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Pandora Passes 4.3M 'Plus' Subscribers, Ups Revenue Estimate, Starts Major Staff Cuts (NYSE: P)
Source:
HypeBot
Pandora shared some positive news about both subscribers and earning late today, after investors shaved tens of millions of dollars off it valuation over the last week. Pandora stock was up 7% in after hours trading. After a tough week on Wall Street, Pandora (NYSE: P) announced late Thursday that it expects to exceed previously announced Q4 2016 revenue and adjusted EBITDA guidance ranges thanks to stronger ad sales and new subscribers to Pandora Plus which has surpassed 4.3 million in paid subscribers. ...
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Sony/ATV Music Publishing Cuts "Unprecedented" Direct Deal With Pandora [NYSE: P]
![Sony/ATV Music Publishing Cuts "Unprecedented" Direct Deal With Pandora [NYSE: P]](https://s3.amazonaws.com/allaboutjazz/photos/news/pandoraradiologo.png)
Source:
HypeBot
Pandora and music publishing giant Sony/ATV Music today announced a multi-year catalog licensing agreement. Terms of the deal were not disclosed, but the direct publishing deal creates business benefits for Pandora, while improving rates and modernizing compensation for Sony/ATV songwriters in the US, the companies said in a joint statement. Sony/ATV has been telegraphing its desire to bypass performing rights organizations and deal directly with Pandora for months. Under the just announced direct agreement, the music publisher says it can deliver ...
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Pandora Acquires Ticketfly For $450 Million [NYSE:P]
Source:
HypeBot
Pandora has acquired independent ticketing company Ticketfly. It's a move that diversifies the music streamer's portfolio within the music vertical, and it could also be goods news for artists and promoters offering direct access to Pandora's 80 million monthly users. Pandora (NYSE:P) has entered into an agreement to acquire Ticketfly for $450 million in cash and stock. Ticketfly is one of the largest independent ticketing platforms, serving 1,200 venues and event promoters across North America. In 2014, Ticketfly sold 16 million tickets to more ...
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