Avengers, Assemble – Marvel’s superhero franchise can teach your business how to tackle digital disruption April 29, 2019 It’s fair to assume that for Marvel fans sitting down to watch the recently released Avengers: Endgame, their first thought won’t be what it teaches us about digital disruption – they’ll be wondering how the dream team will defeat the Mad Titan Thanos, and who will still be standing when the credits roll. However, with [...]
Music rights firm One Media IP sees profits soar as it cashes in on streaming April 9, 2019 Shares in music rights company One Media IP jumped as much as 15 per cent this morning after it reported a huge rise in profits for the full year. One Media posted a 16 per cent rise in revenue to £2.7m in the year to the end of October, while pre-tax profit soared 63 per [...]
Apple Music overtakes Spotify for number of paid subscribers in the US April 6, 2019 Apple Music’s streaming service has overtaken Spotify in terms of paid subscribers in the United States for the first time, according to Reuters. As of the end of February this year, Apple had amassed 28m subscribers for its product, compared with Spotify’s 26m, the report claimed. Read more: Social media giants to be held responsible [...]
Audioboom posts record quarterly revenues as it cashes in on podcast boom April 3, 2019 Podcast platform Audioboom has posted a surge in quarterly profits as appetite for on-demand listening continues to grow. The London-listed firm saw its revenue rise 180 per cent year-on-year to $4.6m (£3.5m) in the three months to the end of March. Read more: BBC removes podcasts from rival Google service Audioboom said it has boosted [...]
Global music industry revenue grows 10 per cent as streaming booms April 2, 2019 Global music industry revenues grew almost 10 per cent last year as the rise in streaming services offset a decline in physical formats. Revenues grew 9.7 per cent in 2018 to hit $19.1bn (£14.7bn), according to the latest figures from the International Federation of the Phonographic Industry (IFPI). Read more: Music streaming revenues overtake ownership [...]
Spotify makes latest podcast acquisition as it looks to cash in on true crime March 26, 2019 Spotify has snapped up its third podcast company of the year as it looks to double down on the format amid a boom in on-demand listening. The Swedish streaming service today said it had acquired Parcast, a podcast studio specialising in true crime series. Read more: Apple hits back at Spotify in App Store war [...]
BBC pulls podcast content from Google’s rival service March 26, 2019 The BBC has blocked its podcasts from appearing on Google's own rival services, including Google Assistant. New episodes for BBC podcasts stopped appearing on the Google Podcast app sometime on 19 March, according to Pod News, with podcasts now being removed entirely from the platform. BBC distribution and business development director Kieran Clifton confirmed that the [...]
Record label income grows amid rise in streaming subscriptions March 21, 2019 UK recorded music revenues rose more than three per cent last year as the popularity of streaming services shows no signs of slowing. New figures from trade body BPI revealed record label revenues hit £865.5m in 2018, the highest level in almost a decade. Read more: Music streaming revenues overtake ownership for the first time [...]
Revamp media regulation to help broadcasters take on Netflix, BBC chairman urges March 18, 2019 The UK’s media regulation must be overhauled to protect public service broadcasters from rivals such as Netflix, the BBC chairman said today. Speaking at the Oxford Media Convention this morning, Sir David Clementi said existing regulation is not fit for the digital age and must be updated to ensure British broadcasters can take on global [...]
Apple slams Spotify for wanting ‘benefits of a free app without being free’ March 15, 2019 Apple has hit back at Spotify’s EU competition complaint, saying the streaming service wants “all the benefits of a free app without being free”. Earlier this week Spotify filed a complaint with EU competition authorities over the way the tech giant’s App Store works. Read more: Spotify reports Apple to EU commission over antitrust concerns [...]