Entries tagged with: Pandora
"Rdio's apps will soon stop working -- the exact timing depends on when the deal closes -- and its modest subscriber base will have to do its music streaming elsewhere.":There you have it. Use RDIO while you still can, but don't bother investing any more time curating your music collection there, and we'll have to wait a while to see if Pandora comes up with anything good to replace it.
"For its part, Pandora says that Becherer and his team will build a new on-demand product for the company using Rdio's intellectual property. It is expected to launch in late 2016."
Speaking of Spotify, check out BrooklynVegan's new show there.
We just wrote about Beats Music shutting down and now here's more streaming music news: Pandora has acquired "key assets" from Rdio, including technology and intellectual property. Rdio, as the Verge reports, has filed for bankruptcy. In a press release:
The purchase price is $75 million in cash, subject to certain purchase price adjustments.As referenced in the PR, Pandora also bought Ticketfly not too long ago.
"We are defining the next chapter of Pandora's growth story," continued McAndrews. "Adding live music experiences through Ticketfly was a transformative step. Adding Rdio's impressive technology and talented people will fast-track new dimensions and enhancements to our service. I couldn't be more optimistic about Pandora's future and the future of music."
"The Rdio team built an acclaimed product and technology platform that has consistently led innovation in the young streaming industry. I'm pleased that many members of the Rdio team will continue to shape the future of streaming music, applying our tradition of great design and innovative engineering on an even larger stage with Pandora," said Anthony Bay, chief executive officer of Rdio.
The transaction is contingent upon Rdio seeking protection in the United States Bankruptcy Court for the Northern District of California. Upon approval of the proposed transaction by the bankruptcy court, Rdio will be winding down the Rdio-branded service in all markets. Pandora is not acquiring the operating business of Rdio, and is acquiring the technology and talent to accelerate its own business strategy. The transaction is subject to the approval of the Bankruptcy Court, which will supervise an auction for the assets of Rdio, as well as other customary closing conditions.
Pandora announced early Wednesday that it would acquire Ticketfly for $450 million, in a mix of cash and stock. The deal further expands Pandora's interests in providing services to artists. Last year, it introduced a data system, the Artist Marketing Platform, or AMP, that shows musicians which songs are most popular on the service and where. And in May, Pandora bought Next Big Sound, another data service, which studies the listening and online searching patterns of streaming music customers.The Times also points out that this could be a threat to Ticketmaster/Live Nation:
Pandora's control of Ticketfly could pose a challenge to Ticketmaster, particularly given Pandora's history of using its user data for marketing. The company, which derives about 80 percent of its revenue from ad sales, has long pitched advertisers on its ability to identify its users based on their demographic data and listening habits -- even going so far as to say it can predict its listeners' political affiliation.If you live in NYC, you've probably used Ticketfly to get tickets for shows at The Bell House, Saint Vitus, Acheron, Baby's All Right, Cake Shop, Union Pool, Union Hall or many others.
"The combination of Ticketfly and Pandora will be a marketing and event discovery powerhouse," said Andrew Dreskin, Ticketfly's chief executive and co-founder, "giving venues and promoters unprecedented access to a massive and targeted audience of nearly 80 million music fans."
Pandora issued an official statement, which you can read in full below...
This letter, signed by a ton of artists and pictured above, is set to appear in an ad in Billboard:
We are big fans of Pandora. That's why we helped give the company a discount on rates for the past decade.Pink Floyd, Down, Primus, Dead Kennedys (with our without Jello?), Nas, Alabama, Sheryl Crow and many more big major label names signed this (or someone signed it on their behalf). Check out the full list below, and head to fairpayforartists.com for more information on their point of view..
Pandora is now enjoying phenomenal success as a Wall Street company. Skyrocketing growth in revenues and users. We celebrate that. At the same time, the music community is just now beginning to gain its footing in the new digital world.
Pandora's principal asset is the music.
Why is the company asking Congress once again to step in and gut the royalties that thousands of musicians rely upon? That's not fair, and that's not how partners work together.
Congress has many pressing issues to consider, but this is not one of them. Let's work this out as partners and continue to bring fans the great musical experience they rightly expect.
The issue is that Pandora is supporting the Internet Radio Fairness Act which they say will "help end the long-standing discrimination against internet radio". Artists are mad because that possibly means less money for them, but Pandora and other Internet radio providers argue they can't stay in business the way things are now.
Apple is getting into the streaming music business. Bloomberg News reports that the company is in talks with record labels and music publishers with hopes to launch a Pandora-esque internet radio service next year.
Meanwhile, Apple just launched the iPad mini which is a little bit cheaper than the regular iPad and fits in your hand. Perfect for those Goldilocks types who thought the iPad was too big but the iPod Touch was too small.
Portugal. The Man at SXSW 2011 (more by Dominick Mastrangelo)
Pandora is hosting a show and it's happening in NYC on Tuesday (1/17) at Bowery Ballroom with Portugal. The Man. The show is free and invitations were sent to Pandora listeners with a Portugal. The Man station or who recently thumbed-up a track by the band. However, if you aren't either of those things and still want to go, a limited number of free passes will be given away at the venue at 7 PM on the day of the show.
You can also catch the band three days later. Portugal. The Man will stick around NYC for one more show before they head overseas for an international tour and play Brooklyn Bowl on January 20 (update: with Sam Champion). Tickets for "Freaks Ball XII" go on sale today (1/13) at noon.
All dates are listed below...