It is one of the oldest and thorniest questions of the digital music era: How much should artists and musicians be compensated for the Internet broadcast of their songs? And who gets to decide that rate?
When Pandora shares took a dive last week several people pointed out that its dip came soon after the number one U.S. radio company Clear Channel Inc launched a customized radio application announced with a press release which didn’t shy away from drawing comparisons with Pandora.
-- Brad Feld is a managing director at the Boulder, Colorado-based venture capital firm Foundry Group. He also co-founded TechStars and writes the popular blog, Feld Thoughts. The views expressed are his own. --
Pandora, the popular Internet radio service, has expanded its board membership with two heavyweights of the media world: former News Corp no.2 Peter Chernin and former Netflix CFO Barry McCarthy.
Q&A: Tim Westergren, Founder Pandora
Pandora is the leading Internet radio service in the United States with more than 75 million registered listeners claiming more than 50 percent of that market using its free service. It is one of the top five most download apps across smartphones and mobile platforms like iPhone, Android and BlackBerry according to Nielsen research with more than 50 million total mobile downloads.
Of the many ways the traditional music industry has struggled in the fast evolving digital music world has been understanding who is listening, why they’re listening , when and where they’re listening and find ways to build music-based products and services around that — especially since not as many people are buying music as they used to.
A lot may be riding on the release of Microsoft’s newest operating system, Windows 7, which is due in October, not the least of which is an expected rush of advertising to support everything from the software itself, to the computers it will run on to the rival computers it will not run on.
Sirius XM Radio has launched its long-awaited App for the iPhone to mixed reviews. That’s not surprising, really, since the legion of Sirius subscribers has never been sheepish about the pay radio service.