Sonos filed papers with the US Securities and Exchange Commission for an initial public offering (IPO). The multi-room audio company was founded in 2002 and by 31st March this year had sold 19 million products in roughly 6.9 million households around the world. Despite being the leading company in the multi-room audio business with sales of $992.5 million in revenue in the 2017 – a 10% increase on 2016 – it wasn’t enough to turn […]
On-demand streaming in the US rose by 45% during the first half of 2018 according to market researchers, Nielsen, in their Music Mid-Year Report. Total album equivalent consumption*, which includes physical and digital album sales, song sales and on-demand audio and video song streams are up 18% during the same period. On-demand song streaming activity reached new milestones, with volumes surpassing 400 billion, offsetting declines in album and track sales. On-demand audio streaming volume was […]
YouTube Music and YouTube Premium launched in 17 countries on 18th June 2018. Both services are available in the US, Australia, New Zealand, Mexico, Austria, Canada, Finland, France, Germany, Ireland, Italy, Norway, Russia, Spain, Sweden and the UK. In South Korea there is only a YouTube Premium subscription available which will be at the current price of YouTube Red. Apps for iOs and Android are available from the Play Store and App Store. A new […]
The BBC has soft launched BBC Sounds, a new audio app intended to replace the BBC iPlayer Radio. BBC Sounds brings together BBC live and on-demand radio, music and podcasts into a single personalised app which is available in iOS and Android versions. BBC Sounds is designed to learn from the user’s listening habits, providing one-tap access to the latest episodes of favourite BBC podcasts and radio shows and making available an 80,000 hour library […]
TIDAL and Arsenal Football Club are launching a partnership which celebrates the organizations’ shared commitment to developing young talent. Arsenal members for the 2018/19 season will receive six-month free TIDAL subscriptions. Platinum and Gold Arsenal members will enjoy the Hi-Fi service while Silver and Red members will receive the Premium service. Details on how to activate these exclusive offers will be communicated to members before the start of next season. Arsenal and TIDAL are collaborating […]
Audi has brought Amazon Music to its Audi Connect service. It brings the full Amazon Music streaming library of 50 million songs to drivers, accessible through their car’s infotainment system. Using Audi’s Multi Media Interface (MMI) and the latest version of the free myAudi app on a mobile phone, users will have access to the full Amazon Music catalogue. Audi owners who subscribe to Amazon Music will also be able to access their favourites and […]
Total global music, radio and podcasts revenue are predicted to increase by 3.6% a year from US$94.9bn in 2017 to US$113.4bn in 2022, with growth largely generated by the recorded music segment according to accountancy giant PwC’s latest Global Entertainment & Media (E&M) Outlook 2018-2022. Consumers in developed markets are signing up for subscription-based music-streaming services from leading providers, as well as from more niche streamers, as the demand for owning music recordings wanes.
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