Amazon released its second-quarter financial results, and the company continues to amass enormous windfalls from across its diverse range of products and services. Alexa was a key factor in the conglomerate’s business updates from the period, and will likely continue to be a focus in their financial success too. Continue Reading
Mitch Barns will retire as CEO of Nielsen at the end of 2018. He has been with the consumer behavior and analysis company for more than two decades, and has held roles in multiple parts of the business. Continue Reading
Amazon is launching a feature called Alexa Cast that will allow smartphone controls for devices enabled with its voice-activated technology. That includes both speakers from its Echo product line as well as devices from other hardware companies that integrate Alexa. Continue Reading
Spotify has shared its results for the second quarter of 2018, and the period yielded several positive figures for the streaming company. Quarterly revenue reached €1.273 billion, up 26% on-year. Premium listeners delivered most of that total. Continue Reading
In our third year covering Podcast Movement’s gathering of creators, we saw a growing seriousness and increased emphasis on professionalization. In discussions with speakers and attendees, we heard a new balance of hope and realism. Continue Reading
WideOrbit announced that regional radio operator Cherry Creek Media is now using its WO Streaming platform to offer online audio streams of its broadcast content. Cherry Creek Media owns and operates 52 radio stations in the western United States. Continue Reading
Austria reported growing revenue from streaming in the first half of 2018. Total revenue for the period reached €53.5 million. It was also the first time the domestic market saw greater revenue from digital sources than from physical. Continue Reading
James Cridland’s Future of Radio is a column by the Australia-based radio futurologist. THIS WEEK: The latest updates from the audio industry in Austria, Africa, Afghanistan, and more. Continue Reading
Sirius XM reported its Q2 2018 financial results, marking another successful period for the satellite radio business. Quarterly revenue rose 6% to $1.4 billion. Net income totaled $292.3 million, or 6 cents per diluted share, up from $202.1 million, or 4 cents per diluted share, in the year-ago period. Continue Reading
Sonos, the wireless speaker company, is setting its sights on an initial public offering of $105 million. The company filed paperwork this spring in order to pursue an IPO, although no date has been set at this time. When the offering happens, though, Sonos will make 5.55 million shares available at a price range between $17 and $19 per share. Continue Reading
The Music Modernization Act, a move to overhaul several federal laws for music licensing, has been making slow and steady progress through Congressional committees. Now, some proposed changes have fractured the near-universal support the Act initially commanded from songwriters, streaming companies, and other industry groups. Continue Reading
Acast has released another round of data about podcast listeners and advertising. The Acast Audio Intelligence Report reviews spending habits for podcast listeners in the U.S. and UK. The two markets showed marked similarities in both demographic details and in reactions to podcast ads. Continue Reading