RAIN 3/18: Investors consider Net radio perhaps most viable online music play
WEB RADIO COULD “REFUEL REVENUE GROWTH IN DIGITAL MUSIC,” SAYS INVESTOR PLACEWith digital music sales reportedly slowing and Apple’s iTunes dominating 70% of the market anyway, large companies looking to enter the digital music market (like Google) may look elsewhere for the next music boom. “It could come down to Internet radio, not exactly a new idea, that ultimately refuels revenue growth in digital music,” writes Investor Place.
The New York Times also recently wrote that investors were being drawn back to digital music and especially Internet radio.
“Services like iTunes, Pandora and Spotify have shown that with the right product and the right business model, you can effectively monetize digital music, which is kind of new,” Selby Ventures’ Doug Barry told NYT.
Such sentiment was given a boost by Pandora going public. The service “has some key advantages over competition in the consumer experience and in monetization,” argues Seeking Alpha (here). However, USA Today pondered whether Pandora’s IPO — along with other extremely-high valuations of tech companies like Facebook and Twitter — was just creating another tech bubble (here). And Daily Finance rated Pandora’s IPO below LinkedIn and HomeAway (here).
Titans like Google may choose to ride the Internet radio wave started by Pandora, writes Investor Place, rather than trying to take on iTunes in the world of digital music sales. It’s widely known that the search engine giant has some sort of music service up its sleeve and it’s likely to resemble something like Spotify or Pandora. Read more from Investor Place here and NYT here.
KNOWDIGITAL TO PRESENT IN-CAR NET RADIO STUDY AT RAIN SUMMIT WEST; SPECIAL PRICING ENDS SUNDAYA new study on consumers’ perceptions and expectations of in-car Internet radio will be presented at RAIN Summit West 2011 by knowDigital, a division of Coleman Insights. knowDigital president Sam Milkman (pictured) will deliver the video clip-based presentation on how people currently use Internet radio in cars and their expectations for the future.
We’d also like to remind you that our special pricing for the Summit ends this Sunday, March 20. Register now to take advantage of our special standard registration — discounted 30% — or our early bird broadcaster/webcaster rate of only $59. You can register for RAIN Summit West 2011 right here.
Our annual RAIN Internet radio summit in Las Vegas is the premiere learning, sharing, and networking event of the year for Internet radio — and RAIN Summit West 2011 is shaping up to be our best ever! It takes place on April 11 in Las Vegas during the NAB Show and will feature a special keynote presentation from CBS Radio president/CEO Dan Mason. The Summit also includes a packed agenda of panels, speakers and presentations. Find out more here.
SIRIUS XM RELEASES iPAD APPSirius XM has released an app for the Apple iPad. The free app streams the satellite radio broadcaster’s 120 Internet radio stations, including Howard Stern. The app also takes advantage of the iPad’s large screen with album art, artist biographies and other features. Find out more from Sirius XM’s press release here.
“PODCAST NOSTALGIA”? GUARDIAN ROUNDS UP BEST OVERLOOKED SHOWS“The buzz around podcasts has calmed considerably over the last couple of years,” writes the Guardian. “Which is a pity, because subscribing to a good, free podcast remains a terrific way of receiving regular content directly to your computer or mobile.” The article’s author, Chris Salmon, goes on to list some of his top podcast picks. You can read the full article here.
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