*By Carlo Versano*
In streaming years, online music service Pandora is ancient.
Among the first platforms to offer a "freemium" product, the company, founded in 2000, now boasts 71 million active monthly users in a hyper-crowded industry and offers three tiers of membership: $10 and $5 per month, or free.
Maybe conversely, it's that free, ad-supported tier ー which accounts for the vast majority of the platform's user base ー that has the most potential.
While at the Mobile World Live conference, Pandora CEO Roger Lynch told Cheddar that audio is one of the few areas in digital advertising that hasn't been conquered by the Google-Facebook duopoly. Pandora, which gathers data from users' listening histories to recommend new music, is particularly qualified to explore new ways to offer targeted ads of varying length. That's the "next big frontier" in audio advertising, Lynch said.
To that end, Pandora acquired the programmatic ad tech firm AdsWizz for $145 million earlier this year. For consumers, the personalized data-driven ad model that dominates text and video ads online, would mean shorter audio commercials ー think four minutes an hour on Pandora compared to 20 on terrestrial radio, Lynch said.
Pandora also teamed up with Snap to allow Snapchat users to share songs seamlessly, even if they didn't subscribe to the same music services.
"We're trying to make \[music\] a lot more social," Lynch said.
For full interview [click here](https://cheddar.com/videos/how-pandora-plans-to-stay-on-top-in-streaming-wars).
Seth Schachner, Managing Director at StratAmericas, weighs in on Spotify earnings and why that headline-grabbing deal with Joe Rogan could be worth that $250 million.
Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.
Amazon saw 24% growth in their Thursday Night Football audience in 2023. Subscribers will be rewarded with even more sports, but not without enduring more ads — unless they pay extra, of course.
Low unemployment + 350 thousand new jobs in January = ...more layoffs? A bunch of tech and retail companies have laid and are laying off employees after a nationwide hiring surge during the pandemic.
The most magical place on Earth wants a protective order to keep Gov. Ron DeSantis' appointees from knowing how the magic happens. A federal judge dismissed a separate Disney lawsuit last week.
Just days before the 49ers and Chiefs play in Las Vegas, Joe Pompliano, Investor at Pomp Investments and author of the Huddle Up Newsletter, discusses why he thinks this could be the most-watched Super Bowl in history.
Chris Versace of Tematica Research LLC shares his thoughts on Jerome Powell's latest comments, the timing of those crucial rate cuts, and what semiconductor stocks he's watching closely.