Hitting the ‘entertain me’ button: How traditional radio skills are becoming a vital part of the...
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Source: Ofcom
Hitting the ‘entertain me’ buttonhow traditional radio skills are becoming a vital part of the streamed landscape July 2015
By the end of the decade, it is estimated that up to 50 billion
devices will be wirelessly connected to the internet
Source: Ofcom
Last year 164 billion tracks were streamed in the US alone
Music consumption is increasing
People engage with musiceverywhere
A complex echo-system of user preferences is emerging
Digital services & startups offer radio-style services in abundance
Meanwhile, traditional radio engagement is declining
Source: Audiomonitor
There are a number of challenges for traditional radio entering the digital space
TechnologyNavigating new technology and essentially moving from airwaves to cloud storage, adds a lot of pressure to
infrastructure.
LicensingRights for radio-style
streaming are different than those for terrestrial
broadcasts. Additional features such as downloads or on-demand streams even
further complicate.
AudienceDigital users are fickle and monetization mainly comes
from a tough to obtain subscription fee that
requires major scale for profit
Radio broadcasters hold some of the most in-demand assets for the new digital
industryProgramming and content expertise
Brand recognition
Deep knowledge of music audiences
Strong history of ad-funded monetization
Navigation between global and local audiences
The industry will continue to scale by attracting new users with different
levels of engagement and by offering access across all devices
Some of the core components for a successful radio service are:
How are these evolving together?
• So the case has been made for human curation, what services are best equipped to curate to a massive audience?
• Who are the winners and losers in a world where local radio is displaced by global?
• Does radio need to be global in order for streaming services to scale?
• What is the role of the playlist on interactive radio?
• Is there a threat of new payola situations?
• How do labels and artists market their music to radio in a way that helps foster discovery?
Radio talent & human curation are supplementing the algorithmic radio streams
• What do users really expect when they hear the term ‘smart radio’?
• Are the services currently out there really smart? Are they meeting the users’ expectations?
• What unlikely brands do you envision getting into radio?
• There is a lot of buzz about hybrid radio, should that be a consumer term or just something used to explain the infrastructure?
• What types of modern monetization or new business models will emerge in order to entice new users?
Services are taking the work away from the user and creating easy ‘entertain me’
buttons
• What devices are offering top-notch radio listening experiences?
• Are devices being made with the radio or steaming in mind, what can be done to drive this further?
• How do open platforms work to enable more/less confusion for the consumer? Is access to all services necessary?
• Mobility is an important feature for most music apps, however the majority of people listen to music at home and in the car. Are these core places for listening being ignored?
• How will wearables add further demand for scalable curation?
Now that all devices are connected we can expect better integration with music apps