did in any previous year. The annual total was a record-high $953 million. Continue Reading
Steve Pratt of Pacific Content shares his thoughts on podcast scaling: One group of podcast producers aren’t just creating value for themselves. They’re helping to grow a lot of new listeners for the entire industry. Continue Reading
Cadence13 and Tenderfoot TV, the production team behind Up and Vanished, have entered a partnership for a new slate of podcasts. The deal covers six shows that will expand on Tenderfoot TV’s existing expertise in the true crime space. Continue Reading
Rhapsody International announced that it has hired Angel Gambino as its new chief commercial officer. In this role, she will be responsible for leading the business development, marketing, product, and partner management teams for Rhapsody in North America, Europe, and Latin America. Continue Reading
Apple hosted its quarterly earnings call yesterday. The tech giant reported more massive numbers in its fiscal first quarter, although a few segments did post declines. Quarterly revenue dipped 5% on-year, but still reached a whopping $84.3 billion. Continue Reading
Pandora’s shareholders have approved a big change to leadership, a move that will see new owners Sirius XM exerting much more control over the audio company. The January 29 meeting saw stockholders approve the all-stock acquisition of Pandora by Sirius XM. When the buyout closes, several high-ranking officials will leave Pandora, including CEO Roger Lynch. Continue Reading
Panoply announced that its Megaphone podcast platform has been integrated with Google Campaign Manager. The Google tool helps advertisers and agencies to manage digital campaigns for websites and mobile through ad serving, targeting, verification, and reporting features. Continue Reading
A German court has issued a ruling against a stream-ripping site. ZeeZee sought out user-requested tracks in online radio streams and then made copies of those songs available for download. Universal Music Group brought a lawsuit against ZeeZee in 2014 and successfully won an injunction against the site from Regional Court of Hamburg. The same decision was reached by the Appeal Court of Hamburg following an appeal from ZeeZee earlier this month. Continue Reading
BBC Sounds is the latest effort by the BBC to reach a broader and younger audience in the digital market. However, the mobile app has been raising eyebrows and questions among users since its launch. A recent dust-up around one of its podcasts being announced as exclusive to BBC Sounds has put the broadcaster on the defensive. Continue Reading