Pandora In The News

US recorded music revenues from paid subscriptions exceeded $10bn annually for the first time in 2022

The US recorded music industry grew 6.1% to USD $15.9 billion in 2022, according to RIAA's 2022 Year End report

Shamal Ranasinghe appointed Chief Business Officer at Web3 music streaming platform Audius

Exec joins Audius from SiriusXM/Pandora

Tuned Global inks deal to provide yoga and fitness giant Lululemon with licensed music for Lululemon Studio

White label app solution enables instructors to search for music via filters based on criteria such as BPM, key, genre, and other variables

Deezer strikes long-term partnership with speaker maker Sonos to power Sonos Radio globally

Sonos launched its ad-supported radio streaming service in 2020

Napster acquires Web3 music startup Mint Songs after eight-figure financing

The acquisition follows Mint Songs’ own $4.3m fundraising

After investing $125m over the past year, Cutting Edge secures another $100m to buy film and TV music rights

The initial $125m round 'has been fully deployed' according to the company

Switzerland-based MusicBird secures $100m loan facility from Mitsubishi UFJ Financial Group to buy music rights

Company entered the rights acquisition space in 2021

SoundCloud renews US advertising partnership with SiriusXM’s sales force

The extension enables advertisers and brands to continue purchasing SoundCloud’s US advertising inventory directly through SXM Media