RAIN 9/14: Pandora founder Westergren keynote highlights RAIN Summit Chicago

Michael Schmitt
September 14, 2011 - 12:00pm

Yesterday was the sold-out RAIN Summit Chicago and -- thanks to the dozens of speakers and experts who shared their insights with us -- it was a big success.

The Summit was keynoted by Pandora founder and Chief Strategy Officer Tim Westergren. He argued that there is "little doubt that the future of radio is Internet radio...[and] the music industry should be doing everything it can to encourage this shift."

Radio Ink has more coverage of Westergren's keynote here and hereRadio World and FMQB also have more coverage here and here, respectively.

RAIN Summit Chicago also featured panel after panel filled with informative and entertaining discussions. The afternoon included panels about ratings, legal issues and two separate discussions on mobile streaming.

RAIN Summit Chicago's sold-out ballroomTom Taylor (who moderated our legal panel) has excellent coverage of the Summit in Radio-Info here.

RAIN publisher Kurt Hanson presented his updated State of the Industry address where he estimated Pandora's current audience size (much bigger than you think) and argued that "it's time to make your move" and "pour it on."

All Access has more coverage of Hanson's address (and the rest of the Summit) here.

Video coverage of RAIN Summit Chicago will be posted in coming days and we'll have more coverage soon, so stay tuned!

Paul Maloney
September 14, 2011 - 12:00pm

Livio Radio debuted their latest in-car Internet radio solution yesterday, the Bluetooth Internet Radio Car Kit.  

"The Kit" connects an Apple iPhone or iPod, with the Livio Radio app, to any FM car stereo, allowing the user to stream more than 45-thousand stations in the car.

Read more from Livio here.

Michael Schmitt
September 14, 2011 - 12:00pm

iHeartRadio new player

New articles from USA Today, Forbes and Reuters highlight the newly-updated iHeartRadio from Clear Channel (with custom radio features) and what it means for Pandora.

 
The USA Today article in particular positions the two services as rivals. Clear Channel boasts a deeper music library, but Pandora has humans analyzing song characteristics. Plus Pandora has a considerable lead, the article points out.
 
Pandora's new website"This is something they [Clear Channel] should have done years ago. It's too late," Inside Digital Media analyst Phil Leigh told USA Today.
 
Though Clear Channel's Bob Pittman questions if Pandora is a "sustainable business" (in Forbes here), he tells Reuters that Pandora is "not a competitor of ours -- we overlap in a tiny part of our business...they created a nice feature and a nice product so hats off to them." Find more coverage here.
 
Pandora's Westergren told USA Today (here): "The largest traditional broadcaster is recognizing that personalized radio is the future...how cool is that?"

 

Michael Schmitt
September 14, 2011 - 12:00pm

Turntable.fm's new iPhone app

Innovative social Internet radio service Turntable.fm has launched a much-anticipated iPhone app. Meanwhile, Bloomberg reports the service is discussing a licensing deal with the four major record labels. 
 
"The New York-based startup is seeking an agreement that will allow users to legally stream music in the U.S. and abroad," writes Bloomberg. Said Turntable.fm's CEO Billy Chasen: “We want to grow internationally...part of that is talking with all the labels and getting deals and licenses in place."
 
The company also confirmed that it recently received an investment of $7 million (which was speculated about back in July, RAIN coverage here).
 
Find Bloomberg's coverage here and more on Turntable.fm's new iPhone app from CBS News here.