“The features and functionality are going to be right there in front of you when you’re using the app,” Davis said. “If you’re listening to KIIS-FM Los Angeles [on iHeartRadio] and you hear a great song, it will be very intuitive how you could save the song to a playlist or replay it right then and there.”
Rather than serving as a replacement for other paid services, iHeartMedia’s new subscription plans—iHeartRadio Plus and iHeartRadio All Access—are being touted as additive and complementary to a Spotify or Apple Music. The idea, said Davis, is to give users more options and more choice. Davis said he doesn’t see any threat to iHeart’s over-the-air audience either, noting that iHeartRadio has only helped build awareness and listening for its stations. So far this year, Davis noted, digital listening is up 30% and broadcast ratings are up 10%. “We think of the app as a safety net to catch extra listening occasions,” Davis added.
The company took a full-throttle promo strategy to launch and build iHeartRadio as well, which now has 84% brand awareness, according to Davis.
For his part, iHeart chairman and CEO Bob Pittman calls the expanded iHeart products a “new era of interactive radio.
“For decades radio has remained the No. 1 medium to reach consumers, fostering a sense of community and engaging listeners through entertaining on-air personalities and curated music and content,” Pittman said in a news release. “While other streaming services have taken a music collection approach to digital streaming, no one has yet built a service incorporating on-demand technology with real live radio—and at a scale that only iHeartMedia can, with its reach of over a quarter of a billion people every month.”
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