Digital rights agency Merlin has posted the results of its 2017 member survey, reflecting a snapshot of the independent music label industry. Merlin’s revenue distributions have increased 52% year-on-year to $353 million. That marks an eightfold spike in member payouts within the past four years. Continue Reading
ABC Radio announced that it has entered a collaboration with Spotify to create a podcast called Brilliant Minds. In addition to the joint project, ABC Radio podcasts hosted by the network’s anchors, correspondents, and contributors will now be available on Spotify via a non-exclusive agreement. Continue Reading
The news of Sirius XM’s $480 million in Pandora wasn’t the only big development for the audio company today: Pandora has sold Ticketfly to Eventbrite for $200 million. Here, we also get a little more insight into what the outlook is within Pandora, both on the recent business activities and on its future direction. Continue Reading
Pandora and Sirius XM are getting closer ties at long last, but it’s not quite the same relationship the parties were initially planning. Sirius XM has agreed to invest $480 million in Pandora. This investment causes a ripple effect, changing some other business avenues that Pandora had also been considering. Continue Reading
Universal Music Group announced a new hire for its digital efforts. The label has brought on Tuhin Roy for the newly created role vice president of new digital business. In this position, Roy will work to forge partnerships with start-ups in the early-stage digital media sector. Continue Reading
Pandora returns to the headlines today as yet another layer of outside involvement becomes a possibility for the audio company. The audio company’s future has been a topic of interest as an ever-growing number of parties consider getting involved with the business to varying degrees. Two new developments have emerged around this ongoing story today. Continue Reading
Webcast listening in March inched upward by three percent compared to the previous month, according to Triton Digital’s Webcast Metrics monthly Top 20 Ranker, released today. Year-over-year listening to streams gained 13%. Click through for long-term trends. Continue Reading
Data and charts company BuzzAngle Music announced that its analytics now integrate global data from Shazam. This marks the first time that data from the audio identification business will be a part of a comprehensive analytics program, BuzzAngle said in its press release. Continue Reading
Yesterday we shared the top-down global overview from PwC’s Entertainment and Media Outlook. Today’s we’ll drill down into the report’s data specifically for the United States. The results point toward projected total entertainment and media revenue of $666.13 billion in 2017. Music revenue in the U.S. is projected to hit $18.3 billion in 2017 with a CAGR of 5.596% for the report period. Continue Reading
Programmatic technology company Jelli announced an expansion for its offices. It has opened two new offices, one in New York City and one in Boise, Idaho. Jelli also hired streaming advertising veteran Eric Ronning, to run operations in NYC as its new vice president of strategic accounts. Continue Reading
Audioburst announced that it has secured series A funding of $6.7 million for its mission of automating the indexing, organization, and discovery of audio content. The company’s platform promises real-time analysis of an audio clip, which allows fast and easy searching of content. The metadata it applies to each audio clip guides the creation of audio streams personalized to a listener’s preferences and patterns. Continue Reading
PwC has published its 18th Global Entertainment and Media Outlook 2017-2021. The annual report offers intensive analysis of several entertainment industries around the world. For music, the outlook seems positive for a digital future, with streaming expected to be the top source of global revenue for the sector. If that prediction bears out, 2017 would be the first year when digital revenue will exceed physical sales on a worldwide scale. Today we’ll dive into the global data, and tomorrow will focus on just the U.S. analysis. Continue Reading