Pandora Media (NYSE: P ) is the country's leading player in the booming streaming music market. There are 76.4 million active monthly users, and on any given day, roughly a third of those users are tuning in.
Pandora Media Inc (NYSE:P) got a boost after the company and international music rights management company BMG entered into a multi-year agreement for a US license for its complete BMI and ASCAP catalog of musical works.
This relative decrease in users is believed to be a consequence of increasing competition from the likes of Spotify Ltd., Apple Inc's iTunes Radio and by Google Inc.'s newest purchase, Songza. While Pandora Media has a large user base i.e. of 75.3 ...
Pandora Media Inc (NYSE:P) rose nearly 4 percent in the current trading session after the provider of Internet radio services inked a multi-year licensing deal with BMG, a music rights management company.