Many of Pandora’s public statements in recent months have focused on the way it is grabbing a share of the traditional radio listening market in the US. However, Clear Channel’s Bob Pittman has delivered a gentle slap in the chops with comments at the Brainstorm Tech conference, claiming that 93% of Americans listen to the radio, versus 3% who use digital services like Pandora and Sirius XM.
Tag: Pandora
Posted inNews
Pandora heads for US TVs with Verizon deal
Music services continue to plot their path into the living room, with the latest example being Pandora’s deal with Verizon in the US. A Pandora widget will now be available to customers of the Verizon FiOS high-definition TV service, starting in three US states (California, Texas and Virginia) before launching elsewhere.
Posted inAnalysis, Reports, Reports-Old
Music Ally Report : Mobile Mania
– Mobile Mania
– Spotify crosses the pond
– Space audity: digital music brings the noise
– Market Profile: Russia
– Comment: Michael Acton Smith, Mind Candy
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Posted inNews
AOL Radio relaunches with Slacker to take on Pandora
AOL is ramping up its music ambitions again, announcing a partnership with Slacker to relaunch its AOL Radio service in the US. The new (old) service will mirror the Slacker Radio offering with three tiers: free personalised radio, an ad-free paid Radio Plus with more features, and a fully on-demand Premium Radio option…
Posted inNews
Pandora founder Tim Westergren calls for centralised licensing structure in Europe
Hot off the company’s IPO, Pandora founder Tim Westergren has been talking about his hopes for a return to the European market, although only if a “centralised licensing structure” a la SoundExchange is put in place. “Having one place to go to get licences is really valuable for a company like Pandora.
Posted inNews, Startups
Slacker launches its iPad music app
Slacker Radio has launched its official iPad app, joining Pandora with a native experience on Apple’s tablet. The app launched yesterday, and includes all three tiers of Slacker’s service – Basic Radio, radio Plus and Premium…
Posted inNews
Pandora stock falls 24% on second day of trading
We promise there won’t be daily updates on Pandora’s stock price from now on – it’s just in the early days that the industry is eagerly scrutinising how investors react to the music service’s IPO…
Posted inNews
Pandora valuation surges and ebbs on opening day of trading
There was much excitement yesterday around the IPO of US music service Pandora, so how did it do? Well, having priced the offering at $16 per share, it opened at $20 per share…
Posted inNews
Pandora raises IPO price again to $16 per share at $2.56bn valuation
Today is the day for music service Pandora’s Initial Public Offering (IPO), and on its eve, the company jacked up the price of its shares again. The anticipated price was originally $7-$9 per share…
Posted inNews
Pandora ups IPO price but faces more scrutiny over royalty payments
US music service Pandora has raised the price range for its stock in its upcoming IPO from $7-$9 per share to $10-$12, valuing the company at a potential market cap of $1.9 billion. Pandora is now aiming to raise up to $202.6 million in the IPO. However, one analyst is pouring cold water on investor expectations. BTIG’s Rich Greenfield writes in a research note that:
Posted inNews, Uncategorized
Simon Wheeler on Pandora in full
Yesterday’s Report ran a feature entitled “Pandora’s box” which looked at criticisms from Universal Music that interactive radio service Pandora is “gaming the DMCA”. Simon Wheeler from Beggars, quoted in the article, has requested that we correct any implication that he might hold a negative position on Pandora. We would like to apologise for any lack of clarity and run Simon’s full quote on the matter below
Posted inAnalysis, Reports, Reports-Old
Music Ally Report : iCloud in a nutshell
– iCloud in a nutshell
– Pandora’s box
– When is an album not an album?
– Market Profile: Norway
– Comment: Michael Schneider
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