faidrRadio – an exclusive premium content offering – now available on the faidr iOS app
BOULDER, CO, Jan. 24, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Audia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), developer of a proprietary AI platform for audio and innovative technologies for podcasts that is reinventing the way consumers interact with audio, today announced the launch of faidrRadio, an exclusive content offering within the faidr mobile app.
Delivering both curated music playlists, called Music Stations, and DJ-hosted episodic programs, called Music Casts, faidrRadio is available to all iOS users for a limited time and will then only be available to subscribers and users in their 30-day free trial be accessible period. Android users will have the same conditional access to faidrRadio later in Q1. At launch, faidrRadio offers seven music channels and 30 music casts, with expansion planned for 2023.
On 11/15/2022 Corporate Update and Investor Call, the company outlined its larger audio superapp strategy, the next steps of which are to bring exclusive content and podcasts to the faidr platform. The faidrRadio feature effectively launches the exclusive content component of the company’s superapp roadmap.
In addition to the new music content channels, new features and user controls are also offered with faidrRadio.
“This is our first foray into creating and delivering exclusive content through faidr,” said Michael Lawless, CEO of Audidia. “Many of our competitors have chosen to offer their exclusive content via curated playlists. Alongside expertly curated playlists, our Music Casts are unique ways to showcase not only new and established artists, but also DJs who have relevant perspectives to share. We see faidrRadio as a place for users to engage with great music, compelling program hosts, and a launch pad for new voices to break into the mainstream.”
The enterprise has announced his discovery program in April to give new music artists mainstream exposure for AM/FM radio listeners. faidrRadio will provide another mechanism for Discovr artists to be heard with Music Casts, where Discovr artists will be featured alongside the latest releases from established artists.
Audidia is currently working to launch in-app podcasts before the end of Q1 to combine differentiated ad-free listening with feature parity among the top 3 radio streaming apps available to users today. By adding podcasts (coming soon) and exclusive content (in the form of faidrRadio), the company is on track to complete two key components of its overall audio superapp strategy.
Visit fader.com for more. Interested in becoming a Discovr artist or curator? Click here.
About Audia Inc.
Audidia is reinventing how consumers engage with AM/FM radio, podcasts and other audio content through its proprietary AI audio identification and classification platform and related technologies. Auddia’s flagship audio superapp called faidr brings two industry firsts to the audio streaming landscape: subscription-based, ad-free listening on any AM/FM radio station, and podcasts with interactive digital feeds that support deeper stories and unlock untapped revenue streams for podcasters. faidr also delivers exclusive content and playlists and showcases exciting new artists handpicked by curators and DJs. Both differentiated offers are aimed at a large and fast-growing audience with strong purchase intentions. For more information visit: www.audidia.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about the Company’s current expectations as to future results, performance, prospects and opportunities. Statements that are not historical facts, such as “anticipates,” “believes,” and “expects” or similar expressions are forward-looking statements. These forward-looking statements are based on management’s current plans and expectations and are subject to a number of uncertainties and risks that could materially affect the Company’s current plans and expectations, as well as its future results of operations and financial condition. These and other risks and uncertainties are discussed in more detail in our filings with the Securities and Exchange Commission. Readers are encouraged to review the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as well as other disclosures contained in the Annual Report and subsequent filings with the Securities and Exchange Commission. Forward-looking statements contained in this release are made as of this date and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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