Pandora
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Sling TV founding CEO Roger Lynch is Pandora’s new president and CEO
Pandora announced today it has appointed Robert Lynch as its new president and CEO. Lynch was the founding CEO of Dish’s Sling TV previous to the move. He will also become a member of Pandora’s board of directors, along with Snap Inc.’s Michael Lynton. Lynch’s new position comes just as Pandora has launched a rebranding effort to focus on conversion of free users to… Read More
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Pandora sort of bounces back after months of chaos
Pandora is probably breathing a small sigh of relief after months of chaos have still ended with a positive second quarter, sending the shares up more than 7 percent in extended trading. Read More
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Netflix was the top grossing app in Q2, with mobile revenue up 233% since last year
Netflix’s booming subscriber growth, announced in the company’s earnings last week, is also being felt on the App Store, where its app has again become the top earner in terms of revenue. According a recent report from app store analytics firm Sensor Tower, the app in Q2 saw 233 percent revenue growth year-over-year to $153 million in the most recent quarter. That’s up from… Read More
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Pandora CEO Tim Westergren is officially out amid company shakeup
Following rumblings of a shakeup over the weekend, Pandora confirmed today that co-founder Tim Westergren is stepping down from his role as CEO. Naveen Chopra, who stepped in as the company’s CFO back in February, will be filling in the top spot as interim CEO while the board of directors looks for a permanent replacement. Read More
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Crunch Report | Caldbeck and Mazzeo leave Binary Capital
Binary Capital co-founder Justin Caldbeck quits as Matt Mazzeo steps away from the firm, Pandora co-founder and CEO Tim Westergren will step down according to reports, Houzz raises a huge $400M round at a $4B valuation, Avis signs on to manage Waymo’s self-driving vehicle fleet in Phoenix and MIT’s new drones switch between flying and driving for optimal urban transport. Read More
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Pandora co-founder and CEO Tim Westergren will step down according to reports
Pandora’s chief executive and co-founder Tim Westergren intends to hand over the reins at the company, according to a report in Recode citing people familiar with the company’s plans. Read More
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Equity podcast: Uber’s shakeup and Pandora’s new tune
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where each week we discuss other people’s copious dollars and lacking sense. This week, Katie Roof, Matthew Lynley and I — Alex Wilhelm — were lucky enough to have Charles Hudson join our little crew. Hudson is both a managing partner at Precursor and a venture partner at SoftTech. The… Read More
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Crunch Report | SoftBank Buys Boston Dynamics
SoftBank is buying Boston Dynamics, Pandora sells 16% of company to SiriusXM and Taylor Swift is coming back to music streaming. All this on Crunch Report. Read More
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Pandora raises $480M from SiriusXM, sells Ticketfly to Eventbrite for $200M
Troubled streaming music service Pandora has finally found a white knight of sorts to boost it with a cash injection as it looks to improve its business: SiriusXM has just announced it will be investing $480 million in cash into publicly traded Pandora. Pandora also is selling Ticketfly to Eventbrite for $200 million. Read More
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Pandora adds a continuous listening mode with AutoPlay, while considering a Sirius XM investment
Pandora today is rolling out a new feature to its Premium tier that will allow subscribers to continue to listen to music, uninterrupted, when their current track, album or playlist ends. Called, simply, “AutoPlay,” the feature works by shifting users to a personalized radio station based on whatever it is you were listening to before. Read More
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Crunch Network
Discontent and disruption in the world of content delivery networks
As content delivery networks (CDN) market leaders grapple with technological shifts, some innovators are making rapid advances. The CDN market, estimated at $5 billion today, is anticipated to be more than $10 billion by 2019. While the market is growing rapidly, can the giants learn to dance? How are the startups aiming slingshots at the legacy Goliaths? Read More
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Pandora will consider buyout before selling $150M in preferred stock to KKR
Pandora is taking a cash infusion to maintain “a strong balance sheet” as it struggles to shift from radio to the increasingly popular on-demand streaming model. Private equity firm KKR has agreed to buy $150 million in Series A preferred Pandora shares and be paid a 7.5 percent or 8 percent quarterly dividend; KKR’s Richard Sarnoff will take a board seat. Read More
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Crunch Report | Facebook Launches Camera Effects Platform
Today’s Stories Facebook launches augmented reality Camera Effects developer platform Facebook launches beta of Spaces, its goofy and fun social VR platform Snapchat introduces World Lenses – live filters for just about anything Steve Ballmer’s new project sheds light on U.S. Government spending Pandora Premium opens to all, invites no longer needed
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Pandora Premium opens to all, invites no longer needed
Pandora Premium, the company’s paid, on-demand service and rival to Spotify, is today available to all users. The service was technically launched in March, but required users request an invitation to join, as it ramped up to its broader, public availability. The service itself is essentially Pandora’s own spin on on-demand music, offering a combination of radio-like listening as… Read More
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Pandora becomes the latest tech company to turn to private equity
If you haven’t being paying attention, private equity firms love them some technology companies. According to new Pitchbook data, one-fifth of all U.S. private equity deals in the first quarter of this year centered on companies in the IT sector. The streaming music service Pandora is reportedly talking with private equity firms to expand its business, too. Read More
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Report: Free trials push Apple Music ahead of Pandora and Spotify on mobile usage
Spotify may be the reigning leader when it comes to the largest number of paid subscribers for a streaming music service, but it’s Apple that comes out on top when their respective audiences translate into monthly unique users, specifically on mobile. A report published this week from mobile analytics firm Verto has found that Apple Music attracted 40.7 million monthly unique users to… Read More
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Crunch Report | Intel Acquires Mobileye
Today’s Stories Intel buys Mobileye in $15.3B deal, moves its automotive unit to Israel Pandora’s on-demand music service finally arrives Facebook tells developers to not use data for surveillance YouTube launches Uptime, an experimental app for watching videos with friends New iPad models being tested around Cupertino, logs show Credits Written and Hosted by: Anthony Ha
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Pandora’s on-demand music service finally arrives
Pandora’s long-awaited alternative to Spotify has arrived today. The company this morning announced the debut of a new paid tier to its streaming service called Pandora Premium, which offers a combination of radio-like listening as well as the option to search and play any track and create your own playlists. Read More
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Pandora falls 4% on earnings news
Internet music giant Pandora fell 4 percent in initial after-hours trading after the company released its fourth-quarter 2016 earnings results. Pandora actually beat expectations, but this was already worked into the stock because the company announced last month that they would beat guidance. Investors were apparently looking for something better. The earnings per share loss came in at 13… Read More
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Sources: Spotify may delay IPO to 2018 as it rethinks licensing deals
Spotify — the music streaming company with over 100 million users (40 million of them paying) — has long been seen as one of the more likely candidates among larger tech startups to go public in 2017, but it looks like this plan may be shifting. TechCrunch has heard from multiple sources that the company is now weighing a plan to delay an IPO until 2018. The delay… Read More
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