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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

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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

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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

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Spotify enters deal with Capital One for discount subscription promo

Spotify has entered into a partnership with Capital One that will offer discounted music subscriptions to customers of both businesses. Under this collaboration, users who sign up for Spotify with a Capital One Quicksilver card will get a 50% credit rebate. The promotion applies to the full $9.99 a month tier as well as the student and family plans. Continue Reading

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Apple Q2 2017 results show overall growth, few insights on Apple Music

Apple has posted its Q2 2017 results. Quarterly revenue for the tech giant totaled $52.9 billion, up from $50.6 billion in the year-ago period. Apple does not break out any of the financial details for its streaming music platform, but that product is included in its Services arm along with revenue from any of its digital content. Continue Reading