Pandora CEO Tim Westergren is officially out amid company shakeup

 Following rumblings of a shakeup over the weekend, Pandora confirmed today that co-founder Tim Westergren is stepping down from his role as CEO. Naveen Chopra, who stepped in as the company’s CFO back in February will be filling in the top spot as interim CEO while the board of directors looks for a permanent replacement.
Westergren was one of three founders of the music streaming service. Read More

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Spotify “Sponsored Songs” let labels pay for plays

 A mysterious “Sponsored Content” opt-out setting recently appeared in Spotify, and now the streaming giant has confirmed to TechCrunch what it’s about. Spotify is now testing a new “Sponsored Song” ad unit that a company spokesperson tells us is “a product test for labels to promote singles on the free tier.” Instead of appearing as obvious ad banners… Read More

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Time Warner will spend $100M on Snapchat original shows and ads

 Time Warner and Snap Inc. have announced a new deal that will bring increased ad spending and the development of new made-for-Snapchat shows. People familiar with the deal tell TechCrunch that it is valued at about $100 million spent over the next two years. The newly created shows will span a variety of genres, including scripted drama, daily news shows, documentaries and comedy. The shows… Read More

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Apple Music quietly added a $99 annual subscription plan

 If you’re an Apple Music subscriber, chances are that you’re paying $9.99 every month, $14.99 for a family plan, or $4.99 per month if you’re a student. But Apple quietly added another option. You can now pay $99 for a 12-month subscription. This setting is quite buried as Apple doesn’t want you to know that you can pay less than what you’re actually paying. We… Read More

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Streaming sports startup FuboTV raises $55 million

 To expand its channel lineup and grow its customer base, FuboTV has raised $55 million in Series C funding led by Northzone, with participation from 21st Century Fox, Sky and Scripps Networks Interactive. That brings total funding to $75 million since being founded in 2014. Read More

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Patreon gives creators CRM and Snapchat Stories clone just for fans who pay

 Ads aren’t enough to support professional online content makers. So Patreon is equipping them with new ways to organize, measure, and entertain fans who use its platform to pay them a monthly subscription fee for special access. With 1 million patrons paying an average of $12 per month to 50,000 creators, Patreon is on track to send musicians, comedians, journalists, videographers, and… Read More

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