In what will likely be one of its last moves as their owner, Aspiro has combined hi-res streaming services WiMP and Tidal into a single entity. Both platforms will operate under the same Tidal brand name. Tidal and WiMP services were initially owned by Aspiro, but in recent weeks the platforms were purchased by rap and business icon Jay-Z. Continue Reading
Hungama, one of India’s home-grown streaming services, is looking to raise more than $100 million. The company is reportedly in negotiations with Intel Capital and Bessemer Venture Partners, both of which have been involved in previous Hungama investments. Continue Reading
Tidal has introduced its high-def music service in France. The streaming platform is now available on the French versions of the App Store and Google Play. Subscribing costs €19.99 a month. Continue Reading
Recorded Music New Zealand shared an update on the 2014 music industry in New Zealand. During the year, music revenue totaled NZ$66.2 million. Streaming’s share of the revenue pie rose from 9% in 2013 to nearly a quarter in 2014. Continue Reading
Joan Warner, Asia PacifIc Chair of WorldDMB and Commercial Radio Australia CEO, recently gave a keynote address the Digital Broadcasting Symposium in Kuala Lumpur, Malaysia, about the need for a transition to digital or HD radio. “Streaming does have a… Continue Reading
Two experts from the European Broadcasting Union wrote an article for Radio World about some of the ideas that have emerged as central components of successful digital radio adoption. David Fernández Quijada, senior media analyst, and head of radio Christian Vogg dubbed those common threads the “five Cs” formula. Continue Reading
The recorded music industry in Denmark posted a record year on the back of a 50.5% increase in revenue from streaming services. With streaming accounting for 58.5% of the market’s total revenue, that boost helped secure industry growth of 1.8% for the year to 437 million Danish kroner (about $66.5 million). Continue Reading
Finland’s recorded music market followed the global trend in 2014, with an overall decline partially offset by gains in streaming revenue, according to data from IFPI. The total industry income for the year was €35.9 million, down 14% from 2013. It was the first year where digital properties edged out physical formats, accounting for 51% of the year’s revenue. Money from all streaming services rose 38% from the previous year to €16 million. Continue Reading
Japan’s recorded music industry declined by about 4.5% last year to approximately 297.5 billion yen (€2.2 billion), according to initial data from the RIAJ. It’s the first time the nation’s music market has fallen under 300 billion yen since the… Continue Reading
Spain’s music industry association Promusicae revealed that the nation’s music market grew about 21% to more than €149.9 million last year. It was the first year since 2001 with an uptick in sales. A large portion of that growth came from streaming services, which contributed €47.2 million in revenue. Continue Reading
Le Syndicat National de l’édition Phonographique, better known to non-French speakers as SNEP, revealed that France’s recorded music market revenue fell 5.3% last year to €570.6 million. Revenue from physical formats dropped 11.5% to €325.3 million. Continue Reading
Rdio announced an update to its service in New Zealand, opening up free ad-supported Internet radio to listeners in that country. The updates are available on the Rdio app and website in the New Zealand market. Continue Reading