Profits at Sirius XM Radio grew by more than 50 per cent in the third quarter, and its subscription numbers hit a record of 21.3 million but analyst were disappointment with Sirius’s subscription growth rate saw the stock fall over three per cent. For the three months ended September 30th, Sirius had $763 million in […]
Virgin Media has launched a range of broadband and mobile bundles which include the digital music service Spotify. Following the announcement of a partnership deal earlier this year customers will be able to access Spotify online through home computers, on mobile devices or through the Spotify app on Virgin Media’s TiVo powered digital TV service. […]
The BBC will pay for the rollout of digital audio broadcasting (DAB) radio to 97 per cent of the UK population, but culture minister Ed Vaizey has warned that a “huge amount of work” remains to be done to get to switchover. The corporation’s director of audio and music, Tim Davie, said the BBC would […]
Ofcom has created a severe headache for the professional audio sector in the UK. ProSound News is reporting that Ofcom, which in October last year appointed Equinity to administer the clearing of Channel 69 in the 800 MHz band, is now preparing to sell equipment into the band, even though that equipment “will be illegal […]
US pay-radio broadcaster Sirius-XM is in great shape and in formal guidance is predicting a double-digit revenue increase for 2012. CEO Mel Karmazin told a Bank of America conference last week that he’d like to use Sirius’s growing cash pile to help fund a suitable acquisition – but there wasn’t much about! Instead, his Board […]
Univision Interactive Media has confirmed that its new Univision Radio App for iPhone and iPod touch is available on the App Store. The app, available in both English and Spanish, brings some of Hispanic America’s favourite radio personalities and programming from stations across the US and Puerto Rico to an ever-growing Hispanic mobile audience. iPhone […]
North American pay-radio broadcaster Sirius-XM managed to fall a little short of its revenue estimates, in numbers released August 2. Revenues were $744 million, and the market consensus was that it would achieve about $752 million. The much more attractive good news was that Sirius-XM ended the quarter-year with 21 million subscribers having added 452,172, […]
India’s reliable Business Standard magazine is reporting that “Worldspace India”, once it has its local output established, has plans “also to tap markets outside India and increase the number of channels on offer to 20”. The report confirms that the proposed DTH and web-based radio service has also “now acquired the licence to use the […]
Baidu, the Chinese Internet search company, has signed a deal with three major record labels allowing it to offer free music downloads to users. The deal represents a coup for the company, which has beaten Western rivals such as Google to the punch. The US company, along with Amazon, recently announced the launch of a […]
Spotify, the Swedish streaming music service, has finally announced that it will launch in the world’s biggest music market, the US. Spotify’s US launch has been dependent on signing deals with the four largest record labels – Universal, Sony, EMI and Warner Music – though Warner is understood to have only completed the deal this […]