Pandora Unveils “Thumbprint Radio” For Individuals Who Like Selection
Music listening service Pandora says its algorithm simply acquired smarter with “Thumbprint Radio.” Customers who’ve appreciated music throughout a number of genres will discover their distinctive combine on a brand new customized station.
Calling it a “hyper-personalised” station, Pandora says this service strikes past beforehand “thumbed up” songs and suggests different music that also needs to be of curiosity. What’s totally different concerning the Thumbprint station than different Pandora stations is it’s extra inclined to include numerous classes, probably placing nation music and metallic on the identical channel, to tailor to a consumer’s different preferences.
“We now have mixed all of your favorites with music we all know you’ll like to create a brand new station that displays your distinctive musical thumbprint,” stated Chris Phillips, Chief Product Officer at Pandora, in a press release.
Should you’re like me, with large-ranging musical tastes, then you definitely’ll respect that Pandora will now play each The Beatles and Snoop Dogg on the identical station. I examined it out and appreciated the primary 14 songs that have been chosen for me.
But competitors between music providers is fierce, with Apple Music gaining some traction after launching earlier this yr. Spotify additionally stays common, regardless of Taylor Swift’s beef with the corporate.
There’s additionally been some consolidation within the business, with Apple lately saying plans to close down Beats Music. Pandora additionally lately acquired what was left of Rdio.
A lot of Pandora’s destiny rests on a choice about its royalty charges that can be decided any day now, with The Copyright Royalty Board outlining their prices for the subsequent 5 years. Pandora presently pays artists about 14 cents for each one hundred music performs and if its charge is raised a lot larger than that, the already unprofitable enterprise will endure. (Apple and Spotify have totally different enterprise fashions, negotiating with every artist immediately).
Pandora’s inventory has traded down 30% this yr and will transfer considerably when the brand new fee will get introduced.
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