Pandora

  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. Digital Notes: Yahoo's Music Play; Beep's Wireless Dial; and Pandora's Subscription Growth

    February 12, 2014 8:30 PM EST -- The wireless home audio market is about to heat up. Beep, a San Francisco start-up backed by David Dolby of Dolby Laboratories, Reddit Co-Founder Alexis Ohanian, Y Combinator partner Garry Tan and a dozen other technology heavyweights, has unv ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. Morning Fix: Beyonce on Self-Mgmt, Madonna, Developing Other Artists; Pussy Riot Members Released from Prison; Edgar M. Bronfman Sr Dead at 84

    December 23, 2013 7:00 AM EST Get the Morning Fix Delivered To Your Inbox HERE BEYONCE ON SELF-MANAGEMENT, FOLLOWING IN MADONNA'S FOOTSTEPS, DEVELOPING OTHER ARTISTS Beyonce Knowles may have just pulled off one of the most spectacular surprise album drops of all time with ...

  9. 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 ...

  10. 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 ...

  11. 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 ...

  12. Pandora Prevails In ASCAP Rate Court Case

    September 18, 2013 2:49 AM EDT The New York ASCAP rate court has come down in favor of Pandora in a ruling that says that the performance right organization blanket license has to include all of its repertoire. That means that the all the publishers who have pulled their ...

  13. Pandora Media to Issue New Stock, Crosslink Capital to Sell Some Holdings

    September 16, 2013 9:29 PM EDT Internet radio giant Pandora Media Inc. said Monday it will issue new shares in a move that could raise three times as much investor cash as its initial public offering two years ago. The move will refresh the company’s dwindling cash reserves a ...

  14. Pandora Says August Listener Hours Rose 16 Percent

    September 05, 2013 8:57 PM EDT Pandora managed to boost its listener numbers last month despite rising competition for online music lovers. Total listener hours rose 16 percent in August to 1.35 billion, from 1.16 billion hours in the same month a year ago. That's a 5 pe ...

  15. 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 ...

  16. Business Matters: The Upside In Mobile Advertising

    August 21, 2013 8:14 PM EDT There appears to be a lot of room for upside in mobile advertising -- possibly around $20 billion. That’s a positive sign for Pandora, iTunes Radio and other ad-supported music services that depend mostly on advertisements. As comScore explains ...

  17. 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 ...

  18. 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 ...

  19. Business Matters: The Webcasting Royalty Debate Rages On

    June 25, 2013 7:20 PM EDT Two legendary artists have sounded off against lower royalties for webcasters. On Sunday, Pink Floyd’s Roger Waters, David Gilmour and Nick Mason penned an op-ed in USA Today (which Billboard.biz received permission to reprint here ) warning fe ...

  20. Pandora Files Motion to Keep Low Publishing Rates

    June 20, 2013 5:47 PM EDT In another tactical move to keep its publishing costs from rising, Pandora has filed a motion with the ASCAP rate court, making the case that publishers looking to cut their own direct deals with Pandora are in fact bound by the ASCAP consent d ...

  21. Pandora’s New TV Version Makes Sense for at Least 3 Reasons

    June 05, 2013 2:12 PM EDT Pandora and many other digital music radio businesses have a somewhat analog-style problem: music royalties scale up proportionally, the more people use the service. That makes internet radio services that rely on the standard, government-set ra ...

  22. Exclusive: Pandora Paywall Pays Off, Research Shows

    May 30, 2013 8:30 AM EDT The conventional wisdom of digital business models states that it's a bad idea to start asking people to pay for something they're used to getting for free. Yet, that's exactly what Pandora did in February when it capped the amoun ...

  23. Backbeat: Kate Nash Plays Free L.A. Show With Pandora, Sonos Studio Execs

    May 24, 2013 11:36 AM EDT Kate Nash brought her sold out West Coast tour to an end by treating her fans across the pond to an intimate performance on Wednesday at Sonos Studio in Los Angeles. A crowd of loyal Nash followers and Pandora / Sonos execs arrived around 7pm, i ...

  24. Pandora Sees Quarterly Gains in Subscription and Mobile Revenue

    May 23, 2013 5:02 PM EDT Pandora's gains in its most recent fiscal quarter were helped by an increase in subscribers that stemmed from the listening caps the company placed on mobile listening in March. The company added over 700,000 net new subscribers to its Pa ...

