Tencent Music appears to be moving forward with plans for an IPO in the United States later this year. The Wall Street Journal (paywall) reported that Tencent Music will start interviewing underwriting banks over the next month. Sources predicted that the company could be valued at $25 billion on a U.S. stock exchange, which would make it the fourth-largest tech IPO in the country. Continue Reading
James Cridland’s Future of Radio is a column by the Australia-based radio futurologist. THIS WEEK: In the UK, Bauer’s new national radio station. In the U.S., statistics and trends from Podcast Consumer 2018. Continue Reading
IFPI reported that streaming music helped drive growth for India’s music industry in 2017. Total music revenue in the country rose from 5.7 billion rupees in 2016 to nearly 7.26 billion rupees last year. Streaming music revenue grew by 37.26%. Continue Reading
Podcasts are taking the world by storm. The Weather Channel has announced that it is debuting its first podcast next week. The program, Weather Geeks, is hosted by former American Meteorological Society president Dr. Marshall Shepherd. Continue Reading
The New York Times is hosting its first-ever Student Podcast Contest. The publication presented the contest as a way to incorporate audio narratives into a classroom setting. The official announcement of the contest is expected next week, but some preliminary details are available. Continue Reading
iHeartMedia has hired Justin Nesci for the newly created role of executive vice president of advanced audio and data revenue. In this position, he will be responsible for data-driven, audio strategies for a range of the company’s platforms. That will include the SmartAudio platform, a programmatic ad tool for delivering targeted messages to listeners. Continue Reading
Podcasting has come a long way in attracting a dedicated, passionate audience with several unique traits, but there is still progress to be made in reaching the mainstream American listener. That’s the narrative laid out today in the Podcast Consumer 2018 report from Edison Research and Triton Digital. Ever the congenial host, Edison VP Tom Webster presided over the presentation. Continue Reading
ASCAP reported that it distributed more than $1 billion to its members for the first time in 2017. The performing rights organization collected revenue of about $1.144 billion and distributed more than $1.007 billion last year. The group’s total revenue was up 8% on-year and distributions increased 10%. Continue Reading
MIDiA Research has shared its 2017 figures for the global recorded music market, and its results show a big year of growth thanks to a powerful performance from streaming. Global recorded music revenue hit $17.4 billion during 2017, up 8.5% from $16 billion in 2016. The year’s performance returns the global market to just below its levels from 2008. Continue Reading
Classical music streaming company Idagio has inked a deal to add Warner Classics’ catalog to its service. The Warner music, including new releases and its back catalog, will join the more than 650,000 tracks already available on Idagio. Warner Classics will also help create playlists for listeners that feature its material. Continue Reading
The NPR family has lost one of its icons. Carl Kasell passed away at age 84 from complications related to Alzheimer’s disease. Kasell spent much of his life working in radio and broadcasting, and he joined NPR in 1975. Continue Reading
Spotify is soon to join the quarterly routine of reporting its business to U.S. and global investors — the Q1 date is May 2. Meanwhile, an April 24 media news event in New York is tickling rumors of changes to the Spotify free service, and its app interface. Continue Reading