Pandora

  1. iTunes, Spotify Aren't Pandora Killers Just Yet

    June 05, 2014 4:04 PM EDT Nearly every new mobile music service is hailed as a "Pandora killer," yet the leader in Internet radio continues to defy expectations. Pandora has continued to steadily grow after Apple and Spotify made strong moves into mobile streamin ...

  2. Apple Wants to Be In Charge of the Internet of Things

    June 03, 2014 1:11 PM EDT The Internet of Things (IoT) is, potentially, much more intelligent than its clunky name may imply. Imagine your car speaking to your house, and your phone controlling both. A typical example of the Internet of Things' potential is your car l ...

  3. Pandora Launches Beta of Brand-Curated Stations

    May 06, 2014 1:43 PM EDT Pandora has announced the beta launch of 'Promoted Stations,' a way for the service to better serve advertisers by providing users with a custom-curated stations from brands. The beta, available to 10% of users initially, is the "fi ...

  4. Pandora CFO Mike Herring on Q1 Earnings, Wall Street's Reaction, Price Increase

    April 25, 2014 1:10 PM EDT Minutes after Pandora announced a 69% jump in first-quarter revenue and narrower losses Thursday afternoon, its stock price sank more than 8%. Related Articles Pandora Narrows Losses, Forecasts Full-Year Profit Pandora Raises Price of Ad-Free Serv ...

  5. Pandora Narrows Losses, Forecasts Full-Year Profit

    April 24, 2014 6:05 PM EDT Aided by a surge in mobile advertising, Pandora on Thursday posted stronger than expected revenue of $194.3 million its first quarter, up 69% from a year ago. Losses narrowed to $28.9 million, down from $38.7 million a year earlier. Related Art ...

  6. Record Labels Sue Pandora Over Pre-1972 Recordings

    April 17, 2014 6:07 PM EDT As expected, the three major labels, ABKCO, and the RIAA filed a copyright infringement lawsuit in New York state court against Pandora for playing pre-Feb. 15, 1972 recordings without making any royalty payments. This suit is a follow-up to th ...

  7. Bette Midler Disparages Pandora, Spotify Over Artist Compensation (Updated)

    April 06, 2014 8:21 AM EDT (*This story has been updated with a response from Pandora followig its original publication.) Add Bette Midler to the growing list of musicians publicly expressing their displeasure with the amounts Pandora, Spotify and other digital radio and ...

  8. Biz Stock Ticks: This Week's Entertainment Indices 3/17-3/21

    March 21, 2014 3:54 PM EDT Biz Related News:   Apple Mulls Launching Spotify Rival, Android App as Downloads Decline (Sources)       Biz Related News:           Biz Related News:           Biz Related News: Google, Viacom Settle YouTube Copyright Lawsuit       Biz Related N ...

  9. Why Publishers Lost Big Against Pandora (Analysis)

    March 20, 2014 2:50 PM EDT In making the decision on March 14 to set Pandora's royalty rate to ASCAP at 1.85% through the end of 2015. Judge Denise Cote rejected practically every argument the PRO, and its two largest members -- Sony/ATV Music and Universal Music Pu ...

  10. Pandora Raises Price of Ad-Free Service

    March 18, 2014 8:35 PM EDT Citing higher royalty costs, Pandora on Tuesday said it is raising the price of its ad-free PandoraOne service to $4.99 a month for new subscribers, starting in May. Existing PandoraOne subscribers will continue to pay $3.99 a month, the company s ...

  11. Pandora's Longtime Chief Technology Officer Steps Down

    March 18, 2014 12:07 PM EDT Pandora has announced that longtime chief technology officer and EVP of product Tom Conrad will be stepping aside and "transitioning to an advisor role," the executive said in a letter to Pandora employees. (You can find Conrad's le ...

  12. Streaming Made Up One-Fifth of U.S. Recorded Music Revenue in 2013

    March 18, 2014 9:02 AM EDT Streaming music revenue in the U.S. grew 39% in 2013, generating $1.4 billion in revenue and making up more than one-fifth of the recorded music industry's business, up from just 15% in 2012, according to figures released Tuesday by the Rec ...

  13. Business Matters: IFPI's Annual Report to Bring 'Cannibalization' Into Focus

    March 14, 2014 8:30 AM EDT When the International Federation of the Phonographic Industry releases its twin annual economic reports on the state of the global music business in the coming days, they likely will unleash a debate that's been steadily heating up regarding ...

