8/28/13: More key industry leaders sign as panelists for RAIN Summit Orlando

Paul Maloney
August 28, 2013 - 12:00pm

President of Digital for Clear Channel Media Brian Lakamp is yet another of the industry's top execs who'll speak at RAIN Summit Orlando, September 17.

Lakamp (right) oversees not only infrastructure, tools, and social media integration for Clear Channel local stations’ branded Internet properties -- but the company's iHeartRadio digital property. In July the iHeartRadio Talk service was added to the platform, which also includes over 1,500 broadcast streams, mood-related "Perfect For" channels, and user-created "Custom Stations" music channels.

Lakamp will speak as a panelist on the "Streaming Music Trends" discussion (which we first announced in RAIN here), covering online listener habits and behavior, sharing strategies, music recommendation technology, and more.

RAIN Summit Orlando will also features the "Building a Top Digital Sales Team" panel, to offer input on staffing and training your digital sales department (see other panelists here). Joining this discussion are Radiate Media VP/Digital Sales Kurt Gentry (left), and director of digital underwriting at New York Public Radio Sarah van Mosel (right).

Radiate Media provides software and services like local news, weather, and traffic as well as marketing tools. Before joing the company in January 2012, Gentry was involved with ownership, management, and sales positions in broadcast radio and television.

New York Public Radio's van Mosel handles revenue generation for all of NYPR's digital properties, like the popular "Here’s the Thing with Alec Baldwin," "Freakonomics Radio," and "Radiolab" podcasts. She was previously SVP of sales and marketing at InterTech Media; and worked for MJI Interactive (which is now Triton Digital).

Joining the talk to explore revenue strategies beyond spot sales is Daniel Anstandig, who's CEO of LDR Interactive. LDR's "crowdcasting" software integrate real-time audience interaction into a broadcaster's live programming. Clients include Clear Channel Radio, CBS, Hubbard, Bell/Astral Media, Virgin Radio in Europe, and Harvard Broadcasting. Andstandig (left) is former president of McVay New Media and a VP/consultant with McVay Media Consulting. He began in Internet radio as founder of Radio DAER in 1997.

The "Alternative Revenue Strategies" panel (there's more on this panel in RAIN here), on which he'll speak, will deal with incremental revenue for streaming audio companies, including performance-based and direct-response campaigns, ad exchanges, daily deals, and more.

RAIN Summit Orlando is September 17, leading off The Radio Show from the NAB and RAB. Entercom Communications president and CEO David Field will give the keynote address, and GroupM Next executives will present their research on streaming audio and advertising. RAIN publisher Kurt Hanson will make his "State of the Industry" address, and the day will conclude with the presentation of the RAIN Internet Radio Awards and the RAIN Reader cocktail party.

Get the latest information on the Summit here, and register for RAIN Summit Orlando here. Since the Summit is an Official Partner Event to The Radio Show produced by the NAB and RAB, there's a special two-for-one discount for those attending both events. Simply select the "Radio Show + RAIN Summit" package when you register for the Radio Show.

Paul Maloney
August 28, 2013 - 12:00pm

Research firm IBISWorld has released a paper that reports powerful growth over the past five years in Internet radio listening, driven by the surging number of mobile connections.

However, the firm predicts that growth will slow somewhat in coming years, the industry will remain concentrated and dominated by leading webcaster Pandora, and that the current royalty rates keep significant profits elusive.

The "Internet Radio Broadcasting in the U.S.: Market Research Report" paper reports 53% annualized growth in the number of mobile Internet connections powered 16.5% annualized growth of Internet radio listening beginning in 2009. IBISWorld estimates industry revenue to have grow an annualized 42% to $766.7 million over the five years ending in 2013, including growth of 13% this year alone.

Looking forward, researchers predict growth in Net radio usage will slow as the industry matures. Plus, "without music royalty reform, it will be difficult for the industry to achieve significant profit growth," the company's press release reads.

The researchers predict continued dominance by Pandora in the coming years, as it will be difficult for new competitors to attract audiences away from established players. Apple's forthcoming iTunes Radio will likely have the best shot, but even so, industry concentration will likely remain high.

See more from the report here.

Paul Maloney
August 28, 2013 - 12:00pm

After a settlement and deal with EMI Music Publishing, online music service Grooveshark has reportedly settled and licensed with the industry's largest publishing group, Sony/ATV.

Grooveshark has been subject to litigation from all the major record labels, which own the performance rights to most mainstream music. Last month, Grooveshark was blacklisted by Google's search "autocomplete" function after repeated complaints from copyright owners.

Read more from The Verge here.