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RAIN 5/24: RadioIO parent company revenues up over 60% in Q1

Posted on: 05/24/2011

NUMBERS DON’T INCLUDE NEW REVENUE FROM BUBBA THE LOVE SPONGE SUBSCRIBERS

IO World Media, the company behind RadioIO and Bubba the Love Sponge’s new online efforts (RAIN coverage here) reports that their Q1 revenues rose 61.4% to $293,000. The company posted a net loss of $248,000, up from a loss of $232,000 in Q1 of 2010.

However, those numbers don’t include revenues from Bubba the Love Sponge’s launch on RadioIO, due to accounting principles. Bubba’s February subscription promotion earned the company nearly $1 million in discounted subscription revenues (RAIN coverage here).

IO World Media ended the quarter with $762,000 on hand, compared to $2,000 last year. RBR has more coverage about IO World Media’s Q1 report here, as does All Access here.

SONOS ADDS MOG, OFFERS 14-DAY FREE TRIAL

Sonos, the maker of wireless home music systems, has added MOG‘s music subscription service. MOG joins Sonos’ long-list of other supported services, including Pandora, Last.fm, Rdio, iHeartRadio, Napster, Rhapsody, Spotify, TuneIn Radio, Wolfgang’s Vault and Sirius XM Internet radio.

Additionally, Sonos users get a free 14-day trial of MOG. MOG offers on-demand music access plus highly-customizable artist radio channels. More information can be found in the companies’ press release here.

ANDROID APP SPORTS LOCATION-BASED RADIO WITH FOURSQUARE FEATURES

The Guardian today tips us to a free Android app called Raditaz, which offers Pandora-like streaming radio wrapped around location-aware features and other Foursquare-inspired elements.

“In other words, [you can] create streaming radio stations based on your location, and earn points and badges for your activity within the app,” writes the Guardian (here).

LIFEHACKER SHOWS HOW TO MAKE EVERYTHING IN YOUR HOME AIRPLAY-COMPATIBLE

We’ve explained before how Apple’s AirPlay system can create a wireless Internet radio music system in your home — perhaps with gadgets you already own (RAIN coverage here and here). The problem is that most of those gadgets have to be made by Apple; that’s a real bummer for Android or Windows users.

But there are actually plenty of workarounds to get your devices working with AirPlay, even if they weren’t given Steve Jobs’ seal of approval. Lifehacker rounds-up the best ways to get AirPlay working in your home right here.



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