“We’re invested in the long-term and I could not have more conviction about the ability of Pandora to lead the future of music,” CEO Brian McAndrews said in announcing the company’s financials for Q4 and FY 2015. Revenue for the quarter reached $336.2 million, up 25% from the year-ago period. Continue Reading
The UK is getting a second national DAB digital radio multiplex network on Feb. 29. The network is coming courtesy of Sound Digital, a joint venture formed by Arqiva, Bauer Media, and UTV Media in 2014. Three of the channels will be using the DAB+ standard. Continue Reading
Brief news items and worthy reads from around the web: Spotify’s programmatic plans; when companies sponsor podcasts; Sonos taps into neurological research. Continue Reading
TuneCore’s artists eared more than $142 million in 2015 thanks to a 47% increase in publishing revenue and a 57% spike in sync revenue. The full-year figure was up 7% over the clients’ earnings in 2014. Continue Reading
Vevo has updated its apps for multiple channels, furthering its efforts to become a standalone entity separate from YouTube. It updated its apps on Android and Apple TV with an eye toward increasing personalization, curation, and discovery. Continue Reading
Global revenue from mobile app stores is projected to reach $50.9 billion this year, according to a new report from App Annie. That would mark 24% growth over the $41.1 billion in gross revenue from 2015. Continue Reading
MixRadio has signed on to use the Digital Audio Exchange (Dax) run by UK media company Global. The streaming audio platform will use Global’s exchange to monetize its inventory. Dax was created in 2014 as a hub for direct and programmatic advertising. Continue Reading
This week in 2010, Spotify was still 18 months away from opening in the U.S., and music subscription streaming had not caught the imagination of American consumers. We throw back to pundits wondering whether “renting” music would ever catch on. Continue Reading
Edison Research presented new research at the Country Radio Seminar in Nashville this week. The slide presentation is a dazzling, Star Wars-influenced “Ear Wars” show complete with deep-space Lucas-style video backgrounds. Within, Edison reveals new numbers from its ongoing Share of Ear study. Continue Reading
TagStation announced that its NextRadio app saw overall listening increase 334% in 2015. “All of this progress supports the fact that consumers are finding value and a unique experience in the NextRadio app,” NextRadio President Paul Brenner said. Continue Reading
Last year marked the beginning of a trend toward music players attempting to create a platform-agnostic listening experience, a single service where you can pull songs from all around the web to get the most comprehensive library possible. The first wave of those platform-agnostic apps has largely fallen silent, but the latest to try a hand at it is Soundsgood. Continue Reading
A large swath of streaming platforms have been hit with another lawsuit over pre-1972 royalties. The plaintiff is Ricky Spicer, a member of the group Ponderosa Twins Plus One, and he is seeking class action status for his case against Spotify, Apple, Google, SoundCloud, iHeartMedia, Pandora, and Sony Computer Entertainment. Continue Reading