Music, Pandora | featured news

Pandora pays over 2,000 artists more around $10,000 a year, and over 800 make $50,000. Top-tier artists like Adele are in the $1 million range, while others are tripling that sum. Not bad, in other words, especially since this is only taking into account Pandora payments, not those from Rhapsody, Spotify, or any other online streaming service. In fact, Pandora only accounts for about 6.5% of all online radio.

Apple is in talks to license music for a custom-radio service similar to the popular one operated by Pandora Media, in what would be a bid by the hardware maker to expand its dominance in online music.

Pandora shares are trading sharply lower Wednesday after CNBC reported that Facebook plans to unveil plans for a rival online music service at the upcoming F8 developers conference on September 22. My colleague Nicole Perlroth notes this morning that Facebook is expected to unveil integration partnerships with the online music services Spotify, MOG and RDIO. ...

Buyer's remorse already may be setting in for some investors in Internet radio station Pandora Media....

Pandora set terms for its initial public offering that value the Internet radio company at about $2.56 billion, in the latest test of investors' appetite for fast-growing Web companies.