Music Streaming

The Importance of Content: Exaget Week in Review

January 29, 2015

Exaget Week in review

In last week’s Week in Review we looked at the growth and acquisition of some well-known and emerging music streaming services as this market becomes increasingly competitive.

This week we’re looking at the various ways in which brands and companies use their content across a variety of platforms to reach new audiences while keeping their current ones happy.

 

BBC to test ‘experimental’ digital technology and content

The BBC has launched an online platform, BBC Taster, which will allow them to develop and test ideas for digital content and technology, which audiences will be able to watch and rate; such as interactive, short-form or social content, online features, as well as digital technology from BBC Future Media. The BBC hopes that this platform will enable them to respond to changing media habits as well as better serve its audience from gained feedback.

 

Umano offers streaming narrations of the web’s written work

Quite simply, Umano reads the internet for you, so that you don’t have to. The company supplies audio narrations of written web content, and currently has access to articles from several outlets, such as Forbes, Digital Trends, and VentureBeat. Umano’s PR have stated all narrations have links back to the original written posts, which will drive new traffic to the original publishers. Available as a free app for iOS and Android, the programme has already seen millions of downloads and streams, according to their PR. It’s good to see illiteracy levels being kept down….

 

Rdio launches in new countries & partners with Digicel

Rdio continues its empirical expansion into 24 new countries and territories across the Caribbean, Central America and Asia Pacific, as well as partnering with mobile phone network Digicel. 30 minutes of free Rdio internet radio listening will be offered to Digicel prepaid customers per day. A pay structure is, however, to be developed and launched in due time. These moves come following Rdio’s recent launch in India, where last year they acquired music streaming service Dhingana. Rdio CEO Anthony Bay had previously hinted at expansion plans: ‘Our ultimate goal is to be everywhere.’

 

Twitter tries to up its game with native video

Twitter is set to take on the likes of Facebook and YouTube in the world of native video content. Video is both a crucial and an important form of content for Twitter, as it drives engagement and generates more revenue than other forms of media. By launching its own video platform, users will be encouraged to upload their videos directly to Twitter rather than post links to clips on Facebook or YouTube, or any other video platform.

 

If you are interested in becoming a broadcasting partner, or would like to know what our integrating technology can do for you, contact our Partnership Account Manager Matthew Layton – matthew.layton@exaget.com or +447533517396

If you are interested in advertising opportunities, please contact the CEO of Exaget, Shankar Meembat –shankar.meembat@exaget.com or +447411130680

NPR One – The blueprint for mobile radio apps?

January 21, 2015

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Statistically, online radio listening is increasing year-on-year, with the biggest percentage of listeners falling in the 12-24 years of age bracket; and it’s the same story for music streaming services. As both audio platforms try to boost their listener percentage, they must look at what makes them different from their competitors. But online radio looks like it might have an advantage…

 

BURSTING AT THE SEAMS

There is no denying that the online music streaming industry is over-saturated. Just off the top of your head you would probably be able to name Spotify, Pandora, Deezer, SoundCloud and Grooveshark. And that’s just the big international players – imagine how many more, local, music streaming services there are the world over. Just last week it was announced that Tesco’s ex-music streaming service, Blinkbox Music, is to be sold to Guvera, yet another such service, hailing from Australia. French service Deezer acquired US based Muve Music to expand their music streaming footprint in America. And yet again this week we have been informed of two – yes, two – more music streaming services that we should keep our ears peeled for – Boomio and Nusiki, who both lay claims to providing users with services that are different, and better, than their competitors.

 

‘IF INSTAGRAM AND SPOTIFY HAD A KID’

Brian Hewitt, co-founder of Chicago-based Nusiki, has described this new app as ‘if Instagram and Spotify had a kid’. The secret, it seems, in launching these new apps, is in implementing small features which other apps have overlooked and making a big fuss over that. Spotify shares music too publicly? Ok, we’ll make our sharing system more controlled, as in the case of Nusiki. After all, it’s the little things that make the difference, a phrase that seems to carry a lot of weight in the world of music streaming.

