Spotify announced that it has surpassed 70 million subscribers. The news came in a tweet from the streaming company on Thursday afternoon. That’s an exciting milestone with a direct listing in the works, but the departure of Chief Content Officer Stefan Blom could give investors pause. Continue Reading
Edison Research, the leading consumer research organization for understanding how Americans listen to audio, has greeted the new year with three growth announcements. A slew of promotions creates a larger executive team. Newly hired staff is on board to accommodate Edison’s growing research clientele. And the company has purchased office space which doubles its square footage. Continue Reading
Jimmy Iovine may be departing Apple this year. Sources told Billboard that the long-time music executive plans to leave in August 2018 when his shares in the tech company have fully vested. Apple has declined to comment on the rumors. Continue Reading
Roku is elbowing its way into the voice and smart speaker space. The company, best known for its streaming video set-top boxes, announced that it plans to launch its own voice assistant this year. Also, Roku said it is expanding its licensing program to include soundbar and smart speaker manufacturers. Continue Reading
Nielsen’s 2017 report reflects the same trends that were highlighted by researchers and big data throughout the year. Streaming is becoming ever-more securely entrenched as the foundation for today’s music industry, with growth in both consumption and sales. Continue Reading
Mark Mulligan of MIDiA Research reflects on the two Spotify developments that dominated yesterday’s headlines. First, the streaming service has taken its first strides toward launching a direct listing. Second, Spotify was sued by music publisher Wixen. Is the listing in trouble? Continue Reading
BuzzAngle Music has shared its music consumption data for 2017. The number of on-demand audio streams reached a new record high, up 50.3% to 376.9 billion, including both subscription and ad-supported streams. Subscription streams were up 57.5%, while ad-supported streams grew just 27.3%. Continue Reading
Some Sirius XM subscribers have been informed that their subscription costs will go up starting in mid-February. The price hike is attached to a Music Royalty Fee already paid by some accounts. Continue Reading
Podcast measurement firm Podtrac has revised two of its Podcast Industry Ranking charts for November audience size, citing IAB podcast measurement guidelines. The action removed iHeartMedia from the Top 10 Podcast Publishers chart, and the Top 10 Snackable Podcasts chart (formerly Top 15 Snackable Podcasts). Continue Reading
Facebook is moving full steam ahead in expanding its music team. The social media company has added three more people to that department, continuing the extensive number of hires made during 2017. Continue Reading
One of the perpetual stories that kept appearing in out 2017 headlines was the lingering question of Spotify and its plan for an IPO. The signs had pointed toward the streaming service pursuing a direct listing. Now, news has emerged that Spotify filed the confidential documents with the SEC to begin the IPO process in the final days of December. Continue Reading
The UK saw its total music sales increase 9.6% between 2016 and 2017, reaching a total of £1.2 billion, according to the Entertainment Retailers Association. Streaming was a key factor in the positive performance thanks to 41.9% growth in sales. Continue Reading