SiriusXM, the satellite radio service now used by millions of U.S. subscribers, is now looking to promote its offerings to new customers without the use of a separately purchased satellite radio device installed in their home or car. The company is marketing a new six-month streaming-only subscription in the hopes of competing with streamers like Spotify, Apple Music and Pandora.
Source: Tech Times
Sending a clear signal that in-car entertainment is in the driving seat for automakers, Jaguar Land Rover rolls out the big guns of the rock world by using the Kaiser Chiefs’ frontman to launch its new music app.
Ricky Wilson, lead singer and song writer for the U.K. band, was joined by Elliot Gleave, aka Example, to be the first to try the Spotify app which offers streamed music personalized playlists based on users’ tastes and in-car listening habits.
Digital properties have quickly worked their way from novelty products to serious award show contenders (and winners) in only a matter of a few years, which is an impressive jump that many brands and artists wish they could replicate. Companies like Netflix, Hulu, Amazon and even smaller online distributors and creators have started collecting trophies at the Emmys for various shows, and Netflix has even made an appearance of two at the Oscars.
If the slightly more established business of on-demand video streaming can make waves on the award circuit, why not streaming music?
Expecting Lyor Cohen to make peace with labels is like believing Roger Waters will get back together with David Gilmour for a concert in support of Israeli statehood.
This shows how out of touch YouTube is, I hope the ink isn’t dry.
As for Lyor himself…KUDOS! He crawled from the wreckage into a brand new car.
Source: Lefsetz Letter
Another day, another industry-rattling potential buyout for the streaming music vertical. According to a report posted on the Financial Times website, Spotify is currently in talks to buy SoundCloud. While nothing has been confirmed by either company at this point, the mere prospect of such a combination of powerhouses is exciting, and the idea isn’t too far-fetched either.
Overall satisfaction with paid streaming music service is highest among fully engaged customers—listeners who consume others’ content and who say they “always” or “sometimes” share their own playlists—according to the J.D. Power 2016 Streaming Music Satisfaction Study, released today.
The inaugural study measures overall satisfaction among customers who have used a subscription-based streaming music service within the past six months.
Customer satisfaction is examined across six key measures (listed in order of importance): performance and reliability; ease of use; cost of service; content; communication; and customer service. Scores for each measure are reflected in an index based on a 1,000-point scale.
Continue reading “‘Social’ Becomes Key Battleground for Streaming Music Providers”
Are you a Spotify user who has a list of favorite bands and songs, but do not have the motivation to find and organize all of them into useful playlists?
Today, the streaming company is launching a new service called Daily Mix that is partly aimed at you. Tapping into your own history of albums and tracks that you have listened to on the platform, Daily Mix brings together a selection of these alongside a few new things to create long, “bottomless” playlists of music to keep you listening.
As its name implies, the playlists change every day, and range in number between one and six, depending on how prolific you are on Spotify.
Musicians may grumble about royalty rates, but music streaming services and paid subscriptions are the prime source of revenue in the music industry.A report published by the Recording Industry Association of America (RIAA) said music streaming revenues for the first half of 2016 reached $1.6 billion—a year-on-year increase of 57%.
According to the 2016 Mid-Year RIAA Shipment and Revenue Statistics report, revenues from subscription streaming services more than made up for a continued decline in physical product, with streaming accounting for 47% of all music industry revenue for the year to date.
Jaguar Land Rover will introduce Spotify music streaming to its vehicles starting this month.
The service will be available on all Jaguar and Land Rover vehicles equipped with InControl Apps. Starting September 27, drivers can download Spotify from the Apple App Store, and once their phone is plugged into the car, the music streaming app will automatically show up on the vehicle’s touchscreen. Users don’t need a paid Spotify subscription for this feature to work.
Source: Motor Trend
On the heels of Pandora’s revamped Pandora One $5-per-month streaming product, comes this report from The New York Post that iHeartMedia CEO Bob Pittman plans to launch two new paid options on the iHeartRadio app this week at the iHeartRadio Music Festival in Las Vegas, which begins Friday.
Source: Radio Ink
THIEL Audio announces the launch and preliminary schedule for AURORA Live, a new weekly live concert series filmed at AURORA Nashville, the company’s new state-of-the-art 4K live streaming studio located in downtown Music City.
Featuring a cross-section of radio-ready major label talent and eclectic indie voices that mirrors Nashville’s rich music scene, AURORA Live will deliver an intimate live music experience to fans around the world. The series kicks off Wednesday, September 21 with Arista Records recording artists LANco, whose romantic carpe diem anthem “Long Live Tonight” is currently climbing charts.
Continue reading “THIEL Audio Announces New HD Live Streaming Concert Series AURORA Live”
Is is possible Pandora just dies off? Having missed out on on-demand music in a timely fashion, is it possible that no acquirer comes out of the woodwork? For those that have read our articles on Pandora in the past, you would know that we were bullish about the company eventually being taken over. However, investors betting on Pandora’s new five dollar per month service turning around the company and getting an exponential return on their investment at this point, we think are misguided.
Source: Seeking Alpha