When critically acclaimed singer/songwriter, Amy Speace, live streamed a Concert Window album preview from her walk-in closet to the fans who had just helped fund its release, it wasn’t because she couldn’t book another venue. It was because she is both a new mom, and a musician, and with a one year old asleep down the hallway, it was a way to say yes to both.
SiriusXM today announced missed Q1 2019 operating and financial results. Total revenue of $1.7 billion increased 27% compared to the prior year with growth driven by the acquisition of Pandora. But the purchase also hit net income driving it down 44% to $162 million.
SiriusXM has added an "Essential" subscription streaming only plan, making its multi-channel service available on mobile, tablet, desktop and other connected devices. Essential subscribers get 300 channels from SiriusXM's lineup of music, comedy, news, sports and entertainment.
While a recent Billboard headline proclaiming women to be dominating the Hot 100 might lead you to believe otherwise, a closer look at the data reveals the gender play gap to still very much be an issue in the music business.
SoundExchange distributed $220.7 million in payments to more than 185,000 payees in the first quarter of 2019. This represents a 16.2% increase in distributions and 17.3% increase in payees over the first quarter of 2018.
While the massive uptick in the popularity of audio seems like it should be good news for traditional broadcast radio, the reality is that much of this resurgence has manifested in the form of podcasts and new forms of tech like smart speakers.
In an effort to pay down its massive debts, iHeartMedia is set to file for an IPO, a move by the bankrupt internet radio company which could be indicative of what the future may hold for other music companies involved in radio, and specifically internet radio, may do moving forward.
Why Would Anyone Invest In Post-Bankruptcy iHeartMedia? Because 'Radio Motivates Behavior' says Fred Jacobs
At a time when more younger listeners are tuning out in favor of streaming and other forms of media consumption, broadcast radio giant iHeartMedia is hoping to raise $100 million in an IPO. If an aging audience isn't enough to scare off investors. the fact that iHeart is just emerging from a multi-billion dollar bankruptcy may do the trick.
Radio giant iHeartMedia has filed for a $100 million IPO, even as it just emerges from bankruptcy. William Paterson University Music Business Professor David Philp takes a look at the state of terrestrial radio, its less than graceful handling of the internet's rise, and why it needs to adapt, as radio's core audience ages out while simultaneously switching to other forms of audio entertainment.
SiriusXM and Pandora has launched the first cross-platform listening experience since the satellite broadcaster acquired the streaming service. Leveraging Pandora's listener data, Pandora NOW is be both a SiriusXM channel and a Pandora interactive station and playlist for its combined audience of 100 million listeners.
Despite the ubiquity of other media entertainment options, radio has endured into the streaming age, albeit with its own share of struggles. In this piece, consultant Fred Jacobs looks at recently collected data among radio listeners surveying why they still tune in.
In this piece Fred Jacobs recalls the era of Album Oriented Rock (AOR) and, more specifically, the 'King Biscuit Flower Hour,' a show which presented original concert programming through until the early '90s. So could the such programming survive today, living as we are in the age of reboots?
The concept of neighboring rights parallels that of performance rights. Where performance rights reference the right to perform a composition, neighboring rights reference the ability to publicly perform the sound recording. So, why are these neighboring rights so important to artists and independent labels?
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?