News - 23/09/2016

iHeartRadio closes deals with majors to launch Spotify rival in Q1 2017

iHeartRadio closes deals with majors to launch Spotify rival in Q1 2017

Reportedly, iHeartMedia has closed deals with at least two major labels for the launch of its Spotify rival. "Music Business Worldwide" broke the news and said the company's aim is to launch a duo of new streaming products in Q1 2017. According to sources, iHeart has two brand names locked and loaded for the services.

iHeartRadio Plus will be its mid-tier, ad-free offering for around $5-a-month – complementing iHeart’s existing combination of ‘traditional’ radio listening options and algorithmic artist-led stations. While iHeartRadio All Acces will offer a full on-demand music streaming service akin to Apple Music or Spotify for $10-a-month.

Currently, the iHeartRadio app offers access to 850+ live local radio stations. Last month, it surpassed 90m registered users – up from the 80m it announced back in January.

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