  25. iHeartRadio Surpasses 30 Million Registered Users, Still Well Behind Pandora

    May 13, 2013 12:13 PM EDT Clear Channel’s iHeartRadio has surpassed 30 million registered users less than two years after the launch of its current version. The milestone puts iHeartRadio at roughly 15% of Pandora’s 200 million registered users in the United States, Aust ...

  26. Pandora's Cap on Mobile Listening Causes Drop in Streams

    May 07, 2013 8:00 AM EDT Pandora’s monthly listening caps pulled down listener hours in April without resulting in a corresponding fall in unique listeners, the company's CFO revealed Monday evening.   The Internet radio business' listener hours dropped 12% to ...

  27. Pandora Hurts the Songwriters and Artists It Claims to Help: Guest Post by Lee Thomas Miller

    April 17, 2013 8:00 AM EDT Songwriter and artist royalties from streaming services, particularly Pandora and Spotify, has been one of the hot-button issues in the music business for the past couple of years. Here, Lee Thomas Miller, songwriter and President of the Nas ...

  28. Younger Listeners Ditching AM/FM For Internet Radio (Study)

    April 02, 2013 8:55 PM EDT Internet radio and streaming services accounted for nearly four out of 10 minutes heard by young listeners in the fourth quarter, according to new figures released by the NPD Group.   Internet radio services like Pandora and iHeartRadio accounte ...

  29. Pandora CFO Predicts Better Scaled Royalty Payments, Points to Increased Mobile Monetization

    March 20, 2013 12:52 PM EDT Internet radio giant Pandora believes it can lower its royalty costs as a share of revenue by roughly 20 percentage points over the next one to three years, the company's new chief financial officer said Tuesday.   Pandora believes its cont ...

  30. Pandora CTO Tom Conrad on the Company’s Past, Present and Future at SXSW

    March 12, 2013 10:44 PM EDT There was no shortage of news to discuss Tuesday when Pandora CTO Tom Conrad sat down for a one-on-one panel with TechCrunch’s MG Siegler on the last day of SXSW Interactive at the Austin Convention Center. The Internet radio giant recently lost ...

  31. Business Matters: Who Might Pandora's Next CEO Be?

    March 08, 2013 3:54 PM EST In the flurry of words written about Pandora over the past months and years, people tend to forget what it actually is. Pandora is not a social media company, although you might think otherwise reading some financial magazines. It’s not an Inte ...

  32. Pandora CEO Joe Kennedy Stepping Down to 'Recharge'

    March 07, 2013 6:29 PM EST Joe Kennedy, who has been at the helm of Pandora Media for nearly a decade, on Thursday announced he will sign off as the Internet radio company’s chief executive soon as a replacement CEO is named. “I love this business, which I helped create,” ...

  33. Pandora Revenue Doubled Last Year; Shares Up Nearly 20%

    March 07, 2013 6:28 PM EST Pandora got a lift from rising mobile revenue as its revenue more than doubled in the fiscal year ended January 31st. Revenue increased 56% to $427.1 million while mobile revenue rose 105% to $255.9 million. Net loss deepened to $38.1 million fr ...

  34. Op-Ed: We Wouldn't Mind Getting Less Money From Pandora and Spotify, Indie Musician Says

    February 13, 2013 10:27 AM EST My name is Patrick Laird and I am an independent musician with Break of Reality, an American cello rock band. Recent articles in national newspapers and magazines have focused on how working musicians are being underpaid by Internet radio compa ...

  35. Slacker Relaunches Simpler Service to Appeal to More People

    February 12, 2013 10:42 PM EST Above: Slacker chief executive Jim Cady Slacker Inc., which counts more than half-a-million paying subscribers, on Wednesday announced an overhaul of the digital music service that is designed to appeal to mainstream users as opposed to the music ...

  36. Business Matters: Rdio Gaining on Pandora on West Coast, Study says

    February 12, 2013 9:32 PM EST A new analysis by Fizziology, a company that uses social media like a focus group, shows Pandora losing momentum on the West Coast, while subscription service Rdio is gaining among West Coast trendsetters.    Any new innovation has to pass thro ...

  37. Anatomy of a Love Song: Pandora Analyst Offers Tips to Songwriters

    February 12, 2013 10:30 AM EST So you want to write a hit love song? Pandora music analyst Steve Hogan has a few tips for you budding songwriters. What does Pandora know about love songs? Many folks know Pandora as an Internet radio streaming service. But the company’s secret ...

