UK

Spotify UK turned a profit in 2013 on increased subscriptions

Posted on by RAIN News Staff

Spotify UK saw impressive growth in revenue for 2013 thanks to a 42% spike in subscriptions. The company credited its partnership with Vodafone, which led to the inclusion of Spotify in new customer bundles, and the launch of a student discount with the jump in paid plans. Total revenue for the UK subsidiary increased 40% to £131.3 million for 2013. Profit that year totaled £2.5 million, compared with a loss of £11 million in 2012. Continue Reading →

UK sees six-year low for digital radio sales

Posted on by Anna Washenko

UK media regulator Ofcom found a 9.1% decline in digital audio broadcasting sets sold in the year ending in June. The annual digital radio report revealed that at 1.7 million sets, the past year had the lowest number sold since at least 2009. The report also showed flat performance for digital radio’s share of all radio listening, holding steady at 36.8%. Its findings for the popularity of digital radio indicated that the UK listeners are scattered in their preferences. Continue Reading →