May 1, 2002 |
Fans of Internet radio may find their station taking an extended break today to protest a proposed royalty for musicians and record labels that could drive many Webcasters off the Net. Organizers of the "Day of Silence" say hundreds of online stations will replace some or all of their programming with public-service announcements, discussions of the new fees or silence.
June 16, 2005 |
One of Los Angeles' most vibrant subcultures started with the simplest of urges: Mark "Frosty" McNeill wanted to play records. From that seed grew Dublab, an Internet radio station that survived the dot-com crash and stamped its influence all over L.A.'s underground arts scene. If you've never heard the eclectic fare webcast at www.dublab.
July 8, 2009 |
The music won't stop for Internet radio after a group of webcasters struck an agreement with SoundExchange, the organization that collects royalties for musicians and record companies, over payments for playing music online. The settlement ends a 2 1/2 -year-old dispute that had threatened to silence the nascent Internet radio business and had forced some people who started online stations as a hobby to quit for fear of accruing expensive royalty bills. The deal is part of a series of agreements made this year that cover various sectors of the industry, including small webcasters and conventional radio stations that simulcast their broadcasts online, and have resolved much of the controversy.
June 16, 2011 |
Shares of Pandora Media Inc. rocketed nearly 63% in the initial hours of the stock's debut on the New York Stock Exchange, but subsequently fell back to Earth as concerns set in over the company's ability to reverse its string of losses and eventually turn a profit. The stock, which was priced at $16 on Tuesday night, traded as high as $26 early Wednesday but lost much of its gain throughout the day, closing at $17.42 for a modest 8.9% first-day gain. "Investors had their initial emotional flush with the stock," said David Menlow, head of IPOfinancial.com in Millburn, N.J. "Then they got a strong dose of reality.
February 12, 2011 |
Pandora Media Inc., an Internet streaming radio service used by more than 80 million listeners, is planning to launch an initial public offering this year. After years of struggling for survival, the Oakland, Calif., company is on the verge of breaking even and sees the offering as an opportunity to raise $100 million in order to grow its business. In its prospectus filed Friday with the Securities and Exchange Commission, Pandora reported a $16.8-million loss on $55.2 million in revenue for its fiscal year ended Jan. 31, 2010.
June 13, 2013 |
Pandora's legal disputes with performance-rights organizations are heating up. BMI, or Broadcast Music Inc., one of the groups that collects royalties from broadcasters to pay publishers and songwriters, is suing the Internet radio giant in response to its attempt to lower its rates by buying a traditional FM radio station. Pandora revealed Tuesday it is acquiring a terrestrial station in Rapid City, S.D., to make a point about the rates it pays. PHOTOS: Tech we want to see in 2013 Pandora has said it is unfairly forced to pay higher rates than traditional radio operators such as Clear Channel, which owns 850 physical stations and the Web streaming music service iHeartRadio . Last year, Pandora, which has 200 million registered users and 70 million active users, sued the American Society of Composers, Authors and Publishers (ASCAP)