Taken from:
But ... the product isn't much different than it was last September. It needs paid subscribers to the music service - and it needs concessions and agreements from the music companies - and neither one is happening all that quickly. (On a personal note - I used to be a big Pandora user; but have gone with Spotify now - it just seems easier and more user friendly than Pandora).
So ... while Brian McAndrews might be on the right track with Pandora, it seems like it will take time before it really works!! (I liken that to the old adage, you can't turn an aircraft carrier around quickly).
The market seems to like Pandora under the new leadership. As the article notes:
Brian McAndrews has been on a Wall Street honeymoon. Since he became chief executive officer of Pandora Media (P) in September, the stock price of the music streaming service has jumped about 60 percent, tacking on roughly $3 billion in market value, and the company brought in $400 million from a share sale.
But ... the product isn't much different than it was last September. It needs paid subscribers to the music service - and it needs concessions and agreements from the music companies - and neither one is happening all that quickly. (On a personal note - I used to be a big Pandora user; but have gone with Spotify now - it just seems easier and more user friendly than Pandora).
So ... while Brian McAndrews might be on the right track with Pandora, it seems like it will take time before it really works!! (I liken that to the old adage, you can't turn an aircraft carrier around quickly).
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