It is going to be interesting what is going to happen with radio and the music industry in general. Several of today's current acts have cancelled their tours (For a lack of ticket sales) . However, acts such as Rush, Elton John and Bon Jovi continue to sell out with record crowds. Music sales are down, and the battle for so called artist royalties rolls on. The good news, more subscription services will come online (such as Apple - as a full subscription model). This will be an advantage for radio (for those who won't pay for music) and that is a good majority of the population. I see radio expanding with more splintering formats (not to be confused with large or obscure playlists). I think the biggest challenge is going to be how does radio retain younger demos ( terrestrial or online). With texting and smartphones attention spans have become shorter. Also you now have a generation that think that they shouldn't pay for music. Radio will need to find fresh and innovative ways to reinvent itself (and larger playlists will not solve the dilemma). It will be interesting to see how radio evolves in the next few decades.
I have made this same point on this board several times, but each time I get shouted down and told that "my preferences" don't matter. This is really ridiculous, because if I had my way, things wouldn't change at all, they would be like they were (you know, back when radio was fun) - thus I am not pointing out what I want to happen, or what is happening in my little sheltered world, I am pointing out what IS happening in the REAL world, and that is, the Milenials as a group use radio, but only as a back-up when their preferred method of choice, such as Iphone/Ipod/Itunes, Spotify, Pandora, and other services are not available to them. A lot of the ones I talked to use Spotify A LOT - By far their favorite method of accessing music/other content, most of whom were Iphone people who I would have expected to use Itunes and other Apple content. Who knew? I wouldn't have unless I asked.
I have done informal surveys (with not nearly the sample to make it scientific, just a lot of anecdotal data from here and there) and a lot of Millennials I talk to would not even care if that thing in the dash with an AM/FM radio were not present in a new car. (They would rather have a more convenient place to charge and set their Iphones, really) and in their bedrooms, they either have an AM/FM device and rarely use it, or are a bit confused as to why anyone would want such a device. When asked what stations they listen to, many of them can barely name them (Typical response:
I think its called AMP? No, I am not sure where it is (on the dial), I just scan for something I like). I could only find one person who uses AM radio, and that was my niece who occasionally listens to KSPN for Laker talk only.
The usual pushback on this from the industry folks is always about how radio usage hasn't fallen off,
just look at the numbers of people who say they have used radio for at least five minutes in the last week. To which I say, by that definition then I used Univision last week because my TV was accidentally left on channel 34 and it stayed there until I found something else to watch with my remote. Did I mention I don't speak Spanish? In short, a useless statistic. How about quoting the trend of how many people use radio for five hours a week? Then stratify them into the most commonly used demos? That would be much more revealing. And I mean
actually listening to it, not just hearing KBIG in the background at the local Subway shop. (
See, that's a half an hour right there!). That would be much more relevant.