US pay-radio operator SiriusXM reported better than expected Q3 subscriber and revenue numbers on October 27th, and said it would shortly start paying a dividend to shareholders. SiriusXM also told analysts that it would start a Howard Stern video service featuring notorious ‘shock-jock’ Stern. SiriusXM, controlled by John Malone’s Liberty Media, added 345,000 net new […]
The Canadian Radio-television and Telecommunications Commission (CRTC) has released the first part of the CRTC’s 2016 Communications Monitoring Report showing how the viewing and listening habits of Canadians are transforming the broadcasting industry. Canadians are consuming more audio and video content on digital media and over devices connected to the Internet. Twenty percent of Canadians […]
More than 5.2 million people (10 per cent of the UK adult population) already subscribe to paid music streaming services and half of these subscribers don’t plan to ever buy a CD again, according to research findings published by YouGov and Zuora, a provider of subscription commerce, billing and finance solutions. Music streaming revenues in […]
As anticipated, Amazon is entering the music streaming sector to compete with iTunes and Spotify with the launch of Amazon Music Unlimited, an on-demand music service that Amazon says redefines music streaming by putting a catalogue of tens of millions of songs and thousands of hand-curated playlists and personalised stations not just at the tips […]
The BBC has confirmed that former Labour culture secretary James Purnell will become its director of radio. Helen Boaden, has confirmed that she is set to retire, has worked at the BBC for 34 years. Purnell’s role will put him take charge of radio, education, arts, music, learning and children’s departments, meaning he becomes a […]
Share of value from streaming will grow from 76 per cent in 2015 to 95 per cent in 2022 in the total mobile music market, while the number of users will more than double to reach 950 million, according to the latest forecast by Strategy Analytics. The report finds that despite a decline in full-track […]
Hundreds of local digital radio stations could start broadcasting across the UK in future, after Ofcom completed successful trials of a ground-breaking technology. The new technique, known as ‘small-scale DAB’, allows local and community stations to hit the airwaves using freely-available software and equipment costing from £9,000 (€10,300). Previously, these stationss have broadcast on analogue […]
SiriusXM Canada, in a formal note to investors, says it is aware of various Class Action applications having been filed with the Superior Court in Quebec. “The Applications seek to authorize the bringing of class action litigation against the Company in connection with Quebec’s Consumer Protection Act and includes bringing a class action litigation against […]
Pay-radio operator SiriusXM is working hard to deliver extra functionality to its subscribers’ vehicles, and meet drivers’ demand for additional services. CEO James Meyer, speaking at the Bank of America/Merrill Lynch Communications & Entertainment conference on September 15th, emphasised his enthusiasm from new services. “I see the connected car absolutely as an opportunity. For us […]
Pay-radio operator SiriusXM is being sued in a potential Class Action by people who paid for a “lifetime subscription” that turned out to be anything but, it is alleged. Paul Wright is the plaintiff in the action, filed September 12th in the US District Court for the Central District of California. Wright alleges that SiriusXM […]