Just two weeks after the Season 1 finale, the CW has ordered a second season of its sci-fi action series Pandora. It’s slated for premiere in 2020.
Sirius XM Holdings said on Monday it will buy music streaming service Pandora Media in an all-stock deal valued at about $3.5 billion. Pandora stockholders will receive 1.44 newly issued SiriusXM shares for each Pandora share they own. Pandora has a “go-shop” period in which it can solicit other offers from third parties.
Sirius XM will invest $480 million in internet-radio pioneer Pandora, the companies said in a joint statement Friday. Pandora will also sell Ticketfly, the ticketing startup it bought for $450 million in 2015, to Eventbrite for $200 million.
Liberty Media-backed SiriusXM is in active discussions about making a bid for internet radio company Pandora. The New York satellite radio company, which has exhibited on-and-off interest in the struggling streamer, has recently restarted talks with Pandora’s banks and is discussing the size of a potential offer, according to sources.
And Pandora to digital video and BuzzFeed to Snapchat. A new study from the VAB claims to make these cross-platform comparisons buyers have been craving for years.
Exclusives
In buying KXMZ-FM Rapid City, S.D., for $600,000, the Internet radio company hopes to get more favorable royalty rates.
Google’s Chromecast will enjoy wider support from some of the most popular mobile video apps, including Hulu, HBO and Pandora. An interesting battle is taking shape between the search giant and Apple over the mobile-to-TV ecosystem.
Streaming music service Pandora today rolled out a new HTML5 app for Xbox 360 and Playstation 3 that allows users to stream music over through their televisions. The company plans to eventually expand the service to other Web standards-based devices.
The online radio service will phase out its reseller program, which it has been testing with newspapers and TV stations since last year, in favor of growing its own local sales teams. Steven Kritzman, Pandora’s senior VP of sales: “Nothing really beats having ownership over the training, the narrative and just having sellers that are specifically focused on your product.”
Internet radio provider Pandora is primarily known for its mobile apps, but as it looks to build up its ad offerings, it’s overhauled its website in the more versatile HTML5 mode to make it more attractive to listeners and display advertisers. But the big question is whether it can turn internet radio listeners into watchers.
