In a series of posts from Reportlinker, we review the latest music+tech news, with one big statistic per news item. All you need to know, in figures!
The British Broadcasting Corp, the second-largest broadcaster in the world, has a reputation for quality television and radio. Now the BBC is prepared to start a new venture: streaming music services.
1. 50,000 tracks: The number of tracks BBC broadcasts monthly and would make available for listening online for a limited time. BBC’s streaming music service will be different from other services like Spotify and Pandora in that the emphasis is on smaller and independent artists and labels. The music originated during BBC live music sessions as well as recorded tracks. The service will be part of the BBC Music’s Playlister which launched in 2013. Users can either build their own playlists or access ones created by the BBC. Source: Musically
2. 20 million to 30 million tracks: The number of tracks on most commercial, streaming music services. The BBC, however, is not worried. The broadcaster says its music service will be the only one available that is integrated with other digital providers. It has plans to offer additional services in the future including showcasing content from others and offering child-friendly content. The BBC is in the process of developing ways to license music. Source: The Next Web
3. 30 days: The timeframe the BBC is expected to allow users to listen to the songs after they were originally broadcast before it expires and can no longer be listed to in its entirety. Users will be able to add songs to their Playlister playlists only during this time. The service is expected to be free. Playlister allows users to create playlists using songs featured on BBC television programs and radio broadcasts. Only 30 seconds of a Playlister song can be heard. In order to hear the full song, you must use another service. The BBC says Playlister and its upcoming streaming service are not meant to compete with larger services like Spotify, but instead is a public service. Source: The Telegraph
4. $1.07 billion: The annual cost-savings the BBC estimates it will have over the next seven years. The broadcaster operates BBC Radio 1, BBC Radio 2 and BBC6 Music. It calls its streaming music service “a new music discovery service”. The UK music industry and its audience have been affected greatly by the Internet and digital service, BBC said. No date has been released for when the streaming music service will launch. Source: Music Business Worldwide
5. 54%: According to industry body RAJAR, 54% Americans will listen to radio online by 2016. Numbers have been increasing steadily in the UK as well. In 2009, 20.1% of Brits listed to radio online. Today that number is 39.6%. In the United States, commercial radio stations are king, but in the United Kingdom the BBC rules. Commercial stations find it difficult to compete in the UK. Satellite radio isn’t very popular in Europe, so it is forecasted that online radio will overtake satellite radio in ratings soon. Source: European CEO
Melina Druga is an American writer and editor. She is the author of Enterprising Women: Practical Advice for First Time Entrepreneurs.
Photo © BBC Radio 1