Streaming music site Pandora is reportedly going to wind down its push for more high-value subscribers, say researchers at Needham & Co. Pandora is now heavily under the influence of Liberty Media, which also controls SiriusXM. Needham & Co’s Laura Martin, in a research note to clients, says with SiriusXM holding three of nine board […]
Stream-ripping is now the most dominant form of music piracy in the UK, according to research by the Intellectual Property Office and PRS For Music. The Online Copyright Infringement (OCI) Tracker, commissioned by the IPO, has revealed that 15 per cent of UK Internet users, approximately 7 million people, either stream or download material that […]
Barely 10 days ago pay-radio operator SiriusXM invested $480 million into US streaming service Pandora. On June 27th Pandora confirmed what the industry had rumoured for a few days, that its CEO – and co-founder – Tim Westergren, had “stepped down”. The senior-level changes are far from over. SiriusXM now owns 19 per cent of […]
A report from BPI/ERA, entitled Generation Z: Meet the Young Millennials, explores the music consumption habits and social media behaviour of today’s young Millennials (aged up to 19) and how their engagement across streaming and video platforms and social media and messaging apps, including Instagram, Snapchat and Musical.ly, is shaping longer-term trends. Highlights from the […]
Research revealed at the WorldDAB Automotive Event, has explored the in-car user experience of digital radio. Carried out in, Germany, UK, The Netherlands and Belgium, the research asked 40 consumers about their experience of in-car digital radio. Key findings include: Drivers love digital radio and prefer the experience to FM radio Drivers expect a great […]
Last week’s investment of $480 million (€428m) by pay-radio operator SiriusXM into music streaming service Pandora leaves far more questions unanswered than answered. The deal has yet to proceed through various hurdles, but assuming the deal wraps, then SiriusXM will have an 18 per cent stake in Pandora, and with Pandora saying it will use […]
Further to advanced-television.com’s revelation on June 8th that pay-radio operator SiriusXM had renewed its interest in investing in streaming music service Pandora, the pair have announced that SiriusXM will make a $480 million (€430m) strategic cash investment in Pandora. Under the terms of the agreement, a subsidiary of SiriusXM will purchase an aggregate of $480 […]
It is far from the first such report that pay-radio operator SiriusXM is interested in investing in streaming music service Pandora, but this time Reuters is reporting that the previous reports were correct, although now SiriusXM is attempting a variation on the acquisition plan. Liberty Media owns SiriusXM and the news organisation is saying that […]
Podcast advertising is reaching a targeted audience of highly-engaged and influenced listeners – with a quarter of listeners saying they would be ‘more likely’ to buy a product recommended by a podcast host. In a survey of 2,646 UK podcast listeners by audioBoom, 25 per cent said they were ‘more likely’ to purchase a product […]
Pay-radio operator SiriusXM is widely reported to be again looking to buy streaming service Pandora. Last summer the pair were said to be in talks but the rumoured $15 a share placed on the table by SiriusXM was apparently rejected despite valuing Pandora at some $3.4 billion. Now, if the reports are accurate, Pandora is […]