The business model of Internet streaming music service Pandora cannot work without a "lot more advertising," SiriusXM CEO Jim Meyer told CNBC on Tuesday. "That plays to our strength," he added, "because our music stations will remain commercial free
Pandora (NYSE: P ) and to a lesser extent Sirius XM Radio (NASDAQ: SIRI ) may want to start weighing the potential threat posed by Beats Music. Both companies have been able to grow despite the growing number of competitors in the past. However, both
Thursday, Pandora released some numbers in a press release that has the rest of the music industry up in arms; many radio executives said the numbers released are simply not true. Pandora said that they now have 8.44% of total radio listeners and this
Pandora cannot work without a "lot more advertising," SiriusXM CEO Jim Meyer told CNBC. "The competition for me has always been free" radio, he continued.
Unfortunately for competitors like Pandora and iTunes Radio, recent reports illuminate that Spotify will soon launch a new free ad-supported version.