Sirius XM Pandora Stitcher |Policy

Publication

Doctor Radio & NYU Langone Health launch 24/7 coronavirus-focused channel & hotline

SiriusXM channel 121 becomes “Coronavirus: What You Need To Know,” and will be available on both active and inactive SiriusXM radios, and on SiriusXM streaming platforms

Sirius XM
Sirius XM

SiriusXM, in conjunction with NYU Langone Health, launched a special 24/7 channel dedicated to providing the public with the latest information on the coronavirus outbreak. The channel launched on Friday, March 6 at 6pm ET and features programming from SiriusXM’s Doctor Radio (Ch. 110). It is available on both active and inactive SiriusXM radios on…

Publication

Goldman Sachs says 1.15bn people will pay for music streaming by 2030, as it ups industry forecast

The investment bank’s ‘Music In The Air’ dossier, from August 2017, forecast a booming future for record labels, and set in motion a series of escalating valuations for Universal Music Group which have since hit $50bn (in the case of JP Morgan). In that report, Goldman forecast that trade revenues from paid streaming would reach $28bn by…

Pandora now lets you change its algorithm for selecting music

The Verge
Dani Deahl

Pandora is giving listeners more control over what songs their customized radio stations play with a new feature called Pandora Modes. Pandora’s classic algorithm has long chosen what plays when you start up a new artist station, but these alternative modes let you switch to other types of curation for different experiences. Modes work better…

Publication

U.S. Recorded-Music Revenue Rises Amid Streaming Subscription Surge

Wall Street Journal
Anne Steele

Revenue from music-streaming platforms now accounts for three-quarters of the music industry’s top line, as subscriptions to services including Spotify Technology SA, Apple Inc., Amazon.com Inc. and others in the U.S. grew 42% in 2018 to top 50 million for the first time.

Publication

RIAA 2018 Year-End Music Industry Revenue Report

Recording Industry Association of America (RIAA)
Recording Industry Association of America (RIAA)

Fueled by tremendous creative output by groundbreaking artists and now more than 50 million paid subscriptions, the U.S. music industry experienced its third year of consecutive growth in 2018 with retail revenues up 12% to $9.8 billion. Streaming now comprises 75% of total industry revenues.  Vinyl continues to be a bright spot for the physical…

Publication

Total Album Equivalent Consumption In the U.S. Increased 23% in 2018: International Acts Go Mainstream and Female Artists Lead the Way

Nielson
Nielson

Amid an array of choice when it comes to platforms and devices for media consumption, one thing remains constant: Americans’ unwavering love for music. According to Nielsen, the music industry experienced significant overall growth in 2018, with total album equivalent audio consumption up 23% over 2017, driven by a 49% increase in on-demand audio song…

Publication

More Explosive Data: Total On-Demand Music Streams Rose 49% in 2018

Digital Music News
Digital Music News

According to Nielsen’s just-published data, the music industry experienced significant overall growth in 2018. Total album equivalent audio consumption grew 23% over 2017.  This was driven by a 49% increase in on-demand audio song streams last year.

Publication

Pandora’s Podcast Genome Project Wants to Find Your Next Favorite Show

Wired
Brian Barrett

There are well over 500,000 podcasts in the world, covering everything from ABBA to zoology. They’ve reached such a saturation point, in fact, that there’s almost certainly a podcast out there that’s perfectly attuned to your interests—and no great way to find it. Streaming radio veteran Pandora thinks it has a solution in—what else, in 2018—an algorithm. Its Podcast Genome Project, first announced nearly…

Publication

Halfway Through 2018, Streaming’s Continued Growth Defies Mathematical Trends

Billboard
Ed Christman

In the first half of 2018, overall on-demand streaming increased 41.7 percent to reach 403.5 billion U.S. streams, according to Nielsen Music. That growth defies mathematical trends, which dictate that, as a base enlarges, it becomes harder to achieve a bigger percentage growth than in preceding time periods.

Publication

Global Recorded Music Revenues Grew By $1.4 Billion in 2017

MiDIA - Music Industry Blog
Mark Mulligan

2017 was a stellar year for the recorded music business. Global recorded music revenues reached $17.4 billion in 2017 in trade values, up from $16 billion in 2016, an annual growth rate of 8.5%. That $1.4 billion of growth puts the global total just below 2008 levels ($17.7 billion) meaning that the decline wrought through…