SiriusXM Revenue Increases 4% in Q3
With $2.28 billion in Q3 of 2022, SiriusXM's revenue was up 4% compared to Q3 of 2021. The company recorded net income of $247 million compared to $343 million in 2021.
iHeart, Facebook’s Meta to Host VR Concert
iHeartMedia and Facebook parent company Meta Platforms are teaming up to produce a virtual reality concert. The show, J Balvin Futurum: A VR Concert Experience, will debut on Meta's virtual reality platform Horizon Worlds on February 17 at 9 p.m. Eastern Time.
Gimme Radio Folds Even After iHeart Investment
Niche online streamer Gimme Radio will shut down on April 29 after six years of operation. Co-founder and CEO Tyler Lenane made the announcement in a lengthy post on April 10.
Ros Goes In The Paint With Amazon’s Amp
Amazon's live radio app Amp has introduced a new exclusive basketball show called Sideline Stroll with Ros, hosted by broadcaster Ros Gold-Onwude. The show will feature notable guests from the basketball world and will cover news, culture, and off-the-court stories.
Spotify Looking For Love On Tinder With New Users
While they’ve officially been in a relationship since 2016, Spotify and Tinder have reached a new deal hoping that more of the dating app’s Gold and Platinum members will swipe right on a Spotify Premium membership.
Arabic Music Streamer Anghami Gets Boost From Saudi Backers
SRMG Ventures, the venture capital division of Riyadh-based conglomerate Saudi Research and Media Group, has invested $5 million in Anghami, an Arab-focused music streaming service as Middle East and North Africa music streaming is projected to reach $700 million by 2026.
SiriusXM Preps Full Court Press For Upcoming NBA Season
SiriusXM is stepping up to the line to deliver audio coverage for the 2023-24 NBA season, broadcasting every game from Opening Night through to The Finals. The coverage includes the NBA's new In-Season Tournament featuring all 30 teams.
Apple Slapped In EU Anti-Trust Case Brought On By Spotify
Apple is currently facing potential sanctions from the European Union, including a substantial fine and changes to its App Store policies, over a complaint from Spotify. Spotify alleged that Apple’s App Store control forced them to increase subscription prices.
Audacy Makes Podcasting RIF As Restructuring Continues
Audacy has announced cuts to its podcast division, laying off around 25% of its Pineapple Street Studios staff. The company will be eliminating approximately 12 roles, as reported to Bloomberg by an anonymous source close to the matter.
AdLarge Moves Forward On Female-Focused Podcast Network
Designed to foster collaboration between advertisers and female creators, podcast advertising sales network AdLarge has introduced the fwd. network. This new network offers access to exclusive female-focused digital content and audiences.
Our Print Magazine: Radio Ink
25th Anniversary: The Most Influential Women In Radio
Publisher's Beat: She Persisted
