Transcribed

Radio Retreats to Throwbacks and Surrenders New Music to the Streamers (ep.279)

May 26, 2023 · 41m 7s
Radio Retreats to Throwbacks and Surrenders New Music to the Streamers (ep.279)
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The changing landscape of the music industry, driven by the rise of streaming services and shifting listener preferences, has led to a significant reduction in the airtime devoted to new...

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The changing landscape of the music industry, driven by the rise of streaming services and shifting listener preferences, has led to a significant reduction in the airtime devoted to new music on traditional radio. While radio stations adapt their programming to meet audience demands and secure advertising revenue, emerging artists face challenges in gaining exposure through this medium. As the baton of promoting new music is passed to streaming services, it becomes increasingly important for music lovers to explore various platforms, supporting both established and emerging artists alike. As the industry continues to evolve, finding a balance between throwbacks and new music remains crucial to ensure a vibrant and diverse musical ecosystem.
For decades, music radio has been a trusted platform for discovering new music and staying up to date with the latest trends. However, in recent years, there has been a noticeable shift in programming choices. Many radio stations seem to be abandoning new music in favor of playing throwback hits from the past. This transition has inadvertently surrendered the responsibility of promoting new music to streaming services. In this blog post, we will explore the reasons behind this shift and the impact it has on both listeners and the music industry as a whole.
The rise of streaming services: The advent of music streaming services like Spotify, Apple Music, and YouTube Music has revolutionized the way people consume music. These platforms offer vast libraries of songs, catering to individual tastes and allowing users to create personalized playlists. Streaming services have become the go-to destination for discovering new artists, albums, and songs. With on-demand access to an extensive catalog, listeners can explore a wide range of music genres and discover emerging talent. This convenience and control over music selection have posed a challenge to traditional radio stations.
Changing listener preferences: As listeners increasingly turn to streaming platforms for new music, radio stations have taken note of their audience's changing preferences. Many stations have shifted their programming to focus on playing throwback hits from the '80s, '90s, and early 2000s. This decision is driven by market research indicating that nostalgia plays a significant role in listener engagement. By playing familiar songs that evoke memories and emotions, radio stations aim to captivate their audience and maintain ratings. However, this approach often comes at the expense of showcasing new and emerging talent.
Economic considerations: Another factor contributing to the decline of new music on radio is the economics of the industry. Commercial radio stations rely heavily on advertising revenue to sustain their operations. To attract advertisers, stations need to maintain high listener numbers and engagement. Research suggests that throwback hits, which are often popular across generations, tend to have a more significant appeal to a broader audience compared to new releases. Consequently, radio stations opt for a safer, nostalgia-driven approach that caters to a larger demographic, ensuring a steady stream of advertisers.
Impact on emerging artists and the music industry: The shift away from new music on radio has unintended consequences for emerging artists and the music industry as a whole. Historically, radio airplay has played a crucial role in launching the careers of many artists, providing exposure and driving record sales. By reducing the airtime given to new releases, radio stations limit the opportunities for up-and-coming artists to reach a broader audience. As a result, streaming platforms have become the primary avenue for artists to gain visibility and build a fanbase. While streaming offers its own advantages, radio airplay remains a powerful tool for reaching listeners who may not actively seek out new music online.
I Still Listen to Music on AM, But …https://radioinsight.com/blogs/252288/i-still-listen-to-music-on-am-but/
How To Play Throwbacks https://radioinsight.com/blogs/252285/how-to-play-throwbacks/
“Radio’s Future in The Car” . . . Especially AM https://radioinsight.com/blogs/252301/radios-future-in-the-car-especially-am/
Ad Buyers Say Podcasts Are Delivering Big Results And Deserve Larger Share Of Budget. https://www.insideradio.com/free/ad-buyers-say-podcasts-are-delivering-big-results-and-deserve-larger-share-of-budget/article_a48ddab8-fac8-11ed-85ba-d72dfacbf293.html
Unified Ad Buying, Podcasting, AI Are Talking Points For iHeart At Investor Conference. https://www.insideradio.com/free/unified-ad-buying-podcasting-ai-are-talking-points-for-iheart-at-investor-conference/article_60452b36-fac8-11ed-b5d6-57bddb59f2b7.html
Edison: 20 Percent of Radio Listening Is Via The Internet
http://mediaconfidential.blogspot.com/2023/05/edison-20-percent-of-radio-listening-is.html
Colin Farrell, Mariska Hargitay, Danny Strong and More Stars Rally at WGA Picket Line Outside Paramount in Times Square
https://variety.com/2023/tv/news/colin-farrell-mariska-hargitay-writers-strike-picket-line-1235625544/
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