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Pandora Eyes Apple Music, Spotify With Rdio Acquisition

2015-11-17 18:02:11| PC Magazine Software Product Guide

With Rdio's tech, Pandora wants to introduce a Spotify-like on-demand music service next year.

Tags: music eyes apple acquisition

 

Rdio sells technology to Pandora, files for bankruptcy

2015-11-17 09:13:00| Telecompaper Headlines

(Telecompaper) Pandora has agreed to buy technology and intellectual property from Rdio, a music streaming company, for USD 75 million in cash, subject to certain price adjustments. The deal is contingent upon Rdio filing for bankruptcy. If the transaction is approved by the bankruptcy court, Rdio will wind down its Rdio-branded services in all markets. Pandora noted that it will not be acquiring the operating business of Rdio, only the technology. Pandora will offer many members of Rdio's team roles at the company, subject to close of the agreement. The company expects to offer an expanded Pandora listening experience by late 2016, pending its ability to obtain proper licenses.

Tags: technology files bankruptcy sells

 
 

Pandora Coughs Up $90M to License Older Songs

2015-10-23 23:01:40| PC Magazine MP3 Player Product Guide

A $90 million settlement will allow Pandora to stream songs created before 1972.

Tags: license older songs pandora

 

Pandora Coughs Up $90M to License Older Songs

2015-10-23 23:01:38| PC Magazine Software Product Guide

A $90 million settlement will allow Pandora to stream songs created before 1972.

Tags: license older songs pandora

 

Pandora lifts Q3 revenues 30%, inks USD 90 mln settlement

2015-10-23 09:28:00| Telecompaper Headlines

(Telecompaper) Pandora and a coalition of independent and major record companies have agreed to a USD 90 million settlement for Pandora's use of recordings created before 1972. The settlement was reached between Pandora and ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings and Warner Music Group. The deal resolves the use by Pandora of the recordings. The internet radio service also announced its third quarter results, with revenues jumping 30 percent year-on-year to USD 311.6 million. The net loss however grew to USD 85.93 million from a loss the year earlier of 2.02 million.

Tags: usd settlement revenues pandora

 

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