  38. Business Matters: The Jury is Still Out on The Future of Music

    January 30, 2013 8:49 PM EST The news from the annual MIDEM conference indicated streaming is the future of music. Deezer expanded to new countries. Rdio launched free tiers in new countries. Online video is a growing portion of revenue for record labels and music publisher ...

  39. Sony/ATV Negotiates 25% Royalty Increase With Pandora

    January 17, 2013 3:26 PM EST The newly combined Sony/ATV-EMI music publishing powerhouse has used its market clout to negotiate a 25% royalty increase from Pandora, according to a report in the New York Post . The deal is said to run for the next 12 months. A source close to ...

  40. Pandora Expands Beyond U.S. for First Time, Launches in Australia, New Zealand

    December 10, 2012 8:01 PM EST Pandora Media on Monday officially expanded outside of its home territory in the United States, bringing its streaming radio service to Australia and New Zealand. The Oakland, Calif.-based Internet radio company announced in a filing with the Secu ...

  41. Pandora Shares Plummet on Sour Fourth-Quarter Forecast

    December 04, 2012 5:49 PM EST Investors pushed the panic button on Pandora Media Inc.'s shares on Tuesday immediately after the Internet radio company released a disappointing fourth-quarter financial forecast that triggered a 21% slide in its stock price. The Oakland, Ca ...

  42. Internet Royalties Showdown in Washington Wednesday: What to Expect

    November 27, 2012 6:01 PM EST Major stakeholders are expected to make their case on Wednesday in a Congressional hearing that will set the stage for what is likely to be a long battle over Internet radio royalty rates. At stake are hundreds of millions of dollars in fees paid ...

  43. Pandora's Weekly Cume Nearly 27 Million

    October 30, 2012 3:41 PM EDT Pandora announced Monday that its September 2012 weekly cume, the radio industry term for cumulative audience, in the 18 to 49 demographic grew 6% to 26.9 million from 25.3 million in June, as measured by Triton Digital. New York and Los Angeles a ...

  44. Pandora's Mobile Makeover: Playing to the 'Lean-Forward' Listener

    October 29, 2012 6:15 PM EDT Pandora on Monday unveiled a major upgrade to its mobile application in an effort to make its Internet radio service more engaging and social to its 175 million active users. The new features, many of which are already available on Pandora's ...

  45. Business Matters: Apple Events Have Dropped Pandora Shares Only 6% This Year

    October 26, 2012 7:09 PM EDT It may be hard to believe, but Apple news has not really had much of an impact on Pandora's share price. People may remember the impact from two reports about Apple's plans to launch an Internet radio service. But they could be less like ...

  46. CMJ Panels Day 2: Benjy Grinberg on Breaking Artists; Pandora's Tim Westegren Talks Failed Coup; Peter Kafka and Ted Cohen

    October 18, 2012 10:54 AM EDT Nontraditional Catalysts: From left: Surely Music's Pete Johnson, Triple Crown's Fred Feldman, Rostrum Record's Benjy Grinberg, Sensibility Music's Travis Yetton, Pandora's Matt Ostrower discuss unorthodox ways to break ba ...

  47. Opening Pandora's Box

    October 15, 2012 7:40 AM EDT The headlines say the Web radio leader is paying artists big bucks -- not so fast. When it comes to digital royalties, the devil is in the details. Pandora founder Tim Westergren continued his campaign for a change in royalty rates on Oct. 9 wit ...

  48. Business Matters: The Truth About Pandora's Payments to Artists

    October 10, 2012 3:05 PM EDT Pandora mounted an effective publicity campaign Tuesday by revealing the amounts of royalties some artists' songs generate on its service (as opposed to how much money those artists are actually collecting). The company is putting its politic ...

  49. Pandora Shares Rebound After iRadio No-Show

    September 14, 2012 8:15 PM EDT Shares of Pandora Media have recaptured over half the value lost after a Wall Street Journal report alerted investors Apple was considering building an Internet radio service. After starting the week with Apple's boot on its neck, Pandora end ...

  50. Pandora Shares Bounce on Analyst Upgrades

    August 30, 2012 7:21 PM EDT Analyst upgrades and improved fiscal 2013 guidance pushed shares of Pandora Media as high as $12.43 Thursday before ending up 14.3% to $11.52. Trading was heavy at 40.6 million shares versus a daily average of 2.8 million. Pandora's Second Qu ...

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