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Pandora earnings: A pivot point, mixed financials, and biggest new product in years comes to market

“2016 was a very significant year for Pandora, with progress on every important front. We enter 2017 with a clear set of strategic priorities and a solid plan to execute against them.” That was Pandora CEO Tim Westergren starting his company’s Q4 earnings call yesterday. Always optimistic, he laid out 2017 goals at a pivot point for the company he founded. Continue Reading

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Billboard incorporates Pandora data into Hot 100 chart

Billboard is adding Pandora streaming data to its rankings on the Hot 100 chart. The Pandora numbers now join Nielsen Music’s data about track sales, radio airplay, and on-demand streaming in determining placements. Pandora will also be used for streaming-based charts and the genre-specific charts that are based on the Hot 100 formula. This change will take effect beginning Jan. 31 (for charts dated Feb. 11). Continue Reading

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NY:LON Connect conference talks streaming prices, indie successes

Music Ally’s NY:LON Connect conference yesterday gathered experts and leaders from the music business to discuss some of the industry’s top topics. One session debated the prices for streaming music access and asked whether a lower monthly rate would help bring in more paying listeners. Another session focused on labels and how they can address the large share of media consumption given to video. This included a presentation by Charles Caldas, CEO of indie label network Merlin. Continue Reading

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App Annie 2016 report: Mobile driving revenue for streaming’s old guard

Mobile analytics specialist App Annie has published its 2016 Retrospective. The report tracked another year of growth for the app industry, growth in worldwide downloads and time spent in app. Many other reports last year pointed to mobile as a key source of listeners for streaming music services, but this retrospective revealed that it can also be a big revenue driver. Continue Reading

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MusicWatch time spent listening data sees Pandora in the lead for 2016

MusicWatch sent RAIN News a pre-release note with results of its 2016 ‘Music Streaming Wars’ study, and found that Pandora was had the largest share of weekly music listening at 28%. YouTube took second place with a 27% share. Both of those figures include the audio companies’ free and paid tiers. Continue Reading

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SoundExchange will continue administering webcast royalties for Pandora’s free radio service

Pandora has been re-thinking its licensing, inking direct deals with labels and publishers over the past two years. Despite those changes to the audio company’s licensing structures, SoundExchange will still be managing Pandora’s payouts to artists from the free tier. Continue Reading

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Hi-res streaming gets boost at CES with new industry collective

A collective of record labels, streaming platforms, and advocacy organizations leveraged the CES spotlight to announce a commitment to high-resolution (hi-res) audio streaming. The loosely-articulated mission continues an industry trend whose mileposts have been as varied as Neil Young’s Pono venture, Tidal’s hi-res streaming subscription service, and the small but notable resurgence of vinyl records. Continue Reading