CORAL SPRINGS, Florida, April 28, 2015 /PRNewswire/ --
Fuelled by the popularity of streaming music, digital music access and downloads may have in some cases matched or surpassed physical music formats in the revenue it generates as signs point to continued, expected growth in the industry. Music App developers and tech companies in focus today are CÜR Media, Inc. (OTCBB: CURM), Pandora Media Inc. (NYSE: P), Sirius XM Holdings Inc. (NASDAQ: SIRI), Microsoft (NASDAQ: MSFT) and Sony (NYSE: SNE).
CÜR Media, Inc. (OTCQB: CURM) announced today that it has released the initial Beta version of its CÜR Music iPhone App for testing. CÜR Music is the Company's next generation social music streaming application expected to launch later this year on mobile and web. CÜR Media's initial release of its Beta version for Apple's (NASDAQ: AAPL) iPhone is part of a three step Beta testing period for CÜR Music, as the Company continues to progress toward a planned launch in the coming months. The new Beta version of the CÜR Music iPhone App includes new social features and improvements to the user interface and user experience. During this Beta phase the Company will test the overall social experience of the App's new features and functionality incorporated during its three month Alpha testing period, as well as the speed and reliability of the entire platform. CÜR Media's web product is currently in Alpha and progressing towards Beta. CÜR Media expects to roll out its Android App in Beta within the next 60 days.
Read the full CURM Press Release at: http://www.financialnewsmedia.com/profiles/curm.html
Tom Brophy, Founder and CEO of CÜR Media, commented, "We are excited to move into the final testing phase of our CÜR Music iPhone App as we are now one step closer toward our goal of a full scale launch in the coming months. We have incorporated a tremendous amount of feedback from our Alpha testers and focus groups into this Beta release, and we are confident this final testing and refinement phase will help place CÜR Music on the forefront of the music streaming industry upon its anticipated launch later this year." CÜR Media is creating a next generation social music experience through the planned launch of CÜR Music, a social mobile and web streaming music application that is being designed to enable its users to go beyond the limitations of traditional music streaming services. Upon its release, CÜR Music will unlock the true expressive nature of an individual's connection with their music by fostering personalization, sharing and creativity. With CÜR Music it's not just about streaming, it's about what the music means to you and how you want to express that to the world.
In other Internet Music & Digital Content happenings and developments: Pandora (NYSE: P) released its 10-Q after the market close on Monday. Highlights include: For the three months ended March 31, 2015, we streamed 5.30 billion hours of radio, and as of March 31, 2015, we had 79.2 million active users during the prior 30-day period. Since we launched our free, advertising-supported radio service in 2005 our listeners have created over 8 billion stations. At the core of our service is our set of proprietary personalization technologies, including the Music Genome Project and our playlist generating algorithms. The Music Genome Project is a database of over 1,000,000 uniquely analyzed songs from over 150,000 artists, spanning over 600 genres and sub-genres, which we develop one song at a time by evaluating and cataloging each song's particular attributes. When a listener enters a single song, artist, comedian or genre to start a station, the Pandora service instantly generates a station that plays music or comedy we think that listener will enjoy. Based on listener reactions to the recordings we pick, we further tailor the station to match the listener's preferences. Listeners also have the ability to add variety to and rename stations, which further allows for the personalization of our service. Get the full 10Q for Pandora at http://biz.yahoo.com/e/150427/p10-q.html
Sirius XM (NASDAQ: SIRI) is scheduled to release its 2015 first quarter earnings results before the market open on Tuesday morning. Analysts are expecting the satellite radio provider to report a year-over-year rise in earnings per share and revenue for the most recent quarter. The company has been forecast to post earnings of 3 cents per share on revenue of $1.09 billion for the quarter ended March 2015. Read the full article at http://www.thestreet.com/story/13127540/1/what-to-expect-when-sirius-xm-siri-reports-earnings-results-tomorrow.html?puc=yahoo&cm_ven=YAHOO
Microsoft (NASDAQ: MSFT) recently announced that Windows Insiders can now try music and video apps for PC, available as a download here (music) and here (Video) from the Windows Store as long as you are already part of the Windows 10 Technical Preview 10 (10049). Notably Microsoft is no longer using the Xbox name for its music and video apps, now simply going with Windows 10 Music and Video. Read the full article at http://siliconangle.com/blog/2015/04/02/microsoft-ditches-xbox-branding-in-its-music-and-video-preview-apps-for-windows-10/
Sony (NYSE: SNE) boosts earnings forecast over jump in games, music revenue - Sony's last fiscal year went a little better than expected, thanks to three core segments it believes will carry it to profitability in the future. Sony has forecast (PDF) a net loss of 126 billion yen ($1.05 billion) for the fiscal year ended March 31, an improvement over the company's earlier forecast in February, when it said it would likely post a loss of 170 billion yen ($1.4 billion). Sony said on Wednesday that its improvement is due to a stronger-than-expected revenue jump across its gaming, record label and digital camera sensors businesses. The company's financial services business also performed better than expected, boosting the company's operating income forecast. - Read the full details at http://www.cnet.com/news/sony-boosts-earnings-forecast-over-jump-in-games-music-revenue/
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