Music streaming service Spotify is adding 85 new international market to its portfolio of coverage. Sweden-based Spotify says the expansion adds 1 billion potential listeners around the world. Currently Spotify claims 343 active users spread over 93 countries. “Together these markets represent more than a billion people, with nearly half of them already using the […]
Swedish adults spend more and more time listening to streamed audio. Mediavision analysis reveal that younger adults are driving the development, while the older population prefers traditional radio to digital alternatives. Of course, this has substantial effects for the players within audio. In Sweden, 15–74-year-olds spend 99 minutes consuming audio-based media an average day. Approximately […]
Podcasting, a growing sector of the media ecosystem, is increasingly drawing interest from global consumers, advertisers, publishers, and media companies. Global podcasting ad revenues increased more than 65 per cent annually from 2016-2019, and by 2023 the podcast industry will boast nearly two billion regular listeners, according to forecasts from Altman Solon. The podcasting wave […]
US pay-radio broadcaster SiriusXM has lost a Class Action lawsuit. The action was heard before a California federal court where SiriusXM was accused of misleading subscribers about the terms of a ‘lifetime subscription’. The action said that listeners signed up on ‘Lifetime Plans’ or ‘Lifetime Subscriptions’ deals and yet had not received the promised services. […]
Music-based entertainment Universal Music Group (UMG) and short-form video app TikTok have revealed a global agreement that they say delivers equitable compensation for recording artists and songwriters and significantly expands and enhances the companies’ existing relationship, promoting the development of new innovative experiences and the ability to forge deeper bonds between fans and the artists […]
ESPN Podcasts experienced strong growth in 2020, with downloads growing 28 per cent to nearly 500,000,000, a new record (499.3 million). The old mark was set a year ago. The strongest month was September. ESPN set a record with 50.1 million downloads (up 45 per cent from 2019) while the combined network of ESPN / […]
US pay-radio broadcaster SiriusXM has reported its Q4 and full year numbers. It added 909,000 net new self-pay subscribers during the year and taking the total to 30.9 million. Revenues were $8.04 billion (FY, up 3 percent) and $2.19 billion (up 6 percent) for the quarter ending December 31st. SiriusXM returned about $1.81 billion overll […]
Pay-radio’s SiriusXM’s brand-new satellite, launched only a few weeks ago, has suffered an in-orbit malfunction and while the full extent of the damage is uncertain the craft is likely to be declared a total loss. SXM-7 was launched on December 13th by SpaceX. In a formal statement to the Securities & Exchange Commission (SEC) the […]
BBC has launched its Soundscapes for Wellbeing initiative which aims to bring nature to everyone during lockdown. Soundscapes for Wellbeing aims to connect audiences with nature through creative programming on BBC Radio 3, BBC Radio 6 Music, BBC Sounds and BBC Two’s Winterwatch, as well as through new access to the BBC Sound Effects archive. […]
Mediavision’s analysis of the Nordic media market shows that subscriptions now account for the majority of each household’s spend on both media and access (i.e. mobile and broadband). An average Nordic household spends €150 per month on media and access. The split between media and access is slightly in favour of mobile and broadband compared […]