Home › DMW Daily › May 19, 2009

Pandora Expects Profit in 2010; Adds Song Lyrics via Gracenote

Authored by Mark Hefflinger on May 19, 2009 - 1:20pm.
San Francisco - Personalized radio and music discovery service Pandora expects to be profitable next year, after earning as much as $40 million in revenue this year, founder Tim Westergren told Bloomberg. The company's iPhone application is attracting 20,000 new users each day, according to Westergren. In related news, Pandora today announced that its service will now offer song lyrics, having reached a licensing deal with Gracenote. The deal includes hundreds of thousands of tracks from more than 20,000 music publishing catalogs.

 

Related Links:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaKvHKT2hji0

http://snipurl.com/idndk (Wired)

http://snipurl.com/idns0

http://www.pandora.com

Published in DMW Daily, May 19, 2009
tags: Advertising | Music | Pandora | Gracenote | Lyrics | Recommendations |



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