It looks like the scales of digital radio listening are gradually tipping towards on-demand radio, as more and more people are choosing to tune in on demand rather than listen to live streaming audio.
According to data from NPR Digital Services, total live streaming hours in the first quarter of 2015 fell six percent from last year in 239 various public radio streams that they surveyed. On the other hand, on-demand listening seems to be growing by a few metrics, accounting for one-third of all digital listening hours. On-demand audio includes podcasts and individual segments initially broadcasted on air.
In another NPR study of 161 member stations, the results showed that users download 40 minutes of audio each month for consumption later on. Just last April, almost two million hours of on-demand audio were downloaded from local stations. NPR’s own podcast downloads have nearly doubled in the past year.
“This reflects the larger consumer trend that we see across all media, which is live consumption of any media, including television, shifting to on-demand, self-curated experiences,” said Steve Mulder, NPR’s senior director of audience insights. “People want to control the media they are consuming. They are able to in many other ways of their lives. Of course they’re going to want this when listening to audio as well. We saw this happening in music, of course, with the rise of the behemoth Pandora, and it only makes sense that we’re going to see this in news and talk listening as well.”
This is certainly great news for on-demand audio platforms, like Audioboom Group PLC (AIM: BOOM), which saw almost 600,000 new user registrations from March to May 2015. More than 200,000 of these signups were done last May, posting a new monthly record.
Audioboom CEO Rob Proctor said, “May was another record month, not just for our reported key performance indicators but also for other key metrics including monthly active users, listens, and follows. Together with strong performance in March and April, the quarter was comfortably our best to date.”
Another on-demand platform that looks promising is Apple Music, a subscription service that features on-demand content, curated playlists, and a new global always-on radio station dubbed as “Beats One.” Users can make and share their self-curated playlists, while others can be viewed in the “For You” tab—content recommendations from real people at Apple based on the music the user listens to.
Even NPR has launched NPR One, an app that lets users customize a mix of national and local stories. It posted over 150,000 users last April, with about half of them returning users each month.
Mulder has cautioned that it is still too early to predict if this trend will go long term for public radio listenership. However, he expects that this shift will be something that many radio networks will recognize so that they can rethink their approach to memberships and subscriptions for audio content, as these serve as the lifeblood of the system.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
What 2019 possibly holds for the top tech stocks
2018 was a wild ride for tech stocks. Here’s how they are likely to perform according to predictions from experts.
Here’s how you can improve your hotel service
It's one thing to review comments from your guests, but it's another thing to thoughtfully listen to their suggestions to...
5 major things to look for when buying your first home
Save yourself from the headache of buying a house with these helpful tips such as looking for hidden issues, and...
4 ways mobile technology can boost your business
Mobile technology has changed the way people do business, as well as the consumer habits. Here's how it helps you...
How farmers are handling the rising costs of equipment
American farmers are hit hard by the demands of rising competition, land costs and advancements in equipment. Balancing the need...
Featured3 days ago
CEOs Fishkin and Ramsay: From financial burdens to million-dollar companies
Destinations3 days ago
Millennials with money escape to Mexico’s Bohemian luxury
Business4 days ago
Disney continues quest to buy Fox, Brazilian regulators raise concerns
Business5 days ago
GlaxoSmithKline to acquire Tesaro to strengthen pharmaceuticals business
Sponsored3 days ago
The Alkaline Water Co. begins trading on NASDAQ today
Sponsored2 days ago
Cannabis retailer Choom secures leadership position with Ontario expansion
Business4 days ago
IoT and LaaS mean stronger growth for LED market
Crowdfunding4 days ago
Why female and minority founders should look to crowdfunding