Boomio’s mantra seems to be ‘sharing is caring’ as users pick a song to listen to and share, and at the end are prompted to either re-share in order to hear the next song or buy the track on iTunes. Sharing can be done to an individual, a group, or a social network.

But at the end of the day, music streaming services are limited in what they can offer to the listener when compared to the content of radio. Radio stations are of course already available on mobile phones, but they often lack that element of personalisation that such services as Spotify and Pandora offer. But what if there was an app that brought to you relevant news and stories, in bite sized chunks, from your local radio station as well as internationally, with the curation aspect of music streaming services?

Larry Rosin, president of Edison Research, has recently talked about one such app – NPR One. Dubbed ‘Public radio made personal’, it is available only in the US, although users worldwide can still download it and listen in. The app itself has many great qualities, but it’s not just good; it could well be a blue-print for future radio apps with which to take the online audio platform by storm.

 

‘PANDORA-ITISATION OF CONTENT’

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The advantages of radio are numerous and well-known. One of the oldest social mediums, it still continues to have a large relevance in people’s day-to-day lives. What NPR One does so well is offer their listeners efficiency. Up-to-date relevant news and stories, in under 5 or 10 minutes. Like the music streaming services, you can skip stories, flag your favourite, and share. But it also reminds the listener that there is a local public radio station as part of its programme, and one that needs financial support. Through this scheme the app inspires a wholesome community feel; radio really does bring people together.

Of course, NPR One only deals with news and stories; there is no music, no presenter tete-a-tete, no real-time traffic and weather updates. But all of these typical radio features could be merged with NPR One’s principal concept to create great personalised radio apps, which would have a better value to listeners than all the current numerous music streaming services which fundamentally all do the same thing, albeit in differently packaged ways.

And it’s not just broadcasters and listeners who would benefit from such apps; advertisers too could cash in by the implementation of personalised user-targeted ads.

The moral of the story? NPR One have a great mission and concept. Taken on a global scale and implemented by other radio apps, mobile radio would certainly offer much more than music streaming services – the varied content of radio, with the curated personalisation of music streaming, and adverts tailored to both listener and broadcaster. We all know that radio as a medium is still going strong, with audience figures constantly on the up, and it’s refreshing to see that younger listeners haven’t been completely sucked in by the world of streaming – at least, not in the UK. 

 

If you are interested in becoming a broadcasting partner, or would like to know what our integrating technology can do for you, contact our Partnership Account Manager Matthew Layton – matthew.layton@exaget.com or +447533517396

If you are interested in advertising opportunities, please contact the CEO of Exaget, Shankar Meembat –shankar.meembat@exaget.com or +447411130680

 

The Tide Turns for Music Streaming: Exaget Week in Review

January 15, 2015

Exaget Week in review

In our last Week in Review, we took a look into our crystal ball to see what new ventures may be coming out of the woodwork this year – including the futuristic concept of smart glasses.

This week, however, we turn our attention back to something that is already a big, popular, and sought-after phenomena – music streaming services. With Tesco last week announcing its sale of Blinkbox, the streaming services scene is about to become even more competitive as two new rivals are set to emerge this year:  

 

Tesco close to selling Blinkbox Music

Last week, one of Britain’s largest retailers sold their video streaming service, Blinkbox Movies, to telecoms business TalkTalk in a bid to reel in cash spend – and profit loss. This week they are set to sell Blinkbox Music, their music streaming service, to Australian company Guvera, who are already big in Asia and partnered with Lenovo. Guvera will use this acquisition as a means to get their foot into the UK and European market. Under their management, Blinkbox Music will undergo a face transplant in the form of new branding.

