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Pandora Inks Licensing Agreements With ASCAP And BMI, Withdraws Prior Appeal
Tuesday, December 22, 2015 - 10:26am | 226Shares of Pandora Media Inc (NYSE: P) were trading higher by 1.76 percent at $14.47 Tuesday morning after the company announced it signed a licensing agreement with ASCAP and BMI. Pandora agreed to two separate multi-year licensing agreements with ASCAP and BMI for their combined music...
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Do Analysts Like Pandora's Rdio Acquisition?
Tuesday, November 17, 2015 - 12:42pm | 521Shares of Pandora Media Inc (NYSE: P) have fallen sharply from its 52-week high of $22.60 in early October and are now lower by nearly 35 percent over the past month. Pandora said it will pay $75 million to acquire the assets of bankrupt Rdio. Axiom's Victor Anthony suggested that...
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YouTube Introduces New Music App; Prominent Media Analyst Responds
Friday, November 13, 2015 - 2:49pm | 474According to Re/code, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s YouTube is set to launch a fully dedicated music app. The music app, called YouTube Music, will feature an optional paid subscription model. Rich Tullo of Albert Fried cautioned that the streaming service does have its flaws. By...
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'Serial' Podcast And Ticketfly News Gives Pandora Stock A Lift, But Is The Move Justified?
Monday, November 2, 2015 - 12:37pm | 576Shares of Pandora Media Inc (NYSE: P) were higher by more than 4 percent Monday morning. Pandora said on Monday it will be the exclusive streaming partner for "Serial," the quickest podcast to reach five million downloads and streams in Apple Inc. (NASDAQ: AAPL) iTunes'...
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Wall Street, Bob Peck At Odds Over Pandora
Friday, October 23, 2015 - 11:21am | 735Shares of Pandora Media Inc (NYSE: P) plunged to a new 52-week low on Friday of $11.50 and is now lower by nearly 45 percent from a year ago. Pandora reported an in-line third quarter, but lowered its full year revenue and EBITDA guidance and also announced a $90 million settlement....
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SunTrust's Peck Sees $90 Million Settlement For Pandora As 'Very Reasonable'
Monday, October 19, 2015 - 4:01pm | 455Shares of Pandora Media Inc (NYSE: P) have surged higher by more than 40 percent over the past three months, but are still lower by 10 percent from a year ago. Investors appear to be more positive on the company despite ongoing concerns related to royalty rates. Media reports suggested the company...
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Resurgent Detroit: 5 Reasons To Invest In The Motor City
Monday, October 12, 2015 - 2:12pm | 797Benzinga will be moving its headquarters to the heart of Detroit in just a few short weeks, so this will be the last of our monthly series highlighting establishments and exciting things going on in our new home. To read another cool piece in the series about Detroit being green, click here....
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Meet Tien Tzuo, The Man Helping Businesses Join The Subscription Revolution
Saturday, September 26, 2015 - 12:05pm | 1381Subscription-based services like Amazon.com, Inc. (NASDAQ: AMZN) Prime and Netflix, Inc. (NASDAQ: NFLX) have forced companies in every sector to re-examine their business models. Many of these companies have turned to Zuora for help. Co-founded by Tien Tzuo, Zuora makes it possible for...
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Pandora's Q3 Results Could Be Hurt By Apple Music, But Q2 Likely Unscathed
Tuesday, July 21, 2015 - 6:38am | 635Apple Music is not expected to have a big impact on Pandora Media Inc (NYSE: P) this quarter, but that could change in the coming months. "I think, from a revenue standpoint, the quarter should be fine," B. Riley & Co. analyst Sameet Sinha told Benzinga. "[It] should come in-...
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If Apple Doesn't Report 'Big Numbers' For Apple Watch, Will It Be A Disappointment?
Monday, July 20, 2015 - 5:02pm | 560Apple Inc. (NASDAQ: AAPL) is just one day away from reporting its fiscal 2015 third quarter results, and everyone on Wall Street wants to know the same thing: Will it be a quarter to remember? iPhone sales are expected to skyrocket, but investors might be looking for Apple to discuss its first...
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OTR Global: Pandora View Has 'Deteriorated' On Ads, Local Radio Spending
Wednesday, July 15, 2015 - 12:11pm | 618In a report published Wednesday, OTR Global analyst Michael Foster commented that Pandora Media Inc (NYSE: P)'s "eagerly anticipated" programmatic buying platform has resulted in "tepid buyer enthusiasm." Foster noted that digital buyers reported "steady"...
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Apple To 'Aggressively' Combat Spotify's 75 Million Users With Apple Music Trial
Wednesday, June 10, 2015 - 3:09pm | 521How will Apple Inc. (NASDAQ: AAPL) respond to Spotify's latest statistics? The streaming music company announced that more than 20 million people now pay for its premium service. An additional 55 million consumers use the free version, which Apple has tried to eliminate. Spotify has also raised...
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Wall Street Reacts To Pandora's Federal Rate Court Loss
Monday, May 18, 2015 - 11:16am | 389Shares of Pandora Media Inc (NYSE: P) continued trading in negative territory Monday morning after a Federal rate court Judge Louis L. Stanton ruled that the company should increase its publishing royalty rate to BMI from 1.75 percent of revenue of 2.5 percent. JMP Securities: Unfavorable...
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Apple's U.S. Smartphone Market Share Grows; Facebook Top App
Monday, May 11, 2015 - 8:08am | 456ComScore, a global leader in digital media analytics, reported last week key data relating to the U.S. smartphone industry for March 2015. According to ComScore, Apple Inc. (NASDAQ: AAPL) improved its OEM market share to 42.6 percent from 41.6 percent at the end of 2014. Samsung Electronics Co...
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What's To Like About Pandora's Latest Earnings?
Monday, April 27, 2015 - 11:58am | 322In a report published Monday, Barrington Research analyst Jeff Houston commented on Pandora Media Inc (NYSE: P)'s first quarter results, noting that the company's strong performance was driven by accelerated listener engagement, mobile monetization and business-model leverage. Shares remain...