News

Pandora loses users but increases profits

Pandora loses users but increases profits due to an additional 251,000 subscribers for its Pandora Plus and Pandora Premium service plus a 12% increase in advertising revenue. SiriusXM, Pandora’s parent company, posted its 2019 annual results which showed a decline in Monthly Active Users from 69.4 million in 2018 to 63.5 million in 2019. This was offset by record advertising revenues of $1.2 Bn – a 10% increase over 2018. Total revenue for Pandora grew […]

News

Country Music listening increases in the US

Country Music listening increases in the US with daily listening up 8% in the second half of 2019 according to a recent report from the Country Music Association (CMA). The CMA has launched a new Country Music consumer research dashboard called TRENDWATCH which is a monthly snapshot of ‘key music engagement behaviours’. Karen Stump, CMA Senior Director, Market Research said, “The fact that Country Music is garnering more daily listeners means we are connecting more frequently […]

The Smart Audio Report Winter 2019 report
News

Quarter of US adults own a smart speaker

Quarter of US adults own a smart speaker according to a report from NPR and Edison Research which found that 60 million US adults (24% of the 18+ population) own at least one smart speaker device. The Winter 2019 Smart Audio Report confirmed continued growth in the smart speaker market with the average smart speaker household now having 2.6 devices, up from 2.3 devices per household at the same time last year. The research also […]

BuzzAngle Music 2019 US Report
News

US Music streaming tops 1 Trillion in 2019

US Music streaming tops 1 Trillion in 2019 according to BuzzAngle Music’s 2019 report on US music consumption. For the third year in a row, total consumption growth was up double-digits. The 13.5% growth in 2019 in total consumption was fuelled by the continued growth of on-demand streams. In 2018, there was a 16.2% growth in total consumption and an increase of 12.8% in 2017 over 2016. As a result of consumers continuing to move […]

RIAA Twitter feed
News

US record industry charted

The US record industry over the past decade (2010-2019) is charted by the RIAA in a series of infographics published on their Twitter feed. US Decade’s Top Ten awarded albums According the RIAA only Adele has a diamond album this decade and she has not 1 but 2 of them. Taylor Swift and Drake each have 3 of the top ten albums of the decade. Vinyl albums make a comeback Once considered a passed over […]

8tracks to close at year end
News

8tracks to close at year end

8tracks is to close at year end (2019) according to a recent announcement by the company. Launched on 8th August 2008 the streamer initially offered a globally available streaming service which in 2016 was restricted to the US and Canada due to licensing concerns. The reasons given for the closure are that because of its relatively small scale compared to the likes of Spotify it cannot charge enough in advertising to fund its advertising sponsored […]