Monday, September 19, 2011
Pandora Media (P) looks like a buy
Pandora Media, Inc. (Pandora), incorporated in January 2000, is an Internet radio in the United States. As of January 31, 2011, it had over 80 million registered users. The Music Genome Project and its playlist generating algorithms enable it to deliver personalized radio to its listeners. When a listener enters a single song, artist or genre to start a station, a process it calls seeding, the Music Genome Project together with its playlist generating algorithms, allows it to instantly generate a station. It generates revenue from advertising. It also offers a subscription service to listeners. The Pandora service allows listeners to seed personalized stations with artists, composers, songs and genres or choose stations organized by genre. Listeners can create up to 100 personalized stations and use its QuickMix combination feature to listen to two or more of their stations at one time.
The Company competes with CBS, Clear Channel, Sirius XM, iheartradio, Last.fm, Slacker Personal Radio, RDIO, Rhapsody, Spotify, Hulu, VEVO, You Tube, Apple, Amazon, Facebook and Google.
Pandora Media Inc
2101 Webster Street
Oakland CA 94612
Labels:
long candidate,
Pandora (P)
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