iHeart Radio Betting on Spotify-Like App

iHeartMedia, facing $21 billion in debt, is exploring new revenue streams by expanding its live events business and launching a Spotify-like app. Despite having 265 million monthly listeners, the company struggles to grow its audience and revenue due to stagnant radio advertising. The new app aims to integrate radio streaming with on-demand features, offering a unique experience compared to Spotify and Apple. However, iHeartMedia's financial situation remains precarious, with private equity investors and creditors closely watching its next moves.

What is one of the main reasons iHeartRadio is struggling to increase its revenue?

• High competition from television networks

• Stagnant radio advertising revenue

• The decline in the number of radio listeners

• Lack of online presence

How does iHeartRadio's new app aim to differentiate itself from Spotify?

• By offering a larger music library

• By providing free concert tickets

• By integrating radio streaming with on-demand features

• By offering exclusive podcasts

What feature does the new iHeartRadio app offer to enhance user experience?

• Live chat with artists

• Ad-free streaming

• Direct song saving to playlists

• Offline listening

What is the current financial situation of iHeartRadio?

• They have recently gone bankrupt

• They are experiencing rapid revenue growth

• They are in a debt crunch with $21 billion owed

• They have no debt

What is the uncertainty surrounding iHeartRadio's future primarily related to?

• The success of their new app

• Their ability to manage and pay off their debt

• The expansion of their live events business

• The growth of their online branding efforts