But that is an exception. The sales of CHR product for adult women is down. Maybe it has to do with the fact that the labels are focused on teens, and CHR radio targets adult women. The labels in some cases do not get that there are two markets.Here's the problem: They may be profitable for us, but they're not profitable for the music business. The music business, especially in CHR, is targeting social media (TikTok) and streaming (Spotify). That's where they're focusing a lot of their promotion and their new releases. Why? Because of the mass audience those platforms deliver, and the mass audience creates royalties that pay labels and artists. That doesn't exist in FM radio. We saw this earlier this year with Olivia Rodrigo. Her big hit was delivered to Spotify, not FM. It was quick, efficient, and productive.
And what do you suppose that the average age of the Rodrigo hit downloader was?
However, so far no national platform targets teens specifically. In the case you mention, that is the key element and the disconnect between any kind of radio and the record business.So how does radio compete in this environment? Channeling its national platform. In iHeart's case, their streaming platform is among the largest in the world. Audacy owns its own streaming platform too, but they need to create exclusive content to drive people to it. Radio companies have access to the same national international platforms that Spotify has. They just need to harness that power, and demonstrate to the music industry they can deliver ears and revenue for artists and labels. That's what this is all about. Redirecting resources so radio is a player in the same market with Spotify.
That is what many on this board don't understand. News about artists is instantaneous on the web, while on radio by the time the morning show starts, that content is yesterday's news.If you're a young fan, you're not attached to your radio the way people were 40 years ago. You're online chatting with your friends, sharing new music, and engaging with the artists directly. You don't need a radio DJ to act as middleman.
That's where talents like Seacrest come in: they have access to exclusive content because of their importance to artists and the labels.
Look at formats like Country, Urban and even Regional Mexican... the multi-market shows get artist and music industry contacts they can call on for content. The rest are SOOL.You can speak directly to your favorite artist on Twitter. So the rules have changed, and radio needs to be in that process somehow. It's not easy, but it's not going to happen if a radio station is only focusing on one market, because the music environment is much bigger.