Company Overview

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Founded:
January 1, 2000
Founders:
Will Glaser, Tim Westergren
Employees:
250
Headquarters:
Oakland, CA
IPO:
Went Public on Jun 15, 2011
Stock:
P
Categories:
Broadcasting, Video Streaming, Music
Description:
Pandora Radio is the custodian of the Music Genome Project and provides internet radio and recommendation services.

Detailed Description

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Pandora Radio is an internet radio service, recommendation service, and the custodian of the Music Genome Project. Users enter a song or artist that they enjoy, and the service responds by playing selections that are musically similar. Users provide feedback on approval or disapproval of individual songs, which Pandora takes into account for future selections.

While listening, users are offered the ability to buy the songs or albums at various online retailers. As part of the Music Genome Project, over 400 different musical attributes are considered when selecting the next song. These 400 attributes are combined into larger groups called focus traits. There are 2,000 focus traits. Examples of these are rhythm syncopation, key tonality, vocal harmonies, and displayed instrumental proficiency.

The Music Genome Project is what powers Pandora's personalization, as it is a detailed, hand-built musical taxonomy. Using this musicological “DNA” and constant listener feedback Pandora crafts personalized stations from the more than 800,000 songs that have been analyzed since the project began in January 2000. More than 75 million people throughout the United States listen to personalized radio stations for free on Pandora through their PCs, mobile phones and devices such as the iPad, and connected in-house devices ranging from TVs to set-top boxes to Blu-Ray players.

Mobile technology has been a significant factor in the growth and popularity of Pandora, starting with the introduction of the Apple app store for the iPhone in the Summer of 2008. Pandora instantly became one of the most top downloaded apps and today, according to Nielsen, is one of the top five most popular apps across all smart-phone platforms. Pandora is mostly free and, thanks to connectivity, available everywhere consumers are – at the office, at home, in the car and all points in between.

In 2009 the Company announced that Pandora would be incorporated into the dashboard in Ford cars via SYNC technology; GM has already followed in announcing plans to integrate Pandora into its vehicles’ OnStar system. Since more than 50% of radio listening happens in the car, this was a crucial arena for Pandora.

Also in 2009, Pandora announced that an agreement had been reached regarding the royalty issue, which would significantly reduce the royalty rate, making it possible for Pandora to stay in business. It announced, too, that free listening would be limited to 40 hours per month but can be extended to unlimited for that month for $0.99. "The revised royalties are quite high," the company's blog notes, "higher in fact than any other form of radio." The extended listening fee differs from "upgrading," which also disables advertisements, increases the bitrate to 192 kbps, and provides a dedicated music player (as opposed to listening through browser). This service, known as "Pandora One", costs $36 and is billed annually.

Due to copyright and licensing rulings, Pandora is only available in the United States, but Pandora has said that it has plans to extend its service to a global market.

Current Team (18)

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Past Team (17)

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Board Members and Advisors (7)

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Products (5)

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  • Dace9b458b3fa934a5bd87beb090b416

    Pandora Radio

    Pandora Radio is an audio app that streams music to the iPhone over Wi-Fi, 3G, or edge. Pandora...
  • A3794fa2da41583211f05a76d19cc105

    Pandora One

    Pandora One is the pay version of Pandora. For a $36 yearly fee, you get access to a number of...
  • Gs29dy7xgxrvhlfcr0tm

    Pandora in the Home

    Pandora teamed up with Logitec and more recently with Sonos to create at home stand alone
  • Zlyji69k2anhtqulmgxv

    Pandora on the Go

    Fully integrated with your online account, Pandora on the Go allows you to access your...
  • Qvlfmv1y5ffpondhe8vv

    Pandora

    Type in the name of an artist or song to get started with your own customizable internet radio...

Investors (10)

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Offices/Locations (1)

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  • Headquarters

    2101 Webster St

    7th Floor

    Oakland, CA 94612

    USA

Competitors (21)

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Images (2)

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  • 89070586cf074c6fea5d6a10b97f9515