Essential Features of a Music Playout System for Radio Stations
Blog Post
Music streaming is one of the most popular forms of streaming. But in times of app-based music streaming, is music streaming on 24/7 channels still relevant? Well, the answer is yes. People still consume music and voice tracks on linear channels. The only difference is that they are shifting gradually from satellite-based to internet-based music playout system setups. In this blog, we will discuss how as a music or radio streaming service provider, you can launch your very own 24/7 automated streaming service for your audience.
Music streaming is an integral part of probably everyone’s lives. Consuming music on channels can be tedious if it happens on television sets. However, with the right music playout automation system software, the content gets internet enabled and accessible across a large range of devices.
A music playout automation system is nothing but converting existing or new music or radio stations to internet-based broadcasting environments. Such music playout systems offer multiple features such as playlist management, voice tracking, scheduling of content, and more. Used by radio stations, DJs and channel owners, music playout automation systems ensure top-quality content is seamlessly integrated with broadcasting hardware and reaches every corner of the world as decided by the business.
A music playout automation system is a boon for music and radio channel owners who are looking to tap the Internet market. Thanks to its huge list of features, it enables seamless broadcasting, scheduling, and managing of audio content. We will get to the features and benefits in a little while but before that here are a few insights about music and radio streaming insights that you should know.
Music is hugely popular and so is radio though not in its traditional form. It still contributes significantly to the internet traffic and needles to say it is a massive industry. Here are a few insights that you must know.
According to Statista, internet-based or online radio platforms now account for over 672 million dollars’ worth of streaming music revenue and the format continues to grow with each passing year in the United States.
Washington D.C.-based WTOP-FM was the leading radio station in the United States in 2023, with estimated revenues of 66.3 million U.S. dollars.
During an average week in June 2024, radio reached 85.6 percent of all American men aged over 55 years of age. Men of this age or older were the group most engaged with radio, although listening frequency was similar among men and women.
Radio station advertising revenues in the United States will amount to approximately 13.76 billion U.S. dollars, of which 2.98 billion (or almost 22 percent) will come from online radio.
According to Nielsen Media Research radio listener statistics (2021), 88% of Americans listen to terrestrial (AM/FM) radio on a weekly basis.
In the third quarter of 2023, the number of music streaming subscribers worldwide amounted to 713 million, up fro