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Facebook acquires Source3 startup for rights management tech

Facebook’s possible plans for music content continue to take hazy shape as the company assembles tech and talent in that space. The latest development is the acquisition of Source3, a startup that specializes in “analyzing branded intellectual property in user-generated content.” The Source3 team and the company’s technology will be incorporated into Facebook’s ranks. Continue Reading

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leanStream and Media Sales Lab announce merger on eve of Digital Audio Advertising North Summit

Digital audio companies leanStream and Media Sales Lab announced that they have merged into a single entity. The company will combine the audio ad network of Media Sales Lab with leanStream’s global audio streaming network of more than 400 radio stations. The merger is effective as of June 1 and the new business will retain the name leanStream, which will be responsible for producing the inaugural Digital Audio Advertising North Summit in Canada. Continue Reading

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Pandora sells its South Dakota terrestrial radio station

Pandora has sold its terrestrial radio station. It has handed off the South Dakota station KXMZ 102.7 to Haugo Broadcasting for $300,000. Pandora initially purchased the station from Connoisseur Media in 2015 for $600,000. The sale brings an end to a convoluted chapter in the audio company’s legal and licensing history. Continue Reading

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More from Pandora: Ticketfly sold, leadership boasts strong balance sheets

The news of Sirius XM’s $480 million in Pandora wasn’t the only big development for the audio company today: Pandora has sold Ticketfly to Eventbrite for $200 million. Here, we also get a little more insight into what the outlook is within Pandora, both on the recent business activities and on its future direction. Continue Reading