Disney announced that it is closing 23 of its 24 terrestrial stations, laying off nearly 200 people in sales and operations. The reason is massive migration of listening from terrestrial signals to streaming platforms. Click through for the internal memo. Continue Reading
Reading that automaker BMW eliminated AM terrestrial reception from one of its new car models was a “Hold everything!” moment. The hazy future of AM is generally troubling to someone of a certain age, who grew up listening pretty evenly to the AM and FM sides of the dial. But there is something more sharply distressing in seeing AM ripped out of a car, laregly because of the baseball connection. Continue Reading
Continuing the rollout of semifinalists in the Fifth Annual RAIN Internet Radio Awards, today we are pleased to announce the six webcasts moving into the semifinal round of the Streaming Broadcast Station category. The single winners of all five categories will be revealed and honored at RAIN Summit Indy, September 9, in Indianapolis. Continue Reading
Pandora CFO Mike Herring answered questions in front of investors at the Oppenheimer 17th-annual Technology, Internet & Communications Conference on Wednesday. P stock rose over 10% during the day, probably due less to Herring’s remarks than to investment house Stifel issuing a Buy rating for Pandora. Meanwhile, Mike Herring delivered his talking points in response to 32 minutes of questioning about audience size, ad sales, and music licensing. Continue Reading
NuVoodoo Media Services released new research that found Pandora and broadcast radio may have a more symbiotic relationship than expected. The survey of 1,100 in the PPM markets revealed that 62 percent of the Pandora users listened to the online radio service for at least half an hour per day, and 56 percent of Pandora users spent that much time listening to broadcast radio. Continue Reading
New Nielsen research focused on the role Asian-American listeners play in digital music. Spotify was more popular in this demographic than in the general population, by a margin of 14.4 percent to 7.6 percent. Many listeners also gravitated toward services… Continue Reading
Spotify announced a new partnership with BandPage that will integrate a digital storefront to artists’ presence on the streaming platform. Musicians will have an option to sell their BandPage merchandise and show tickets, or promote unique fan experiences, from their artist pages on Spotify. The new feature is free for the artists to use, and could be a way for them to turn the streaming service into a hub for fan engagement and revenue. Continue Reading
RAIN Summit Indy is around the corner, and we booked some phone time with keynoter Darren Davis, president of Clear Channel Networks. Following are excerpts from a conversation with the irrepressibly enthusiastic Mr. Davis — about integrated advertising, iHeartRadio, and his commitment to Clear Channel. Continue Reading
Pono Music already has more than $6 million at its disposal from Kickstarter, but Neil Young and company are looking to raise more with a slightly different crowdfunding approach. This time they’re using Crowdfunder, which is an equity crowdfunding platform. Pono is looking to raise $2.5 million, and they’ve already received $1.43 million in commitments. Continue Reading
Google Play Music All Access announced another big international push, rolling out the service to nine more countries. Hot on the heels of an expansion in July, the streaming platform made further inroads into South and Latin America. With today’s launches, Google’s streaming product is now available in 43 countries. Continue Reading
On September 9 in Indianapolis, a highlight of RAIN Summit Indy will be the announcement of five winners in the fifth annual RAIN Internet Radio Awards. Today we are pleased to introduce the semifinalists in the Best Single Stream Webcaster category, one of five which accepted nominations. Continue Reading
As in previous years, webcasting inched backward in June by three percent in Triton Digital’s Webcast Metrics Top 20 Ranker. Across the top-20 cohort total listening dropped three percent from May to June. Pandora lost ground and ESPN gaines. Click through for RAIN’s analytical charts. Continue Reading