The global music market achieved a key milestone in 2015 when digital became the primary revenue stream for recorded music, overtaking sales of physical formats for the first time according to IFPI’s Global Music Report 2016. Digital revenues now account for 45 per cent of total revenues, compared to 39 per cent for physical sales. […]
Limelight Networks, a global player in digital content delivery, has announced music-streaming company Rhapsody has signed an agreement, extending the companies’ 15-year relationship. Rhapsody will leverage the Limelight Orchestrate Delivery and Storage services to continue to deliver songs to its 3.5 million customers around the world. Rhapsody, based in Seattle, Washington, was the first paid […]
The SiriusXM pay-radio subscriber numbers just keep on growing. During Q1 it added a net 465,000 new subs to take its overall total above 30 million (30.1m). The 30 million is a record high for the broadcaster. Their full results will be published on April 28th. “SiriusXM has grown from a pioneering startup (founded only […]
Pay-radio operator SiriusXM Canada has confirmed that it has been approached in a potential take-over and that it is in early stage talks. A prime contender for a buy-out is Liberty Media which owns a 61 per cent controlling stake in the US operation. Last week saw local reports in Canada that SiriusXM’s major shareholders […]
Pay-radio operator SiriusXM outperformed market expectations last year by a considerable amount. CEO James Meyer told analysts that 2015 was “an incredible year” for SiriusXM. “We exceeded all of our original operational and financial goals, and we are predicting continued growth in subscribers and all of our financial metrics this year. Last January, we told […]
Digital radio listening has grown by 10 per cent in the last year, according to Rajar Q4 2015 data released today to almost 42 per cent (41.7 per cent). This consolidates the strong position of digital radio ahead of the launch of new national digital stations next month (March 2016). In the last year there […]
Sound Digital, the joint venture company formed by broadcast infrastructure specialist Arqiva, Bauer Media and UTV Media in 2014, has revealed its plan to switch on the UK’s second national DAB digital radio multiplex network on February 29th. The Secretary of State, Rt. Hon John Whittingdale MP, will perform the official switch-on of the new […]
Surging digital revenues pushed the UK’s combined games, video and music markets to an all-time high of £6.1 billion (€8.3m) in 2015, shrugging off a decade of decline, according to figures from the Entertainment Retailers Association (ERA) based on data from the Official Charts Company (music, video) and GfK Chart-track (video games). Entertainment sales reached
Pay-radio operator Sirius XM has pleased the market by signing up an extra 2.3 million subscribers during its Q4, taking the total installed based to 29.6 million. It had guided the market to expect just 2 million extra subscribers during Q4. Sirius XM has a reputation for issuing conservative future guidance, and this latest snapshot […]
BTIG, the global financial services firm, has published its top 16 predictions and events to watch for in media and tech stocks in 2016: 1. Media Companies Forced to Shorten Sports Rights Amortisation Accounting In 2016, BTIG expects accelerating declines in multichannel video subscribers due to cord-cutting/shaving/nevering, combined with a continued secular decline in TV advertising […]