Three Years Before the Pandora IPO
Posted on June 15, 2011
Today Pandora Media completed their initial public offering (IPO) of common stock at a price of $16 per share. In post-IPO trading shares rose as high as $26. When the company filed papers with the Securities and Exchange Commission (SEC) earlier this year, the underwriters declared an intention to sell IPO stock at $7 – $9 per share. But investor demand was greater than expected, so once the SEC declared the registration filing as “effective” Morgan Stanley simply raised the price to $16.
Download three minute audio narration to iPhone, iPad, and iPod.
Nonetheless, regular Inside Digital Media subscribers may recall we interviewed Pandora’s founder almost three years ago and have been an evangelist for the company ever since. The interview was the first month after Pandora had an App available for the iPhone and it was evident from the early statistics that the App was a “game changer” for the company. Furthermore we predicted companies like Pandora would be a serious challenge to traditional broadcast radio. Read more…
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Reviving the Record Labels
Posted on September 2, 2009
Phil Leigh
If you would like to learn one way the record labels might reinvigorate their business, this audio is for you.
Everybody recognizes that the Internet radically transformed the recorded music business. Apple’s iTunes online store sells more music than any retailer having displaced Wal-Mart and Target. As a consequence pre-recorded CD sales are down over 50% from ten years ago when Shawn Fanning’s Napster was set-loose, even though it was later jailed. Read more…
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Getting Paid for Music
Posted on August 25, 2008
Sales of recorded music in the United States are nowabout 30% lower than when Shawn Fanning introduced Napster in 1999. Sales in the physical form (e.g. CDs) are down by nearly half. There is little doubt that the Internet has been a “game changer” for the record label business.
In this audio program we explore a couple of ways that the Internet can add revenues. One is already generating more money for the industry and promoting new artists. The second appears to be an idea whose time has come. Read more…
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RIP for RIM’s BlackBerry and the Radio Industry?
Posted on August 18, 2008
Download to Video-Enabled iPods
This video investigates whether the 3G-iPhone signals the decline of the fortunes of Blackberry-maker, Research-in-Motion as well as those of broadcast and satellite radio.
Many executives hunger for the iPhone but can’t do without real-time email while they’re on the move. As a result, they haven’t bought the iPhone because they don’t want to carry around yet another portable unit in addition to their Blackberries. However, the situation changed on July 11th when Apple started selling the 3G-iPhone with “push” email while earlier iPhones can get a free “push” email download. Read more…
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