Pay-radio operator Sirius-XM reported another record-breaking quarter (Q2) with revenues up 8 per cent at $1.12 billion, and net income of $103 million. Churn is also at a very low (“outstanding”) 1.6 per cent/month, according to Jim Meyer, CEO, and down from last year’s 1.8 per cent. Net subscriber growth was 692,000 (up 46 per […]
According to Futuresource Consulting, the launch of Apple Music will lead to a significant increase in streaming music subscriptions. Futuresource Consulting predicts subscriptions will reach at least one third of total global consumer music spend by 2016. Futuresource’s lead entertainment analyst David Sidebottom referred to the latest music tracker service commenting that, “global consumer spend […]
Pay-radio operator Sirius-XM has been facing the music, in more ways than one. A legal action against the company – majority owned by John Malone’s Liberty operation – to pay millions of dollars for the rights to play music recorded prior to 1972. SoundExchange, a music rights royalty collector, said June 26th that Sirius-XM and […]
Pay-radio operator Sirius-XM will add its first dedicated all-news channel this autumn. Fox News is the supplier and it will supply its Fox News Headlines 24/7 station thereby making its radio service the only nationwide news channel for drivers and in-home listeners. Fox says that the channel will be different from its TV version, which […]
Google is launching a free version of its music streaming service Play Music. Google Play Music already has a subscription-based service, where users pay monthly to listen to an unlimited amount of tracks. The free version will be made up of curated playlists designed for different times of the day and tailored towards what listeners […]
Under a new strategic partnership, TeliaSonera is investing $115 million (€102m) for a 1.4 per cent stake in Spotify. Both companies are also committing resources, staff and other assets to ignite the joint innovation agenda within areas such as media distribution, customer insights, data analytics and advertising. A joint TeliaSonera-Spotify team will be set up […]
Apple has unveiled Apple Music, a single, intuitive app which Apple says is “a revolutionary streaming music service, a pioneering worldwide live radio station from Apple broadcasting 24 hours a day and a great new way for music fans to connect with their favourite artists. Apple Music combines the largest and most diverse collection of […]
US pay-radio operator Sirius-XM, which already has some 27.7 million subscribers, says it is ready for the next stage of its development. Speaking to Jessica Reif Cohen, senior media analyst at Bank of America Merrill Lynch, Sirius-XM’s CFO David Frear told delegates to the banker’s media conference that the operator had a “bunch” of science […]
The BBC World Service has surpassed 1 billion podcast downloads, with latest figures showing downloads of nearly 28 million a month. The World Service is marking the milestone with a selection of 10 ‘must listen’ programmes for podcast enthusiasts around the world. The World Service began podcasting in July 2007, when six World Service programmes […]
A long-forgotten pop group, The Turtles and their 1967 hit Happy Together, is the reason why US pay-radio operator could face Court-awarded penalties running into many millions of dollars. The band is still very much around and nowadays led by vocalists Howard Kaylan and Mark Volman, and the pair started a Class Action against Sirius-XM […]