Issue 598: SiriusXM Hopes Pandora Will Push Biz Beyond Cars; Why Spotify is Betting Big on Podcasting; Vodafone Idea to Launch Music Streaming App

Blog, Music, Streaming

SiriusXM Hopes Pandora Will Grow the Company Beyond Cars
SiriusXM Hopes Pandora Will Grow the Company Beyond Carswww.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
Soon more Brits will pay for streaming than listen for freemusically.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
Goldman Sachs Bets On Hip Hop And Millennials For Music Revivalwww.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
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.

Gov't launches new Hebrew music streaming app
Gov't launches new Hebrew music streaming appwww.jpost.com
‘Shiri’ is available free worldwide and includes more than 40,000 Hebrew songs.

Why Spotify is betting big on podcasting
Why Spotify is betting big on podcastingtechcrunch.com

Podcasting revenues hit $314 million in 2017, according to a third-party survey released last summer.

Scooter Braun launches music tech investment group
Scooter Braun launches music tech investment groupwww.iq-mag.net
Scooter Braun and Zach Katz’s Raised In Space Enterprises investment vehicle aims to forge “proactive collaboration between music and technology”

Troy Carter Signs With UTA
Troy Carter Signs With UTAwww.billboard.com
Music industry veteran and tech investor Troy Carter has signed with UTA, The Hollywood Reporter has learned.

Spotify posts second consecutive quarterly profit, but projects big losses for 2019
Spotify posts second consecutive quarterly profit, but projects big losses for 2019venturebeat.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.

Music industry tackles illicit challenge to streaming services
Music industry tackles illicit challenge to streaming serviceswww.computerworld.com.au

Stream-ripping sites in crosshairs.

Spotify-Gimlet Deal: Podcasting Is Not a Small Business
Spotify-Gimlet Deal: Podcasting Is Not a Small Businessfortune.com
Contrary to popular belief, there’s a lot of money to be made in podcasting.