RAIN 10/25: Canada's Astral Radio to launch streaming music service

Michael Schmitt
October 25, 2011 - 11:40am

Astral RadioAstral Radio will launch an on-demand music streaming service this fall, making it the first Canadian radio broadcaster to offer personalized streaming music.

In addition to on-demand functionality, the service will include niche format channels (presumably a series of radio-like curated playlists similar to what Spotify offers, if not customizable streaming radio along the lines of what Pandora and iHeartRadio offer).

Astral says the service will launch online through its Virgin Radio stations, the NRJ network and various Astral Top 40 stations. It will also be available through mobile devices.

You can find Astral Radio's press release here.

Michael Schmitt
October 25, 2011 - 11:40am

Townsquare MediaOn the heels of the New York Post's spotlight on broadcasters "staking out space" online (here), Inside Radio today reports on Townsquare Media -- the third-largest station holder -- "quietly expanding its online portfolio."

Townsquare has launched a series of format and lifestyle websites like Taste of Country, Ultimate Classic Rock and Guy Speed. The goal is reportedly to reach "different demographic groups and cities than it potentially reaches on radio, and attract the advertisers that come along with them."

You can read more in today's issue of Inside Radio. Subscribe to the publication here.

Paul Maloney
October 25, 2011 - 11:40am

Digital Music News last week reported that global performance royalties grew 9.1% (up $130 million) in 2010, to $1.6 billion, according to statistics from Music & Copyright. The biggest contributor of performance royalties was SoundExchange, which collects and administers royalties on sound recordings from Internet radio, cable, and satellite radio.SoundExchange

Last year SoundExchange distributed almost $250 million to copyright owners (record labels) and performers, up from just over $155 million the previous year. 2011 should be even better, as SoundExchange collected 94% more in royalties in the first half of 2011 compared to the first half of last year.

Read coverage from Digital Music News here.

Michael Schmitt
October 25, 2011 - 11:40am

BeoSound 5 EncoreThe BeoSound 5 Encore is the latest Internet radio and home music streaming device from Bang & Olufsen. The device can stream 13,000 web radio stations, not to mention music from mp3 players and your local network.

It also includes Bang & Olufsen's MOTS technology, which can create radio-like instant playlists out of your music (more RAIN coverage here).

The BeoSound 5 Encore goes for $3,350. You can find Ban & Olufsen's press release here.