Is a Pandora like service approaching to Sirius XM (SIRI) in current year? Now what could Sirius XM 2.0 provide? Well, some reasonably current patent expansion has shed some mild on the long term of each satellite radio and web radio. A number of days back, a patent were on paper in that shed new light on a possible route for Verizon (VZ) cellular phone users in addition to Sirius XM satellite radio subscribers. The patent details can be viewed here as well as the patent is entitled - a program for and technique of obtaining web radio broadcast by way of satellite radio.
Internet music station Pandora Media has file a registration declaration of desire to given to $100 million value of store and revealed that it lost $300,000 on $90.1 million in money in the 9 months ending Oct. 31.
Oakland base Pandora, that gives music free with adverts and thru subscription to spectators who can select various forms of music by naming artists or genres, recounted that in Jan it had more than eighty million registered users also adds a new registered user each second. Launched in 2005, Pandora
Pandora Media, Inc. will probably quickly be considered a public firm. The chief in internet radio file its opening IPO official procedure on Friday evening. Conditions including a share reckon and a cost variety had been not set, however the offering is outlined as becoming “up to $100 million in widespread stock.” The business hasn't selected a trade to checklist or even a stock ticker. The preliminary joint book-runners within the submitting are JPMorgan and Morgan Stanley, by the co-managers outlined as William Blair and Stifel Nicolaus Weisel.
Two notable IPO filings submitted by Pandora Media and Freescale Semiconductor announced the end of a busy week for the US IPO market, in which seven firms successfully finished their deals. Even if both are prestigious offerings, Pandora and Freescale are very different corporations with characteristics that reflect the everyday personal equity and project capital-backed deal frequently perceives in the IPO market.
It absolutely was the slug line from the year 2010: “There’s an app for that.” As the rising saturation of Smartphones boosts, companies of all kinds are scrambling to roll out their very own apps.
That consists of radio stations, and a few are exceptionally optimistic about what apps can do for listenership.