Category archives for: Digital Radio

Sirius-XM dramatically raises forecasts

siriusradio

Pay-radio operator SiriusXM says it now expects around 1.45 million net new subscribers this year, up from its previous forecast of 1.25 million. This means that its target overall revenues will be about $4.1 billion (up from $3.8 billion), and free cashflow of some $1.1 billion. “SiriusXM’s subscriber growth is tracking ahead of our prior expectations.  The company is executing […]

BBC expands DAB coverage

The BBC has launched a further twelve national DAB transmitters bringing the total number of transmitters to 265. The move is part of the current phase of the Corporation’s digital radio network expansion plan bringing a further 2 million people into the coverage area and increasing coverage from 93 per cent to 97 per cent by the end of 2015. […]

Streaming pushes digital music to $14bn by 2019

A report from Juniper Research has found that the digital music industry will experience slow growth in revenue over the next 5 years, from $12.3 billion this year to $13.9 billion in 2019. The research found that a strong performance in the robust streamed music sector, will largely be offset by decline in revenues from legacy services such as ringtones […]

Google launching YouTube Music Key

jayz

Google’s long-rumoured YouTube music service will be branded ‘YouTube Music Key’ and feature more than 20 million songs and videos curated specifically for YouTube. The music service will offer a 30-day free trial, with a $9.99 monthly subscription giving access to “high-quality tracks – complete albums, organised into artist discographies”, specifically for YouTube with both video and audio-only streaming and […]

Streaming music to exceed $3bn this year

Paid-for streaming music subscription services have experienced significant growth in both the US and key markets in Western Europe, with paid-for subscribers in these territories expected to double to over 20 million in 2014 compared to 2012, according to research from Futuresource Consulting. “Global consumer spend on streaming services in the US and Western Europe – excluding personalised radio services […]

Sirius-XM continues to grow

siriusradio

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 period a year ago. Q2 […]

SHOUTcast launching streaming service

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 partners. “Our team has been […]

Arqiva wins EIB infrastructure funding

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 the new T2 muxes and […]

Kim Dotcom plans to float music sharing service

Kim-Dotcom

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 hoping to issue up to […]

Vaizey: ‘Government working towards a digital radio future’

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 of the year. Addressing the […]

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