*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).
Eric Bowman. the executive editor at TravelPulse, offers some guidance to help you get the airfare you want at a price you're willing to pay.
The union representing 340,000 UPS workers said 86% of voting members approved the tentative contract agreement reached last month.
Mike Mussio, president of FBB Capital Partners, offers some advice to help potential savers get ahead.
Swingers mini golf co-founder and co-CEO Matt Grech-Smith explains the appeal of putt-putt for adults and the company's expansion to Las Vegas.
From moving finances online to the new ways we'll be getting cash, Ray Hatch, the Vice President of Enterprise Solutions Vertical Markets at Comcast Business explains how the banking industry is getting ready for the future.
Swingers mini golf chain co-founder and co-CEO Matt Grech-Smith explains how his company is finding success by creating a more adult version of a longtime family favorite.
Shopping expert Trae Bodge shares tips for saving money while back-to-school shopping for college students.
The managers of the Panama Canal said they expect income from the waterway to drop after authorities were forced to limit the number of ships passing through each to 32 due to a lack of rainfall.
Nissan is recalling more than 236,000 small cars in the U.S. because the tie rods in front suspension can bend and break, possibly causing drivers to lose steering control.
Canadian Prime Minister Justin Trudeau accused Facebook on Monday of putting profits over people’s safety during the emergencies created by Canada’s record wildfire season.
Load More