Sonos nearly breaks even in Q4, setting the stage for big moves in 2019

Sonos posted positive results for its fiscal fourth quarter, and Wall Street celebrated the news. The audio company makes wireless speakers and is quickly asserting expertise in mid-tier and high-end smart speakers. The newly launched Sonos Beam in particular boosted the company’s performance, and investors boosted stock prices 20% in after-hours trading. Continue Reading

Universal Music sees another quarter of streaming growth, with Liberty Media considering acquisition

Universal Music Group has reported its earnings for the third quarter as rumors swirl that the major label could be moving toward a sale. Revenue rose 13.5% on-year to €1.495 billion ($1.732 billion) for the period. Parent company Vivendi said in the earnings update that it is in talks with about 15 banks, looking for assistance in finding a strategic partner for the major label. Continue Reading

Mark Ramsey / Wondery launch new “inside” podcast with Coca Cola, all revenue to charity

Radio Consultant and podcast producer Mark Ramsey has created another “Inside” podcast — People Like Us: Inside Philadelphia — distributed by Wondery and sponsored by Coca Cola. All revenue from the show, which documents the making of the Tom Hanks movie about living with HIV, will be donated to an HIV/AIDS non-profit. Continue Reading

Report: 1 billion devices support voice assistants as U.S. consumer base continues to grow

Voice assistants and smart devices are one of the hottest topics for the audio industry, and a new report from Voicebot.ai, PullString, and the RAIN Agency traces the trend’s progress. According to the report, voice assistants have moved out of their first phase, marked by availability across platforms and languages and access to core features. It suggested that the second phase of voice will be marked by more nuanced features, use in more contexts, and availability on more connected devices. Continue Reading