Retail sales of recorded music will see little variation in total spending levels in the years to 2020 despite the rising interest in streaming, according to global analyst firm Ovum’s latest forecasts. Spending on digital formats and services will overtake physical formats this year and go on to account for almost three-quarters of all sales […]
US pay-radio operator SiriusXM reported record Q3 revenues of $1.17 billion (up 11 per cent) on October 22nd, and raised its guidance once again for its full-year numbers to reflect a growing appetite for its multi-channel radio services. Subscriber numbers are up, as is revenue and EBITDA. “With subscribers at an all-time high of nearly […]
Apple chief executive Tim Cook said the tech giant’s new music streaming service has 6.5 million subscribers. “It is going really well,” Cook said during an on-stage chat on the opening evening of a Wall Street Journal technology forum. “Lots of people are liking it.” More than eight million people are still in the free […]
Connected CE and digital media research from Parks Associates shows 66 per cent of US broadband households use a streaming audio service. Among all US broadband households,
Videotron is offering its mobile customers its new, free Unlimited Music service. Effective immediately, users of Stingray, Rdio, Google Play, Deezer and Spotify in Canada can listen to their favourite tracks anywhere, anytime or discover new artists without worrying about data usage. In the coming weeks and months, other popular services will be added to […]
Studies by Nielsen, Edison Research and Advertiser Perceptions reveal the audience for AM/FM radio greatly exceeds listening to streaming services, in stark contrast to advertiser estimates. The study was commissioned by Cumulus, Westwood One, iHeartMedia, Alpha Media, Beasley Media Group, CBS Radio, Cox Media Group, Emmis, Entercom, Greater Media, Hubbard Radio, RAB, Radio One, Townsquare […]
LG Electronics has revealed it will offer a high-fidelity (Hi-Fi) music service for customers of its premium smartphones. Starting this month, the new music service will be introduced via LG SmartWorld app on certain LG phones and at www.lgworld.com in nearly 70 countries including the US, UK, Australia, Brazil, China, France, Italy and Russia. Qualifying […]
The BBC has revealed that there have been over one million downloads of its programmes to its BBC iPlayer Radio app in less than a month since the functionality launched. The update to the BBC iPlayer Radio app allows listeners to download radio programmes in full to their smartphone or tablet for free, listen to […]
Data from Juniper Research has found that revenue generated through ad-based music streaming is set to exceed $1 billion by 2017, up from $782 Million in 2015, despite the declining numbers of players offering ‘freemium’ services. Many key players are
Pay-radio broadcaster Sirius-XM says it now sells its service into 72 per cent of new vehicles in the US, up from 69 per cent a year ago. CEO James Meyer says he sees this long-term penetration rate settling down “with growing confidence” to about 75 per cent of vehicles. Meyer told analysts that more US […]