Pandora, Sirius XM close investment. Sirius execs join board.

Pandora and Sirius XM have closed the strategic investment announced in June. Sirius XM has purchased 307-million Series A shares of P stock for a $480-million investment in the internet radio firm. At the same time, Sirius execs James E. Meyer (CEO), David J. Frear (CFO) and Gregory B. Maffei (Chairman) joined the Pandora board. Maffei is now chairman of both companies. Continue Reading


New research on listening/streaming preferences charts pros and cons of radio

Research firm Bridge Ratings released a new consumer survey of 2,200 consumers age 12-64 about why they do and don’t like AM/AM, and why they like streaming. There is a clear tilt to this work, as the report does not contain any queries or responses for what people might dislike about streaming. Continue Reading


Pandora earnings: Premium in perspective, programmatic on deck

A month after Pandora turned a corner with a new CEO, new board members, and new minority owner, the company released Q2 earnings. During the webcast investor call interim Chief Executive Naveen Chopra went through the basic financial metrics and took questions from investors. Click through for key points in the Q&A. Continue Reading


Jay-Z, a new album, and Spotify’s ongoing journey toward artist-friendly distribution

For the release of his newest work, Jay-Z opted to gate the album to his Tidal streaming service for one week. But even after distributing the music to most other digital platforms, Spotify still does not have 4:44. That may not be a cheap decision for the artist, and it also shows that Spotify has still not shaken some long-held assumptions among A-list performers. Continue Reading


Spotify shares report connecting listening and consumer habits

Spotify for Brands has two announcements for how to potentially market through music, data, and personalized habits. First, the company has shared a widget called Spotify.Me, a tool for quantifying listening preferences into data points that would be most useful to marketers. The second announcement is a related report called Understanding People Through Music. This analysis of 140 million people’s music habits draws some connections between the audio and likely spending habits. Continue Reading


Pandora turns another corner – Westergren, Herring out. CEO search on. New board member in.

Reported yesterday and confirmed this morning, founder and CEO Tim Westergren has left Pandora. He steps down from the chief executive position, and exits the board of directors. President Mike Herring likewise leaving. The CFO is now interim CEO. A new board member takes a seat, as directors start searching for the next CEO. Continue Reading


Tim Westergren reportedly to step down as Pandora CEO

The changes are still coming for audio specialist Pandora with the news that Tim Westergren may be stepping down as Pandora’s CEO. Recode reported on Sunday that the co-founder plans to exit the top executive role at the online audio company. Pandora reportedly does not have a planned replacement yet for Westergren, and he is expected to stay on until a new CEO joins the business. Continue Reading


Apple seeking lower revenue share payouts to labels

Apple is reportedly looking to renegotiate its deals with record labels in a move that could reduce the share of revenue it needs to pay out to those industry players. Unnamed sources told Bloomberg that the talks cover both Apple Music and iTunes. The current deals are slated to expire in June, but could be extended if new terms are not reached, according to the sources. Continue Reading