Why is Pandora Buying a Radio Station ... in South Dakota?
There's an odd inequality in online music royalties: Radio station operators that run streaming websites pay less per online song than Pandora. Enter, station KXMZ-FM.
There's an odd inequality in online music royalties: Radio station operators that run streaming websites pay less per online song than Pandora. Enter, station KXMZ-FM.
The financial markets are closed for the Christmas holiday, but when trading resumes on Wednesday, here's what's likely to help shape the rest of the week on Wall Street.
Pandora's popularity is unquestionable. The leading online music service provider served up 67 percent more hours of music to listeners in 2012's third quarter than it did the year before. But its profit outlook is ugly, and the level of competition it will soon face for our ears is even worse.
Internet radio pioneer Pandora Media continues to make big strides in popularizing streaming audio. Revenue in its latest quarter skyrocketed 51%, in large part due to its success at making money in mobile.
Shares of music streaming leader Pandora Media soared 12% on Thursday after it released its quarterly results. Yes, it posted a loss. And, yes it also posted a slight dip from last quarter. However, it's all about expectations, and Pandora beat those handily.
Internet radio has never been as popular as it is right now, and market leader Pandora continues to grow at a heady pace. It has seen its shares of the total U.S. radio-listening market nearly double to 5.55%. That's the upbeat song. But here come the blues.
There was a time when car radios cranked out the soundtrack of our lives. These days, radio is a bit of a forgotten toy, and there are more than 20 million people willing to pay for something they could get free the old-fashioned way.
There's a new threat on the horizon for Internet radio leader Pandora: Facebook has plans to partner with music streaming service Spotify. The good news for Pandora is that Spotify isn't online in the U.S. yet. They won't compete head to head for years. But when they do, what might it do to Pandora's stock value?
Sirius XM's first quarter results were strong, with total subscribers up 9% from a year ago to a new high of 20.6 million and adjusted EBITDA of $181 million, up 15% year-over-year. But what should most interest investors are the moves it's making to amplify its growth in the years ahead.










