US pay-radio operators Sirius-XM saw its Q2 paid-for subscribers grow 5 per cent y-o-y to 26.3 million. And the prospects look good helped by 7.3 million potential subs enjoying a free trial. In cash terms this translated to EBITDA growth for Q2 reaching a record $370 million, up an impressive 31 percent on the same […]
SHOUTcast, the US radio streaming platform, is launching a new service which includes effective audience monetisation with the integration of the TargetSpot ad network. Additional tools and capabilities to support the needs of today’s online radio stations are also part of this new service. These enhancements are available immediately to selected SHOUTcast broadcasters, and CDN […]
Europe’s long-term lending institution, the European Investment Bank, has agreed to provide £190 million (€240m) to support investment by Arqiva in a range of new critical national infrastructure projects. This includes the roll out of smart metering across the north of England and Scotland, as well as the expansion of digital radio, the rollout of […]
Controversial tech icon Kim Dotcom is planning to raise £2.5 million for his new digital music service ‘Baboom’ by taking it public on the Australian Securities Exchange by the end of 2014. The plans were revealed in a 41-page prospectus being distributed to potential investors, as well as published on Baboom’s website. The company is […]
Ed Vaizey, Minister for Culture, Communications and Creative Industries, has told the UK radio industry that the Government fully supports the long-term transition to a digital future, but is not yet in a position to announce dates for a final switchover to digital radio. Vaizey plans to say more on the matter towards the end […]
Requests to BBC iPlayer increased last month to 273 million, up 6 per cent on May 2013, and higher than at any point last year. May also saw the first increase in
ProSiebenSat.1 Media has taken a stake in streaming music company Deezer, in a deal that will see the German TV broadcaster’s own music service AMPYA, with the global streaming set up. AMPYA will be integrated into the Deezer platform under the sub-brand MyVideo. Deezer Europe VP Gerrit Schumann commented: “Deezer and ProSiebenSat.1 are moving forward […]
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 […]