The new station marks an important step in Pandora’s attempt to become just as vital to the music industry as the traditional radio stations were decades earlier.
It’s hard out there for a major streaming music service, Pandora says.
Although Halloween isn’t for another week, Pandora shareholders are experiencing quite a scare after rumors of last month’s Apple-branded Internet radio service resurfaced yesterday.
Pandora founder Tim Westergren disclosed some interesting financial information today regarding how much money the company pays out to individual music artists.
Internet radio service Pandora is getting so big across the globe that it can now challenge broadcast radio stations in a number of local markets, said Tim Westergren, chief executive of Pandora.