The latest financial filings from Napster proves that music streaming - at least, the all paid variety - can be profitable. From 2017 to 2018, Napster moved from a net loss of $13.1 million to a net profit of $10.3 million.
The National Association of Broadcasters and its horde of well paid lobbyists are now working to coerce congress into cosponsoring a bill dubbed the Local Radio Freedom Act, an ironic title given the bill's far more sinister anti-creator, anti-property rights content. Here A2IM CEO Richard James Burgess explains why both parties should lambast the bill.
For many listeners, music is far more than just sound, and acts as a strong emotional force. This makes music, and the inextricably linked if sometimes adversarial format of radio a uniquely powerful platform for marketing. Here Fred Jacobs looks at examples of music marketing from the beginning of the year which demonstrate the impact artists, and the radio stations that play them, have on consumers
SiriusXM has created its first Pandora “content team” focused on sharing content between the two platforms. The team will also create original content in music, sports and talk content ranging across comedy, politics, music and entertainment.
Three major radio outlets in Montreal have pulled Michael Jackson’s music from their playlists, following new allegations of child molestation leveled against the late performer in an HBO documentary.
SiriusXM has added 100 new commercial-free Xtra Channels available exclusively to subscribers on the SiriusXM app, web player and connected devices, including 10 that are designed to showcase new and emerging artists.
In this piece, Gimme Radio's Tyler Lenane outlines why they felt compelled to start another streaming service in an already crowded sector and how Gimme Radio differentiates themselves from other platforms by focusing on serving the passionate fan.
Broadcast radio lobbyists and a bipartisan coalition of 124 members House members and 5 senators are backing the latest edition of the Local Radio Freedom Act, which would continue to limit the royalties that radio stations pay on recordings.
While music discovery has, in many ways, become easier than ever, a new study suggests that there's a limited period of time in the average consumer's life when they're actually finding new music, and at a certain age 'musical paralysis' sets in and the discovery ceases.
After the struggle of getting the Music Modernization Act passed and allegedly gave pre-1972 artists the royalties they finally deserved, a new merger between Sirius and Pandora by their hold-tightening parent company Liberty Media, has artists and advocates gearing up for an ongoing fight against tech companies and their lobbyists.
With conventional broadcast radio now beset from all sides by streaming services, podcasts, and satellite, the future of this form of legacy entertainment is often brought into question, however some key signs suggest it may be weathering the digital storm better than expected.
SiriusXM reported record earnings for both Q4 and for the full year of 2018, with revenue of $1.5 billion and $5.8 billion respectively. The satellite broadcaster added a net of 346,000 subscribers in Q4, ending it with 34 million plus.
The confines of a car have long been a favorite spot for enjoying music, helped by the rise of streaming and the enduring popularity of radio. Here we look into what it is that car goers listen to and why.
Recent news that Sirius XM has gained around 1.3 million subscribers, along with the reality that almost every new car manufactured has it as a built-in option all seems like good news for the satellite radio company, at least for now, but what happens when autonomous cars begin to encroach on their market?
Amazon is bringing Alexa voice control to the car. Announced in September, the Echo Auto is finally shipping to the more than one million drivers that pre-ordered it. To boost sales farther, the Echo Auto is on sale for $24.99, a 50% savings. Add free Spotify and TuneIn accounts and any advantage held by broadcast radio and SiriusXM virtually disappears.
While much has changed in the music industry over the past ten years, our listening habits while on the move have, until now, remained much the same. Historically AM/FM listening has dominated in the car but, while this is still somewhat true, traditional radio's grip on drivers seems to be loosening.
SiriusXM has added approximately 1.3 million net subscribers to end 2018 with for 34 million total paid subscribers, including those that come with new car sales and from other sources. Shares rose 2.09% in pre-market trading Wednesday.
The Federal Communications Commission (FCC) will suspend most operations midday today, January 3rd, because of the partial government shutdown. The closure comes as the shutdown over border wall funding enters Day 13.
UPDATED: The Federal Communications Commission (FCC) will suspend most operations on Thursday, January 3rd. The suspension announcement comes as the US government shutdown over the funding of a border wall enters Day 12.
Mixcloud has launched fan-to-creator direct subscriptions after securing licensing pacts with labels and publishers. With a $2.99 per month Mixcloud Select subscription. users get an enhanced listening experience while supporting their favorite creator.
While radio stations have provided compensation to songwriters and music publishers, they have never never paid record labels, artists, or producers, something which, Richard James Burgess of A2IM believes, it's high time to change.
iHeartMedia announced today that it has entered into an agreement to acquire Jelli, the company behind the SoundPoint platform which enables programmatic buying and selling broadcast radio ad time. The acquisition, which is designed to help radio compete with the kind of targeted advertising that digital services offer, comes just as iHeart appears to be emerging from bankruptcy.
Days after acquiring the SnowGlobe Music Festival to build its live entertainment presence, MTV has announced it is bringing back an old chestnut – “MTV Spring Break” – which introduced North America to many new artists during its heyday.
MTV has acquired the SnowGlobe Music Festival, as part of a plan to expand the brand and business beyond TV. Held on New Year’s Eve, the annual event is held in South Lake Tahoe and with more than 20,000 fans for three days of music, action sports and interactive art.
In a bid to build closer ties with black radio listeners, it appears Apple may be in the market to purchase steak in iHeartMedia a network which, despite its financial woes, carries significant influence and clout in the music business.
The rise of tech giants like Amazon and Netflix has left a number of bodies in their wake, include former brick and mortar businesses like Blockbuster Video and Toys R Us. Now, as the streaming continues to dominate the music consumption, we're starting to wonder - could radio be next?