  14. SXSWi Q&A: Pandora’s Heidi Browning Talks Continued Growth, Working with Large Brands

    March 10, 2014 6:25 PM EDT As the senior VP of strategic solutions for Pandora, Heidi Browning oversees the company’s advertising growth in ways that would be less-than-obvious to consumers, from Taco Bell boxes to organizing concerts in Denver with Tokimonsta and her fans ...

  15. Spotify's Daniel Ek, Echo Nest's Jim Lucchese Explain What The Big Data Deal Is (Q&A)

    March 07, 2014 2:30 PM EST Spotify, which appears to be putting the pieces in place for a possible initial public offering of its stock, on Thursday added a key component to its company by acquiring The Echo Nest, a data company and recommendation engine used by several of ...

  16. Digital Notes: Music Apps Gain Revenue, Vevo Grows Views, Frank & Oak Leverages SoundCloud

    February 19, 2014 9:00 AM EST Music Apps Rock On -- While digital track sales may have fallen 5.7% last year, revenue generated by music apps grew 77% in 2013. This bit of good news comes from a report released Wednesday from App Annie and IHS. Among the biggest revenue-gene ...

  17. Post Pandora Rate Court Ruling: Universal Music Publishing Re-Ups With BMI

    January 30, 2014 8:51 PM EST Universal Music Publishing Group (UMPG) has entered into a short-term deal for its entire catalog to remain a part of the blanket license offered by BMI to all music users. Like some other publishers, UMPG had announced it would withdraw digital r ...

  18. Pandora, Live Nation Shares Rise High, SFX Down

    January 30, 2014 7:37 PM EST Shares of the two largest publicly traded music companies soared Thursday (Jan. 30) as markets rebounded from two days of losses. Pandora shares reached a new high of $37.95 before closing up 11% at $36.53, and shares of Live Nation climbed to a 5 ...

  19. Universal Music Publishing, Pandora Strike Deal on BMI Repertoire

    January 22, 2014 3:26 AM EST Universal Music Publishing Group has signed a license agreement with Pandora that allows the digital service to play its songs in the BMI repertoire. "Our deal with Pandora is another step toward reaching our goal of ensuring that there i ...

  20. FCC Shelves Pandora's Bid For South Dakota Radio Station

    January 15, 2014 3:45 PM EST In another minor setback to its music licensing plans, Pandora has received word from the FCC that it is no longer processing its application for the transfer of the ownership of broadcasting license for KXMZ, the Rapid City, South Dakota radio st ...

  21. SoundExchange to Make Monthly Royalty Distributions

    January 14, 2014 2:13 PM EST Artists and record labels won't have to wait so long between SoundExchange royalty checks. This month the Washington D.C. performing rights organization will begin paying royalties monthly rather than quarterly to member artists, labels and ...

  22. Pandora Shares Surge on Impressive User Numbers

    January 06, 2014 9:31 PM EST Shares of Pandora Media rocketed 14 percent Monday after the digital music service announced a new ad campaign and disclosed impressive listener hours for December. The company said it had 76.2 million active listeners in December, up 13 percent c ...

  23. Business Matters: Analysts Say Pandora and Its High-Flying Stock Will Continue to Soar

    December 24, 2013 12:50 PM EST Its business model has a legion of naysayers, but this week Pandora was named top online stock pick for 2014 by analysts at Needham & Company. Even through Pandora shares have risen about 215% in 2013, valuing the company at $5.6 billion, Need ...

  24. Pandora Ruling Has Far-Reaching Implications For U.S. Publishing Industry

    December 23, 2013 11:53 AM EST On Sunday, the smoke began to clear after a round of clarifications by Judge Louis Stanton's on his Dec. 18 ruling against Pandora in the BMI rate court. The immediate upshot is that Pandora--which is still petitioning the Judge to reconsi ...

  25. Pandora, Publishers Left Uncertain by Judge's Latest Clarification in BMI Case

    December 21, 2013 12:57 AM EST In a series of requests for clarification on his Dec. 18 ruling, the BMI/Pandora rate court judge has thrown the song publishing community and Internet radio service Pandora into disarray that might not be resolved until after Jan. 1, 2014. Pandor ...

