Re:Pandora Pop Is Gone Day After IPO
by simonsarris on Thursday June 16, 2011 @12:12PM
(#2661877)
That doesn't seem right at all. From Reuters yesterday,
"Chief Executive Joseph Kennedy said there was no timeline to turn a profit, though a larger audience should eventually attract advertising dollars."
http://www.reuters.com/article/2011/06/15/pandora-idUSN15283...
The royalty rate that Pandora pays will increase 10% a year until 2015, which is when their current agreement expires. So, essentially, they have to be 10% better at extracting value out of each song played over the next 3.5 years. All bets are off come 2015.
http://techcrunch.com/2010/06/16/tc-teardown-pandora-the-tou...
I don't think this is correct at all actually:
http://www1.realclearmarkets.com/news/reuters/finance_busine...
And their stock price reflects it
Looks like they recently turned their first quarterly profit.
I love Pandora. It's the app that's being run the most on all my machines (laptop/desktop/android). In my eyes it's completely overpowered things like satellite radio.
Google Music is nice, too, but only if you have a large existing library of music, and in my recent experience it's been very slow to jump from one song to the other.
I used to listen to Pandora for ~50 hours a month, but since they added in comedy show clips, my usage has jumped up quite dramatically. I absolutely love it.