Pandora Media Inc (P) News: Pink Floyd, High Shares, Apple Inc. (AAPL)’s Radio Terms & More

Editor’s Note: Related tickers: Pandora Media Inc (NYSE:P), Apple Inc. (NASDAQ:AAPL)

Pandora Media Inc (NYSE:P) shares trading high (NYSEPost)
The share prices of Pandora Media Inc (NYSE:P) had surged by 2.43 percent to close at $18.16 per share when the market closed for trading on Thursday. The shares of the company had been trading with intraday prices fluctuating in the range of $17.43 to $18.40 per during the day. The shares Pandora Media Inc (NYSE:P) had a market capitalization of $3.17 billion. The stock opened at $17.82 per share. The share price does not make a change in the 52 week low value $7.08 per share and 52 week high value $19.37 per share. This company is located in the United States and it is an internet radio company. 125 million registered users are in the company on January 2012.

Pandora Media Inc (NYSE:P)

Apple’s iTunes Radio Terms Are More Generous Than Pandora’s (Sys-Con)
Ahead of its launch of an online radio service Apple Inc. (NASDAQ:AAPL) circulated terms to independent record labels last week, many of them more generous to the music companies than what rival Pandora Media Inc (NYSE:P) currently pays. Apple Inc. (NASDAQ:AAPL) intends to pay royalties to labels based on a blend of how many times listeners hear their songs and how much advertising Apple Inc. (NASDAQ:AAPL) sells, according to the terms, which were reviewed by The Wall Street Journal. During iTunes Radio’s first year, Apple Inc. (NASDAQ:AAPL) will pay a label 0.13 cents each time a song is played, as well as 15% of net advertising revenue, proportionate to a given label’s share of the music played on iTunes. In the second year, that bumps up to 0.14 cents per listen, plus 19% of ad revenue. That compares to the 0.12 cents Pandora Media Inc (NYSE:P) pays labels per listen on its free service. Apple Inc. (NASDAQ:AAPL) is also offering music publishers more than twice as much in royalties than Pandora Media Inc (NYSE:P) does.

Pandora: Pink Floyd was misled by music labels (BizJournals)
Pandora Media Inc (NYSE:P) has issued a statement challenging Pink Floyd’s accusations that it is trying to slash artist royalties, suggesting that the iconic rock and roll band has been misinformed by the Recording Industry Association of America. Oakland-based Pandora Media Inc (NYSE:P), which streams music to listeners in both ad-supported and subscription formats, was responding to an opinion piece in USA Today in which Pink Floyd’s three surviving members accused Pandora Media Inc (NYSE:P) of trying to trick artists into signing a letter supporting its effort to get Congress to cut the music royalties it must pay for the content it streams.

Pandora Media Rating Increased to Outperform at Cowen and Company (P) (DailyPolitical)
Cowen and Company upgraded shares of Pandora Media Inc (NYSE:P) from a neutral rating to an outperform rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has $22.00 price target on the stock, up from their previous price target of $15.00. “P has a larger audio ad opportunity, sooner than expected, as it begins to take share of terrestrial radio. We expect a substantial ramp in audio ad revenue from $293MM in FY14E to $1.8BN in FY19E driven by (1) rising listening hours; (2) increasing ad units from 2/hr in FY14 to 7/hr by FY19, which equates to 3.5 minutes/hour of audio ads by FY19, up from 1 currently; and (3) moderate pricing increases.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!