Also in this playlist...
This transcript is automatically generated
-- on the list should he that the seventy Daniel BMO capital markets digital entertainment conference.
Here in Manhattan and got -- again these kinds of gigs and he's got Jim Kennedy CEO pandora with him hey Abbott without.
Hey Tracy thinks it's -- not little rowdy and everyone's playing a lot of video games yet they're -- -- -- it it's lunchtime but.
Seriously we are here and we're talking about video -- but it's more than just the games in a funny games more than an old school con -- song that maybe Chris -- rivers rocking out to as well but.
I can get -- -- -- you know you probably know them from your PC.
They're they've gone like everyone else they've gone mobile's right you know have -- the app right here on my iPhone you can check it out and I also sit in my super -- station.
And it clients on -- don't know them.
That they think you would like -- using it at the -- music genome project and we'll get into that just dissect it.
To find other songs you like NIC and -- on a plane night delights that did indeed work and generally does -- Joseph Kennedy here that CEO pandora thanks so much for joining us here and we're talking a little bit about the business but first let's let's talk quickly.
And about and -- a couple of quick questions for you.
How does it work in a nutshell how does it know that -- -- like Nirvana I like super jock and secondly.
Why can -- only fast -- through a certain number of songs per hour I know it's a rights issue but I think people have to know I've been wanted to have for 45 years.
Actually -- pandora uses the music genome project which is -- project we've had for the last ten years.
The most extensive analysis of music ever undertaken.
We literally have a team of thirty people who spend their day listening to all those tracks that you hear.
Analyzing according to this genes that that we've developed.
What's the harmony what's the read them what's the instrumentation etc.
we don't all of that in incredible detail.
About all those songs that enables us to figure out.
When you answer super -- We know what other bands are musically similar and are able to play them for it.
And what about the rights issue might like you know -- fast forward if you don't like this on to the next song a certain number of times per hour.
We operate under -- federal statutory license for Internet radio.
And it has to be a radio like experience.
And the -- -- -- -- limited to six and our so that you can't fast forward and find just the song that you look -- -- hurts most is still maintain.
Some of the character of a radio experience in terms of being -- expecting -- change the channel lifetime or control -- look at.
I've got that out a way 38 million users all in the US a lot of them coming on the iPhone two million per month your fastest expansion -- -- understand.
Obviously this has been huge for you guys and the next question is when do you take it on the road outside the US.
-- the good news is the Internet -- the bad news is copyright and all that his country by country were very eager.
To move outside the US some of those laws -- music industry things move more slowly than we like.
But we very much have the vision -- over the coming years.
To make pandora truly international experience -- revenue is gonna top 45 million dollars I understand issue more than doubled last year.
How're you doing and I see a lot of ads on here you know that -- you click through.
Advertising in an economic downturn really bad recession.
Not the best model how's it working out for you guys -- it appears that it is working.
It if we have a great offering for advertisers and they've really embraced that despite the terrible conditions in the -- markets we offer great ad products that give.
Avatar is a chance to really engage with our listeners and we offer great targeting age gender zip codes of an out of -- -- says.
I want to target my -- to eighteen of thirty for all males in the New York teammate.
We can give that to an advertiser and so.
Great -- products great targeting and great results of enables the -- and then you're gonna you're looking -- at being profitable here this quarter for the first time ever.
Capital markets getting better have to ask can we look for an IP OD on the road for pandora.
And maybe someday I mean our ambition is to be a great lasting stand alone company.
What we're in no hurry I think a lot of companies -- -- go IPO I think our ambition would be to someday be a great public company.
And we want to make sure we're ready before we never take -- out all right what's your favorite band.
-- is there's so many Counting Crows is -- maps we've been out.
Accounting present huge fan base.
Played him a lot back in the days and I was Vijay myself guys -- -- and as I told out of Garrett at the pleasure of meeting him once I made him famous in Prague but that's a different story.
Chris and -- Tracy that's it from here guys -- Kenny thanks so much for joining us from pandora back to you.
-- -- Yeah you know that.
How could not know that.
I don't know the -- seems -- Jersey girl DJ come and then.
That's -- a New Orleans.
Turns tables that is keynesian Robin thanks man rob Taylor hey Tracy by the way that we do have DJ challenge having here that the new game so I'm gonna -- -- -- arrogant.
I'm still get -- -- -- see that thanks Robert Robert -- -- Joseph Kennedy from and -- I just cannot see.
Not only was -- human -- would like.
A big funky hat on side ways.
You know scratch and Robert read it and we'll download big baggy long hair and had to been right --
Filter by section