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...Smart reads Fool’s gold Over the past five years, creditors have loaned close to $3bn to Wuhan Kingold Jewelry with pure gold acting as collateral. Or so they thought....
...Mr Westergren returned to Pandora last year after more than a decade away and tried to overhaul Pandora, launching its own paid service comparable to that of Spotify to try to convert its 100m free customers...
...The global music business has returned to growth as streaming companies, which include YouTube, Deezer, Amazon and Pandora, have attracted more than 100m subscribers....
...Pandora, the other major independent streaming company, this week stepped up its hunt for a buyer amid deepening losses. Additional reporting by Nicole Bullock...
..., said Tim Westergren, Pandora’s founder and chief executive....
...And as streaming, still only a 10-year-old invention, grows into adolescence, “having the catalogue is not going to be enough”, says Duncan Orrell-Jones, chief executive of Slacker Radio, a rival to Pandora...
...But Spotify and Apple Music also have those and unlike Pandora they allow users to select and download songs....
...Pandora, the online radio group, has close to 80m active users....
...The company’s competitor to streaming pioneers such as Spotify and Pandora, the radio service, will simply be called Apple Music....
...At $8.5bn, Spotify is worth more than twice as much as Pandora, the US-listed internet radio service, which has also been consistently lossmaking....
...Its features incorporate elements from predecessors including Spotify, Pandora, SoundCloud and YouTube — not to mention traditional broadcast radio such as the BBC, from which it poached DJ Zane Lowe....
...Available in 20 countries, it offers a catalogue of 30m songs compared with 2m for Pandora....
...Pandora, the streaming radio service, has 80m free users and 3.5m pay, he says, while YouTube has 1bn users any month and barely any pay....
...The trio will challenge not only Spotify, whose paid streaming service has more than 10m subscribers, but also Pandora and Soundcloud....
...“It’s like opening Pandora’s box. If 65 per cent is right for China, what’s to stop that from being right everywhere?” he said....
...At the time it acquired Beats, Tim Cook, Apple’s chief executive, stressed the role of artists over algorithms, such as those used by Pandora, the streaming radio service, and Spotify to programme or recommend...
...Mr Rowghani also considered bids for Soundcloud’s rivals Spotify, the music streaming service valued at $4bn at the end of last year, as well as Pandora, the New York listed group that has a market capitalisation...
...Pandora, the US internet radio service with 77m listeners, has proved that people are willing to listen to older tracks when presented in well-curated playlists....
...Playlists are curated by celebrities rather than automatically generated by algorithms, as they are in services such as Pandora and Spotify....
...Last year marked the first time digital downloads fell since Apple’s iTunes store launched in 2003, as streaming music services such as Spotify, Rdio and Pandora captured ears....
...Now, he says he can help make Apple relevant again when it is streaming services like Spotify and Pandora that are eating into iTunes download sales....
...Google has also been adding support for more online services, including Netflix, YouTube, Hulu Plus, Pandora and Google Play Music....
...In 2009 it acquired Lala, a music streaming service, and last year launched iTunes Radio, which competes with elements of Beats, as well as more established players such as Pandora....
...Neither iTunes Radio, Apple’s internet radio service launched in 2013, nor Beats Music, released earlier this year, has yet succeeded in unseating their competitors Pandora and Spotify as the leaders of...
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