Pandora
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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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Spotify, Netflix, LINE, Pandora & HBO NOW top the list of 2016’s biggest apps by revenue
According to a new year-end report from Sensor Tower detailing the top apps of 2016, streaming services dominated when it came to which apps, outside of games, pulled in the most revenue over the past year. At the top of the list is Spotify, which not only scored the number one spot on the iTunes App Store, but also was the number one revenue earner across both platforms, including both… Read More
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Pandora is laying off 7% of its US workforce
Pandora said it would lay off around 7 percent of its U.S. workforce, excluding Ticketfly, by the end of the first quarter this year in an announcement that it would beat the guidance it set for the fourth quarter in 2016. Pandora now has more than 4.3 million paid subscribers, which at the end of the year is a flash of good news for a company desperately in need of some. Pandora has had… Read More
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Pandora’s Spotify competitor launches next year
Pandora’s Spotify competitor is on its way. Announced this week at press event in New York, Pandora Premium, as the service is called, offers on-demand listening of millions of songs, streamed ad-free, and supports offline access to music. But the company is aiming to make personalization its biggest differentiator from rivals including Apple Music, Spotify and others. The new service… Read More
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Pandora shares up 11% on acquisition report
Internet radio pioneer Pandora, saw its shares jump over 11% on Friday to $12.77, amid renewed acquisition speculation. A report from CNBC indicated that Pandora and SiriusXM are expected to discuss a possible purchase. The story cautions that there is “no assurance” that Pandora will reach a deal with SiriusXM or any other prospective buyers. This isn’t the first time… Read More
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Crunch Report | Donald Trump Is 45th President of U.S.
Reactions to Trump as president, GoPro is recalling the GoPRo Drone, TeamIndus is a team of 100 engineers in India trying to get to the moon, Twitter gets twice the amount of traffic on election night and Pandora has a site redesign. All this on Crunch Report. Read More
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Pandora unveils first web redesign since 2011
Pandora just released its biggest web redesign since 2011. Back in the day, when Pandora first launched, everything was web first, mobile second. But as more and more people made the shift to mobile, so did development and design decisions, Pandora Software Engineering Manager Laura Leaverton told me. Pandora’s new web design is a lot cleaner, with improved navigation, a fixed bar that… Read More
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Pandora’s latest quarter disappoints investors
In what has become a very competitive landscape for digital music, early pioneer Pandora is trying to remain a leader. The company reported third quarter earnings after the bell on Tuesday, giving a glimpse at the current health of their business. Pandora has seen its revenue grow to $351.9 million, up by 13% from the same period last year. Yet analysts had been expecting $366.1… Read More
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Pandora’s new iMessage app lets you text your favorite music
Tucked away inside Pandora’s rebranded app, launched yesterday, the company was hiding its first iMessage app, too. In fact, it’s the first third-party party streaming music service to launch its own iMessage extension, the company says. That’s not to say it’s the only music-focused iMessage app, of course. Apple Music already lets you share your favorite songs… Read More
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Ad-free Pandora Plus launches to all, along with a new company logo
Pandora is not taking today’s debut of Amazon’s new, on-demand music streaming service lying down. The company has conveniently timed the launch of its own new paid tier, Pandora Plus, to coincide with that of Amazon Music Unlimited’s arrival. In addition, Pandora has announced a rebrand, including an updated “P” logo, which is meant to reflect the evolution… Read More
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Pandora debuts a $5 per month streaming service with more skips, replays and offline access
Confirming earlier reports, Pandora today announced the launch of a new paid music service called “Pandora Plus.” While this service doesn’t offer a true alternative to Spotify, in terms of on-demand listening, the new $4.99 per month ad-free option offers a wider set of features, including the ability to skip more songs, more replays and support for offline listening. The… Read More
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Riders can now stream from Pandora in their Uber
Uber this morning announced an expanded relationship with Pandora, which will see the music service integrated into the Uber rider mobile application, along with Spotify. Uber customers in the U.S., Australia, and New Zealand, will now be able to access their Pandora account from the Uber app in order to listen to their own favorite stations and artists while in the vehicle. The… Read More
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