ORLANDO, Fla., April 27, 2015 (GLOBE NEWSWIRE) -- RedChip Companies, Inc., today announced it has issued a research profile on CÜR Media, Inc. (OTCQB:CURM), a company that is creating a next generation social music experience through the planned launch of CÜR Music, a social mobile and web streaming music application that is being designed to enable its users to go beyond the limitations of traditional music streaming services.
Highlights of the report include:
70% of digital music revenues are expected to consist of streaming and subscriptions by 2019 (source: Midia research). 2013 represented the first year of declining digital music sales at Apple's iTunes music store, and 2014 represented a 13% decline in digital music sales. Conversely, music streaming increased 54% YoY in 2014.
This trend is expected to accelerate rapidly, with 70% of digital music revenues coming from streaming and subscription services by 2019. Apple, in response to this trend, introduced a $10 per month subscription streaming service in conjunction with its acquisition of Beats music.
CÜR Media is the first streaming radio service to give users a true social music experience. While music streaming and subscription services have proven to be very popular, CÜR Media is the first streaming radio company to give users a true social music experience. Social media companies have become some of the most popular companies in the world, including Facebook ($231.6 billion market cap), Twitter ($33.9 billion market cap), Instagram (valued at $35 billion by Citigroup analysts, acquired by Facebook for $1 billion in 2012), Pinterest ($11 billion private valuation), and Snapchat ($10 billion private valuation). Combining streaming radio with social sharing components creates the potential for a truly revolutionary music service.
CÜR Music aims to be the lowest priced music subscription service on the market. CURM aims to be the lowest priced music subscription service on the market, with its gold subscription tier coming in at a lower per month rate than Slacker's $3.99 per month.
To receive a complimentary copy of the full RedChip Research Report for CURM, please visit: http://www.redchip.com/assets/reports/CURM_ResearchProfile_20150424.pdf
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