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Pandora Media Inc (P)

P on New York Consolidated

13.85USD
7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

SONGS Music Publishing and Pandora Media, Inc sign licensing agreement continuing pandora's advancements into direct deals
Tuesday, 8 Dec 2015 09:00am EST 

Pandora Media, Inc:Songs music publishing and Pandora sign licensing agreement continuing pandora's advancements into direct deals.Says specific terms of the multi-year agreement are confidential.  Full Article

Pandora Media, Inc. Announces Pricing of $300 Million Convertible Notes Offering
Friday, 4 Dec 2015 07:30am EST 

Pandora Media, Inc:Says pricing of $300 million aggregate principal amount of convertible senior notes due 2020 in a private placement to qualified institutional buyers.Pandora also granted Morgan Stanley & Co. LLC ("Morgan Stanley"), the initial purchaser of the notes, a 30-day option to purchase up to an additional $45 million aggregate principal amount of the notes.sale of the notes to the initial purchaser is expected to settle on December 9, 2015, and is expected to result in approximately $292.7 million in net proceeds to Pandora after deducting the initial purchaser's discount and estimated offering expenses payable by Pandora.Morgan Stanley is acting as sole bookrunner for the offering.notes will be senior, unsecured obligations of Pandora.notes will bear interest at a rate of 1.75% per year. Interest will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2016.notes will mature on December 1, 2020, unless earlier repurchased, redeemed or converted.expects to use approximately $37.5 million of net proceeds of the offering of the notes to pay cost of the capped call transactions, and to use remaining proceeds of offering for general corporate purposes.  Full Article

Pandora Media, Inc announces $300 mln convertible notes offering
Wednesday, 2 Dec 2015 04:15pm EST 

Pandora Media, Inc:Announces $300 million convertible notes offering.Says offering of $300 million aggregate principal amount of convertible senior notes due in 2020.  Full Article

Pandora Media Inc to acquire key assets from Rdio
Monday, 16 Nov 2015 04:05pm EST 

Pandora Media Inc:To acquire key assets from rdio.Deal for $75 million.Expects to offer an expanded Pandora listening experience by late 2016, pending its ability to obtain proper licenses.  Full Article

Pandora Media Inc and Sony/ATV music publishing sign unprecedented licensing agreement
Thursday, 5 Nov 2015 09:00am EST 

Pandora Media Inc:Sony/atv music publishing and Pandora sign unprecedented licensing agreement.Says announced a multi-year licensing agreement for sony/atv's catalog of musical works.  Full Article

Pandora Media Inc completes acquisition of Ticketfly
Monday, 2 Nov 2015 09:00am EST 

Pandora Media Inc:Completes its acquisition of Ticketfly.  Full Article

Pandora Media Inc lowers FY 2015 guidance; gives Q4 2015 guidance below analysts' estimates
Thursday, 22 Oct 2015 04:02pm EDT 

Pandora Media Inc:Sees Q4 2015 revenue to be in the range of $325 million to $330 million.Sees Q4 2015 adjusted EBITDA to be in the range of $25 million to $30 million.Sees FY 2015 revenue to be in the range of $1.153 billion to $1.158 billion.Sees FY 2015 adjusted EBITDA to be in the range of $51 million to $56 million.Q4 2015 revenue of $352 million and EBITDA of $57 million - Thomson Reuters I/B/E/S.FY 2015 revenue of $1.18 billion and EBITDA of $82 million - Thomson Reuters I/B/E/S.  Full Article

Pandora royalties surpass $1.5 billion
Wednesday, 23 Sep 2015 09:00am EDT 

Pandora Media Inc:Says has generated more than $1.5 billion in all-time royalties for music makers.Says producing royalties of nearly $500 million for music makers over the past 12 months.  Full Article

Pandora Media Inc gives Q3 2015 mixed guidance; raises FY 2015 revenue outlook; reaffirms FY 2015 EBITDA outlook
Thursday, 23 Jul 2015 04:03pm EDT 

Pandora Media Inc:Expects Q3 2015 revenue to be in the range of $310 to $315 mln.Expects Q3 2015 adjusted EBITDA to be in the range of $25 to $30 million.Expects FY 2015 revenue to be in the range of $1.175 to $1.185 billion.Expects FY 2015 adjusted EBITDA to be in the range of $75 to $85 million.Q3 2015 revenue of $309 million and EBITDA of $33 million - Thomson Reuters I/B/E/S.FY 2015 revenue of $1.169 billion and EBITDA of $81 million - Thomson Reuters I/B/E/S.  Full Article

Pandora Media to acquire Next Big Sound
Tuesday, 19 May 2015 09:00am EDT 

Pandora Media Inc:Agreed to acquire Next Big Sound.Other terms of the deal were not disclosed.  Full Article

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Pandora looking at bidders beyond Sirius XM: CNBC

Internet radio provider Pandora Media Inc is looking at potential acquirers beyond satellite radio company Sirius XM Holdings Inc, CNBC reported, citing sources.