3/20/13: MVYRadio's Gallagher, SBS's Polsky join RAIN Summit to talk revenue strategies

Paul Maloney
March 20, 2013 - 12:15pm

Congratulations to MVYRadio's Joe Gallagher. First, the Friends of MVYRadio group successfully raised over $600-thousand to allow the beloved and storied Martha's Vineyard station to maintain staff and continue operations as a non-profit online-only service (read more here).

Now, it turns out, MVYRadio's programming will actually return to the airwaves, but in Newport, RI (you can read more about that here).

Gallagher will join the "Jump Start Your Revenue" panel at RAIN Summit West, April 7 in Las Vegas. Sponsored by Triton Digital, and moderated by Triton Digital's Dominick Milano (announced here), this panel discussion will focus specifically on revenue strategies for webcasters (both advertiser- and listener-sourced).

Gallagher (pictured right) is president/CEO of Aritaur Communications, WMVY's former owner, but continues to work with the station in its viability efforts. He's also managing director at Angel Street Capital, which is focused on investing in digital media start-ups.

Also joining the discussion is SBS Interactive VP/Digital Media Andrew Polsky (pictured left). SBS is the U.S.'s largest publicly traded Hispanic-controlled media and entertainment company, with 21 radio stations across the country. Polsky's experience includes digital media sales posts with SBS, CBS, and The Miami Herald.

We announced last week Michael Jackel, VP/West Coast Advertising Sales for leading music subscription service Spotify, will also join us for this panel, as will VP/Sales for Katz360 Dean Mandel (in RAIN here).

RAIN Summit West is Sunday, April 7 in Las Vegas. The annual full-day Internet radio conference is a co- located education program of the NAB Show. Now in its 12th year, the Summit focuses on the intersection of radio and the Internet. Keynoting the even will be RAB president and CEO Erica Farber (more in RAIN here) and Rhapsody International president Jon Irwin (more here). Register today, while there are still seats available, via the RAIN Summit West page. And look for the RAIN Reader Discount Code in the P.S. of your RAIN Daily e-mail (subscribe here).

Paul Maloney
March 20, 2013 - 12:15pm

Leading webcaster Pandora says it expects the share of its revenue it pays to license copyright music will fall. CFO Mike Herring said the company is counting on royalties to fall from 60% of its revenue to 40% "over the next few years." Pandora's plan is to both increase ad revenues, and decrease royalties.

Herring spoke at a Roth Capital Partners investor conference yesterday. He told investors improved ad-targeting and interactive features will increase the value of the ads Pandora runs, allowing a higher premium. Pandora is also counting on a stronger showing when royalty rates are determined for the next 5-year term (the process begins in January), and perhaps legislative relief in the form of the Internet Radio Fairness Act (more in RAIN here).

Though Pandora claims 8.5% of overall U.S. radio listening, its revenue is only 1% of the radio industry's. Music royalties came to 61% of Pandora's $125.1 million in revenue during the quarter ending January 31 (see RAIN here). That was up from 59% the previous year.

Read Bloomberg.com's coverage of Herring's speech at Roth Capital Partners here.

Paul Maloney
March 20, 2013 - 12:15pm

New research from Vision Critical shows what most North American adults use AM/FM radio as their leading music source, but that digital options are quickly decreasing radio's lead.

While two-thirds of American and Canadian adults listen to broadcast radio (either via AM/FM or streamed online) every week, leading online sources like YouTube, Pandora, and Spotify "have gained a strong foothold." This is especially true in the U.S., as Pandora and Spotify are not officially available to Canadians.

More than 1 in 4 American adults regularly listen to music online, according to Vision Critical, while only about 1 in 5 Canadians do.

Vision Critical's study was released in conjunction with Canadian Music Week happening now in Toronto.

Paul Maloney
March 20, 2013 - 12:15pm

In a single minute, Pandora plays 61,141 hours of music. In a single minute, more than 204 million emails are sent (most end up in my spam folder!). In a single minute, Amazon makes $83,000 in sales, 6 million Facebook pages are viewed, and 1.3 million videos are viewed on YouTube.

A minute on the Internet sees 639,800 gigabytes of data transferred.

Nothing more to add here, we just thought this was a super cool infograph from Intel. Click the graphic to get a nice, big, legible version. And read more in Intel's Inside Scoop here.