Friday, October 21, 2011

Pandora?s Westergren: The Biggest Tectonic Shift In Music Is From Terrestrial To Personalized Radio

ad2b90d9d6f84ce8b9d231b7d7792c9f_7This afternoon at The Web 2.0 Summit, Pandora Co-founder Tim Westergren sat down with Fortune Editor Adam Lashinsky to talk about what's going on at everybody's favorite personalized radio platform. For those who may have missed it, Pandora recently enjoyed a relatively high-profile IPO, putting its "P" ticker symbol right smack in the middle of "IPO" -- and the NYSE. And its stock has remained pretty high, both literally and figuratively, pricing at over $16 a share on its opening day, and is today trading around $15.20 per share. So far, so good. Furthermore, today the company counts 37 million active users and, as Westergren has said on multiple occasions, is finally hitting scale. Part of the reason that the co-founder believes that the company has been able to reach scale, and continue to grow across mobile and the web, is due to the fact that the entire industry is shifting from broadcast/terrestrial radio to personalized radio.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/DdisQ8QrZJM/

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