![]() ![]() In January, Liberty Media Acquisition Corporation (LMAC), a “blank check” acquisition company launched by Liberty Media, raised $575 million in its Initial Public Offering on the Nasdaq Stock Exchange in the US. Speaking to Variety, an iHeartMedia spokesperson said: “We appreciate Liberty’s support for iHeartMedia, originally as a holder of debt which then converted into a meaningful equity stake, and we are delighted that they received a good return on their investment.” That target came in addition to the $50m in annual calendar-year savings iHeart previously said it expected to be achieved by the execution of “modernization initiatives” which began in February 2020 – a process which reportedly saw hundreds of employees, including a swathe of on-air DJs, made redundant as new investment was pumped into AI-driven programming. Pandora, famous for its charm bracelets and stacking rings, has managed to double sales each year since 2000, to become the UKs biggest jewellery brand and is worth £11.5 billion. ![]() This post was originally published on Smartplanet.In April 2020, iHeartMedia told its investors that it was working towards an operating cost-savings target of $200m for the 12 calendar months of this year. (Pandora) Only true fans will recognise this cassette charm, and it may be our favourite find in the collection. No word what that new FM station will sound like with Pandora in control or if Pandora has plans to buy up more traditional radio stations. Guardians of the Galaxy cassette tape dangle charm: £55, . Politicians have taken action to make ownership of UK property through overseas companies more expensive, imposing stamp duty of 15 and an annual charge of £3,800 to £244,750 for the most. Users can access the service on the web and through mobile apps on smartphones and over-the-air devices to create and share customized music stations. We look forward to broadcasting our personalized experience to the community in Rapid City, an area where over 42,000 residents already use Pandora. LiveOne (formerly known as LiveXLive) is a music streaming platform that combines audio and video (sometimes live) that is available in the US and Canada. Pandora excels in personalizing discovery and terrestrial radio is experienced in integrating with a local community. While this might seem like an unexpected move for Pandora, it makes sense even beyond the licensing parity. ![]() This acquisition allows us to qualify for the same RMLC license under the same terms as our competitors. Christopher Harrison, assistant general counsel at Pandora, explained the move at The Hill: So Pandora is trying to get around the music industry fees and using its own rules against them by getting into the terrestrial radio business. Thus far, the music industry’s response has been to raise licensing fees for the rest of the radio companies to the same level that Pandora pays. SiriusXM and Pandora are continuing to provide the. Together, we will deliver even more of the best content on radio to our passionate and loyal listeners, and to new listeners, across our two platforms. Over the last year Pandora has lobbied both Congress and the music industry to lower what the company feels are excessively high licensing fees that are preventing Pandora from turning a significant profit. We are excited to announce that SiriusXM is acquiring Pandora to create the world’s largest audio entertainment company. Terrestrial radio stations have pretty much free rein on the music they can play, and under current licensing, they don’t get charged a performance licensing fee like digital and satellite music services.
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