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Audio streaming platform Pandora touches $417.6M in Q3

Audio streaming platform Pandora has registered $417.6 million in its Q3 earnings as a result of catapulting business of its paid products such as Pandora Plus and Pandora Premium. The two paid products have brought in $125.8 million in Q3 – a 49% increase year-over-year. However, the American music streaming service’s primary user base is …

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SiriusXM set to acquire music streaming service Pandora

Satellite radio company SiriusXM  has agreed to buy music streaming company Pandora at about $3.5 billion. With the deal, Sirius can tap into the mobile strength of Pandora while helping it in areas such as making personalized listening recommendations. The partnership also offers Sirius access to tens of millions of listeners moving to music streaming …

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Pandora’s paid subscriber base grows

Music streaming company, Pandora Media has reported a growth in paid subscribers for the second quarter of 2018, thus driving its shares 12 percent higher. Facing competitions from bigger rivals such as Spotify, Google Play Music and Apple Music hasn’t deterred Pandora from  introducing tailored playlists for its premium users. As of June 30, Pandora …

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Spotify terminates alliance with Adswizz platform after Pandora acquisition

Music streaming giant, Spotify is terminating its partnership with digital audio advertising platform AdsWizz since Pandora acquired AdsWizz in March. Winding up its agreement, Spotify remains dedicated to offer advertisers automated solutions to access engaged audience through its self-service ad platform, Spotify Ad Studio. Spotify had launched programmatic audio capabilities in 2016 and has developed …

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Facebook to have its own Alexa

The thriving success of Google Home and Alexa have prompted the social media giant Facebook to come up with its own smart speaker and if rumors are to be believed, it may see the daylight in the upcoming summer itself. Allegedly named Aloha and Fiona, are tipped to arrive with 15-inch displays and will have …

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Subscription fees likely to be increased owing to hike in royalty

The Copyright Royalty Board of the U.S. Library of Congress has increased the royalty rate from 10.5% to 15.1% of total revenues of streaming services to be paid to artists and their publishers. With the decision standing effective from 2018 to 2022, an increase in the subscription fee might be on cards. Music streaming services …

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Altice integrates Netflix into its cloud-based platform

Altice has announced the availability of its cloud-based platform for all customers including Altice One. This means Netflix will be accessed directly by Altice’s customers from the platform’s user interface. The cloud-based platform substitutes the traditional cable box and allows double- and triple-play customers to access a variety of applications including online streaming services such …

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Apple responds to Spotify with a new dashboard for artists

In response to arch-rival Spotify’s products for artists, Apple has launched a new dashboard which will allow artists on Apple Music to track fans’ listening and buying habits. The dashboard is called Apple Music for Artists and is available to select beta users before it gets a bigger launch later. In April 2017, Apple had …

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Apple Music grows despite drop in streaming music payment rates

According to a report, with the increase in streaming consumption, the per-stream rate has been dropping each year and 2017 is no exception. The data is restricted to the calendar year 2017 and represents a mid-sized indie label with an approximately 200+ album catalog generating 200 million + streams annually. Spotify, which was paying .00521 …

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Pandora to help shows monetize via ‘podcast genome project’

After launching a competition to Apple Music last spring, Pandora is all set to build a massive podcast catalog called “podcast genome project” that would help podcasters monetize shows more easily. Talking to Variety, Pandora Internet Radio CEO Roger Lynch said that the company is working on a deep integration of podcasts that will allow …

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