The East Bay Business Times (Free subscription) | 09/04/2009
Streaming radio service Pandora will have $40 million in revenue this year, which is double what the company took in a year ago, founder Tim Westergren told the Wall Street Journal.
Paidcontent (Free subscription) | 09/03/2009
So says Pandora founder Tim Westergren, in a story in today’s VentureWire about the streaming music company’s growth efforts along with its VC investments. Pandora has raised $64 million since its start nine years ago. No word on whether those revenues will make it profitable this year, though the company has previously said it intends to become one by next year, following a favorable...
INSIDE MUSIC MEDIA™ (Free subscription) | 07/22/2009
By Jerry Del Colliano (With my wife Cheryl) According to Greek mythology, Pandora opened a jar referred to as "Pandora's box", releasing all the evils of mankind. But recently, Pandora Radio released all the evils of the music industry upon the radio industry. Pandora Radio CEO Tim Westergren surprisingly opened Pandora Radio's box for his competitors in terrestrial radio when he came out...
Fresh Inc. (Free subscription) | 07/08/2009
The deal that saved online radio. Pandora, and other Internet radio sites, are breathing a sigh of relief today, one day after record labels and online radio stations struck an agreement that will reduce per-song royalties for streaming music. In March, we told you about how Pandora founder Tim Westergren built a grass-roots campaign of web listeners that pressured Congress into getting involved. The...
Paidcontent (Free subscription) | 07/07/2009
After years of uncertainty, so-called “pureplay” internet broadcasters finally have a copyright deal that should give them enough breathing room to stay in business. The agreement announced today between the record labels and the online radio stations offers an alternative to the higher royalty payments imposed in 2007 by the Copyright Royalty Board—providing a form of revenue sharing...
The Washington Business Journal (Free subscription) | 07/07/2009
A royalty agreement announced today between musicians and recording labels and webcasters has secured the future for Oakland’s Pandora Media, founder Tim Westergren said in a blog posting.
The East Bay Business Times (Free subscription) | 07/07/2009
A royalty agreement announced today between musicians and recording labels and webcasters has secured the future for Oakland’s Pandora Media, founder Tim Westergren said in a blog posting.
CNNMoney.com (Free subscription) | 06/26/2009
Nobody knows where the future of the music industry lies, but few would place its epicenter in Oakland. That doesn't bother Pandora.com's co-founder, Tim Westergren, whose free, customizable online music service is based in a city not known for tech startups. Westergren, 42, has spent the past nine years here in the East Bay, growing Pandora into a music-streaming colossus -- think of it as your own...
The Business Insider (Free subscription) | 06/10/2009
Macro: 10 AM - Wholesale Inventories 10:30 AM - Crude Inventories 2:00 PM - Treasury Budget 2:00 PM - Fed's Beige Book Earnings North American Energy Parnters (NOA) Luby's Inc. (LUB) (after market) Television Bloomberg: 8:45 AM - Steven Kandarian , CIO, Metlife Inc 9:30 AM - James Gorman , President, Morgan Stanley 2:30 PM - Valerie Jarrett , White House Senior Advisor 5:30 PM - Tim Westergren , Chairperson/CEO,...
Inc.com (Free subscription) | 02/23/2009
In 2000, Tim Westergren started Pandora, a pioneering Internet radio company that now has 22 million intensely loyal users. Along the way, the Oakland, California, entrepreneur has reinvented his business model again and again. Here's how he built a Web behemoth. Pandora's Long Strange Trip Slideshow: 11 Ways to Improve Your Website
Cincinnati Enquirer - Business All (Free subscription) | 02/02/2009
All Tim Westergren ever wanted to do out of college was become the "next Oscar Peterson," playing jazz piano for hours in between gigs as a nanny. That morphed into work as a film composer and member of a touring rock band.
Science Friday (Free subscription) | 12/13/2008
There may be a way of accounting for taste, after all. Tim Westergren, founder of Internet radio service Pandora, and Reed Hastings, founder and CEO of Netflix, explain how their companies are trying to develop algorithms that predict whether someone will like a song or film.
Paidcontent (Free subscription) | 10/17/2008
Pandora, the online music streaming service, has laid off 20 of its 140 employees today, founder Tim Westergren announced in a blog post . The list of startups cutting staff and other costs in the face of mounting economic pressure is growing and few are immune to the challenges knocking on everyone's door. Some are reacting swiftly on the front end to help soften the blows and absorb additional losses...
Paidcontent (Free subscription) | 10/03/2008
The next year to eighteen months is going to be a period of "reckoning" for online streaming music companies, Pandora founder and chief strategy officer Tim Westergren told Digital Music Forum West attendees during his keynote Q&A. "I think the fate of the small webcasters is going to be determined in the next few months… That's going to winnow out, I would guess, a fair...
Phones Review (Free subscription) | 10/01/2008
Pandora and several web-based radio services have been in talks for more then a year now with music industry groups trying to work out an agreement for a workable royalty structure before the existing structure actually bankrupts webcasters. According to Tim Westergren, CEO of Pandora, both sides have been making great progress however, it will probably [...]
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