Pandora Shares Soar On Surprising Listening Metrics And Auto Ad Plan

By | Monday January 6, 2014 @ 12:56pm PST

Shares are up 14% in late afternoon trading and touched an all-time high of $32.45 today after Pandora unveiled surprisingly strong audience results for December — and a plan to introduce in-car advertising. Pandora_logoThe streaming music company had 76.2M active … Read More »

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Pandora Shares Hit On Report Of Apple Streaming Deal With Warner Music

By | Monday June 3, 2013 @ 9:54am PDT

Pandora shares are down about 11% at mid-day, a little more than a week after the company rallied from its report that sales were stronger than expected in Q1. Investors are anxious following The Wall Street Journal‘s … Read More »

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Pandora Shares Fall On Report That Apple Nears Streaming Music Deals

By | Friday April 5, 2013 @ 12:34pm PDT

Pandora Media’s down 7.7% this afternoon after CNET reported that Apple is “close” to enlisting Universal Music and Warner Music for an iTunes-linked streaming service. Apple would make it easy for users to buy songs that they … Read More »

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Pandora Media Chief To Leave Just In Time

By | Friday March 8, 2013 @ 12:50am PST

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 … Read More »

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Pandora Stock Pummeled On Reports That Apple May Launch A Rival Music Service

By | Friday September 7, 2012 @ 8:35am PDT

Many Pandora Media investors fear that the streaming music service — which tailors selections to users’ tastes — could be crushed by the electronics giant. Pandora shares are down more than 17% in early trading after The Wall Street Read More »

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Yahoo Teams With Spotify To Expand Music On Demand Audience

By | Tuesday June 26, 2012 @ 2:50pm PDT

This could give Spotify a huge boost in its competition with Pandora and others to become the dominant streaming music provider for Web users. Although the announcement from the companies is short on details, it says that … Read More »

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Can Spotify Become The iTunes Of Streaming Media?

By | Tuesday March 20, 2012 @ 4:31pm PDT

Even if you don’t have Spotify on your computer or smartphone screen, you should put it on your radar. Music execs tell me that the streaming service, introduced in the U.S. last July, is beginning to break from the pack of digital music providers which includes Pandora, Rdio, Rhapsody, MOG, and Slacker. ”The big question is whether it will become the iTunes of the streaming media market,” one tells me. Credit Suisse’s John Blackledge took note of Spotify yesterday in a 63-page report initiating coverage of Pandora Media, which offers a radio-like streamed service. “There is a lot of discussion and buzz around Spotify,” he says noting that it is “looking to siphon market share” from some of the giant sellers of downloaded music including iTunes and Amazon. Spotify has about 10M active users worldwide. (The company won’t break out the figures by country.) The vast majority use its ad-supported, free service which — in the U.S. – offers unlimited access to its library of more than 16M songs including tunes from all four major recorded music companies: Universal, Sony, Warner, and EMI. (No Beatles, though; iTunes has exclusive online rights to the group’s catalog.) The company’s goal, though, is to nudge users into paying for a subscription. About 3M people pay either $4.99 a month (for unlimited, ad-free streams to computers) or $9.99 (for unlimited, ad-free streams to mobile and digital devices as well as computers, and the ability to download songs for off-line listening). Users can listen to specific songs on demand, or let the service create playlists based on a particular performer or other criteria. While other companies offer similar services, execs say that Spotfy one of the easiest to use — and integrates well with Facebook, where users can share songs, playlists and recommendations. Indeed, only Facebook members now can sign up for Spotify. Read More »

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DirecTV Offers Pandora Service To Subs

By | Wednesday March 7, 2012 @ 12:18pm PST

EL SEGUNDO, Calif.– DIRECTV (NASDAQ: DTV), one of the world’s leading providers of digital television entertainment services, and Pandora (NYSE: P), the leading personalized radio service, are now giving customers unlimited access to personalized radio stations that play only the music they love from the comfort of their homes. Customers can easily search for their favorite artists, songs or musical genres and create personalized radio stations by using DIRECTV’s new 1080p HD Guide, one of the industry’s most intuitive and sophisticated HD on-screen guides.

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Media Stocks Suffer As Investors Fear Ad Sales Will Weaken

The Dow Jones U.S. Media Index was down 3.5% today while the DJ Industrial Average was off 2.4% — and Goldman Sachs may have contributed to the imbalance: It downgraded the entertainment sector today to “neutral” from “attractive” … Read More »

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Media Stocks -5.4% As Fresh Data Suggest The Economy Continues To Weaken

The bears are back. After a relatively calm week, stocks prices across the board — including in media — are tanking today following reports that point to rising unemployment and inflation, and weakness in manufacturing. An hour before … Read More »

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UPDATE: Media Stocks End Day -7.3% As Markets Grapple With S&P’s Debt Downgrade

UPDATE, 2 PM: The market deteriorated as the day wore on, continuing the worst market slump since 2008. The Dow Jones U.S. Broadcasting and Entertainment Index closed down 7.3% — exceeding the 5.6% decline in the Dow Jones Industrial Average, 6.7% drop in the Standard & Poor’s 500, and 6.9% fall at NASDAQ.  CBS’ -10.3% slide made it the leading loser among media’s Big Guns. It was followed by News Corp (-7.7%), Viacom (-7.1%), Comcast (-6.6%), Sony (-6.4%), Disney (-6.1%), and Time Warner (-5.8%).

Double-digit losers include AMC Networks (-12.8%), LIN TV (-12.7%), Sirius XM (-12.7%), RealD (-12.6%), Cumulus Media (-11.9%), TiVo (-11.4%), Entercom (-10.9%), Westwood One (-10.8%), and E.W. Scripps (-10.3%). Those losing at least 9% include National CineMedia, Dish Network, Arbitron, Sinclair Broadcasting, Rovi, Outdoor Channel, Crown Media, Electronic Arts, Cablevision, and Coinstar. Read More »

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