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 […]
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 […]
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 […]
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 […]