STRATA re-positions Pandora in its media buying platform

STRATA, a media buying platform that connects advertisers with media publishers, has re-positioned Pandora’s ratings profile on its dashboard, separating it from radio stations, according to Inside Radio and RAIN News sources. The action represents the latest twist in a long path of Pandora competing against U.S. broadcast radio for advertising dollars. RAIN spoke to several sources for comment. Continue Reading

Grooveshark announces crowd-sourced concert series

Plugging on despite its legal woes, Grooveshark announced a new plan for a live concert series. Grooveshark Presents aims to tap into the platform’s community for input and suggestions as it plans the events. “We are removing the significant risks promoters take in booking talent, simply by combining the intelligence gathered from our streaming platform with our unique ability to communicate with our listeners,” CEO and cofounder Sam Tarantino said. Continue Reading

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Borrell: Programmatic advertising will take over by 2024; sales reps gone

Programmatic advertising is well established in the web display industry, and growing fast in video. Radio (broadcast and streaming) lags behind, but awareness is growing as ad-buying software platforms become more sophisticated for audio. What is the future? For Gordon Borrell, the answer is clear: Programmatic will take over audio ad buying and selling, and sales reps face elimination and changing roles. Continue Reading

Pandora earnings: Positive financials; slowing audience growth; plummeting stock

Pandora’s Q3 earnings call on Thursday marked an anniversary of the one-year directorship of CEO Brian McAndrews. McAndrews told a story of record-breaking financial results, and slowing audience growth. Wall Street punished the company severely in after-hours trading following the late-afternoon call, and in today’s formal session. Continue Reading

Internet Radio Rewind #018

A weekly podcast from RAIN News

Sponsored by AudioBoom


A seven-minute blast of news you need to know in streaming music and online audio. This week: Deezer acquires Stitcher; Pandora earnings; Spotify study; Google relaunches streaming; Pandora AMP; NASA in SoundCloud.

This week: Sirius XM loses again in court; NextRadio milestone; SoundCloud’s struggles; SONY publishing threat; TuneCore payouts; Twitter’s new music feature Continue Reading

Rhapsody brings on first CEO in more than three years

Rhapsody has brought a new interim CEO into its executive ranks. David Hose will head the company for the time being while the board conducts a search for a permanent CEO. Hose has acted an as adviser, investor, and founder for several music- and mobile-centric companies. He most recently founded Soundwall, a startup that combines music and art to create “wireless connected canvases.” Continue Reading

Deezer acquires Stitcher

BREAKING

Deezer, the Paris-based on-demand music service which operates in 180 national markets, has acquired Stitcher, the market-leading podcast app. The breakthrough deal puts a whole new category of content into the Deezer library. RAIN spoke to Tyler Goldman, Deezer’s CEO of North America. Continue Reading