  26. Pandora Faces Setback As Judge Rules Blanket License Doesn't Include Songs of Publishers Leaving BMI

    December 18, 2013 10:22 PM EST Pandora was struck a blow on Wednesday when a rate court ruled that the Internet radio leader doesn’t have a blanket license that includes the songs of publishers who have withdrawn their digital rights. The BMI/Pandora rate court ruling means ...

  27. Spotify Serenades Artists With Data, Commerce

    December 03, 2013 2:35 PM EST Amid a growing chorus of debate about how much streaming services pay artists, Spotify on Tuesday tried to present its own side of the argument, outlining in a new website how it has paid out $1 billion in music royalties since its launch five ye ...

  28. Pandora Stops Internet Radio Fairness Act Legislation Efforts, To Focus on CRB (From the Magazine)

    November 25, 2013 4:59 PM EST THIS ARTICLE FIRST APPEARED IN BILLBOARD MAGAZINE GET THIS WEEK'S ISSUE – SUBSCRIBE TO BILLBOARD HERE – IPAD EDITION Pandora has given up its efforts to seek legislation that would help reduce the royalties paid to rights holders, a source k ...

  29. Pandora Has Record Revenues in Q3, Mobile Advertising, Royalties Improve

    November 21, 2013 7:05 PM EST Gains in mobile advertising helped Pandora achieve record revenue in the quarter ended Oct. 31. The company had revenue of $181.6 million in the quarter, a 50.3% improvement over the prior-year period. Net loss was $1.7 million, or $0.01 per share ...

  30. Business Matters: Track Sales on Downward Trend in 2013. Did iTunes Radio Play a Part?

    November 21, 2013 4:08 PM EST It's not clear if iTunes Radio has hurt U.S. track sales since its Sept. 18th launch . One thing is clear, however: aggregate track sales haven't been helped by the arrival of Apple's Internet radio service. A recent dip in track ...

  31. Business Matters: iTunes Radio Starting Strong But Not Yet a Pandora Killer

    October 23, 2013 3:44 PM EDT iTunes Radio is off to a good start, but it’s too early to call it a Pandora killer.   At yesterday's press event, Apple CEO Tim Cook revealed the month-old Internet radio service has attracted 20 million users and has played 1 billion son ...

  32. Biz Stock Ticks: This Week's Entertainment Indices 10/7-10/11

    October 11, 2013 4:00 PM EDT   Biz Related News:   Apple iTunes Radio  to Launch in U.K., Canada, Early Next Year (Report)     Biz Related News:   Biz Related News:     Biz Related News:     Biz Related News Insomniac CEO Pasquale Rotella on Live Nation Deal, Festival Death ...

  33. Business Matters: First Day of SFX Trading Highlights Intricacies of IPO Market

    October 09, 2013 7:50 PM EDT SFX Entertainment had a market value of $1.05 billion on Tuesday evening (Oct. 8). By the following afternoon, after SFX’s first day on the Nasdaq, the company’s market value had fallen to $919.2 million. That's the IPO market for you.   An ...

  34. SFX Shares Fall Below IPO Price on First Day of Trading

    October 09, 2013 12:19 PM EDT Shares of SFX Entertainment were trading at $10.84 at midday Wednesday, about 16.5% below the $13 initial public offering price .   SFX offered 20 million shares priced at $13.00 a share, raising $260 million and valuing the company at just over ...

  35. Business Matters: Pandora's September Statistics Show No iTunes Radio Impact – Yet

    October 02, 2013 5:42 PM EDT Evidence of an Internet radio battle will have to wait a month. Pandora released statistics for September that show small, positive gains in both listener hours and monthly active users. Apple's iTunes Radio launched September 18th, giving ...

  36. Over 11 Million People Have Already Used iTunes Radio

    September 23, 2013 1:53 PM EDT The Internet radio business suddenly got a lot more competitive. Less than one week after its launch, over 11 million people have already tried iTunes Radio. The figure was included in a press release Apple issued Monday morning about last week& ...

  37. New Pandora CEO Faces Royalty Fight with Artists

    September 12, 2013 2:33 PM EDT One of the biggest challenges facing Brian McAndrews, the new CEO of Pandora, will be renegotiating the royalty rates the Internet radio giant pays to the music industry. If Pandora doesn't prevail, the outcome could impede the company' ...

