Source: http://feedproxy.google.com/~r/Techcrunch/~3/DdisQ8QrZJM/
Wednesday, October 19, 2011
Pandora?s Westergren: The Biggest Tectonic Shift In Music Is From Terrestrial To Personalized Radio
This afternoon at The Web 2.0 Summit, Pandora Co-founder Tim Westergren sat down with Fortune Editor Adam Lashinsky to talk about what's going on at everybody's favorite personalized radio platform. For those who may have missed it, Pandora recently enjoyed a relatively high-profile IPO, putting its "P" ticker symbol right smack in the middle of "IPO" -- and the NYSE. Pandora priced at over $20 a share on its opening day, and is today trading around $15.20 per share. Furthermore, today the company counts 37 million active users and, as Westergren has said multiple times, has finally hit scale. Part of the reason that the co-founder believes that the company has been able to hit scale, and continue to grow across mobile and web platforms, is that the entire industry is shifting from broadcast/terrestrial radio to personalized radio.