Wells Fargo Analyst Exposes Pandora Hype
I wonder if that salty little curmudgeon Tyler Savery will accuse Marci Ryvicker of "having an axe to grind?"
Quote:
“First of all, Pandora is a playlist that one OWNS and therefore is likely to compete more with your iPod than with terrestrial radio. Second, Pandora may have every intention to move into the dashboard but it is doing so slowly and the reason for this is the simple fact that it takes years – or rather decades – for an entire fleet of cars to turn over,” said Ryvicker of her discussions with Entercom CEO David Field and CFO Steve Fisher.
She then noted that Pandora “seems to be more bark than bite,” citing data from its IPO filing. The company reported that it had over 80 million registered users as of January 2011 and had streamed approximately 3.9 billion hours of radio listening in its fiscal year ended 1/31/11.
“Our thoughts – the average radio listener listens for 13 hours per week, which equals 673 hours per year. If Pandora’s listeners are equally engaged and listen for the same amount of time, their 3.9 billion hours would imply that they had just under six million listeners,” Ryvicker observed.
She also noted that Pandora’s IPO says it has no way of knowing whether people may have created multiple accounts and admitted that many registered users may not use the service actively.
“Our thoughts – Pandora has NO IDEA as to the unique number of ACTIVE users of its service, which is likely MUCH smaller than the 80 million listeners it touts to have today,” the analyst wrote.
http://www.rbr.com/radio/ryvicker-sa...ill-radio.html
Amazon Speaks with Record Companies
Barriers? What Barriers?
Quote:
Amazon has spoken with some of the major record companies and Hollywood film studios about creating a digital locker service for their film and music libraries and could announce the plans as early as next week, sources told CNET.
Sources from both the film and music industries said Amazon is working on creating a cloud locker service that would enable users to store their existing music, film, and book collections, even content not purchased at Amazon, on the company's servers.
Read more: http://news.cnet.com/8301-31001_3-20...#ixzz1HwFEQ81s
Sirius XM Radio Antitrust Suit May Proceed, U.S. Judge Says
Bloomberg
By Bob Van Voris and David Glovin - Mar 29, 2011 7:21 PM ET
Quote:
A lawsuit claiming antitrust violations by Sirius XM Radio Inc. (SIRI), the biggest U.S. satellite- radio broadcaster, may go forward as a class action, a federal judge ruled.
U.S. District Judge Harold Baer in Manhattan allowed the antitrust claims to proceed while dismissing claims filed under 20 state consumer-protection laws. In a separate order today, Baer said the case may go forward on behalf of a nationwide group of Sirius XM subscribers.
In a complaint filed in 2009, the subscribers claimed that New York-based Sirius XM, the product of a 2008 merger between Sirius Satellite Radio Inc. and XM Satellite Holdings Inc., abused its monopoly power by illegally raising prices by almost 30 percent. The suit targets so-called music royalty fees that Sirius charges in addition to subscription fees.
Carl Blessing filed the lawsuit on behalf of himself and other subscribers. It seeks unspecified damages, which may be tripled under antitrust law.
http://www.bloomberg.com/news/2011-0...udge-says.html
