0
Broadband

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

Friday 23 October 2015 | 09:28 CET | News
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.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Pandora
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Pandora grows Q4 revenues more than expected

Published 12 Feb 2016 08:51 CET | United States
Digital music service Pandora reported fourth-quarter revenues up 25 percent year-over-year to 336.2 million, better than its ...

Pandora launches personalised radio station

Published 14 Dec 2015 17:32 CET | World
Music discovery platform Pandora has launched Thumbprint Radio, a "hyper-personalized" radio station for each listener. The ...

Pandora launches on Apple TV

Published 11 Dec 2015 08:57 CET | United States
Music streaming and discovery platform Pandora has announced its availability on Apple TV in the US, Australia and New Zealand. ...

Bijna een derde meer omzet voor Pandora

Published 23 Oct 2015 09:39 CET | World
De Amerikaanse streaming muziekdienst Pandora heeft over het derde kwartaal van dit jaar een omzet gerealiseerd van 311,6 miljoen ...

Two-thirds of US broadband homes use streaming audio

Published 14 Oct 2015 14:40 CET | United States
Two-thirds of US broadband homes use a streaming audio service, according to new research from Parks Associates. The study found ...

Pandora acquires Ticketfly

Published 07 Oct 2015 14:58 CET | North America
Pandora entered into an agreement to acquire Ticketfly, a live events technology company. The move is the latest step toward ...

Pandora generates USD 1.5 billion of royalties

Published 24 Sep 2015 10:55 CET | World
Internet radio service Pandora has announced that it has generated over USD 1.5 billion in royalties for music makers to date, ...





Calendar   /   Industry Events

22 Apr Digi Q1 2019
22 Apr Telecompaper holiday
23 Apr Millicom Q1 2019
23 Apr Verizon Q1 2019
23 Apr Twitter Q1 2019
23 Apr China Unicom Q1 2019
23 Apr Snap Q1 2019
24 Apr F5 Networks fiscal Q2
24 Apr Brightcove Q1 2019
24 Apr Microsoft fiscal Q3
24 Apr Line Q1 2019
24 Apr STMicroelectronics Q1 2019
24 Apr Facebook Q1 2019
24 Apr Orange Belgium Q1 2019
24 Apr Netgear Q1 2019
24 Apr Tele2 Q1 2019
24 Apr Grameenphone Q1 2019
24 Apr AT&T Q1 2019
25 Apr Juniper Networks Q1 2019
25 Apr Comcast Q1 2019
25 Apr Amazon Q1 2019
25 Apr Nokia Q1 2019
25 Apr DNA Q1 2019
25 Apr Netia Q1 2019
25 Apr Rovio Q1 2019
25 Apr Dtac Q1 2019
25 Apr MobileIron Q1 2019
25 Apr Blockchain Expo Global
25 Apr AI Expo Global
25 Apr IoT Tech Expo Global
::: More Calendar Items