WideOrbit, a provider of advertising management software for media companies, has acquired Abacast, provider of streaming, live and on demand ad insertion and monetisation solutions for digital radio. This acquisition is part of an ongoing initiative to expand WideOrbit’s digital offering for major media companies. Abacast was founded in 2000 and offers an innovative, end-to-end […]
David Frear, CFO at US pay-radio operator Sirius-XM says it is unlikely that his company will launch outside the USA. “I don’t see us launching a satellite radio business outside the United States that we’ve looked at. We turned down multiple opportunities to do that, for instance in Europe.” Frear was speaking at the Bank […]
Apple has agreed to buy subscription streaming music service Beats Music, as well as Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion, consisting of […]
UTV Media, the Northern Irish radio and television broadcaster, has revealed its latest figures. There was growth in Television revenues in Q1 of 2014, with London Net Advertising Revenue (NAR) up 3 per cent, Irish NAR up 11 per cent and total revenues up 4 per cent. In Q2 UTV anticipates total TV revenues to […]
Google’s Chromecast has added support for a trio of new apps in the US, namely movie-streaming Vudu, music player Rdio, and Sony-owned TV library Crackle. Owners of Chromecast can access the apps through the $35 dongle immediately via an Android or iOS device, as well as via Google Chrome on a PC. The news comes […]
Liberty Media has withdrawn its plan to merge with Sirius-XM. The news emerged after the US markets closed on March 13th. In an announcement, Liberty stated: “We are creating two new tracking stocks, Liberty Media and Liberty Broadband. We expect to complete the creation of the new tracking stocks by Q3.” Liberty Media says it […]
Siano, a supplier of mobile broadcast DTV solutions, has announced the launch of SMS2160, a new multi-standard digital radio receiver chip designed for automotive and portable/mobile consumer electronics applications. The SMS2160 is a versatile digital radio IC to support T-DMB/DAB/DAB+, DRM+, and FM Radio, including RDS/TMC. The newly released chip is particularly addressed to the […]
The BPI, in its annual review of record company income, has reported that the UK recorded music industry’s revenues grew in 2013. Driven by an 11.9 per cent rise in digital revenues from strong digital album sales and a surge in streaming, the UK recorded music industry saw an overall 1.9 per cent increase in […]
North American pay-radio operator Sirius-XM, and with Liberty Media already having made a formal offer to acquire the 60 per cent of the business that it doesn’t own, is planning for a global presence. CEO Jim Meyer told analysts that it was talking to a number of car manufacturers and OEM radio suppliers. “There’s virtually […]
Liberty Media Corporation, the investment company controlled by John Malone, has made an offer to acquire the remaining shares of satellite-radio carrier Sirius XM. Liberty has previously invested a total of around $1.7 billion into Sirius-XM. The proposal, made in a letter to Sirius XM Holdings, outlines the terms by which Sirius public shareholders would […]