SiriusXM Hopes Pandora Will Grow the Company Beyond Cars — www.hollywoodreporter.com
SiriusXM CEO Jim Meyer has big plans for the now-largest audio entertainment company in the world.
Soon more Brits will pay for streaming than listen for free — musically.com
The UK’s Entertainment Retailers Association has predicted that the British music industry will see a new tipping point later this year: the moment when the number of paying music subscribers overtakes the number of free music-streamers.
Goldman Sachs Bets On Hip Hop And Millennials For Music Revival — www.forbes.com
Streaming platforms take center stage in Goldman Sachs latested forecast that music revenue is going to more than double to about $131 billion by 2030. Currently music streaming sales are dominated by top R&B and hip-hop artists and black listeners are the largest streaming user group.
Vodafone Idea to Launch Music Streaming App, Will Rival JioSaavn — www.thequint.com
Vodafone Idea will shut down Idea Music app and will look to partner with existing music streaming apps to offer content to consumers.
Podcasting revenues hit $314 million in 2017, according to a third-party survey released last summer.
Scooter Braun launches music tech investment group — www.iq-mag.net
Scooter Braun and Zach Katz’s Raised In Space Enterprises investment vehicle aims to forge “proactive collaboration between music and technology”
Spotify posts second consecutive quarterly profit, but projects big losses for 2019 — venturebeat.com
Spotify’s revenue grew to $1.7 billion for the fourth quarter, up 30 percent from one year ago, with a profit of $503 million for the quarter.
Stream-ripping sites in crosshairs.
Spotify-Gimlet Deal: Podcasting Is Not a Small Business — fortune.com
Contrary to popular belief, there’s a lot of money to be made in podcasting.