Within ad-supported audio, podcasting has greater “share of ear” than Spotify/Pandora (Edison)

Pierre Bouvard, Chief Insights officer at Westwood One, is back at it in the company blog, divulging results of the subscription Share of Ear consumer survey conducted by Edison Research. One of Bouvard’s key points in this latest blog post is the time-spent leadership of podcasting over ad-supported Spotify Free and Pandora. Click through for that infograph, and more. Continue Reading

In startling reversal, AccuRadio moves to radio, citing high music royalty costs

AccuRadio, one of the two leading brands of pureplay online radio in the U.S., has stunned the online audio business community by announcing that it is switching to broadcast radio distribution. The change will occur on April 5. In an aggrieved press release the company cites high royalty costs, and says it can find greater profitability in AM radio “playing up to 22 minutes of commercials per hour.” Continue Reading

Spotify acquires Betty Labs, creator of live social audio, elbowing into Clubhouse’s space

Spotify has announced its acquisition of Betty Labs, a tech startup which build Locker Room, a live audio conversation space for sports fans. The company says the grab will “accelerate Spotify’s entry into the live audio space.” Other remarks from Spotify sound like a plan to eat Clubhouse’s lunch. Continue Reading

Mechanical Licensing Collective hires three execs

The Mechanical Licensing Collective (MLC), the government-appointed and regulated agency for collecting and distributing blanket compulsory mechanical license for digital music services, has hired three new executives. The MLC was formed from the Music Modernaization Act of 2018. Last month the unit received a first stash of $424-million in royalty payments from Apple, Spotify, Google, Pandora, and 15 other streaming entites for distribution.  Continue Reading

Newly named Audacy app leaps into action with exclusive binge release of new podcasts

Audacy, the new branding of both Entercom radio group and its RADIO.COM listening app, is pushing its new identity into the public sphere today by announcing the two new podcasts from subsidiary Pineapple Street Studios. The shows will enjoy exclusive full-series binge listening on Audacy, while outside podcast apps will distribute normal RSS feeds on a weekly cadence. Continue Reading

Libsyn raises $25M and will acquire AdvertiseCast

Libsyn, one of the world’s largest podcast hosting companies, announces today that it will acquire AdvertiseCast, a podcast ad planning and buying platform. The purchase is supported by $25-million in funds that the publicly traded company raised privately. While this funding is apparently motivated chiefly to enable the AdvertiseCast purchase, the investment is also intended “to provide Libsyn with additional capital for other strategic acquisitions.” Continue Reading