Sony has released its latest quarterly earnings. In its fiscal Q1 (calendar Q2), Sony’s revenue from recorded music and music publishing reached 121.3 billion yen ($1.11 billion), with operating income of 32.1 billion yen ($294.3 million). Continue Reading
Pandora is taking the next step with its programmatic advertising strategy. After announcing the beta launch of a private programmatic marketplace in February, the audio company has now opened up the exchange to general buying. Continue Reading
Troy Carter will be departing his position as global head of creator services at Spotify in September. He will remain with the streaming service in an advisor. Continue Reading
The parent company of Universal Music Group has been considering options for its next steps with the major label, and has landed on the decision for a sale. French media conglomerate Vivendi has announced that it plans to sell half of UMG and is seeking potential strategic partners. Continue Reading
Amplifi Media CEO Steve Goldstein reflects on last week’s Podcast Movement conference, and a list of interesting takeaways. One key fact: More than four out of five people do not listen to podcasting weekly. Upside? Yes, and also challenges. Continue Reading
Spotify’s UK team has promoted Austin Daboh to head of shows and editorial, as well as promoting a new team lead for the unit. Daboh’s new position fills the vacancy left by George Ergatoudis’ departure last month. Continue Reading
iHeartRadio has launched a new music discovery feature called Your Weekly Mixtape. The playlists can contain 30-75 songs, refreshed every Monday. The blog post announcing the feature notes that the playlists will also include “new releases and personalized trending music.” Continue Reading
SoundExchange distributed $208.7 million in sound recording performance royalties during the second quarter, bringing its 2018 distributions to date to more than $398.6 million. The performance royalty distributor had several other noteworthy activities in the period that it shared in its most recent report. Continue Reading
James Cridland’s Future of Radio is a column by the Australia-based radio futurologist. THIS WEEK: A wrap-up from Podcast Movement, best practices for street teams, and talk radio in Australia. Continue Reading
Streaming has continued to grow in popularity in France. The country’s domestic music industry body, SNEP, released a report on the first half of 2018, which found on-demand streams up 39% to 27 billion for the period. Continue Reading
Brief news items and worthy reads from around the web: Examining a decidedly modern YouTube radio trend. Is Michael Barbaro the next Ira Glass? Shifting strategies at a streaming-only label. What is the future of music videos? Continue Reading
Anchor has unveiled an audio production space in New York City, adding yet another component in its unique approach to podcasting. The company’s Anchor Podcast Lab is a space in Manhattan that any podcaster can use to record their shows. Continue Reading