  38. Morning Fix: Vivendi's Split; Mister Cee on His Resignation; Ariana Grande Debuts at No. 1; Pandora Names Brian McAndrews CEO

    September 12, 2013 7:45 AM EDT Get the Morning Fix Delivered To Your Inbox HERE VIVENDI SPLIT COULD HAVE LITTLE IMPACT ON UNIVERSAL MUSIC (ANALYSIS) While shareholders and the business media regard as big news the Vivendi announcement that it will study a demerger plan and th ...

  39. Pandora Names Brian McAndrews New CEO, President and Chairman

    September 11, 2013 5:26 PM EDT Digital advertising veteran Brian McAndrews will replace Joe Kennedy as CEO, president and chairman of Pandora, the company announced Wednesday. Kennedy announced in March he would be stepping down.   McAndrews is "uniquely qualified to lea ...

  40. Business Matters: What If Musicians Went on Strike Against Digital Services Like Spotify? It’s Possible

    August 30, 2013 7:23 PM EDT What if musicians went on strike and refused to make their music available on the digital services that have attracted so much negative criticism in recent years? It's not an entirely pointless thought exercise. People go on strike all ...

  41. Pandora to End Mobile Listening Cap, Adds Other Cost-Saving Measures

    August 23, 2013 11:47 AM EDT Pandora announced Thursday it will no longer enforce mobile listening cap as of Sept. 1. At the same time, the company revealed two new cost-saving measures, a sleep timer and a limit of song skips within a 24-hour period. The cap was implement ...

  42. Pandora's Business Model: Is It Sustainable?

    August 07, 2013 1:45 PM EDT Subscribers read this analysis of Pandora's business model (in full below) when it first published last week via Billboard's print, online and iPad platforms. And you could have too if you subscribed to Billboard with our unmatched ...

  43. Pandora's Listener Hours up 2% in July, Down 16% Since March; Stocks Decline (Correction Appended)

    August 07, 2013 10:21 AM EDT Pandora's listener hours recovered by 2% July after falling in April and June, according to figures the company released Tuesday. The Internet radio service's monthly active users rose by 100,000, or 0.1%, to 71.2 million.   Investors ...

  44. Business Matters: Pandora's Listening Hours Dropped in June, But It's No Big Deal

    July 09, 2013 5:16 PM EDT Pandora’s listener hours dropped to 1.25 billion in June from 1.35 billion in May, according to figures the company released Tuesday. A decline in listening doesn't happen often, but it doesn't necessarily signal problems for either Pa ...

  45. Business Matters: Microsoft's Music Announcements Underwhelm But Deserve Attention

    June 26, 2013 8:44 PM EDT On Wednesday, Microsoft unveiled a radio feature for Xbox Music and an interesting music feature that creates a playlist based on the contents of a web page. But a Microsoft event just doesn't capture attention like an Apple event. Microsof ...

  46. Pandora Announces 100-Model Car Integration Milestone

    June 25, 2013 3:32 PM EDT Pandora, the embattled , emboldened digital radio company which serves up north of a billion listening hours to 70.8 million listeners per month, announced a milestone in its automobile strategy today, saying it is now available in over 100 diff ...

  47. Business Matters: Pandora is not Walmart

    June 19, 2013 6:09 PM EDT A new paper disputes Pandora claims it pays too much in royalties. Written by Dr. Jeffrey Eisenach, "Understanding Webcasting Royalties" shines a light on Pandora's effort to lower its royalty costs. Eisenach is Managing Director ...

  48. BMI Files Suit Against Pandora

    June 13, 2013 12:51 PM EDT BMI, Broadcast Music Inc., today filed suit at the U.S. Southern District Federal Court in New York, seeking a determination of rates for a blanket license for all music played on Pandora. Billboard broke the news of the impending lawsuit lat ...

  49. ASCAP, NMPA Respond to Pandora's Acquisition of Radio Station

    June 12, 2013 11:29 AM EDT ASCAP and the National Music Publishers' Association have responded harshly to Pandora's purchase of a small-market radio station in an attempt to lower its ASCAP royalties.   Pandora announced Tuesday it has purchased KXMZ-FM in Rapid ...

  50. Pandora Buys Terrestrial Radio Station in South Dakota, Aims for Lower ASCAP Royalties

    June 11, 2013 4:17 PM EDT Internet radio giant Pandora is taking an innovative route to lower ASCAP fees: The purchase of a small-market terrestrial radio station. The company announced Tuesday it has purchased KXMZ-FM in Rapid City, South Dakota. Terms of the deal ...

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