LABEL LICENSING-PALOOZA: First up today is a scattering of articles from the various radio trades on yesterday’s label direct licensing announcements. As usual, RAIN has the most in-depth coverage with a fairly detailed guesstimate on our strategic roadmap moving forward. Obviously yesterday was only the beginning of the next chapter for Pandora’s product evolution. Of course it’s an exciting time internally. And it’s also nice to see that we’ve captured the marketplace’s full attention! (1) http://rainnews.com/pandora-closes-licensing-deals-draws-closer-to-new-service-launch/ (2) http://www.insideradio.com/free/latest-pandora-strategy-could-yield-b-sub-business/article_7dbec1bc-7a47-11e6-9586-3f74394c07c6.htm (3) http://radioink.com/2016/09/13/7589/
POSITIVE FORECAST: Zenith Media is out with a rosy forecast on US Ad Spending – adjusting up its 2016 annual forecast to +4.4%. This isn’t surprising give the quadrennial injection of ad money for Summer Olympics and the Prez Election. What’s even more encouraging is that Zenith is forecasting another 3-4% growth in 2017 and again in 2018, which means they’re not expecting a “peak and reset” after 2016. Zenith does a nice job of breaking down the projections for the different media types, so give it a read. And some quick notes on the graph below – these percentages are from 2015 since it’s the last complete year data set. And Internet Radio is bucketed under Internet instead of Radio. http://www.insideradio.com/zenith-global-ad-market-growing-to-b/article_c0924410-7988-11e6-9920-87ad077349b5.html
GIMME MY MONEY!: Ok, here’s a weird one. Tidal is accumulating a small mountain of unpaid bills, and several companies have initiated a debt collection processes against them. Some of these seem a little small not to pay – although I would have enjoyed being at the $6,200 USD Norwegian dinner they had an outstanding bill for. J Maybe just an operational hiccup in Tidal’s Accounts Payable department? Or maybe where there’s smoke there’s fire? http://www.businessinsider.com/jay-z-music-streaming-service-tidal-accused-of-not-paying-its-bills-2016-9
Have a great Wednesday guys!
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