SiriusXM has announced nearly 60 layoffs in an effort to realign departments following the company’s recent acquisition of Pandora Media, The news was delivered in a memo sent to staffers by Sirius XM CEO Jim Meyer. The memo reportedly reveals that the layoffs were made in order to “better align”…
Category archives: Broadcast & Satellite
Concerts From The Closet: Amy Speace’s “Yes” to Motherhood + Music Making
When critically acclaimed singer/songwriter, Amy Speace, live streamed a Concert Window album preview from her walk-in closet to the fans who had just helped fund its release, it wasn’t because she couldn’t book another venue. It was because she is both a new mom, and a musician, and with a one year old asleep down the hallway, it was a way to say yes to both.
SiriusXM + Pandora Posts Mixed Numbers
SiriusXM today announced missed Q1 2019 operating and financial results. Total revenue of $1.7 billion increased 27% compared to the prior year with growth driven by the acquisition of Pandora. But the purchase also hit net income driving it down 44% to $162 million. Overall revenues grew 26% with Pandora’s…
SiriusXM Launches Low Cost Streaming Only Plan
SiriusXM has added an "Essential" subscription streaming only plan, making its multi-channel service available on mobile, tablet, desktop and other connected devices. Essential subscribers get 300 channels from SiriusXM’s lineup of music, comedy, news, sports and entertainment. The Essential plan is priced at $1 for the first three months, then…
Breaking Down The Gender Play Gap: Men vs Women’s Performance On Music Charts
While a recent Billboard headline proclaiming wome…
SoundExchange Payments Up 16.2% In Q1 2019
SoundExchange distributed $220.7 million in payments to more than 185,000 payees in the first quarter of 2019. This represents a 16.2% increase in distributions and 17.3% increase in payees over the first quarter of 2018. In 2018, SoundExchange distributed a record $953 million in sound recording performance royalties to artists…
If Audio Is Hot, Why Isn’t Radio Partying?
While the massive uptick in the popularity of audio seems like it should be good news for traditional broadcast radio, the reality is that much of this resurgence has manifested in the form of podcasts and new forms of tech like smart speakers. _____________________________ Guest post by Fred Jacobs of…
iHeartMedia’s IPO May Demonstrate Future Of Music Radio
In an effort to pay down its massive debts, iHeartMedia is set to file for an IPO, a move by the bankrupt internet radio company which could be indicative of what the future may hold for other music companies involved in radio, and specifically internet radio, may do moving forward….
Why Would Anyone Invest In Post-Bankruptcy iHeartMedia? Because ‘Radio Motivates Behavior’ says Fred Jacobs
At a time when more younger listeners are tuning out in favor of streaming and other forms of media consumption, broadcast radio giant iHeartMedia is hoping to raise $100 million in an IPO. If an aging audience isn’t enough to scare off investors. the fact that iHeart is just emerging…
Radio Nowhere – Is Anybody Alive Out There?
Radio giant iHeartMedia has filed for a $100 million IPO, even as it just emerges from bankruptcy. William Paterson University Music Business Professor David Philp takes a look at the state of terrestrial radio, its less than graceful handling of the internet’s rise, and why it needs to adapt, as…