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Warner Music Group: revenue from streaming services on the rise
Warner Music Group reported some great news for digital growth in the company’s October-to-December third quarter. The giant music publishing company’s digital revenue grew 15 percent in recorded music and 36 percent in music publishing, as these numbers were helped by iTunes expansion along with consumer adoption of Spotify. What’s even more impressive about WMG’s third quarter is the company hit a milestone, as U.S. digital music unit sales surpassed those from physical for the first time. Also, revenue from digital music is far and away ahead of music streaming, … Read more
Charles West
Sony to release its Music Unlimited streaming service on iOS
Sony announced that its Music Unlimited streaming music service will finally make its way to iOS at some point this quarter. This streaming music app has been available for Android and PCs for a while now. The iOS version of the app will bring offline caching for subscribers to Sony’s service, allowing them to save playlists for listening when away from a network connection. Tim Schaaff, head of Sony Entertainment Network and Sony’s Michael Aragon assured folks over at CES its Music Unlimited app would differ from its competitors. Their … Read more
Charles West
Comcast rolls out AnyPlay, brings live streaming to the iPad
Today, Comcast announced its plan to roll out live streaming to all of its customers courtesy of its new AnyPlay service. The new service is currently limited to Xfinity HD Triple Play customers in Denver and Nashville, and more markets will be added in the coming months. The AnyPlay service which is accessed through the Xfinity TV app is limited to the iPad, but will be joined in the future by the Motorola Xoom. Users will get thousands of hours of on demand movies and TV shows available for viewing both inside and … Read more
Charles West
UK music distributor pulling 200+ labels from Spotify, Rdio
U.K. music distributor STHoldings has decided to remove all of its distributed content from music services including Spotify, Simfy, Rdio and Napster, all of which have mobile counterparts. Streaming music services are taking a hit because the U.K. distributor believes the new business model isn’t helping the industry. On its site STHoldings said: “As a distributor we have to do what is best for our labels. The majority of which do not want their music on such services. They give poor revenue and have a detrimental affect on sales. Add … Read more
Charles West
Pandora CTO: Half of Americans don’t pay for music
Pandora CTO Tom Conrad unveiled an interesting tidbit that explained how half of Americans don’t pay for music. Conrad mentioned that his company plans to capitalize on this statistic by monetizing the vast majority of listeners who pay little or nothing per year for music, this was said today at GigaOm’s RoadMap conference in San Francisco. He then broke down some interesting points, which included how Pandora planned to accomplish such a feat. According to Conrad, 40 percent of the population only pay about $15 a year, which is the cost of an album or … Read more
Charles West
Spotify now available on Windows Phone
Windows Phone users who love streaming music can now rejoice, as the wildly popular Spotify has made its way to Microsoft’s mobile operating system. The streaming service runs on a monthly subscription, which allows customers to stream millions of songs all for the price of $9.99/month. Furthermore, the music streaming service lets you share your music on Facebook, Twitter, and Windows Live Messenger. Other noteworthy additions to Windows Phone by Spotify include: Browse and play your friends’ Spotify top tracks, artists, and playlists Pin your playlists as Live Tiles to your Start screen … Read more