 

Deezer acquires Muve Music

We bring our attention back to European players – more specifically, to French music streaming service Deezer. They already launched in the US in September 2014 following a partnership with Sonos, but now, with the acquisition of Muve Music, they are set to expand their presence in the US – which is also home to perhaps their biggest rival, Pandora. What will make Deezer different? Access to an impressive 35 million tracks, and a tantalising price of $6 per month, compared to the $10 that most other services charge. Will this launch them into a big player on the scale of Pandora? Watch this space…

 

Why mobile is key to Spotify’s future growth

Swedish music streaming behemoth Spotify is this week celebrating 15m paid subscribers and 60m active users; and more than half of these users are streaming via their mobile devices. Statistics show that 42% stream on smartphones, and 10% on tablets. Their free streaming on mobile through their shuffle feature increased their amount of mobile listeners dramatically; but now their goal is to transfer these listeners into paid subscribers. But with Apple to automatically install Beats Music on their iPhones, it will be interesting to monitor how this will affect Spotify’s iOS users.

 

Radio still beats digital for music discovery

Despite the influx of music streaming services vying for your attention, ears, and wallets, the days of the radio are still going strong. The latest statistics from Nielsen have shown that 51% of music consumers in the US find new songs through the radio – that’s an impressive 243 million. The figures include all platforms of radio; car radios, AM/FM sets, and online radio. They also show that listening in the car is the most common way of enjoying music; and that Disney’s Frozen soundtrack is the number one listened to. It looks like there’s no letting go of it…..see what we did there?

 

If you are interested in becoming a broadcasting partner, or would like to know what our integrating technology can do for you, contact our Partnership Account Manager Matthew Layton – matthew.layton@exaget.com or +447533517396

If you are interested in advertising opportunities, please contact the CEO of Exaget, Shankar Meembat –shankar.meembat@exaget.com or +447411130680

Exaget Week In Review: Music Streaming, Mobile Local Ad and Radio Listening

June 12, 2014

Music Streaming, Mobile Local Ad,Radio

Boutique investment banking firm Coady Diemar released its June edition of the Random Bits note to investors.Focused on digital music, with particular attention to the Apple/Beats acquisition, the analysis concludes that the so-called access model is supplanting music ownership.

Locally targeted mobile ads will represent more than half of overall U.S. mobile ad spending by 2018, largely driven by local marketing initiatives of national advertisers

PPL (Phonographic Performers Limited), the British collection agency of performance royalties to labels and artists, announced its 2013 revenues, showing year-over-year growth in money collected, and clients served.

Main points from Price Waterhouse Cooper’s Entertainment and Media Outlook study – an analysis and economic projection of several media industry categories that was introduced in a live webcast.

Edison Research has spun out a new segment of The Infinite Dial 2014 survey, co-produced with Triton Digital.

Here’s this week’s round up:

Coady Diemar: Streaming is already the next thing

Authored by investment bankers Chris Ensley and Colin Knudsen, tracks the success of the music-download era as driven by the iTunes Music Store.

U.S. Mobile Local Ad Revenues to Reach $4.5 Billion in 2014

U.S. mobile local advertising revenues will reach $4.5 billion in 2014, up from $2.9 billion in 2013, according to BIA/Kelsey, advisor to companies in the local media industry. In its Annual U.S. Local Media Forecast (2013-2018), the firm projects mobile local ad revenues to more than triple over the next five years, reaching $15.7 billion in 2018.

PPL announces growth of British music licensing revenue

The bottom line shows a 4% rise in revenue in 2013 over 2012, to 176.9 British pounds. (Billboard did the currency conversion: $296.5-million.) PPL disclosed that about 40% of collected revenue came from broadcast and streaming sources across radio and television.

More from the PWC Entertainment and Media Outlook: Music and Radio

PWC’s music industry projections hew to the broad sweep of most forecasts: streaming takes the growth lead, physical products continue dropping, and music downloads are threatened. But the exact forecast on that last point might be unique. Though music-download sales dropped in 2013, that skid is forecast to stabilize and remain essentially flat through 2018 in PWC’s modeling.

Public Radio listeners are digitally aware, averse to commercials, and social

The Infinite Dial main report was issued on March 5, and deep dives have been released periodically since then, revealing details of certain demographics and consumer segments. This week, Edison put up some interesting insights about Public Radio P1′s (frequent listeners).

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Exaget Team
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