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Podcasts and Music Streaming Services push Radio to back seat

Cars and smartphones go hand in hand nowadays. A recent research claims the wireless links between cars and mobile devices have led music streaming services and podcast to be the first choice over the traditional radio service. The study claims one in six drivers now chooses to listen to a podcast, audiobook, or downloaded or …

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Revenue from music streaming posts sharp rise in H1 2018

According to research reports, music industry market recently has seen an upsurge in revenue generation. Music streaming has contributed 75% of all the industry revenue. Revenues grew from $4.2 billion to $4.6 billion, up at 10% on a yearly basis thanks to expanding music streaming services and their paying subscribers. Mitch Glazier, President of RIAA …

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Genie Music introduces 5G music streaming platform

Telecommunications provider KT’s affiliate, Genie Music is all set to launch a new music streaming platform using fifth-generation (5G) networks. With an aim to capitalize on the ever-growing mobile music market, the music 5G platform will feature both music streaming service and visual content. Kim Hoon-bae, CEO, Genie Music quoted, “Visual content will be a …

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Music streaming services are on rise in UK

According to reports, music streaming services have overtaken radio among the British youngsters. Online music streaming services now account for 8% of all audio listening in the UK. 15-24 year old Brits spend around 29% of their time on listening to online streaming music, and 9% using music video channels/ sites for background listening. The …

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Pandora and AT&T sign partnership deal for mobile music streaming service

Telecom giant, AT&T has partnered with Pandora to provide a music streaming service as part of the wireless carrier’s premium mobile subscription. Under the deal, AT&T’s 142 million mobile subscribers will get access to Pandora Premium. With competition from Spotify and Apple Music looming large, the partnership with AT&T opens up opportunity for Pandora as …

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Music streaming services gain popularity in Germany

According to reports, nearly 7 out of 10 internet users in Germany (69 percent) claim to use music streaming services. Around 15.40 percent of respondents said to have used music streaming services such as Spotify and Napster, while one-third of users (34 percent) said to have subscribed to pay-for-premium streaming services. The report also states …

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Apple online audio streaming platform reaches 50 million subscription

Technology giant, Apple music streaming service, Apple Music has hit the 50 million subscribers mark, a big leap from the 40 million, as reported in April. According to reports, Apple is committed to develop original on-demand video content with an aim to diversify into the domain of Netflix and Amazon Prime. Tim Cook, CEO, Apple …

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Twitter writes off its investment in SoundCloud

Twitter has written down almost $70 million investment in SoundCloud referring that digital music industry is a challenging industry to rake in. Jack Dorsey, CEO Twitter, invested in music streaming service SoundCloud in 2016 and has written off the deal in one year. It is said that Twitter has realized that the invested amount cannot …

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Spotify to hit 100 million subscribers soon

There is no looking back for the Swedish online audio streaming giant Spotify, as it is going to enter the 100 million hallmark very soon. Spotify which was hit with a whopping $1.6 billion lawsuit recently, following allegations of bypassing mechanical licenses, according to rumors, may go public on the NYSE next month. Spotify has …

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Amazon Music shall now be streamed on Samsung TV

Samsung is all geared up to stay ahead in the electronics and IT game and has announced that its TV range will include Amazon Music through the Smart Hub. All of Samsung’s Smart TV range in the US, the UK, Germany, Austria, France, Italy and Spain will integrate Amazon Music’s streaming services including Amazon Music …

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