[UPDATE 2] A $480 million investment in Pandora by SiriusXM along with a $200 million sale of Ticketfly were not enough for Wall Street to regain confidence in the music streamer. Pandora stock closed down 7.63% Monday at a one year low of $7.87, and analysts were predicting more trouble…
Category archives: Broadcast & Satellite
Sirius XM Invests $480 Million In Pandora
The rumors were right about talks between Sirius XM and Pandora, but only late yesterday did the chatter shift from acquisition to investment. This morning Pandora [P] confirmed that U.S. satellite radio company Sirius XM [SIRI.O] would invest $480 million in the music streaming company. ____________________________________________ Under the terms of…
Pandora, SiriusXM Acquisition Talks Heat Up… Again
Just weeks after talks that would lead to a SiriusXM acquisition of Pandora fell apart in a public dispute of stock value, the parties are back at the table. ____________________________________________ SiriusXM and Pandora are back in serious talks about an acquisition of the music streamer. The New York Post first…
4 Stats That Should Worry Pandora And Investors
Inside Pandora’s announcement that is had closed a $150 million investment from KKR and lost less money that analysts had thought, were several statistics beyond the financials that must worry CEO Tim Westergren & Company, as well as, their investors. ______________________________ 1. Just 500,000 have taken advantage of a Pandora…
SoundExchange Q1 Collections Down Thanks To Pandora Direct Deals
Digital radio performing rights organization SoundExchange has reported its first down quarter, thanks to new Pandora direct deals with rights holders. Collections were $161.9 million in 2017, compared to $189.3 million in the same quarter last year. ______________________________ Overall collections are down at Pandora, but membership is soaring. "In Q1…
iHeartMedia Stock Fell 24% Monday As Radio, Streaming Giant Flirts With Bankrupcy
iHeartMedia stock fell 23.64% to $2.04 Monday after the company admitted to shareholders that it might not survive the year. ____________________________________ iHeartMedia stock dropped $23.64% Monday, after the company shared that its next quarterly report to investors will include a warning “as to our ability to continue as a going…
iHeartMedia, Largest Owner Of Radio Stations In US, Admits It May Not Survive The Year
Struggling under the weight of $20 billion in debt, broadcast radio conglomerate iHeartMedia has admitted to investors that it may not survive 2017. _________________________________ Late last week iHeartMedia announced that its next quarterly report to investors will include a warning “as to our ability to continue as a going concern”…
Closing The Value Gap – On Terrestrial Radio?
For months, YouTube has been the music service the industry loves to hate. Love, because of its huge audience that can clearly break artists and boost releases. Hate, because of the comparatively small revenue it returns to creators and rightsholders. But now broadcast radio is feeling the heat, and for…
TV Is Perfect For Artists Who Don’t Fit Radio ‘Mold’ – ‘Big Little Lies’ Standout Michael Kiwanuka
After his song "Cold Little Heart" earned a prominent spot on HBO’s new Big Little Lies, Michael Kiwanuka saw a massive jump in his music’s popularity. Here he discusses how TV placement can help artists whose music may not fit with traditional radio, and the important relationship between a well…
Would You Pull Your Music Off The Radio?
In an effort to correct the fact that artists haven’t been properly compensated for having their songs played on the air the new bipartisan PROMOTE bill would give artists and labels the option to pull their music from broadcast radio. ____________________________ Guest post by Bobby Owsinski on Music 3.0 Almost…