Technology: Pandora Remixes Its Business

Industry Focus

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4.6 • 854 Ratings

🗓️ 9 October 2015

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earlier this week, Pandora announced it had acquired Ticketfly, an online ticketing company, for $450 million. Does the move make sense, and what should investors think of the company moving forward?

Transcript

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0:00.0	Big Data goes to your favorite artist concert on this tech edition of Industry Focus.
0:07.0	Greetings Fool's, I am Sean O'Reilly here at Fool Headquarters in Alexandria, Virginia.
0:15.8	It is Friday, October 9, 2015, and with me today is the unparalleled Dylan Lewis.
0:20.4	How's it going today, Dylan?
0:21.4	Pretty good, Sean.
0:22.4	I am ready to rock.
0:23.0	Ah, I see what you did there.
0:26.0	So, getting right to the point here, big story of the day.
0:30.0	Pandora this week bought an online ticket company.
0:33.2	Are they not making any money with ads?
0:34.7	Like what's going on?
0:35.5	Well, yeah, so they are not profitable at the moment,
0:37.2	Pandora.
0:38.3	Yeah, it's always coming, right?
0:41.0	But they bought a Ticketfly, which is an online ticketing company based out of San Francisco
0:45.0	The deal was announced for 450 million a combination of stock and cash
0:49.1	Is it literally 50-50? Yeah it looks like it it's going to be a half breakdown.
0:54.0	So they're an online ticket company.
0:55.4	They started out kind of in the mid-market ticket fly, you know, appealing to some of these like 200
0:59.3	to 2,000 kind of seat venues.
1:01.0	Are they just a smaller ticket master?
1:03.0	Basically, yeah.
	...

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