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Why Streaming Struggles
JimH:
More Tidal numbers, reported by Engadget:
https://www.engadget.com/2017/12/13/tidal-jay-z-financial-trouble/
JimH:
More bad news for Tidal at Gizmodo.
JimH:
Streaming numbers:
https://9to5mac.com/2018/09/17/apple-music-us-subscribers/
KingSparta:
SiriusXM buys Pandora for $3.5 billion
--- Quote ---SiriusXM is acquiring Pandora for $3.5 billion. The satellite radio company says it intends to maintain the Pandora service and brand, along with its roughly 70 million monthly active users (5.6 million of which are paying members), which stands at double that of SiriusXM’s existing 36 million subscribers.
--- End quote ---
how do you get 70 million customers, and only 5.6 million are paying?
JimH:
Sirius's stock dropped 10% on the day they announced the Pandora acquisition. Investors don't like the deal.
https://www.bloomberg.com/news/articles/2018-09-24/sirius-steps-into-lion-s-den-of-silicon-valley-with-pandora-deal
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