Stig Östlund

lördag, februari 12, 2011

Pandora files for IPO

Pandora Media Inc., an Internet streaming radio service used by more than 80 million listeners, announced plans Friday to sell shares in an initial public offering this year.
When the Oakland, Calif., company was founded in 2000 by Tim Westergren, Pandora was more of a curious academic experiment. Then called the Music Genome Project, it used musicians to analyze the attributes of all types of music, from early Renaissance madrigals to funk.
Five years later, the company introduced an Internet radio service called Pandora that used data collected from the Music Genome Project to play songs that sounded similar to individual listeners' favorite tunes or bands.

More at:  http://www.latimes.com/companytown

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