May 19, 2020 - Economy & Business

Consumers abandon audio streaming during lockdown

Reproduced from eMarketer; Chart: Axios Visuals

One strange takeaway from the pandemic has been that when forced to stay at home, users are more likely to abandon audio content for video.

The big picture: A lot of audio streaming occurs on daily commutes, where users don't have bandwidth to stare at screens. But commuting, of course, has been put off during the pandemic.

Between the lines: Pure music streaming via platforms like Spotify and Pandora seems to be taking a hit in favor of digital video and music video streaming, per eMarketer.

  • "These downward revisions to our forecasts come off the back of several years of strong growth in digital audio listener numbers for podcasts and music streaming.

Of note: In the beginning of the pandemic, podcast consumption was initially way down, but seems to have stabilized, per Podtrac.

Go deeper: Streaming spikes during coronavirus

Go deeper

Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.