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๐๐๐๐ข๐๐ฌ & ๐ ๐๐ง๐ญ๐ฅ๐๐ฆ๐๐ง,
๐๐ก๐ข๐ฅ๐๐ซ๐๐ง ๐๐ญ ๐ก๐๐๐ซ๐ญ & ๐จ๐ ๐๐ฅ๐ฅ ๐๐ ๐๐ฌ..
๐๐จ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ง๐ฏ๐๐ซ๐ฌ๐๐ญ๐ข๐จ๐ง ๐๐ฅ๐ฅ ๐ฐ๐๐๐ค ๐ฅ๐จ๐ง๐ ๐ก๐๐ซ๐ @
๐๐.๐ ๐ ๐/๐๐๐๐ ๐๐ ๐๐ ๐๐ ๐๐จ๐๐๐ฅ๐ฅ๐ฒ ๐๐ซ๐จ๐ฐ๐ง ๐๐๐๐ข๐จโฆ
๐๐จ๐ข๐ง ๐ฎ๐ฌ ๐๐จ๐ซ ๐ฌ๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐จ๐ฆ๐๐๐ฒ
๐ฅ๐ข๐ฏ๐ & ๐๐ข๐ซ๐๐๐ญ ๐๐ซ๐จ๐ฆ
๐-๐๐: ๐๐จ๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ ๐๐
๐๐-๐๐: ๐๐จ๐ซ๐ง๐ข๐ง๐ ๐๐๐ ๐๐ณ๐ข๐ง๐
๐๐.๐ ๐ ๐/๐๐๐๐ ๐๐
๐๐ ๐๐
๐๐จ๐๐๐ฅ๐ฅ๐ฒ ๐๐ซ๐จ๐ฐ๐ง ๐๐๐๐ข๐จโฆ

Two questions are consistently asked of Pandoraโs business model: Can it sell more advertisements, and will it generate more revenue? The music industry sees a company that has placed market share ahead of revenue growth. People often wonder if Pandora could put more emphasis on growing revenue as it seeks lower royalties.
The short answer to both questions is yes, Pandora will sell more ads and generate more revenue. Although its business model has been widely criticized, the Oakland, Calif.-based company is well-positioned to turn its massive listening audience into profits.
The U.S. radio market is immense. Broadcast radio advertising totaled $14.2 billion in 2012, according to the Radio Advertising Bureau. About 242 million Americans listen to radio every week, according to Arbitron. Listenership is heavy across age groups: 90.9% of 12- to 17-year-olds, 90.8% of 18- to 24-year-olds and 94.5% of 25- to 54-year-olds. But only a handful of eventual Internet radio winners will be rewarded handsomely for their efforts.
This is partly because radio is a traditional business that hasnโt yet experienced the same kind of digital disruption as, say, recorded music and newspapers. Even though Pandora, SiriusXM, iHeartRadio and Slacker have helped transform how people enjoy a โlean backโ listening experience, traditional AM/FM radio still rules in 2013.
An investor tells Billboard he warmed on Pandora after recognizing that itโs a radio company rather than an Internet music service. The opportunity stems from the ubiquity of the mobile phone, this generationโs version of a transistor radio, he says. Pandora is simply using a different platform to engage listeners in a very familiar way. โIf you just think of it that way, this is a really interesting story,โ he says.
While on-demand services like Spotify have to foster an entirely new consumer behavior (renting music), Pandora benefits from the familiarity of radio. โThese guys donโt have to create a new business,โ the investor says. โThey donโt have to change consumer habits.โ
Perhaps Pandoraโs biggest strength is its best-of-class status. No other digital radio company is so well-positioned to capitalize on a shift of ad dollars from traditional broadcast radio to Web radio. And no other platform can deliver both audio and display ads to more than 71 million monthly active users while allowing advertisers to target by demographic characteristic and location.
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