Sirius XM has reached a settlement with SoundExchange, ending outstanding claims surrounding royalty payments from January 2007 through December 2017. SoundExchange claimed that Sirius XM had taken deductions and exemptions in calculating its royalty payments. The satellite radio company will make a lump sum payment of $150 million to SoundExchange. Continue Reading
PwC has yet more insights on the podcast industry, this time focused on Australia. The PwC Australian Entertainment and Media Outlook projected that the nation could see an 85.9% revenue increase over the next five years. Continue Reading
Digital audio advertising platform TargetSpot announced today the opening of an office in Toronto, as it continues a global expansion. The Canadian office is in Toronto, and the recently hired Nora Wallace has been appointed to lead it as Sales Director. Continue Reading
Cadence13 is partnering with Complex Networks for the publisher’s first podcast network. The media company will launch podcasts to accompany some of its popular YouTube shows, beginning with Hot Ones and Everyday Struggle. Continue Reading
Pew Research Center has published its latest data on public media audience, including NPR, American Public Media, and Public Radio International. For most metrics, the three public media houses saw little to some growth, although NPR’s digital platforms continue to be top performers. Continue Reading
Google appears to be preparing for a launch of its own internal podcast app. 9to5Google found a hint of what’s in store in the code for version 8.7 of the Google app, which includes a prompt asking users to “Get the Google Podcasts app.” Continue Reading
In an industry report that dramatically raises revenue expectations for podcasting. We dive into the details and explain why they’re important. Continue Reading
James Cridland’s Future of Radio is a column by the Australia-based radio futurologist. THIS WEEK: James’ article questions the possibility of an all-IP media future. Also new NPR audience numbers and more from the audio industry. Continue Reading
Earlier today London-based podcast company audioBoom announced it has obtained funding of 4.5-million GBP to solidify its operating future and strategy. We reached out to Chief Operating Officer Stuart Last for more details. The Q&A which unfolded is quite interesting, and portrays a company keen to execute a programming strategy along three key lines of business. Continue Reading
Kobalt’s AWAL recorded music division has acquired in2une Music, a multi-format radio promotion specialist for indie artists and labels. The company, which also offers services in playlisting, social & digital strategy and campus promotion, has been used by breakout performers such as Chance the Rapper, Lindsey Stirling, and Major Lazer. Continue Reading
Apple Music has hired more talent away from the BBC. Ryan Newman has left his role as the editor of hip-hop and grime station BBC 1Xtra, where he spearheaded the channel’s music strategy. Now he’ll be joining the hip-hop team at Apple Music. Continue Reading
Napster President and CEO Bill Patrizio gave a keynote talk at the Midem conference, offering his insights on the streaming service’s internal plans and the broader streaming economy. He acknowledged that the company didn’t plan to tackle the current market leaders head on, but would continue pursuing other, innovative approaches to music, such as running streaming services for other brands and businesses. Continue Reading