Joseph J. Kennedy said he would be leaving Pandora Media after a 9-year tenure. His announcement was made to his Board on Tuesday and in an analyists call on Thursday. Now the Internet radio service will search for a successor. The chairman/CEO may be getting out just in time. In September 2012 the stock was pummelled by reports that Apple may launch a rival ad-supported music service. Pandora investors fear that the streaming music service — which tailors selections to users’ tastes — could be crushed by the electronics giant. Pandora has about 150 million registered users, and 55 million of them listen frequently giving it a significant head start over Apple. But payments for music rights eat up about 60% of its revenues which has severely impacted Pandora’s profitability. Since that report, Pandora’s stock has righted itself and the company has posted better-than-expected earnings and growth for its fiscal 4th quarter and full year.


I still use Pandora and love it. Dear Pandora, have you thought about expanding into K-pop? The fees should be much lower for their rights and the teen fanbase is exploding by leaps and bounds, both in America and world-wide. It’s a young fanbase that is very attractive to advertisers. K-pop band BIGBANG grossed $5 million on 2 concert venues in the U.S. last year. That is the smallest fraction of what the worldwide tour brought in. Talk to Live Nation. Asian acts don’t get their tours recorded on Billboard usually, but Live Nation will tell you that BIGBANG had one of the 10 highest grossing tours in the world last year. K-pop is the only genre with vigorous growth in the U.S. right now. EDM is also showing some life, but teens aren’t as emotionally invested in it.