At the close of the second fiscal quarter in the US and in the ramp up to the 2018 Midterm Elections, a report from Matrix Solutions shows that the US saw a .35 per cent year-over-year contraction across broadcast, digital broadcast and radio platforms – demonstrating flat growth. This figure comes despite the emergence of […]
The latest Advertising Association/WARC Expenditure Report has found that total UK adspend grew 5.9 per cent to £5.7 billion (€6.3bn) in Q1 2018, 1.3 percentage points ahead of forecast. Despite the uncertainty in the UK business community over the possible outcomes of Brexit, companies appear bullish on the effect of advertising, leading to the AA/WARC updating […]
Spotify, the music streaming service, has reported its Q2 results. The company said the quarter was largely in line with expectations, with some metrics performing at the high end of its guidance range. In a statement, Spotify said: “We finished the quarter with 180 million Monthly Active Users (MAU) and 83 million Premium Subscribers, up […]
Pay-radio operator SiriusXM has had a good Q2 adding almost a half-million net new subscribers during the year and seeing churn reach its lowest-ever rate. “Self-pay subscribers exceeded 28 million for the first time ever, and our total paid subscriber base reached a record 33.5 million. There is, without a doubt, a tailwind from the […]
The All England Lawn Tennis Club (AELTC), hosts of The Wimbledon Tennis Championships, has streamed live audio coverage of matches to social media for the first time, registering almost 750,000 views and generating direct engagement with just under 60,000 fans. The Wimbledon Radio Channel, Wimbledon’s live radio broadcast of The Championships, produced by IMG and […]
WorldDAB has created a new Working Group, focused on the performance and user experience of aftermarket devices for DAB+ in the car. The Aftermarket Devices Working Group (ADWG) brings together broadcasters, device and antenna manufacturers, plus experts from the automotive industry, in an important collaboration for digital radio in the car. The chairman of the […]
The Italian media sector in 2017 achieved a turnover of €14.75 billion, down 0.9 per cent year-on-year, with TV and radio contributing €8.95 billion (-2 per cent). In the TV segment, revenues from free-to-air TV reached €4.93 billion (-3.5 per cent), while pay-TV was worth €3.38 billion (-0.2 per cent), the later dominated by Sky […]
Tencent, China’s largest social media and gaming business, is to spin off its music division (Tencent Music Entertainment). South Africa’s media conglomerate Naspers owns 31 per cent of Tencent. The announcement, made in a filing to the Hong Kong stock exchange, said there would be an initial public offering and subsequent reports suggest that the […]
The EBU has welcomed a vote in the European Parliament vote that will update existing must-carry rules and provide for a wider choice of free-to-air radio content while on the move. The vote in the European Parliament’s Committee on Industry, Research and Energy (ITRE) formally endorsed a political deal in trilogue on a new EU […]
US broadcast station mergers and acquisitions (M&A) volume reached $5.11 billion (€4.38bn) in the second quarter of 2018, as tracked by Kagan, a media research group within S&P Global Market Intelligence. This is the largest quarterly deal volume since the second quarter of 2007. Ninety-eight per cent of the volume ($5.01 billion) is attributable to […]