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Has The Pandora Thesis Changed In Light Of KKR Investment?
Tuesday, May 9, 2017 - 8:53am | 380Read More...Pandora Media Inc (NYSE: P)'s stock peaked just shy of $40 per share in 2014 and steadily declined to a single-digit price in 2016. Much has changed in the streaming music, including the rapid growth of startup Spotify who stole market share away from Pandora over the years. But on Tuesday many...
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Pandora Pays A Premium For What It Hopes Will Be The Right Strategic Investor
Tuesday, May 9, 2017 - 7:53am | 385Read More...Shares of Pandora Media Inc (NYSE: P) were trading higher by nearly 4 percent early Tuesday morning in reaction to the company's mixed financial results. However, the company's earnings report was accompanied by the announcement of a $150 million investment from the private equity powerhouse KKR...
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When It Comes To Discovering New Tunes, AM/FM Radio Still Trumps Streaming Services
Saturday, March 18, 2017 - 4:52pm | 365Read More...This may come as a surprise, but AM/FM radio still reigns supreme for new music. Consumers have access to countless streaming music providers, some of which are offered free, but data compiled by Statista show for many Americans, the "dusty old radio in the corner of the kitchen beats their shiny...
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Wells Fargo's Take On Pandora's Spotify Competitor
Wednesday, December 7, 2016 - 10:26am | 366Read More...Pandora Media Inc (NYSE: P), once a pioneer and early mover in the online streaming music space, has seen its competitive positioning suffer at the hands of peers that offered an on-demand music streaming service. Platforms such as Spotify offer consumers the ability to listen to what they want,...
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Sirius XM Counting Down To Competition From Apple CarPlay And The Android Auto System
Thursday, September 22, 2016 - 12:09pm | 308Read More...Sirius XM Holdings Inc. (NASDAQ: SIRI)'s satellite radio is found in 75 percent of all new cars sold today. According to Amy Yong of Macquarie Capital, Sirius' dominance in the car will continue until at least 2020, given its "unique commercial free bundle" that's hard to...
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Napster Is Back (By Name, At Least)
Wednesday, June 15, 2016 - 11:45am | 275Read More...Napster is back... sort of. The infamous peer-to-peer file sharing service was all the rage in the late 1990s. However, the company was riddled with legal battles and forced to shut down in 2001. The company went on to transition itself as a legitimate online music store and was eventually...
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Activist Investor Says Pandora Is 'Pursuing A Costly And Uncertain Business Plan'
Tuesday, May 17, 2016 - 9:01am | 304Read More...Corvex Management is an activist investment firm and also Pandora Media Inc (NYSE: P)'s largest shareholder, holding a 9.9 percent stake in the issue. On Monday, Corvex's Managing Partner Keith Meister delivered a letter to Pandora's Chairman of the Board James "Jim" Feuille. The investment manager...
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Pandora Names New Slew Of Executives
Monday, March 28, 2016 - 9:40am | 189Read More...Shares of Pandora Media Inc (NYSE: P) plunged more than 9 percent Monday after the company announced a new lineup of senior executives. Pandora Media's Board of Directors appointed Tim Westergren as its new Chief Executive Officer. Westergren is the founder of Pandora and credited with...
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Mo-Mo Pair Trade? FBR Downgrades Netflix, Upgrades Pandora
Friday, February 12, 2016 - 11:36am | 495Read More...Barton Crockett FBR presented a pair trade idea in a report on Friday: upgrading Pandora Media Inc (NYSE: P) to Outperform and downgrading Netflix, Inc. (NASDAQ: NFLX) to Market Perform. Crockett maintained a $16 price target on Pandora's stock but trimmed his target on Netflix's...
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Pandora Surges After NYT Reports Co. Is Interested In Selling Itself
Thursday, February 11, 2016 - 2:37pm | 215Read More...Shares of Pandora Media Inc (NYSE: P) surged higher on heavy volume Thursday afternoon after The New York Times reported that the company is exploring a sale of itself. The New York Times, citing "people briefed on the talks," reported that Pandora is working bankers at Morgan Stanley to meet...
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Amazon Tops Netflix's Streaming Subscriber Numbers: An Expert's View
Tuesday, January 26, 2016 - 2:46pm | 537Read More...It seems like Netflix, Inc. (NASDAQ: NFLX) might have been displaced from its throne in the U.S. video streaming arena. According to Investor’s Business Daily, Amazon.com, Inc. (NASDAQ: AMZN) now has more subscribers for its video streaming service in the United States than Netflix does. On...
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Pandora Inks Licensing Agreements With ASCAP And BMI, Withdraws Prior Appeal
Tuesday, December 22, 2015 - 9:26am | 226Read More...Shares 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 - 11:42am | 521Read More...Shares 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 - 1:49pm | 474Read More...According 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 - 11:37am | 576Read More...Shares 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'...
