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Pandora (P -6.9%) trades lower after BTIG's Richard Greenfield, who has long maintained a...
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Tuesday, June 12, 2012, 10:58 AM ETPandora (P -6.9%) trades lower after BTIG's Richard Greenfield, who has long maintained a bearish stance on the company, expresses concerns about the growing popularity of Songza, a mobile app that streams music from playlists "organized by activity, genre, decade, mood, and culture." A solid majority of Pandora streaming now takes place via mobile devices.
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This news story has 6 comments:
I actually really like the sound of that (nasty pun) app. I will give it a try. Currently I stream Jango on my Android and it is also really good.
What happens to Itunes when people start to peak over the garden wall?
Why get locked into a restrictive, limited use product for stuff you supposedly "own" when you can stream endless music in your car for "free"?
The half-life of business models is decreasing at an ever increasing rate.
Then again, it may sound strange, but I even will listen to the radio some times in the car because I actually miss the DJ bantering nonsense occasionally, and I can consume that randomly and passively, by simply pushing the up or down button until I "discover" something that I am willing to subject myself to. There is something to be said for pure laziness.
Agreed.
Really depends upon the nature of your daily travel. In my case, I am never without 4G so I never experience the problem of non-coverage. Like you I also have a library of MP3's stored on my car for those just in case moments.
The biggest epiphany I had when I upgraded to my Android phone was the ubiquity of "free" music - it literally blew me away as I had no idea. I suspect I am not the only one and once we get widespread adoption of smartphones, the subscription based services death spiral will accelerate.
And yes, I still listen to the radio a lot and in particular Talk Radio being the right-wing, anti- "...." (insert slur of your choice), nut-job that I happen to be :) Now with IheartRadio even this model is subject to disruption. The idea of "local" radio is so passe.
But I agree with you (I think) that a subscription-based service, particularly as Pandora, Spotify, and iTunes with Apple's "Siri" attack the dashboard of a car with automatic integration/interconne... it's going to pressure SIRI the company... Just my opinon.
BTW, the real epiphany for me is how well 3G/4G coverage has evolved, which coupled with some improvements in buffering capability at the receiver device level, can result in a pretty deccent level of service from streaming services.