An interview with Tim Westergren, boss of US streaming service Pandora, lifts the lid on a range of statistics about the radio site, which remains blocked for UK users. Pandora is now on 40 million users and USD $50 million of revenue – but royalties to rightsholders amount to $30 million. The equation means that after ten years in business Pandora finally took its first profitable quarter last year. Compare this to recent claims from Spotify boss Daniel Ek that Spotify could potentially be worth “tens of billions” “in a few years” and you’ll see that valuing digital music companies is not an exact science. Pandora source Spotify source: Telegraph
Like what you’ve read here? This is just a snippet from our subscription service.
Our subscribers get the most important digital music news and analysis delivered to them every morning and full reports every week plus access to a massive archive of data and previous reports.
For a free two week trial of Music Ally, sign up here. No strings attached – we promise!
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…