Sonos made its debut on the Nasdaq Stock Exchange today, and the wireless speaker company is reporting modest gains on its first day. In a very special nod to the company’s skills in audio engineering, Sonos spearheaded creating a new opening bell for the exchange. Continue Reading
Podcast publisher Cadence13 announces that Origins, a long-form (seriously, LONG form) podcast hosted by author and journalist James Andrew Miller is set for a second slate of three chapters. If that seems short for a season, you need to know that a “chapter” typically contains six episodes, each longer than an hour. Continue Reading
DAX, the UK-based digital audio advertising platform, announced the launch of a strategic sales division in the United States. It also hired Ryan Rose to lead this division as director of sales and partnership development. DAX shared details with RAIN. Continue Reading
Music piracy in the UK is on the decline thanks to the easy access and availability of streaming services. That’s the takeaway from a new report from YouGov, which found that just one in 10 people in the UK are using illegal downloads. Continue Reading
Deezer has raised €160 million from a mix of new and ongoing investors. The deal brings the Paris-based streaming company’s total valuation to €1 billion. In addition to the fundraising, Deezer and Rotana have inked a deal that will see Rotana’s digital audio and video content distributed through the Middle East and North Africa. Continue Reading
The rapid-fire journey for Musical.ly, a short video and lip sync app, is coming to an end. The app is getting merged with TikTok, a similar program from the portfolio of its Chinese parent company Bytedance. Both video apps are now available exclusively under the TikTok name. Continue Reading
Zeno Media, an aggregator of broadcast stations specializing in niche a diaspora communities, has launched a new strategic thrust with an agreement with about a dozen Haitian radio brands. Those stations are bundled into an app which provides streaming, Call-to-Listen (Zeno’s founding technology), on-demand content, subscription options, and intellectual property protections. Continue Reading
We received a note from Earth Rangers, a Canadian organization seeking to activate kids’ interest in conservation, about a new podcast called The Earth Rangers Podcast. Three business entities are involved. Continue Reading
If you weren’t able to attend Podcast Movement in Philadelphia, you can still catch up on a few of the top takeaways from the keynote by Edison Research SVP Tom Webster. The talk, titled The Next Frontier in Podcasting: 100 Million Listeners, explored the gap between the high rates of people who are familiar with the term podcasting and the lower rates of people who have actually listened to a show. Continue Reading
Australia’s government is considering new rules that would set quotas for supporting domestic artists on both broadcast radio and streaming music platforms. The Australiasian Performing Right Association (APRA AMCOS) and the Australian Recording Industry Association (ARIA) appeared before a Senate inquiry in support of setting a 25% quota of Australian content. Continue Reading
Apple has released yet another quarter of big financial results, but its fiscal Q3 report also included some notable milestones for its streaming music service. “We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” CEO Tim Cook said. Continue Reading
“We’re still in the early innings and the market is growing rapidly,” said Pandora CEO Roger Lynch at the top of yesterday’s Q2 earnings call. He deployed the “early innings” metaphor in Q1 also. This time, Wall Street took a swing at that pitch, sending P stock up 20% in Wednesday morning’s early trading. Continue Reading