RAIN 4/5: Entercom digital VP, Triton Digital exec and more added to RAIN Summit West
REGISTER TODAY BEFORE TICKET PRICES GO UPWith less than a week to go, we’re still announcing industry experts set to appear at RAIN Summit West 2011 in Las Vegas on Monday, April 11. Today we’re excited to add Entercom’s Tim Murphy, Triton Digital’s Patrick Reynolds, GroupM’s Taylor Wood, Brian Gantman of KLOVE Air1 Radio and NorBella’s Steph Herget to the day’s agenda.
RAIN Summit West is the Internet radio event of the year. We’re anticipating our biggest and best gathering ever and tickets are selling fast. We strongly encourage you to register today before it’s too late and before prices go up tomorrow.
Tim Murphy (pictured right) serves as Vice President of Digital Strategy and Enterprise Platforms at Entercom. He’ll join our “Ad Campaign Showcase” panel alongside Brian Benedik of Katz 360 and moderator Robin Flynn of SNL Kagan. Check back tomorrow for one more big addition to this panel!
Executive Vice President of Marketing at Triton Digital Patrick Reynolds (pictured left) will join us in Vegas to moderate our panel on in-car Internet radio. He’ll be joined by panelists George Lynch of Pandora, Jake Sigal of Livio Radio and Stitcher’s Noah Shanok.
Taylor Wood serves as GroupM’s supervisor, will participate as a panelist in our “Digital Face-Off” discussion on Internet radio advertising. He’ll join Steph Herget (pictured right), Digital Media Planner at NorBella, in our “Digital Face-Off” discussion on Internet radio advertising. The panel will be moderated by the IAB’s Michael Theodore and will also feature Katz 360’s Erik Carlson and Bonneville’s Jeffrey Wolinsky.
Joining our Internet radio legal panel will be Brian Gantman (pictured left), who serves as Government Relations Director and In-House Counsel of KLOVE Air1 Radio. He’ll join Rhapsody’s David Rosenberg and moderator David Oxenford of Davis Wright Tremaine.
RAIN Summit West 2011 takes place on Monday, April 11 in the Las Vegas Renaissance Hotel during the NAB Show. The Summit will be a jammed-packed day of panels, speakers and research presentations, including a special keynote from CBS Radio president/CEO Dan Mason. More information about the Summit can be found here and you can register right now here. We hope to see you there!
PANDORA REVENUES UP 150% TO $140 MILLION IN FISCAL 2010According to an amendment to their IPO-related S-1 filing released yesterday, Pandora’s revenues for the fiscal year that ended Jan. 31, 2011 were $137.8 million — up 150% from the previous year.
According to the S-1, of that revenue, 87% came from ads and the remainder from subscriptions. The company posted a net loss of $1.8 million in FY 2010 (compared to a loss of $16.8 million in FY 2009), but had positive cash flow from operations in FY 2010 of $3.2 million.
Additionally, the S-1 says that Pandora’s total listener hours nearly doubled in FY 2010, reaching 3.9 billion. The full 157-page amended Form S-1 is available on the SEC website here.
RAIN ANALYSIS: The audience size number in the S-1 is about 25% larger than the number we would have expected by looking at Ando Media’s Webcast Metrics press releases during the same 12-month period.
Here’s the math: Averaging the Webcast Metrics numbers for Pandora (adjusting appropriately for the varying number of days in each month) gives Pandora a Mon-Sun 6a-12m AQH (a/k/a AAS) for the period of 397,600.
However, if we reasonably assume that about 15% of Pandora’s 3.9 billion hours were consumed during overnights (i.e., midnight to 6am), the number contained in the S-1 works out to a Mon-Sun 6a-12m AQH of 504,000 — i.e., over 25% higher than we would have expected from the Ando press releases.
So is Ando Media underestimating Pandora’s audience? Does the S-1 figure include some listening that Ando doesn’t measure? Unfortunately, Pandora is in a “quiet period” relating to their IPO and is unable to comment. — KH
HARVARD BUSINESS REVIEW SAYS “BIG CONTENT” IMPEDING TECH INNOVATIONA new article from the Harvard Business Review argues “big content” organizations are stifling American technological innovation. “Rather than see it as an opportunity to reach new audiences, technology has always been a threat to them.”
The article goes on to list examples of “big content” trying to eliminate such threats through legislation — some of which RAIN readers will be all too familiar with. “The result of laws like this? Startups — the engine of America’s growth — will just go elsewhere,” writes HBR. “Even Europe is benefiting — one of the most promising recent music services, Spotify, is hosted in Europe. It’s still not available to American consumers.” You can find the full article here (tip-of-the-hat to Slashdot here).
share: del.icio.us. Reddit Digg Yahoo Wink Windows Google Newsvine
Commenting is closed for this article.
RAIN has upgraded (and moved)!
RAIN 9/13: RAIN Summit Chicago takes place today!
RAIN 9/12: First Summit in RAIN's hometown takes place tomorrow
RAIN 9/9: Summer holidays, "doldrums" impact July Webcast Metrics, but audience up over last year
RAIN 9/8: Clear Channel launches new customizable iHeartRadio beta; RAIN goes hands-on
RAIN 9/7: Meet more speakers you'll hear at RAIN Summit Chicago in less than a week
RAIN 9/6: Clear Channel taps The Echo Nest to take on Pandora
RAIN 9/2: RAIN reviews Spotify's radio-like product Artist Radio
RAIN 9/1: UK online radio aggregator Radioplayer campaigns b'dcasters to create "all radio" ratings
RAIN 8/31: Execs from Merlin, Triton Digital, jacAPPS and more to appear at RAIN Summit Chicago