james adams pandoracompanypresentation
TRANSCRIPT
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By: James Adams
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} Pandora is an automated internet radio provider which creates playlists based off of musical similarities and feedback from the users.
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} 1999: Founded as Savage Beast Technologies by Tim Westergren and friends
} July 21, 2005: Restructured and renamed Pandora Media
} June 15, 2011: Began trading at $16/share
} April 2013: 200+ million users
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} After 13 years and 175 million users, Pandora has yet to turn a profit. The new CEO, Brian McAndrews, plans to change that…
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Music Genome Project
} Each song represented by a vector of 400 attributes (“Genes”)
} Each “Gene” assigned value between 0-5 in half integer increments
} Similarity in songs calculated with distance function
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Congress Actually Saved Pandora Bill passed in 2007 forces internet-based radio services to pay around double the royalty rate than satellite providers. Congress passed a bill allowing Pandora more time to negotiate royalty rates with SoundExchange in 2009 which allowed the company to continue to operate.
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The Good } Just purchased $8 million in internet-radio
patents from Yahoo!
The Bad } Locked-in licensing rates with record labels ends
in 2015.
The Verdict } Competition from iTunes Radio and Spotify will
prove to great } Future is bleak
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