Pandora|Policy

Publication

How SiriusXM Is Beating the Subscriber Paradox & Scoring a Better Return Than Streaming Services

Billboard
Glenn Peoples

Whether music or podcasts, on-demand listening is the greatest change to recorded music in the last decade. Yet satellite radio — launched before iTunes revolutionized how music is purchased — continues to thrive as streaming services flourish. SiriusXM’s 2019 earnings report, which dropped Tuesday, shows that the satellite radio service added 1 million subscribers and grossed $7.8 billion of revenue over the year.

Publication

SiriusXM and Pandora test bundle discounts

TechCrunch
Sarah Perez

It’s been less than a year since SiriusXM completed its $3.5 billion acquisition of streaming music service Pandora, but the two companies have already leveraged their collective assets to boost each other’s services.

Publication

Goldman Sachs says 1.15bn people will pay for music streaming by 2030, as it ups industry forecast

The investment bank’s ‘Music In The Air’ dossier, from August 2017, forecast a booming future for record labels, and set in motion a series of escalating valuations for Universal Music Group which have since hit $50bn (in the case of JP Morgan). In that report, Goldman forecast that trade revenues from paid streaming would reach $28bn by the year 2030, with the overall recorded music industry pulling in a whopping $41bn in the same 12 months.

New Pandora Student and Military Plans Offer Premium Features at Special Discounted Rates

Pandora
Pandora

Pandora Premium is our everything bagel, our first-class cabin, our Wonka golden ticket to millions of songs and thousands of podcasts you can listen to however and whenever you want. And now we’re making all of Pandora’s Premium features even more accessible for students and members of the military with our new discounted Pandora Student and Pandora Military Plans.

Publication

SiriusXM and Pandora launch Pandora NOW, the first Pandora station that streams on both services

TechCrunch
Sarah Perez

More changes are coming to Pandora, following the $3.5 billion acquisition by SiriusXM last year. The company today launched a new station called Pandora NOW, powered by Pandora listener data, which is available across both Pandora and SiriusXM. On Pandora, the new experience will appear as an interactive station and playlist, while SiriusXM subscribers will be able to access Pandora NOW on Channel 3.

Publication

U.S. Recorded-Music Revenue Rises Amid Streaming Subscription Surge

Wall Street Journal
Anne Steele

Revenue from music-streaming platforms now accounts for three-quarters of the music industry’s top line, as subscriptions to services including Spotify Technology SA, Apple Inc., Amazon.com Inc. and others in the U.S. grew 42% in 2018 to top 50 million for the first time.

Publication

RIAA 2018 Year-End Music Industry Revenue Report

Recording Industry Association of America (RIAA)
Recording Industry Association of America (RIAA)

Fueled by tremendous creative output by groundbreaking artists and now more than 50 million paid subscriptions, the U.S. music industry experienced its third year of consecutive growth in 2018 with retail revenues up 12% to $9.8 billion. Streaming now comprises 75% of total industry revenues.  Vinyl continues to be a bright spot for the physical market, up 8% to $419 million, the highest revenue level since 1988.

Publication

Paid music streaming subs 235m by year end

Futuresource Consulting
Futuresource Consulting

Music streaming continues its ascendance, with the number of paid streaming subscriptions on track to reach 235 million worldwide by the end of 2018, according to a new music market report from Futuresource Consulting.

Publication

What does the Music Modernization Act mean for your streaming subscriptions?

Mashable
Alison Foreman

The Music Modernization Act (MMA) is officially law. And, as evidenced by the musician-packed Oval Office from earlier this afternoon, that means a lot of things for a lot of different people. The former bill turned law ensures artists receive the compensation they are owed, encourages fair industry competition, and protects the intellectual property rights of studios nationwide—among other benefits.

Publication

Here’s Why SiriusXM is Purchasing Pandora for $3.5 billion

AdAge
George P. Slefo

SiriusXM said Monday that it is acquiring Pandora in a $3.5 billion deal that aims to create an all-encompassing digital audio offering that will reach some 100 million users in their vehicles, in homes and on mobile devices. During a call with investors this morning, Jim Meyer, chief executive at SiriusXM, said many potential new listeners try out the satellite radio service when they get a new or used vehicle, but often do not become paying subscribers.