WideOrbit announced that regional radio operator Cherry Creek Media is now using its WO Streaming platform to offer online audio streams of its broadcast content. Cherry Creek Media owns and operates 52 radio stations in the western United States. Continue Reading
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
James Cridland’s Future of Radio is a column by the Australia-based radio futurologist. THIS WEEK: The latest updates from the audio industry in Austria, Africa, Afghanistan, and more. 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
The Music Modernization Act, a move to overhaul several federal laws for music licensing, has been making slow and steady progress through Congressional committees. Now, some proposed changes have fractured the near-universal support the Act initially commanded from songwriters, streaming companies, and other industry groups. Continue Reading
Acast has released another round of data about podcast listeners and advertising. The Acast Audio Intelligence Report reviews spending habits for podcast listeners in the U.S. and UK. The two markets showed marked similarities in both demographic details and in reactions to podcast ads. Continue Reading
AdsWizz has launched a Podcast Platform Partnership Program that will offer participants tools for rapidly increasing revenue growth and reducing expenses with their podcasting efforts. The digital audio advertising specialist’s suite of monetization services include ad insertion, ad targeting with its AudioServe, and ad buying with its AudioMax supply-side provider. Continue Reading
As podcasting grows in popularity and audience size, more platforms are emerging to aid with discovery. Wilson is a discovery tool inspired by both magazines and Longreads, a curated website for longform articles. 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
Nielsen has released a new report, the Marketer’s Guide to Podcasting, investigating purchase habits among podcast listeners. Overall, the top product purchase annually for podcast fans is snacks, commanding $10.8 billion. Pet food, paper products, cheese, and bread & baked goods were the other top categories. Continue Reading
EmpireStreaming has unveiled Podium, its full-service podcast CMS. The tool allows podcasters of any size to create revenue streams thanks to EmpireStreaming’s partnerships with ad insertion companies such as AdsWizz. Continue Reading