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Pandora to get financial boost with Sirius investment of $480 million 12 June 2017

Pandora

Sirius XM Holdings Inc, in an effort to get a better foothold in the internet music streaming business, will invest $480 million in Pandora Media Inc.

Currently, Sirius XM has a solid presence in the auto industry where its channels are offered in most new cars in the US. However, it has been lagging behind Pandora and other music providers in the mobile and streaming content space.

It is speculated that Pandora audio streaming services could be offered as a bundle with Sirius XM in a similar fashion as Amazon bundles HBO and Showtime subscriptions. Read More

Launch a music streaming service like Pandora using Muvi instantly. Muvi takes care of everything end-to-end for you, from IT infrastructure to deploying, updating and maintaining the website and apps for Mobile & TV ecosystems, so you simply focus on your business and do not worry about IT and coding hassles. Muvi also offers a 14-days Free Trial, so click here to learn more & get started!

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